A landmark review by the FCA urges ministers to enhance the City regulator's powers to manage AI risks in financial services. While AI offers benefits like increased accessibility, it also poses risks of fraud, cyber threats, and consumer harm. The review recommends expanding regulatory authority over critical third parties and tech companies.
Axel Springer CEO Mathias Döpfner aims to transform The Daily Telegraph into a global brand, with a primary focus on expanding into the US market. This ambitious plan faces significant financial and strategic challenges in the competitive American media landscape.
The UK's public EV charger installation rate has slowed to 10% in H1 2026, down from over 40% in 2024. This slowdown, driven by cost pressures and uncertainty over government sales targets like the ZEV mandate, threatens the 2030 goal of 300,000 chargers.
Ocado CEO Tim Steiner will step down in 2028 after co-founding the online grocer in 2000. He will remain CEO until the 2028 financial year and then serve in a "founder role" until 2029. The announcement follows speculation about leadership changes and a slump in the company's share price.
EasyJet has agreed in principle to a potential £5.2bn takeover offer from US investment firm Castlelake. The airline, which previously rejected four bids, is considering a proposal worth £6.90 per share. Regulatory approvals and a shareholder vote are still required.
Camra, an ale enthusiasts' club, has asked the Competition & Markets Authority (CMA) to investigate big brewers for allegedly misleading drinkers about 'craft' credentials and geographical origin. The group claims multinational breweries use anti-competitive tactics to sideline smaller rivals, impacting consumer choice and quality.
