UK pornography taskforce to propose banning ‘barely legal’ content after Channel 4 documentary airs
Tesla’s UK sales fall almost 60% in July as BYD surges; Neil Woodford fined and banned over fund collapse – business live
Just in: Sales of Teslas in the UK more than halved, year-on-year, in the UK last month as the electric carmaker’s struggles continue.Industry body data just released shows that just 987 new Teslas were registered in the UK in July, almost 60% less than the 2,462 registered in July 2024. This means Tesla’s UK market share shrank to 0.7% in July, from 1.67% a year ago
Neil Woodford and his investment firm fined almost £46m over fund failings
The former UK star stock picker Neil Woodford and his investment management company have been fined almost £46m by the UK’s financial regulator over the collapse of his popular equity fund.The Financial Conduct Authority (FCA) has given Woodford a penalty of £5.89m and banned him from holding senior manager roles and managing funds for retail investors and fined Woodford Investment Management (WIM) £40m.The penalties are for failures in their management of the Woodford Equity Income Fund (WEIF), which collapsed in October 2019 after investors, including many ordinary retail customers, rushed to withdraw money in response to the poor performance of a number of company investments, including some hard-to-sell illiquid assets.The value of the fund fell from a high of more than £10
Tesla board awards $29bn of shares to Elon Musk
Tesla’s board has approved the award of $29bn (£22bn) worth of shares to its chief executive, Elon Musk, after a US court ruled against a previous pay deal for the world’s richest person.Musk will pay $2bn to buy 96m shares in the electric carmaker at the same price per share as a 10-year pay package agreed in 2018, which is stuck in legal limbo awaiting a court date for an appeal. The award was based on a recommendation from a “special committee” of the board.The announcement in a financial filing was accompanied by a shareholder letter from two members of the committee, Robyn Denholm, Tesla’s chair, and Kathleen Wilson-Thompson.It described the award as a “good faith” payment to Musk after the previous pay deal, worth $56bn, was rescinded in 2024 by a judge in Delaware, where the company was incorporated until June that year
Social media battles and barbs on both sides of Atlantic over UK Online Safety Act
The UK’s Online Safety Act has been greatly anticipated. Amid mounting concerns about the ease of accessing harmful content online, rules were drawn up to force social platforms to protect children from posts and videos that incite hatred or encourage suicide, self-harm or eating disorders.But within days of coming into force, the new approach to keeping children safe online had become a rallying point for the right in both Britain and the US.Last week Nigel Farage, leader of the populist Reform UK party, was embroiled in a furious row with a Labour government minister after pledging to repeal the legislation.Meanwhile Republicans held meetings with UK politicians and the communications regulator, Ofcom
TNT Sports secures live rights to England’s Ashes series in Australia
England’s attempt to regain the Ashes this winter will be broadcast live in the UK by TNT Sports. After agreeing a one-year deal with Cricket Australia over the weekend TNT now has the rights for all of England’s winter tours, as the broadcaster had deals in place to cover white-ball series in New Zealand and Sri Lanka either side of the Ashes.TNT’s predecessor, BT Sport, bought the rights for the past two Ashes tours so the new deal may be inauspicious for Ben Stokes’s side as their viewers have not seen England win a single game. England have lost 13 of the past 15 Tests they have played in Australia, which shows the size of the task for the touring side this winter.TNT has increasingly become the home of England’s winter cricket deals in recent years and has long-term rights in place with New Zealand, West Indies and Pakistan, as well as securing a late deal to cover England’s five-Test series in India last winter
The sacking of Simon Goodwin was ruthless but the right call for the Demons | Martin Pegan
Simon Goodwin will forever remain in Melbourne folklore as the coach that broke the curse – the coach that finally followed in the footsteps of club great Norm Smith when he helped end almost six decades of misery with a fairytale premiership. For now, Goodwin is one of only four coaches to lead the Demons to a VFL/AFL flag. But the one-time powerhouse club is right to look forward rather than backward, in the hope of finding the next coach to take it to the promised land.Melbourne’s decision to sack a premiership-winner is among the most ruthless the AFL has seen in recent years. It has become all too common for head coaches to be given extra time, whether to build a team from the ground up or to turn around an unexpected decline
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