Watches of Switzerland shares surge on record revenue as US demand soars May 14, 2026 Watches of Switzerland shares surged after the firm revealed record revenue growth, boosted by wealthy Americans flocking to luxury watches. The UK’s largest luxury watch retailer hailed a 13 per cent jump in revenue to £1.8bn in the year to May, as revenue climbed by 24 per cent to £1.2bn in its US market alone. [...]
Revolut bags watchdog approval to beef up UK wealth offering May 14, 2026 Revolut has received the regulatory green light to bulk up its wealth management offering, marking one of its first major expansions in the UK after bagging its banking licence. The $75bn juggernaut’s trading arm has secured a Variation of Permissions from the City watchdog, which allows the firm to broadened the scope of regulated activities [...]
Rayner says she has been cleared by HMRC in fresh Labour leader twist May 14, 2026 Angela Rayner has said she was cleared by HMRC of deliberate wrongdoing or carelessness over her tax affairs, which is set to shake up a divided Labour Party just as Sir Keir Starmer‘s leadership seemed poised to fall apart. Rayner said that she settled a case of unpaid stamp duty and added that she had been [...]
UK enjoyed surprise growth in March but economy ‘in for a rough ride’ May 14, 2026 The UK economy’s momentum continued as growth was higher than expected in March, official figures have shown, in what may precede months of expected gloom. The Office for National Statistics (ONS) has revealed that GDP growth was 0.3 per cent in March. This contributed to overall growth of 0.6 per cent in the first quarter. The [...]
ITV banks on World Cup boost as Sky talks rumble on May 14, 2026 ITV is eyeing a rebound in ad revenue in the second quarter as the broadcaster bets on the World Cup to power a summer recovery. The broadcaster and producer behind Love Island and Rivals posted flat revenue for the first quarter, with growth in ITV Studios and streaming platform ITVX offsetting weaker ad sales. Total [...]
Burberry swings back to profit after cost-cutting regime May 14, 2026 Burberry has returned to profit as it hails a “meaningful inflection point” in its turnaround, following drastic job cuts and savings drives. The FTSE 100 fashion house took £49m in pre-tax profit in the year to March, marking a recovery from its £66m pre-tax loss in the year prior. The brand has pivoted towards “timeless [...]
Fifa’s World Cup model is grotesque and will drive away credible future hosts May 14, 2026 The FA and other potential future World Cup hosts should take Fifa to task over an event model that makes no sense for rational bidders, says Ed Warner. Great news! It’s just got cheaper to get to the World Cup. NJ Transit has slashed the price of a return train from Penn Station to the [...]
Quantexa chief says £175m HMRC deal will ‘protect taxpayers’ money’ May 14, 2026 HM Revenue and Customs (HMRC) has signed a £175m, 10-year partnership with London-based Quantexa to overhaul its data infrastructure, as the tax authority scrambles to recover billions lost to evasion and sophisticated fraud. The deal – one of the largest tech deployments in the public sector – is designed to fix the “fragmented” legacy systems [...]
Eurostar menu: We were first to try the new food – was it good? May 14, 2026 As the debate rages about whether it’s okay to drink pints of lager at 5am before boarding a Ryanair flight (how else are you supposed to get through it?), we at Morning Wire turn our thoughts to an altogether more refined method of transport: the Eurostar. Readers of Morning Wire hardly need to be educated [...]
HSBC is the only UK name on $13 trillion list of top global brands May 14, 2026 The rise of AI has shaken up an influential ranking of global big-name firms, as the competition to become one of the world’s elite brands becomes fiercer than ever, according to an influential index tracking the corporate elite. The Kantar Brandz Top 100 – which ranks the value of brands – unveiled on Thursday, is [...]