‘Vicious and damaging’: Council tax overhaul set to end decades of financial ruin fears April 16, 2026 Brits will be granted more time to settle outstanding council tax bills under fresh reforms, ending decades of “vicious” collections which have left many on the brink of financial ruin. The shake up to the administration of bills sparks the first changes since 1993, after the lack of updating to fit modern needs and shifting [...]
Barclays most ‘hurt’ bank to UK economy downgrades April 16, 2026 Barclays has been branded the bank most set to be “hurt” by the downgrades slapped on the UK economy following the turmoil caused by the war in the Middle East. The bank’s macroeconomic forecasts hold the most optimistic assumptions when compared to its FTSE 100 peers. This leaves the lender with a less of a [...]
Brewdog could mount $1bn resurgence, new owner says April 16, 2026 The new owner of Brewdog has said the craft beer brand can be worth $1bn, as the firm tries to “rebuild” the brand to its former glory. Tilray, a US-based cannabis and alcohol products firm, said it plans to pile significant investment into Brewdog to make it profitable next year and propel it towards a [...]
Nick Candy eyes payday after £275m home sale to Labour donor April 16, 2026 Reform UK fundraiser Nick Candy is looking to cash in on his assets after it was revealed that he sold his £275m home to a former Labour donor in what was put down as the largest house purchase in history. Quadrature Capital’s Suneil Setiya bought the hidden Chelsea mansion from Candy, according to the Financial [...]
Starmer targets social media giants as Kendall faces AI legal threat April 16, 2026 Sir Keir Starmer has called senior executives from Snap, Tiktok, Snap and Meta into Downing Street, as ministers double crack down on Big Tech’s effects on child safety. The meeting comes as tech secretary Liz Kendall faces mounting scrutiny over the government’s use of AI in the same consultation process. Starmer will tell the firms [...]
Aramco ties with Formula 1 could see Saudi Arabia Grand Prix rescheduled April 16, 2026 Aramco ties with Formula 1 could see the Saudi Arabia Grand Prix, cancelled after the Iran conflict, rescheduled for later in the year. Grands prix in both Bahrain and Saudi, which were scheduled for this month, were postponed following the outbreak of the conflict in the Gulf between the United States, Israel and Iran. Formula [...]
Allbirds shares rockets as shoe brand pivots to AI April 16, 2026 Shares in Allbirds surged by over 580 per cent after the struggling shoe brand unveiled a dramatic pivot into AI, betting on soaring demand for tech infrastructure to revive its fortunes. The Nasdaq-listed firm said it had secured $50m (£37m) in convertible financing to shift into an ‘AI compute infrastructure’ business, focusing on buying high-performance [...]
Ashmore share price plummets after Iran War leaves investors sitting on their hands April 16, 2026 Emerging market specialist Ashmore Group suffered a sharp drop in its share price during early morning trading, after the Middle East conflict brought earlier growth to a grounding halt and caused investors to “sit on their hands”. Shares tumbled 5.6 per cent in early trading to 209.4p, after the group reported a three per cent [...]
Santander and TSB kick off mortgage rate cuts after Iran turmoil April 16, 2026 Santander and TSB have kicked off the mortgage rate cutting cycle after lenders pulled deals and hiked their rates amidst the turmoil in Iran. From Thursday, Santander said it would be lower the price on higher loan-to-value (LTV) mortgages products by near 0.3 per cent, which includes its two-year fixed, first-time buyer products. Meanwhile, TSB said it [...]
‘Soul destroying’: Why London’s luxury property market has taken the biggest hit in a decade April 16, 2026 It’s been almost three years since Emma first put her Kensington home on the market. With an initial asking price of just over £4m, she turned down a number of early low-ball offers before accepting one only slightly below what she’d wanted. But after months of dithering, the buyer pulled out at the last minute. [...]