City watchdog sues Neil Woodford for allegedly offering unauthorised investment advice
Posted on Monday June 08, 2026

Move comes months after the FCA announced plans to ban the former investment star from holding senior City roles after collapse of popular equity fund

The UK financial regulator is taking legal action against the former investment star Neil Woodford for allegedly offering unauthorised investment advice online, months after announcing plans to ban him from the City.

The Financial Conduct Authority said it was seeking an injunction against Woodford and W4.0, a United Arab Emirates-registered company, to stop them carrying out “potentially unlawful activities”.

Read more...

Nationwide nearly doubles CEO’s pay packet to £4.7m despite bonus row
Posted on Monday June 08, 2026

Debbie Crosbie receives £3.2m in bonuses after mutual building society’s takeover of Virgin Money

Nationwide building society has nearly doubled the pay packet of its chief executive, Debbie Crosbie, a year after the board pushed through a controversial bonus scheme for its top boss.

The mutual, which is owned by its members, released its annual report on Monday, showing Crosbie was handed £3.2m in bonuses – a combination of payouts for annual and longer-term performance – up from £1.1m a year earlier.

It pushed her overall pay packet to £4.7m for the year to March 2026, marking an 88% jump on the near-£2.5m she earned for the previous year.

Read more...

Stock markets fall as concerns persist over tech firms at heart of AI boom
Posted on Monday June 08, 2026

Drops follow sharp sell-off of US tech stock last week while oil prices seesaw after Iran and Israel exchange strikes

• Business live – latest updates

Stock markets have fallen amid concern about the prospects for tech stocks, while oil prices have risen after renewed conflict in the Middle East dampened hopes that the strait of Hormuz would soon reopen.

Markets in Asia and Europe fell on Monday after a sharp sell-off in US tech stocks late last week, as investors fretted over how firms at the forefront of the artificial intelligence boom would fund their “eye-watering” spending plans.

Read more...

Unions attack ‘year-long delay’ for Tata Steel furnace’s grid connection in south Wales
Posted on Monday June 08, 2026

Government urged to help speed up vital industrial project amid growing alarm over National Grid delays

• Business live – latest updates

Trade unions have called for the government to intervene to speed up Tata Steel’s connection to the electricity grid in south Wales, after the company said its new furnace would be delayed by up to a year.

Tata Steel last month told investors that National Grid had said it would face a six- to eight-month delay. That could stretch to 12 months amid unexpected engineering difficulties.

Read more...

Ofcom warns social media firms over online abuse during World Cup
Posted on Monday June 08, 2026

• Regulator will monitor measures taken by companies

• ‘Spikes have often targeted Black and minority ethnic players’

Ofcom has written to social media companies to remind them of their responsibilities regarding online abuse and said it will monitor measures taken against “illegal hate content” during the World Cup.

After the experience of England players during the men’s 2021 European Championship and the women’s Euros last year, Ofcom has urged online platforms to make sure they have effective mitigations against abuse in place and that they are “adequately prepared for increased occurrence during the World Cup”.

Read more...

Starmer gives tech firms ultimatum to block explicit images on children’s phones
Posted on Monday June 08, 2026

Companies such as Apple and Google have until September to install software or face legislation, says PM

• UK politics live – latest updates

Apple and Google have been given until September to install software that blocks explicit images on children’s mobile phones or face legislation enforcing its requirement, Keir Starmer said on Monday.

The prime minister said tech companies must activate nudity-detection algorithms or other technical solutions on smartphones and tablets to prevent users taking photos or sharing images of genitalia unless they are verified as adults.

Read more...

World Cup 2026: Norway label Scotland ‘unprofessional’, Somali referee denied entry to US: football news – live
Posted on Monday June 08, 2026

• Tuchel criticises England’s ‘freestyle’ approach

• Player guide | Bracketology | Wallchart | Mail Will

If you think Messi is knocking on a bit, he’s not even one of the 10 oldest players at the 2026 World Cup. Modern science, eh.

FIFA published the top 20 last week and it’s an early win for Scotland.

Read more...

Dramatic French Open cannot disguise how top men’s players failed to seize golden opportunity | Tumaini Carayol
Posted on Monday June 08, 2026

Zverev took his chance but a lack of top 10 challengers in Paris raises more questions about the strength in depth below Alcaraz and Sinner

Félix Auger-Aliassime has long been one of the more measured and reflective players on the ATP Tour. He is desperate to achieve his potential, but the Canadian also understands that improvement is often a long process and remaining patient is essential.

That is what made his reaction to defeat at the French Open so striking. As the fourth seed reeled from his desperate quarter‑final loss against Flavio Cobolli, fully conscious of the fact that he had missed a great opportunity, Auger‑Aliassime was as distraught in public after a defeat as he has ever been. His patience had run out.

Read more...