An influential group of MPs has demanded that Meta outline its track record responding to requests to remove damaging content from finfluencers, after the Financial Conduct Authority (FCA) named the Facebook and Instagram owner as the sector’s worst offender. Chair of the Treasury Committee Meg Hillier issued a letter to the social media giant earlier…

Rosebank Industries, the investment vehicle led by Melrose founder Simon Peckham, has struck a £1.4bn deal for a North American electrical components business. The acquisition of Electrical Components International (ECI), the company’s first, will be financed through debt facilities and a £1.14bn capital raise at an issue price of £3 per share. Peckham, a veteran…

Labour is exploring a new national, universal digital ID card for every adult in the UK to tackle illegal migration. The ID is being tentatively branded as ‘Britcard’, and could be downloaded onto a smartphone in the shape of a “free verifier app”.  Plans for the digital ID were laid out in detail by the…

The chairman of Reform UK has quit his position, saying working to get the party elected was no longer “a good use of my time”. Zia Yusuf’s decision follows a row in which he described a question to the Prime Minister concerning a ban on burkas from his party’s newest MP as “dumb”. Announcing his…

British Airways owner IAG is set to become the latest FTSE 100 company facing a shareholder revolt over pay awards to its top execs. Influential proxy adviser ISS has urged IAG investors to vote against a remuneration policy which includes a one-off share award for CEO Luis Gallego, at the group’s next annual general meeting…

Nintendo Switch 2 launches globally with midnight openings and record pre-orders. But will its steep game prices and limited launch titles affect long-term success? Read more: Nintendo Switch 2 launches at midnight as fans queue worldwide

Arts leaders warn that Labour’s proposed changes to the Access to Work scheme could push disabled people out of employment. More than 2,500 sign open letter to DWP and DCMS. Read more: Labour’s Access to Work reform plans ‘risk excluding disabled people from the workforce’, say arts leaders

Concerns mount that Tata Steel may be excluded from Keir Starmer’s proposed US-UK steel trade deal due to origin rules, potentially threatening over $100m in annual exports. Read more: Fears grow that Tata Steel could be excluded from Starmer-Trump trade deal

HMRC confirms £47 million was stolen in a major phishing scam targeting 100,000 online accounts. Criminals posed as taxpayers to falsely claim rebates. Arrests have been made. Read more: HMRC scammers stole £47m in phishing fraud targeting 100,000 taxpayer accounts