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Business

  • WH Smith made only £10m from sale of 500 stores

    May 10, 2026

    Retail giant WH Smith made just £10m from the sale of its 480 high street stores to a private equity firm after already slashing its asking price.  Private equity firm Modella Capital bought WH Smith’s high street locations in a £42m deal last year but is poised to launch an emergency restructuring as the stores [...]

  • P&O Ferries hikes prices as Iran war puts holidays on brink

    May 10, 2026

    Leading ferry operator P&O Ferries is saddling holidaymakers with up to £50 surcharges as the Iran war threatens to derail Brits’ summer holidays.  P&O, which is owned by Dubai-based DP World, has said it will impose one-way surcharges of £27 per vehicle for its route between Hull and Rotterdam, meaning passengers will pay £54 more [...]

  • Mike Ashley: I was behind Peter Cowgill’s JD Sports downfall

    May 10, 2026

    Billionaire businessman Mike Ashley has admitted he masterminded the infamous car park footage leak that brought down his arch rival, JD Sports’ boss Peter Cowgill. Cowgill, who was executive chairman of JD Sports, quit the sportswear retailer in 2022 after being fined by the competition watchdog over a car park rendezvous with the boss of [...]

  • Backbencher threatens rebellion as Starmer vows to stay put

    May 10, 2026

    A Labour backbencher has issued the Prime Minister with an ultimatum as Sir Keir Starmer battles to stay in Number 10 after taking a battering at the local elections.  Catherine West, a former junior minister and MP for Hornsey and Friern Barnet, said she will trigger a leadership bid on Monday if cabinet ministers fail [...]

  • Formula 1’s reaction to season disruption a lesson for Fifa World Cup

    May 10, 2026

    Formula 1 is firmly back on track but the consecutive Bahrain and Saudi Arabian race cancellations, the result of events in the Middle East, have highlighted how quickly established sporting fixtures can face significant disruption.  The cost of the decision to cancel both races, given the potential risk to safety of staff working in the [...]

  • Gordon Brown returns to government as Starmer shrugs off resignation calls

    May 9, 2026

    Former Prime Minister Gordon Brown has returned to government in a new role as Sir Keir Starmer has scrambled to save his premiership amid discontent among Labour MPs.  Brown will serve as the government’s special envoy for global finance. He will likely be tasked with sorting finance for defence ahead of the publication of the [...]

  • London local election results LIVE: Brown returns as Labour bruised in five-party split

    May 9, 2026

    Good morning and welcome back to the Morning Wire liveblog.  Former Prime Minister Gordon Brown has returned to support Sir Keir Starmer’s premiership as a special envoy for global finance. The appointment was made after bruising election results across the country, particularly in Wales and Scotland where Labour lost control. Starmer resisted calls for his [...]

  • Promotion to Champ could be worth millions as Blackheath fight to go up

    May 9, 2026

    Promotion to English rugby’s second tier Champ could be worth millions as Blackheath and Plymouth fight to go up this weekend. Blackheath, the world’s oldest rugby club, take on their south coast opposition in south east London on Saturday with the winner set to take on one of Richmond or London Scottish for promotion to [...]

  • Polestar 3: Swedish electric SUV delivers premium performance

    May 9, 2026

    I’ve driven the new 2026 Polestar 3. If you think it looks rather like the existing Polestar 3, launched in 2024, you’d be right. On the surface, almost everything is the same – and it looks the same inside, too. Even a much-heralded upgrade for its infotainment doesn’t serve up any obvious visual changes. No, [...]

  • Volvo ES90 review: Forward-looking tech in a trad saloon package

    May 9, 2026

    Volvo is back in the luxury saloon game, with the fully electric ES90 offering an alternative to its range of SUVs. John Redfern discovers how it measures up.  During the past decade, Volvo has made SUVs central to its model lineup. It makes the new ES90 something of an outlier – and a reminder of [...]

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