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And the Financial Times reports that senior executives at media giant Disney led an “insurrection” against chief executive Bob Chapek that led to him being ousted and his predecessor, Bob Iger, being reappointed to the role. The paper says Mr Chapek lost the confidence of other senior executives during a tumultuous 33-month tenure and that confidence in Mr Iger among investors saw Disney shares rally by as much as 10% on Monday.

Financial Times Front Page 9th of July 2025

The Office for Budget Responsibility warns that Britain’s mounting debt poses a daunting challenge to public finances, fuelling worries over economic resilience and tugging sterling lower while gilt yields climb amid calls to consider higher taxes.

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