Prologis tables ‘best and final’ £14bn offer for Segro July 22, 2026 US real estate firm Prologis has tabled a “best and final” £14bn offer for Segro, the FTSE 100 property company it has been pursuing for weeks. The Californian property company said its latest offer, which values Segro at £10.32 per share, is a “compelling opportunity for both sets of shareholders”. This bid marks the latest [...]
London Broncos: Automatic Super League promotion not off table July 22, 2026 London Broncos have insisted automatic promotion to the Super League remains on the table. Reports had suggested that the club – which would become the only English Super League team south of Warrington – would not be automatically admitted into the top flight of rugby league and would be forced to, like everyone else, rely [...]
Scotch whisky sales are falling, but what’s really behind the decline? July 22, 2026 Whisky Business, Morning Wire’s whisky supplement. The Scotch whisky sector and indeed the wider spirits market have faced a challenging six months, marked by a wave of negative headlines that have painted a bleak picture of the industry’s health. At the beginning of the year, data from restructuring firm BTG warned nearly one in five of [...]
Ryder Cup adds financial services firm to global sponsorship roster July 22, 2026 The Ryder Cup has beefed up its partner portfolio ahead of next year’s event, signing a deal with an Irish-founded financial services firm. Stripe has become a worldwide partner for the next two editions of the intercontinental golf competition – held at Ireland’s Adare Manor in 2027 and Minnesota’s Hazeltine in 2029 – in a [...]
Regulator flags BDO’s ‘unacceptable’ audit issues for fifth year in a row July 22, 2026 Accountancy giant BDO has been flagged for an “unacceptable” standard of audit quality by the watchdog for a fifth year in a row. The Financial Reporting Council (FRC) said in its yearly audit quality report that BDO’s overall audit quality fell below expected standards and “has received unsatisfactory results from regulatory inspections” consistently for five [...]
London house prices fall again as property slowdown drags on July 22, 2026 London house prices fell again in May as uncertainty over Andy Burnham’s premiership dampened market confidence. The average house price in the capital slipped by 3.7 per cent to £545,000 in the year to May, according to the Office for National Statistics (ONS). Prices jumped in the rest of the country, though the headline rate [...]
Lucy Rigby back as City minister July 22, 2026 Lucy Rigby has been demoted to City minister after a stint as the chief secretary to the Treasury. Rigby, who previously served in the role under Keir Starmer, was moved from her cabinet role by Burnham and will now return to the dual brief of economic secretary to the Treasury and City minister. The former [...]
Former Lloyd’s chief John Neal breached rules with undisclosed relationship July 22, 2026 Former Lloyd’s of London chief executive John Neal fell “significantly below” expected standards in his workplace relationship with a colleague, an independent legal review by Freshfields has found. Neal had run the historic London insurance marketplace for over six years when he stepped down last year. He was in line to become president of general [...]
Bad news: Reach share price sinks amid digital headache and falling print sales July 22, 2026 London listed publisher Reach continued to feel the impact of declining online views and lower print circulation, as the company continues to navigate the changing media landscape. The group’s share price sank 19.5 per cent in early trading to 47.4p, bringing the stock down 13.6 per cent since January after the company suffered a sharp [...]
Tiktok pledges three-stage age checks as it pilots alcohol sales July 22, 2026 Tiktok will strictly enforce age checks to block under-18s from buying or even viewing alcohol on Tiktok Shop, Morning Wire understands, as it expands into one of retail’s most tightly regulated categories. The social media giant said its ecommerce platform is strictly for adults and that alcohol sales are being piloted only with a small [...]