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Business

  • LIV Golf to seek investment as Saudi Arabia PIF to cut funding

    April 30, 2026

    LIV Golf is set to announce it is seeking new investment amid reports that Saudi Arabia’s Public Investment Fund is to cut off its funding. PIF has ploughed more than $5bn into LIV Golf since launching it as a challenger to the PGA Tour in 2022 and poaching top players including Bryson DeChambeau and Jon [...]

  • How does a Pokemon card fetch £12m? Inside the lucrative world of rare trading cards

    April 30, 2026

    The Pokemon and Matchattax cards you had when you were a kid could fetch big bucks now. From multi-million price tags to Premier League brand deals, Matt Kenyon digs into this unlikely new asset class.  At a glance, it looked a bit like Comic Con. But in reality, Fort Knox would have been a better [...]

  • Oil price rockets to wartime high as Trump eyes fresh military action in Iran 

    April 30, 2026

    Brent oil surged to a new high during early-morning Thursday trading after reports that US president Donald Trump is set to receive a briefing on new military operations in Iran, raising fears over an end to the fragile ceasefire between the two nations. The global benchmark surged as much as 7.1 per cent this morning, [...]

  • Vertu Motors lands multi-million payout from JLR cyber-attack

    April 30, 2026

    Vertu Motors has landed a multi-million pound payout after suffering from the disruption caused by a cyber-attack at Jaguar Landrover. The AIM-listed car dealership said it was able to agree a £3.9m business interruption claim from its insurers after the attack “disrupted JLR vehicle supply, parts availability and connected systems used by JLR franchised retailers.” [...]

  • Persimmon: Housebuilder sounds alarm over building cost inflation

    April 30, 2026

    Leading housebuilder Persimmon has sounded the alarm over rising supply costs due to the Iran war as demand begins to soften. The housebuilder, one of the UK’s largest, said on Thursday it is beginning to see inflation in its supply chain, which it said could impact its finances as soon as the second half of [...]

  • Standard Chartered registers $190m charge on Iran war

    April 30, 2026

    Standard Chartered’s impairment charges jumped in the first quarter as the bank set aside a hefty sum to cover volatility in the Middle East. The FTSE 100 giant booked $296m in credit impairment charges, with $190m of this coming from “precautionary management overlays” related to the war in Iran. The Asian-focused bank’s activity in the [...]

  • Unilever beats analyst expectations but food spin-off costs up to €500m

    April 30, 2026

    Unilever beat analyst expectations to record nearly three per cent volume growth, despite a €500m hit from its food spin-off and falling revenue. The FTSE 100 consumer goods giant said it will face between €400m and €500m (up to £433m) of “stranded costs” after it offloaded its food brands – including Marmite and Hellman’s – [...]

  • Whitbread to cut nearly 4,000 jobs in £2bn cost saving plan

    April 30, 2026

    Whitbread is to slash nearly 4,000 jobs as part of plans to offload restaurants and sell off the freehold rights to its hotels, in a bid to raise £2bn. Shares in the company slipped on Thursday after it announced the plans to raise £1.5bn by selling off the freehold rights to a raft of its [...]

  • Big Tech results: Alphabet soars as Meta meta sinks on spending plans

    April 30, 2026

    The four largest AI players reported quarterly earnings simultaneously for the first time on Wednesday, delivering a broadly positive set of results that nonetheless triggered a sharp divergence in after-hours share price moves. Alphabet led the pack, with Google’s parent company posting revenue of $109.9bn (£81.6bn) a 22 per cent rise on the same period [...]

  • Sabastian Sawe and the need for clean sporting heroes we can believe in

    April 30, 2026

    Trust in performances like Sabastian Sawe’s at the London Marathon is the cornerstone of sport’s success, writes Ed Warner. The modern sports economy is anchored in belief: belief that the successes we celebrate are genuine, hard-earned, and comparable across eras.  Without this belief records lose meaning, fans become disillusioned, sponsors turn tail and there is [...]

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