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July 23, 2026 8:24 AM GMT

EasyJet profits plunge 70% as fuel costs soar amid Iran war

The low-cost airline easyJet has revealed a 70% slide in profits because of soaring fuel costs and later bookings as a result of the conflict in Iran , only weeks after it agreed to a £5.7bn takeover.

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July 23, 2026 8:07 AM GMT

Andy Burnham to cut tax for pubs, clubs and live music in England and make vape shops pay more – business live

Pubs and restaurants company Mitchells & Butlers had other things on its plate this summer: the British heatwaves hit its sales .

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July 23, 2026 7:52 AM GMT

Business rates to be cut by 20% for pubs, clubs and music venues in England

Burnham says relief for vape shops and other ‘non-positive’ businesses to be reviewed as part of £100m plan to fund cut

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July 23, 2026 7:00 AM GMT

Carmakers lobbied UK to revoke ban on petrol and diesel cars after 2035

Major carmakers privately lobbied the UK government to revoke a ban on new petrol and diesel cars after 2035, according to documents that reveal for the first time the efforts to overturn a key decarbonisation policy.

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July 22, 2026 11:00 PM GMT

Tesla’s profits slide despite growing revenue as it pivots to robotics and AI

Tesla reported its second-quarter earnings on Wednesday, disclosing far lower profits than expected. The company’s already beleaguered stock, which had fallen about 14% this year to date, dipped further following the ea…

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July 22, 2026 10:57 PM GMT

Google reports 12th consecutive quarter of strong revenue gains

Google’s parent company, Alphabet, reported double-digit revenue growth for its second-quarter earnings on Wednesday. This is the tech giant’s 12th consecutive quarter of massive revenue gains.

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July 22, 2026 7:09 PM GMT

Paramount’s £80bn takeover of Warner Brothers a step closer after EU approval

European Commission says Paramount Skydance’s decision to end Universal venture addresses merger concerns

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July 22, 2026 6:27 PM GMT

Tories ask HMRC to investigate whether Nigel Farage owes tax on £5m gift

The Conservatives have asked HMRC to investigate whether Nigel Farage should have paid tax on the £5m gift he received from the crypto billionaire Christopher Harborne.

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July 22, 2026 5:32 PM GMT

Segro board U-turns on £14bn takeover bid by US rival Prologis

UK warehouse landlord says board unanimous in recommendation to accept ‘best and final offer’

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July 22, 2026 3:37 PM GMT

Streeting says Burnham government will prioritise military over other spending

Defence secretary says he will give arms industry ‘clarity and confidence’ in contrast to row preceding Starmer’s exit

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July 22, 2026 2:12 PM GMT

Food price fears after Europe’s heatwave destroys estimated €2bn of crops

The heatwave that swept across Europe in June is estimated to have cost the continent’s grain farmers €2bn (£1.7bn) in lost revenue and destroyed 9m tonnes of crops, sparking concern about the impact on the price of foo…

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July 22, 2026 1:45 PM GMT

SEC Announces Departure of Principal Deputy Director of Enforcement Sam Waldon

In this issue of our monthly Securities Enforcement Roundup, we highlight top securities enforcement developments from March 2026.

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July 22, 2026 1:37 PM GMT

Oil price rises above $95 mark as Middle East conflict escalates

The price of oil has breached the $95 a barrel mark for the first time in six weeks as the escalating Middle East conflict threatens further disruption to global supplies.

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July 22, 2026 1:28 PM GMT

Harry Potter publisher to receive millions in Anthropic copyright settlement

The publisher of Harry Potter has received a multimillion-pound payout as a beneficiary of a $1.5bn (£1.12bn) copyright settlement between the AI startup Anthropic and thousands of authors over the use of their protecte…

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July 22, 2026 12:58 PM GMT

Former Southern Water employees to face trial over alleged cover-up in wastewater testing

Britain’s ⁠Environment Agency (EA) is ⁠bringing ​a fraud case against ⁠four former Southern Water employees, including ⁠the former chief executive ​Matthew ‌Wright, over ‌allegations they manipulated wastewater ‌testing…

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July 22, 2026 10:34 AM GMT

Amazon founder Jeff Bezos in talks to join consortium seeking 30% stake in Liverpool

Amazon founder Jeff Bezos has held talks about joining the consortium that is seeking to buy around 30% of Liverpool.

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July 22, 2026 10:32 AM GMT

Lloyd’s of London says ex-boss’s ‘close relationship’ breached compliance rules

Lloyd’s of London has ruled that its former boss John Neal breached compliance rules by failing to disclose a “close relationship” with a female colleague that risked triggering conflict of interest concerns at the insu…

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July 22, 2026 10:31 AM GMT

Anthropic to support FCA’s Supercharged Sandbox

Anthropic will support the second group of firms in the FCA's Supercharged Sandbox.

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July 22, 2026 10:25 AM GMT

Arrests and searches made as part of a fraud and money laundering investigation

Four people have been arrested and search warrants executed in Hackney, Beckenham and Slough as part of a FCA and police investigation into fraud and money laundering.

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July 22, 2026 9:07 AM GMT

Wetherspoon’s issues fourth profit warning in seven months

JD Wetherspoon has issued its fourth profit warning in seven months, with the pub chain blaming worse-than-expected sales, despite the World Cup, as it struggled with rising costs for food, workers, energy and property …

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July 22, 2026 9:00 AM GMT

PRA consults on updated guidance for friendly society amalgamations and transfers

Financial mutuals play an important role in the UK financial services sector, and the PRA is committed to supporting their long-term, sustainable growth and ability to compete effectively alongside other firms. In the P…

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July 22, 2026 8:39 AM GMT

Norway’s national oil company profits double to $11.5bn amid war on Iran

Profits at Norway’s state oil company nearly doubled to $11.5bn (£8.6bn) in the three months to the end of June as the jump in oil and gas prices caused by the war against Iran boosted earnings.

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July 22, 2026 8:37 AM GMT

OpenAI says its models went rogue and hacked startup in ‘unprecedented incident’

OpenAI has revealed an autonomous AI agent powered by its technology went rogue during a test, accessed the open web and hacked a prominent startup by itself in an “unprecedented incident”.

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July 22, 2026 7:45 AM GMT

Burnham announces bus fares across England to be capped at £2

Single bus fares across England will be capped at £2 from January, Andy Burnham has announced, as he continues a cost of living blitz in his first week as prime minister.

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