Sadiq Khan urges tougher Ofcom action as UK prepares social media ban rules July 14, 2026 Sadiq Khan has called on social media companies to change algorithms that promote violent and misogynistic material, as London launches a £5m programme to tackle the effect of online harms on young people. The mayor of London also believes the state should be ready to intervene where platforms cannot or will not change their recommendation [...]
‘Ugly moment’ for software stocks as IBM suffers biggest one-day slump in decades July 14, 2026 IBM shares are poised to suffer one of their worst-ever trading days after the tech giant warned customers were diverting spending away from software and into AI infrastructure. The warning wiped more than $50bn (£37bn) from IBM’s market value, sending the stock down more than 20 per cent and putting it on course for its [...]
Politicians call for easing of private school stranglehold on elite rugby July 14, 2026 Politicians have called for an easing of the stranglehold private schools have on providing England with elite rugby players. Nearly two thirds of the matchday 23 that played Fiji at the weekend had some form of private or independent education, underlining concerns about the shortage of state-school pupils making it in the sport. Just last [...]
Aston Villa sign £20m a year Visit Rwanda shirt sponsor deal July 14, 2026 Visit Rwanda have kept their presence in the Premier League by agreeing to become the front-of-shirt partner to Aston Villa. The Paul Kagame-linked tourism board concluded a sleeve deal with Arsenal last season after mounting pressure from fans but have now signed a £20m-a-year deal with, according to The Athletic. Unai Emery’s Aston Villa will [...]
City watchdog eyes rules overhaul for UK asset managers July 14, 2026 The UK’s financial watchdog has proposed a host of reforms aimed at simplifying reporting for asset managers and end industry confusion over complicated regulations. The Financial Conduct Authority (FCA) said the modernisation of the rules will tailor requirements for asset managers, cut costs for firms and provide better data for the sector, saving managers £128m [...]
Wetherspoons and Young’s toast World Cup success as shares rocket July 14, 2026 Wetherspoon and other top London-listed pub groups have surged in value over the course of the World Cup as millions of revellers toasted the hot weather and the Three Lions’ success. Tim Martin’s budget pub chain, which is listed on the FTSE 250, has gained more than £75m in value since the start of the [...]
Atlanta set for major economic boost as England World Cup fans spend July 14, 2026 Atlanta is set to enjoy a major economic boost from England fans at the World Cup after Brits splashed the cash in Miami last week. Spending data from Revolut shows that UK customer spending in Miami was up 322 per cent on Saturday, when England beat Norway 2-1 to book a spot in tonight’s semi-final [...]
Burnham risks ‘breaking manifesto’ without business rates reform July 14, 2026 Andy Burnham has been warned that he risks breaking Labour’s manifesto if he does not go further in his plans to overhaul the business rates system. The Prime Minister-to-be has been urged by hospitality and retail industry figures to expand his plans to modify a business rates system which they say unfairly disadvantages high street [...]
JP Morgan bags record profit – but Dimon warns of risks shifting ‘below the surface’ July 14, 2026 JP Morgan secured the highest quarterly profit in US banking history in its second quarter but chief executive Jamie Dimon tempered the celebration with a warning that risks in the global economy were “shifting below the surface like tectonic plates”. The Wall Street giant recorded a 41 per cent jump in net income to $21.2bn [...]
Mike Ashley’s Frasers muscles in on Harvey Nichols sale July 14, 2026 Mike Ashley’s Frasers Group has gatecrashed the sales process for Harvey Nichols, defying the initial objections of the luxury department store’s brand partners. The fashion group, founded by billionaire Ashley, has successfully entered into the auction for the high-end retail group after demanding it be allowed to take part, Morning Wire understands. Harvey Nichols had [...]