On April 9, 2025, a United Launch Alliance Atlas V rocket scheduled to carry the first batch of Amazon’s Project Kuiper internet network satellites was forced to cancel its launch due to unfavourable weather conditions. Stubborn cumulus clouds and persistent winds posed significant risks, making liftoff impossible within the available timeframe. The initial launch was […]

Recent reports suggest that Apple is taking decisive action to avoid the significant tariffs imposed on Chinese imports by relocating its iPhone manufacturing operations to India. The tech giant has reportedly chartered cargo flights to transport around 600 tonnes of iPhones—equivalent to about 1.5 million handsets—from its Indian facilities to the United States since March. […]

In a significant move impacting the film industry, China has announced plans to limit the number of American films permitted to screen within its borders. This decision follows the imposition of a staggering 125% tariff on Chinese imports by US President Donald Trump, a move that has prompted a retaliatory response from Beijing. The China […]

The European Union has put a hold on its proposed 25% tariffs on US goods for a period of 90 days following a dramatic reversal by Donald Trump. Ursula von der Leyen, the president of the European Commission, announced that the EU will suspend its retaliatory measures, valuing approximately €21 billion, which were set to […]

Barclays has become the latest high street lender to slash its mortgage rates, now offering fixed rates below 4 percent. The bank’s move marks a significant shift in the lending landscape following President Trump’s tariff announcement, which sent markets into turmoil. Currently, Barclays is offering competitive two-year and five-year fixed rates at 3.99 percent for […]

A British start-up known as Wayve has made significant strides in the autonomous vehicle sector by securing a partnership with global car manufacturer Nissan. This agreement, which will see Wayve’s innovative self-driving software installed in Nissan cars from 2027, positions the company as a prominent player in the increasingly competitive field of automated driving solutions. […]

The boss of Tesco has issued a stark warning regarding an escalating price war among UK supermarkets, forcing the country’s largest grocer to implement significant cost-cutting measures and revise its profit forecasts for the year. Following recent pledges from competitors, including Asda, to significantly slash prices, Tesco’s shares fell by 6 per cent as Chief […]

A hedge fund spearheaded by Hamza Lemssouguer, a former trader from Credit Suisse, has committed to lending £598 million to the Very Group, owned by the Barclay family. This significant financing is aimed at refinancing existing debt and enhancing the retailer’s financial structure ahead of a potential sale. The funds provided by Arini Capital will […]

Volkswagen has reported a staggering 40 per cent drop in profits for the first quarter of the year, significantly missing market expectations. The decline follows the decision to set aside over €1 billion to cover restructuring costs and potential penalties related to emissions targets. The automotive giant’s operating profit fell from €4.6 billion in the […]

Prada has announced its acquisition of Versace in a landmark deal valued at €1.25 billion This agreement marks a significant moment in the luxury fashion sector uniting two of Italy’s most iconic brands under one roof The acquisition is seen as a strategic move for Prada which aims to enhance its portfolio through Versace’s distinctive […]

Cristiano Ronaldo has entered the film industry through a partnership with British producer Matthew Vaughn. This venture represents the football superstar’s first significant step into the world of cinema, combining his global brand with Vaughn’s expertise in action filmmaking. The collaboration is officially named UR Marv and aims to merge traditional filmmaking techniques with innovative […]

US equity markets resumed their sharp downturn, plunging after a brief midweek rally. Investors reacted negatively to President Trump’s inconsistent trade tariff policies, leading to a significant drop in major indices. The broadly-based S&P 500 fell by 3.5 per cent to close at 5,268.05, marking its worst performance in over a week. Concurrently, the technology-heavy […]

Concerns are mounting regarding Britain’s Aukus security pact with Australia and America as sweeping US tariffs threaten to complicate the production of crucial submarines. A senior Democrat has expressed that the new levies could significantly increase costs and hinder timely production. Tim Kaine, the Democratic Senator for Virginia and a member of Senate committees on […]

Britain stands on the brink of facing permanent tariffs of 10 per cent on exports to the United States, even if an economic deal is successfully secured with President Trump. Senior advisers to the president have indicated that negotiations are underway with 20 countries, including the UK, with some nations nearing completion of trade agreements. […]

Brent crude oil prices plummeted below $60 a barrel, marking a significant drop not seen since April 2021. The decline has been attributed to widespread fears regarding a slowdown in global demand, exacerbated by ongoing trade tensions. On Wednesday, prices fell by as much as 5.2 per cent to hit $58.46 a barrel, only to […]

The Bank of England has issued a stark warning regarding the potential fragility of the UK economy, highlighting significant risks prompted by global events. According to the financial policy committee, the stock market is currently facing the possibility of sharp corrections due to escalating uncertainties. This heightened risk environment is attributed to a myriad of […]

In an evolving landscape for international rail travel, competition on the high-speed Channel tunnel line is poised to drive down fares significantly. With three rival train operators gearing up to launch services by 2029, the anticipated shift could result in ticket prices dropping by as much as a third. This development comes as Italy’s state […]

The NHS is embarking on a significant initiative aimed at removing up to 300,000 patients from its waiting lists in an effort to streamline operations and enhance patient care. This move is part of a broader strategy to eliminate unnecessary appointments while ensuring that patients receive the most appropriate treatment in a timely manner. Under […]

Donald Trump has revealed a 90-day pause on tariffs affecting most countries, with the notable exception of China. In a significant escalation of trade tensions, Trump announced that tariffs against China have been raised to 125%, a move that underscores his administration’s assertive stance on international trade. In a press briefing, White House press secretary […]

The economic repercussions of rising tariffs on apparel sourced from overseas loom large for retail giants like JD Sports, Nike, Adidas, and New Balance. With US tariffs climbing to over 40% on imports from countries such as Vietnam and Cambodia, these brands face a critical juncture in their supply chain management and pricing strategies. JD […]

In a significant development amid ongoing trade tensions, the European Union has opted to remove plans for imposing retaliatory tariffs on American bourbon. This decision follows intense lobbying efforts from various EU member states, particularly emphasised by the whiskey-producing nation of Ireland and renowned wine nations including Italy and France. The discussions within the EU, […]

Researchers have uncovered an effective method to enhance the flavour of pour-over coffee without the need for more beans or expensive filters. By pouring water slowly, steadily, and from a notable height, coffee enthusiasts can significantly improve the strength of their brew. Pour-over coffee has become a daily ritual for many, yet it often lacks […]

The future of British Steel hangs in the balance as Prime Minister Keir Starmer and Chancellor Rachel Reeves explore the potential nationalisation of the Scunthorpe plant, a facility pivotal for UK rail infrastructure. This move arises from the pressing urgency to safeguard the nearly 3,500 jobs at stake, with the plant currently under the ownership […]

Donald Trump is set to escalate his trade war with the world, announcing a range of steep tariffs on the United States’ largest trading partners. This development comes despite widespread concerns over potential economic ramifications. As part of his aggressive trade strategy, the US president confirmed the imposition of tariffs on Chinese imports that amount […]

Recent turmoil in global financial markets has created expectations that mortgage lenders in the UK will soon cut their fixed mortgage rates. The immediate cause of this shift is the fallout from President Trump’s global tariffs, which have caused significant fluctuations and uncertainties in stock markets. Smaller lenders, such as MPowered Mortgages, have already begun […]

Recent developments in the satellite internet sector have raised questions about Oneweb’s ability to compete against its formidable rival Starlink. Following a tumultuous history, Oneweb is now positioned under the ownership of Eutelsat, a move aimed at stabilising its finances and advancing technology. However, ongoing challenges are resurfacing as investors consider the implications of international […]

UK Government Accelerates Clinical Trials and Improves Access to NHS Data The United Kingdom government has unveiled ambitious plans aimed at enhancing the speed of clinical trials and facilitating greater access to NHS data for medical research. This initiative marks a significant shift in approach, promising improvements that may benefit patients through quicker access to […]

A former standout in the Aim junior share market has issued a profit warning following a significant loss of client mandates. Impax Asset Management, known for its commitment to sustainable investments, revealed that it faced a challenging quarter as clients, including St James’s Place, have pulled a net £7.7 billion from its management during the […]

Two of America’s leading financiers have issued strong warnings to President Trump regarding his aggressive stance on tariffs. Jamie Dimon, the chief executive of JP Morgan Chase, has expressed concern that these tariffs could escalate inflation and heighten the risk of recession in his annual letter to shareholders. Dimon pointed out the potential long-term economic […]

The high yield corporate bond market is in a precarious position as recent fears of increased tariffs have sent investors rushing to liquidate their assets. Barclays has issued a stark warning that the market is at risk of capitulating, following what has been described as the worst sell off since the pandemic. Analysts at Barclays […]

China’s currency has depreciated to a 20-month low in response to escalating trade tensions with the United States. The renminbi, which is subject to a fixed trading range set by the central bank, recently fell to a reference of 7.2038 against the dollar. This significant decline has been interpreted as a strategic move during an […]

London has fallen from grace as one of the world’s wealthiest cities, experiencing a notable exodus of high earners over the past year. The UK capital has lost 11300 dollar millionaires, a percentage decrease that only Moscow can rival. According to a recent report by advisory firm Henley & Partners, the city now hosts 215700 […]

On 7 April 2025, former President Donald Trump issued a stark warning to China, threatening to impose an additional 50 percent tariff on imports unless Beijing rescinds its retaliatory tariffs by 8 April. This ultimatum comes on the heels of a significant escalation in the ongoing trade conflict, with both nations implementing substantial tariffs that […]

Keir Starmer has announced a series of significant measures aimed at bolstering the car and pharmaceutical sectors as the UK grapples with a shifting global landscape following Donald Trump’s imposition of tariffs. During a visit to the Jaguar Land Rover factory in Solihull, Starmer characterised the current economic climate as one of profound uncertainty, highlighting […]

A significant debate has erupted within the renewables industry regarding the UK government’s proposal to permit offshore wind farm projects that have not yet secured planning consent to compete for subsidy contracts. This controversy follows the government’s assertion that the adjustments could potentially reduce costs for consumers and enhance competition in the renewable energy sector. […]

Brighton is set to transform its electric vehicle charging infrastructure with a landmark investment that positions the city as a leader in on-street recharging across the UK. The local council has placed an order for 6,000 lamppost charging points, marking the largest single initiative in Britain aimed at enhancing facilities for electric vehicles. This ambitious […]

The Russian invasion of Ukraine has fundamentally altered the investment landscape for venture capitalists, as they increasingly view the defence sector as both ethically responsible and necessary for national security. Dame Fiona Murray, vice-chair of the Nato Innovation Fund, has articulated this emerging trend, highlighting a growing conviction among investors regarding the importance of defending […]

House prices in the UK fell unexpectedly in March as many purchases failed to complete prior to the end of the stamp duty holiday. Halifax, one of the country’s largest mortgage lenders, estimated that average house prices declined by 0.5 per cent compared to February. The average house price across the nation now stands at […]

Alastair King, the Lord Mayor of London, has found himself under intense scrutiny following his provocative campaign aimed at revising tax benefits associated with cash ISAs. His suggestions have sparked a divisive reaction within the financial services sector, raising concerns over the potential implications for savers and lenders alike. In recent discussions, bankers and building […]

Bill Ackman a prominent figure in finance and one of Donald Trumps key supporters has urged for a 90-day pause in the ongoing trade war. This call comes amidst warnings that the global economy is heading towards what Ackman describes as an economic nuclear winter unless significant changes are made. As the chief executive and […]

The hedge fund industry is facing increased pressure to adapt its fee structures, with close to half of all hedge funds now contemplating reductions in their charges. This shift comes in light of several years characterised by less than stellar investment returns and a noticeable decline in client inflows. A recent survey conducted by IG […]

The ongoing turmoil in global equity markets has intensified, with significant losses recorded across major indices. The sell-off deepened as concerns regarding a potential recession are amplified by the rising tension over trade tariffs. The S&P 500 opened sharply lower, reflecting a drop of 4.65 per cent after enduring a staggering 6 per cent decline […]

The UK Statistics Authority has mandated the Office for National Statistics (ONS) to swiftly address concerns surrounding the reliability of its data. This directive follows a series of criticisms regarding the quality of important statistics that have emerged post-pandemic. In recent months, the ONS has faced intense scrutiny from various economic entities, including the Bank […]

The price of gold has unexpectedly fallen further after reaching record highs last week, as investors were compelled to sell off the precious metal to cover losses in other areas of their portfolios. This decline comes on the heels of significant market upheaval triggered by recent tariff announcements from the United States. Gold had garnered […]

The international money transfer platform Wise is currently engaging in discussions with its shareholders regarding the potential for the company to secure a spot in the FTSE 100 index. This move would require Wise to amend various aspects of its articles of association and gain necessary approval from the Financial Conduct Authority. With a market […]

Global financial markets have been thrown into disarray as Donald Trump’s escalating trade war has knocked trillions off the value of the world’s largest companies while intensifying fears of a recession in the United States. Economists estimate that tariffs ranging from 10% to 50% have significantly heightened the risk of a global economic downturn. The […]

UK ministers are intensifying negotiations to secure a trade deal with Donald Trump’s administration following the announcement of sweeping 10% tariffs on British exports to the United States. Official sources have indicated that talks are at an advanced stage, suggesting that the broad outlines of an agreement may soon be established. This renewed emphasis on […]

European leaders have reacted with condemnation in the wake of Donald Trump’s decision to impose significant tariffs, labelling the move as “fundamentally wrong” and recognising the immense difficulties it poses for Europe. French President Emmanuel Macron described the tariffs as “brutal and unfounded.” He hinted at the possibility of suspending French investments in the United […]

Marks & Spencer’s beloved Percy Pig sweets may encounter significant hurdles in the US market as escalating tariffs introduced by Donald Trump threaten to impact their sales. The pink confectionery, which has captivated consumers both in the UK and internationally, recently launched in Target stores across the United States, branded as Percy’s ‘biggest journey to […]

Cross-Channel train services are set to become more affordable to operate under a new proposal aimed at enhancing international rail travel from the United Kingdom. London St Pancras Highspeed (LSPH), which manages the railways and stations connecting the capital to the Channel Tunnel, has announced plans to significantly reduce charges for operators planning new routes. […]

Research indicates that more than one million cars sold in the UK each year are larger than typical urban parking spaces. This growing trend highlights a concerning mismatch between vehicle size and available parking, contributing to challenges within towns and cities. According to findings from the Clean Cities campaign network, a staggering 4.6 million oversized […]

The Co-operative Group has revealed plans to open at least 120 new grocery shops this year after witnessing a remarkable surge in profits. The mutual, which operates more than 2000 convenience shops and owns at least 800 funeral parlours, reported an impressive rise in profits from £28 million to £161 million for the year ending […]

A proposed megafarm in Norfolk that aimed to rear 870,000 chickens and 14,000 pigs at a time has been unanimously rejected by local councillors due to environmental concerns. The application, submitted by Cranswick plc, would have established one of the largest industrial poultry and pig units in Europe. The decision was driven by overwhelming public […]

Plans to overhaul the electricity market across England, Wales, and Scotland are under scrutiny, as recent research indicates that the proposed changes could pile an additional £3 billion onto household energy bills each year until the 2040s. This alarming projection comes from the UK Energy Research Centre (UKERC), which is backed by government funding. The […]

In a groundbreaking initiative aimed at addressing a multitude of social and health-related issues, an ambitious scheme is set to deploy an army of health workers door-to-door across various regions of England. This approach is intended to alleviate the increasing reliance on the National Health Service (NHS), which is currently facing a crisis compounded by […]

Economists caution that the recent increase in US tariffs could plunge the UK European Union and various Asian economies into recession. The White House has raised average tariffs from 2.5% to over 25% the highest level seen since the 1920s. This monumental shift has led analysts to revise their forecasts for global growth and inflation […]

Volkswagen has announced plans to introduce an import fee on vehicles shipped to the United States. This decision comes as a direct response to President Trump’s 25 per cent tariffs which are set to affect a substantial portion of imported vehicles and car parts annually. As part of its strategy, the German carmaker is temporarily […]

One of Britain’s largest private companies has unveiled plans to significantly expand its manufacturing capabilities in the United States. JCB, a renowned maker of construction machinery, has announced an ambitious initiative to double the size of its new factory in Texas, now set to cover one million square feet. The move follows President Trump’s implementation […]

The ancient upland track known as the Harroway, believed to be the oldest road in Britain, is facing a significant shift as plans for a 259-acre solar farm are set to transform the landscape around Long Sutton. This stretch of the footpath, which has served travellers and pilgrims since at least 600BC, is now at […]

The number of working days lost due to respiratory illness has soared by nearly ten million since the pandemic, causing significant concern among employers and health authorities. According to data published by the Office for National Statistics ONS the number of days lost rose from six million in 2020 to 16 million in 2022. Charities […]

Recent analysis sheds light on a growing concern in the UK regarding young people aged between 16 and 24 who find themselves neither working nor engaging in education. This demographic, referred to as NEET (not in education employment or training), has seen numbers rise alarmingly, reaching nearly one million individuals. Most strikingly, a considerable number […]

In a recent development, the long-held myth surrounding the safety of Tunnock’s Tea Cakes during flight has been debunked. The RAF Centre of Aerospace Medicine conducted experiments to determine the validity of an alleged incident from the 1960s, where it was claimed that these beloved Scottish treats had exploded in the cockpit of a nuclear […]

Disney’s latest endeavour into live-action remakes has hit a significant bump in the road as the film Snow White is projected to incur a staggering loss of approximately £115 million. Following the trend of capitalising on beloved animated classics, this latest release has sparked widespread criticism and controversy, marking a sharp turn from the success […]

President Trump’s recent announcement of a comprehensive tariff strategy is set to radically disrupt the global trade order. This drastic measure will elevate the United States’ effective tariff rate to approximately 22%, the highest it has been since before the First World War. Analysts are already warning of potential detrimental effects on global economic growth. […]

The recent imposition of tariffs by President Donald Trump has sparked renewed fears regarding the UK’s economic stability. Analysts have warned that such measures could trigger a shift in economic policy, pushing the government to revisit its fiscal framework. Chancellor Rachel Reeves faces increasing pressure as independent economists have downgraded growth forecasts for the UK, […]

President Trump’s sweeping tariffs have caused upheaval in global financial markets, resulting in a dramatic reduction of over $2 trillion from the S&P 500 index. Notably, major US tech and consumer companies were among the hardest hit, with firms like Apple witnessing losses exceeding $300 billion in value. The turmoil escalated further with the FTSE […]

Some of the world’s largest car manufacturers and two prominent industry trade bodies have been penalised nearly £460 million for participating in a cartel related to vehicle recycling and advertising claims regarding environmental responsibilities. This action was taken following a coordinated investigation between the UK’s Competition and Markets Authority (CMA) and the European Commission. A […]

Investment in Britain’s vital life sciences sector is under threat due to a deteriorating commercial environment. Senior executives from major pharmaceutical companies, including Johnson & Johnson, are voicing concerns that the UK has become a challenging market for recognising innovation. This caution comes as the industry engages in heated negotiations with the British government regarding […]

The microcomputer manufacturer Raspberry Pi has recently reported a year marked by both challenges and achievements. Although the company faced significant market pressures, it managed to exceed profit expectations in its first year as a publicly listed entity. The overall sales performance has been affected by market conditions, primarily due to the ongoing geopolitical uncertainties […]

Novo Holdings, the controlling shareholder of Novo Nordisk, reported a remarkable annual performance despite facing a challenging global economic landscape. The investment company, which manages the assets of the Novo Nordisk Foundation, generated a total income and investment returns of €8 billion for 2024, significantly up from €4.2 billion the previous year. Of this impressive […]

The picturesque countryside of Wiltshire has been the unlikely backdrop for a remarkable corporate resurgence at Avon Technologies. Once nearing collapse, the company has transformed under the leadership of Chief Executive Jos Sclater and Finance Director Rich Cashin. Recent geopolitical events, notably the war in Ukraine, have significantly boosted defence spending across Europe, leading to […]

The UK’s leading sandwich maker Greencore has established a significant agreement in principle to acquire its competitor Bakkavor in a potential merger valued at £1.2 billion. This deal will merge two prominent suppliers that cater to major retailers including Tesco, Marks & Spencer, and Sainsbury’s, creating a formidable player in the food-to-go sector. The proposed […]

Tesla has reported a dramatic decline in vehicle sales during the first quarter, reaching their lowest point in nearly three years. Sales figures reveal a decline of 13%, dropping to 336,681 vehicles from 386,810 a year ago. This downturn has raised concerns as it marks the lowest sales recorded since the second quarter of 2022. […]

The co-founder of Ben & Jerry’s, Ben Cohen, is launching a bid to regain ownership of the famous ice cream brand after more than two decades under Unilever’s stewardship. Cohen, aged 74, and his co-founder Jerry Greenfield, also 74, established the company in 1978 in a petrol station in Vermont. In 2000, they sold the […]

Britain faces the prospect of lagging behind France in the race to construct artificial intelligence (AI) data centres, as highlighted by a senior Nvidia executive. David Hogan, the company’s European sales chief, emphasised that dwindling nuclear power capacity in the UK poses a significant challenge for developers striving to build advanced AI infrastructure. Electricity supply […]

Donald Trump is preparing to divest his £1.7 billion stake in the company that owns his social media platform Truth Social. Recent filings have revealed that the former US president has initiated plans to offload his shares in Trump Media & Technology Group, or TMTG, which saw its share price decline by 8% following the […]

Amazon has submitted a last-minute bid for TikTok’s US operations as the company faces a critical deadline for a possible sale, with the current ownership under scrutiny by the US government. Jeff Bezos, the founder and executive chairman of Amazon, is reportedly keen to enhance the retailer’s influence in the fast-evolving landscape of social media […]

Recent research has revealed that rising egg prices have led around a third of American consumers to cease their purchases of this breakfast staple. According to a study conducted by Clarify Capital, 34% of respondents indicated they have stopped buying eggs as costs have surged dramatically. The average price of a dozen eggs is now […]

The British government has announced a significant contract extension worth £165 million with the Italian defence company Leonardo. This agreement will enhance the maintenance operations of the Royal Navy’s fleet of 54 Merlin helicopters, signalling the UK’s commitment to bolstering its defence capabilities amid rising military expenditure plans. Leonardo confirmed that the contract extension would […]

Antler, one of Britain’s historic luggage brands, has reported significant sales growth, reaching global sales of £45 million for the year ending in February. This marks a notable increase of 13 per cent compared to the previous year, driven largely by a resurgence in travel and strategic international expansion. The UK market remains strong, benefiting […]

House prices in the UK have shown steady growth as buyers increased activity in March, propelled by the impending changes to stamp duty regulations. According to data from the high street lender Nationwide, the average price of a home rose by 3.9 per cent year-on-year to £271316, although it remained unchanged from February. The looming […]

The founders of Icen Risk, Robert Brown and Dawn Bhoma, are poised to receive substantial financial rewards after negotiating the sale of a 49% stake in their firm to Zurich Insurance Group. This transaction values Icen Risk at approximately £150 million, marking a remarkable achievement for the insurance start-up that has only been in operation […]

Europe is experiencing yet another pivotal moment reminiscent of past economic crises. This time, the catalyst is a significant investment strategy introduced by incoming German Chancellor Friedrich Merz, who has unveiled a substantial €500 billion fund aimed at revitalising Germany’s struggling economy. The move has generated renewed optimism in European markets, with the euro showing […]

A serious reporting mistake by Azzurro Associates has emerged, impacting over 2000 loans related to personal guarantees of small business owners. This revelation highlights significant regulatory concerns regarding business finance handling. Initially, Azzurro, a debt buyer owned by Elliott Management, claimed that only 28 borrowers were affected by the error, which inaccurately placed company-related debts […]

Asda, Britain’s third-largest grocery chain, is experiencing a significant downturn in sales, a troubling trend that has seen its market share drop in the wake of fierce competition from rivals such as Tesco, Sainsbury’s, Aldi, and Lidl. Recent statistics reveal a 5.6 per cent decline in sales over a span of twelve weeks leading to […]

Recent developments surrounding the Office for National Statistics ONS are raising serious concerns about the reliability of economic forecasts in the United Kingdom. The chairman of the Office for Budget Responsibility OBR Richard Hughes addressed MPs on Tuesday highlighting the struggles of acquiring clear and accurate data from the ONS which has seen a dramatic […]

Shareholders in the UK’s largest venture capital trust, Octopus Titan, have expressed outrage over £162 million in fees received by its management during a period of disappointing performance. Investors have accused Octopus Investments of failing to take responsibility for the significant losses experienced by the Titan fund, which has seen its net asset value plummet […]

A London chip designer dubbed an Arm wannabe has attracted the interest of Qualcomm, a significant American rival, following a surge in its share value. Reports indicate that the San Diego-based company is contemplating making a bid for Alphawave, which has seen its shares climb nearly 47 per cent, pushing its market valuation beyond £1 […]

The sustainable bathroom product company Wild has been acquired by Unilever in a deal that reportedly netted its co-founders nearly £100 million. While the terms of the acquisition remain undisclosed, the valuation of Wild is believed to be around £230 million. Founded six years ago by entrepreneurs Charlie Bowes-Lyon and Freddy Ward, Wild began its […]

Labour’s recent welfare reforms are anticipated to result in an increase of 400000 individuals who will be classified as unfit for work by the end of the decade. Government figures suggest that the changes, aimed at enabling long term sick individuals to return to employment, will instead bolster the number of claimants on the highest […]

Chelsea Football Club has announced a remarkable turnaround in its financial fortunes, posting a pre-tax profit of £128.4 million for the financial year ending 30 June 2024. This shift comes after the club reported a pre-tax loss of £90.1 million the previous year, primarily under the management of Clearlake Capital and Todd Boehly. The latest […]

The owner of the Sun newspaper, News Group Newspapers (NGN), continues to grapple with the financial fallout from the protracted phone hacking scandal, recording cumulative losses surpassing £1.2 billion since the onset of legal battles nearly fifteen years ago. In its latest financial disclosures, NGN, a subsidiary of Rupert Murdoch’s News UK, reported a pre-tax […]

Virgin Atlantic has signalled a slowdown in demand for transatlantic travel, which has resulted in a decline in the share price of rival British Airways’ owner, IAG. Both UK long-haul carriers rely heavily on profitable routes between London and North America to bolster their earnings. Analysts have expressed concern that growing economic uncertainty and increasing […]

Downing Street anticipates that the UK will be affected by a new round of tariffs as Donald Trump prepares to announce significant trade barriers. Officials have indicated they “reserve the right” to respond in a manner that protects national interests amidst the ongoing negotiations. As the clock ticks down to the expected announcement, UK ministers […]

Global stock markets experienced significant declines following President Donald Trump’s announcement of new tariffs that would potentially affect imports from all countries. On Monday, investors reacted strongly to Trump’s comments, which indicated a broader scope for the impending tariffs than previously anticipated. The anxiety rippling through the markets was palpable, especially after Trump stated during […]

Aviva has once again found itself at the centre of controversy as it seeks to revive its proposal to cancel £450 million worth of preference shares. This comes seven years after a previous attempt faced intense criticism and ultimately led to significant upheaval within the firm. In an effort to placate dissenting voices, the insurance […]

Sir Richard Branson’s Virgin Group is poised to enter the high-speed rail market, potentially ending Eurostar’s long-standing monopoly on cross-Channel services. The announcement comes after the Rail regulator determined that there is sufficient capacity at the Temple Mills maintenance depot in northeast London to accommodate additional trains. This depot has been a critical factor in […]

Thames Water, the beleaguered utility company teetering on the brink of insolvency, has reportedly selected American private equity firm KKR as its preferred bidder for a potential rescue. This move emerges after KKR presented an enticing offer that includes a substantial £4 billion cash injection to help stabilise the financially strained entity, which grapples with […]

Lawrence Stroll the billionaire executive chairman of Aston Martin Lagonda has successfully overseen a fundraising effort to support the beleaguered British sports car manufacturer. The company has attracted £125 million following the sale of its stake in Stroll’s privately owned Aston Martin Racing Formula 1 team and a new share issuance to the Yew Tree […]

Elon Musk’s SpaceX is making a substantial effort to evade tariffs on equipment imported from China as tensions escalate under President Donald Trump’s trade policies. The rocket company has formally requested exemptions from the US government on two critical pieces of Chinese-manufactured equipment necessary for producing broadband terminals for its Starlink satellite internet service. In […]