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Richard Desmond Loses £1.3bn Legal Battle Over National Lottery Licence

Richard Desmond loses £1.3bn damages claim after legal battle over the national lottery licence awarded to Allwyn, with the court ruling the Gambling Commission's process was lawful.

2 min read

UK Banks to Access Anthropic’s Mythos AI Amid Finance Leaders' Security Concerns

UK banks will soon access Anthropic’s Mythos AI tool, raising concerns among finance leaders about cybersecurity risks and regulatory challenges amid global tensions.

4 min read

Netflix Co-founder Reed Hastings to Leave Board After 29 Years

Netflix co-founder Reed Hastings will step down from the board in June after 29 years. The company maintains its growth plans despite losing the Warner Bros acquisition bid.

3 min read

Finance Leaders Voice Serious Concerns Over Anthropic's Mythos AI Model

Finance ministers and bankers express serious concerns over Anthropic's Mythos AI model, which exposes critical cybersecurity vulnerabilities in financial systems. Early access is granted to test defenses ahead of public release amid warnings of potential cybercrime risks.

3 min read

Netflix Co-founder Reed Hastings to Step Down as Chairman After Nearly 30 Years

Netflix co-founder Reed Hastings will step down as chairman after nearly 30 years, amid strong Q1 2026 revenue growth and strategic shifts following a failed Warner Bros bid.

3 min read

Next CEO Simon Wolfson Earns Record £7m, Salary and Bonuses Set to Rise

Next CEO Simon Wolfson earned a record £7.4m last year, with salary and bonuses set to rise amid strong company performance and increased profit guidance.

3 min read

PepsiCo Boosts Sales with Lower Prices on Doritos and Lays Snacks

PepsiCo's price cuts on Doritos and Lays boosted Q1 sales by 8.5% to $19.4bn, with a 25% rise in operating profit. The strategy targets affordability and portion control amid changing consumer habits.

2 min read

Retailers Criticize SNP's Proposed Food Price Cap as a 'Gimmick'

SNP leader John Swinney proposes capping prices on essential foods using devolved powers, sparking criticism from retailers and concerns for smaller shops. The SNP frames it as a public health measure amid rising living costs and food poverty.

4 min read

DHL Workers at Jaguar Land Rover Vote for Indefinite Strike Over Pay Dispute

Up to 300 DHL workers at Jaguar Land Rover's Solihull plant have voted to start an indefinite strike on 7 May over pay disputes, with DHL drivers also voting to strike. Unite calls on DHL to present a fair pay offer.

2 min read

Europe Faces Jet Fuel Shortage Risk as Strait of Hormuz Closure Hits Supplies

The IEA warns Europe has about six weeks of jet fuel left due to the Strait of Hormuz closure, risking shortages and flight cancellations if imports from the Middle East are not sufficiently replaced.

3 min read

Rising Fuel Costs Threaten Viability of Fishing in South-West England

Fishermen in south-west England warn that rising diesel prices, nearly doubling since January, threaten the viability of going to sea as fuel costs outpace fish prices, squeezing profit margins and causing financial strain across the industry.

3 min read

EasyJet Forecasts Profit Hit as Iran Conflict Raises Fuel Costs and Delays Bookings

EasyJet warns that the Iran conflict has increased fuel costs by £25m and delayed bookings, leading to an expected pre-tax loss of up to £560m for six months to March.

3 min read