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Business

  • Alex Gerko’s XTX paid more than £500m in corporation tax in 2025

    April 6, 2026

    A London algorithmic trading firm run by billionaire Alex Gerko faced a corporation tax bill of more than £500m last year, the firm’s latest accounts show, making the company one of the largest individual contributors to the exchequer. Kings Cross-based XTX Markets was due to pay around £580m in corporation tax for 2025, according to [...]

  • Tories urge Waitrose to re-hire worker who tackled shoplifter – and give him a bonus

    April 6, 2026

    Shadow home secretary Chris Philp has urged the boss of Waitrose to re-hire Walker Smith, who tackled a shoplifter in south London attempting to steal luxury Easter eggs.  Waitrose shop assistant Walker Smith was sacked by the supermarket after tackling a shoplifter, whom Smith recognised as a repeat offender. Philp wrote to Denyard, the managing [...]

  • US markets hold steady after Trump’s expletive weekend ultimatum

    April 6, 2026

    US markets held their nerve on Monday, as Wall Street traders returned to their desks for the first full session after President Donald Trump’s explosive, expletive-strewn demands for Iran to re-open the Strait of Hormuz. Brent crude oil held the $107-a-barrel mark. But the global benchmark eased overall, by $1.50 to $107.54. European stock exchanges [...]

  • Private equity buyouts slump amid AI fears and Middle East conflict

    April 6, 2026

    The value of buyouts by private equity groups fell by more than a third in the first quarter of the year, with dealmakers warning that concerns over AI’s impact on software businesses and the ongoing Middle Eastern conflict could hasten the downturn. In the three months to March, private equity groups agreed acquisitions worth $172bn [...]

  • MPs demand Kanye West ban as FTSE 100 sponsor ditches Wireless Festival

    April 6, 2026

    Labour MPs are calling on Sir Keir Starmer to ban Kanye West from performing in north London this summer as major sponsors ditched Wireless Festival.  Luke Akehurst and Rachael Maskell are among some of the MPs to have publicly urged Starmer to intervene on a visa to be issued to the ‘Gold Digger’ rapper, who [...]

  • Bath sell-out bright spark as Champions Cup attendances fall

    April 6, 2026

    Bath Rugby’s return to the top flight Investec Champions Cup saw the only sell-out for an English team across the intercontinental competition. A packed Recreation Ground saw the West Country side beat Saracens and earn a spot in the quarter-finals for the first time since the single-legged round of 16 was reintroduced in the 2022-23 [...]

  • Mexico minister: Fifa World Cup host Jalisco safer than New York City

    April 6, 2026

    Senior ministers in Mexico have quelled fan safety fears ahead of the Fifa World Cup after the killing of a cartel boss saw violence erupt in a host city. Members of the Jalisco New Generation Cartel undertook a wave of violence across the Jalisco province after a drug lord known as “El Mencho” was killed [...]

  • From sick pay to whistleblowing: Sweeping new worker rights take effect

    April 6, 2026

    This week marks one of the most significant shifts in employment regulations in years. From whistleblowing protections to ‘day‑one’ rights for fathers, a series of new costly rights is coming into force that businesses need to be prepared for. The government published a report earlier this year that revealed an estimated direct cost to business [...]

  • ‘Open the f**king strait’ – Trump issues brutal ultimatum to Iran

    April 5, 2026

    Trump has ordered Iran once more to open the Strait of Hormuz in an expletive filled ultimatum, threatening Iranian bridges and power plants if Iran fails to meet US demands. Just hours after warning Iran that “all hell will reign down” if they fail to reopen the waterway by Monday, US President Donald Trump has [...]

  • Ministers working with backbenchers amid immigration overhaul concerns

    April 5, 2026

    Ministers concerned with home secretary Shabana Mahmood’s immigration changes are working with backbenchers concerned about planned immigration crackdowns. Figures within government are trying to help rebel MPs secure more exemptions from reforms being spearheaded by Home Secretary Shabana Mahmood, according to The Guardian newspaper. The changes are aimed at extending the amount of time migrants [...]

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