Energy price cap in Great Britain to rise by 13% from July
Posted on Wednesday May 27, 2026

Average gas and electricity bill to jump to £1,862 a year from July until end of September, in part because of Iran war

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Households will face the steepest summer rise in energy charges in four years after months of soaring market prices caused the government’s energy price cap for Great Britain to climb by 13%.

Under the cap the average gas and electricity bill will increase to the equivalent of £1,862 a year from July until the end of September to take account of the rise in global energy market prices caused by the war on Iran, up from £1,641 a year in April to June.

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Flying Tiger snapped up by Modella Capital amid fears for its future
Posted on Wednesday May 27, 2026

UK private equity investor with reputation for hard-nosed restructuring says it is backing existing management

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Flying Tiger is the latest retailer to be snapped up by Modella Capital, the British investment firm which already owns the former high street arm of WH Smith, now called TG Jones.

The Danish company, known for its cut-price homewares and craft kits, operates about 1,000 stores worldwide, including 80 in the UK, where it employs more than 1,000 people.

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Manchester United take £22m hit from sacking of Ruben Amorim
Posted on Wednesday May 27, 2026

On-pitch performance and cost-cutting help to halve pre-tax losses to £18m in the first nine months of the year

Manchester United have taken a £22m hit from the sacking of their former manager Ruben Amorim but cut their losses in half thanks to improved performance on the pitch and the cost-cutting zeal of the co-owner Jim Ratcliffe.

United’s successful pursuit of Champions League football under Michael Carrick drove a 57% rise in broadcast income during the third quarter of the financial year to nearly £65m, as more of the club’s games were picked for TV.

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Why is Ferrari facing such a backlash to its first electric car?
Posted on Wednesday May 27, 2026

The Italian marque has broken with the past with its four-door, €550,000 Luce and traditionalists are furious

Ferrari is different from other carmakers, and so are its product launches. So revered is the company in its native Italy that among the first people to sit behind the wheel of its first electric vehicle were the country’s president, and the pope.

Yet judging by the backlash from investors, some critics and – inevitably – a horde of online commenters, the sportscar manufacturer may need help from a higher power if it is to win over its traditional fanbase.

The Luce (pronounced “loo-chey”, Italian for “light”) is priced for the super-wealthy, at €550,000 (£476,000), with an electric motor for each wheel and the ability to get from zero to 100km/h in 2.5 seconds. But the design, led by the former Apple executive Jony Ive, has proven controversial. It is certainly unlike any Ferrari has made before.

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Nasa selects Jeff Bezos’s Blue Origin for first of three uncrewed lunar missions
Posted on Tuesday May 26, 2026

Three lunar landings are planned for this year in preparation for the construction of a $20bn moon base

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Nasa announced on Tuesday ambitious plans for three uncrewed lunar missions this year to kickstart construction of a $20bn moon base, and said it had chosen the Amazon founder Jeff Bezos’s Blue Origin, ahead of Elon Musk’s SpaceX, to conduct the first.

The revelation by Nasa’s administrator, Jared Isaacman, at a press conference in Washington DC marked the first detailed public explanation of how and when the moon base will be built.

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Samsung memory chip staff in line for £310,000 bonuses after AI profit-sharing deal
Posted on Wednesday May 27, 2026

Agreement averts strike and shows latest impact of AI boom as two more chipmakers join $1tn club

Employees at Samsung Electronics’ memory chip division are to receive bonuses averaging about £310,000 each through a landmark profit-sharing agreement, as the AI boom drives up chipmakers’ profits.

Fears of a strike at Samsung were averted on Wednesday after two unions for the world’s largest memory chipmaker said 74% of the 62,616 workers who cast their votes had backed the deal.

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French Open 2026: Rybakina out, Swiatek and Djokovic advance on day four – live
Posted on Wednesday May 27, 2026

Updates from the fourth day’s play at Roland Garros
Gauff: no apology from Australian Open for racket clip
Monfils bows out for last time | Mail Daniel

Khachanov saves another break-back point but Trungelliti earns another and they swap loopy, high-bouncing forehands … until the underdog tries a drop. Khachanov hares in to return it but cedes initiative in the process, and though he then has a chance to finish the rally with a forehand, he overhits, and we’re back level at 5-5, Trungelliti saluting the crowd and enjoying his morning.

Bencic, serving at 40-15, comes in to meet a loopy return, and though she doesn’t finish the point, Mcnally dumps her riposte, and that concludes a 6-4 set, taken by the no 11 seed.

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Arteta ready to take final step on Arsenal’s 20-year journey to redemption
Posted on Wednesday May 27, 2026

Two decades of disappointment followed Parisian nightmare of Lehmann, Eto’o and all that, but now a first Champions League title is in sight

They left London in their thousands, full of hope and devotion, heading for Paris in the springtime, yet romantic anticipation lasted all of 18 minutes, which was when Arsenal’s goalkeeper, Jens Lehmann, was sent off in the 2006 Champions League final against Barcelona at the Stade de France.

Twenty years on, as Arsenal fans again travel in anticipation, this time to Budapest, for the club’s second Champions League final, you could argue that Arsenal hearts have been a little broken ever since.

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