Revolut boss set for bumper payday as valuation swells to $75bn September 2, 2025 The boss of Revolut is set for a bumper payday as the fintech juggernaut kicks off a secondary share sale valuing the firm at $75bn (£55.9bn). London-based staff will be able to sell up to 20 per cent of their stake in the digital bank, Bloomberg first reported. Shares will be valued at $1,381.06 (£1,029). [...]
Exclusive: Octopus Investments appoints new CEO September 2, 2025 Retail asset management platform Octopus Investments has appointed Erin Platts, former chief executive of HSBC Innovation Banking, as its new CEO. Octopus Investments, the UK’s largest investor in AIM listed companies, is a branch of the financial services company, Octopus Group. It holds £9.9bn in funds under management. Platts will succeed Octopus Group co-founder and [...]
British and Irish Lions tour clears £30m Rugby Australia debt September 2, 2025 Revenue generated by the British and Irish Lions rugby tour to Australia has helped the hosts to be debt-free for the first time since 2021. The nine-match, three-Test tour Down Under allowed Rugby Australia to pay off the £30m it owed Pacific Equity Partners having taken out a £39m loan in 2023. It is the [...]
Muller recovers from huge loss to make profit return September 2, 2025 The UK and Ireland arm of dairy giant Muller has returned to profit after recovering from a huge loss in 2023, it has been confirmed. The Shropshire-headquartered division of the German group has posted a pre-tax profit of £34.3m for 2024, new accounts filed with Companies House show. That comes after Muller fell to a pre-tax [...]
Nespresso cuts over 200 UK jobs amid store closures September 2, 2025 The UK arm of coffee giant Nespresso shed more than 200 jobs as it shut locations across the country in 2024, it has been confirmed. The business reduced its headcount from 716 to 499 during its latest financial year as it closed 11 of its sites. In new accounts filed with Companies House for 2024, [...]
Aga Rangemaster cuts jobs and raises prices as UK demand falls September 2, 2025 Aga Rangemaster has continued to cut jobs as it battles falling demand in the UK and prepares for the rising costs from US President Donald Trump’s tariffs. The business, which is headquartered near Nottingham, has said it is raising prices in order to attempt to offset the increased costs from US tariffs but that their [...]
The O2: Peter Kay and Olivia Rodrigo help arena to record profit September 2, 2025 The O2 in London raked in a record profit in 2024 thanks to the likes of Peter Kay, Sir Paul McCartney and Olivia Rodrigo, it has been revealed. The arena has posted a pre-tax profit of £64.8m for its latest financial year, according to new accounts filed with Companies House. The latest total is up [...]
InPost nearly triples UK parcel volumes after Yodel acquisition September 2, 2025 InPost has reported a huge boost to UK parcel volumes and revenue after its takeover of competitor Yodel earlier this year. Revenue in the UK grew 303.1 per cent year on year in the second quarter to PLN 954.2m (£193m), making it the second-largest contributor to Group revenue after Poland, which has a 27 per [...]
Moshiri to Friedkin: Inside Everton’s Hill Dickinson Stadium deal September 2, 2025 Proud Everton fans very nearly walked into a brand new arena called the MoneySuperMarket Stadium. Alas, the Toffees now call the Hill Dickinson Stadium home. The international commercial law firm’s roots are entrenched on the banks of the River Mersey, but the search for a title sponsor for the Premier League’s newest stadium was a [...]
Is it time to add infrastructure to your portfolio? September 2, 2025 The UK has, for many years, consistently underinvested in infrastructure compared to its G7 peers. With flagship projects, the country has a terrible track record. In the past year, the long-awaited, controversial high-speed HS2 rail line saw its expansion into the north of England scrapped due to escalating costs. Meanwhile, the Lower Thames Crossing development [...]