Butlin’s boss: We’re not going to tax ourselves to success August 26, 2025 The chief executive of holiday park chain Butlin’s has hit out at Chancellor Rachel Reeves after saying increases taxes on businesses is not the way to improve the UK economy. Speaking on an up-coming episode of City AM‘s Boardroom Uncovered show, Jon Hendry Pickup said the country is “not going to tax ourselves to success” [...]
Pound edges up against dollar after Trump’s latest Fed attack August 26, 2025 The pound gained from a turbulent US dollar trading session on Tuesday after the greenback was stung by President Donald Trump’s attacks on the Federal Reserve. The dollar index (DXY) – which tracks the dollar’s value against a basket of currencies – tumbled as much as 0.4 per cent as Trump said he had “sufficient [...]
Union threatens LA Olympics strike and issues $5bn demand August 26, 2025 The 2028 Los Angeles Olympics has been threatened with strike action by a union demanding a $5bn investment in local housing. The Unite Here Local 11 union has issued a list of demands ahead of the next Olympiad, insisting their 32,000 members could strike over the Olympics if they’re not listened to. They have asked [...]
Trump says he will fire Federal Reserve governor August 26, 2025 President Donald Trump has said that he is firing Federal Reserve governor Lisa Cook. The unprecedented move would constitute a sharp escalation in his battle to exert greater control over what has long been considered a financial institution independent from day-to-day politics. Mr Trump said in a letter posted on his Truth Social platform that [...]
UAE buyers swoop on cheap London prime property August 26, 2025 Wealthy buyers from the UAE are swooping on prime properties in central London, according to new data. UAE nationals accounted for three per cent of overseas buyers in prime central London in the year to July, up from 0.6 per cent the previous year, according to Knight Frank. “The uptick in interest from the Middle [...]
Bunzl: FTSE 100 giant hit by Rachel Reeves’ tax grab August 26, 2025 Profit at distribution titan Bunzl took a hit in the first six months of 2025 as challenging economic conditions weighed on the firm’s books. The FTSE 100 giant’s adjusted operating profit came in at £404.5m for the half, an 11.2 per cent drop from £455.5m for the same period the year prior. Despite this shares [...]
Tennis and athletics rank top for value for money, according to Brits August 26, 2025 Tennis and athletics have come out on top as sports Brits think are the best value for money, City AM can reveal. Exclusive research by Ipsos shows that of those who attended sport in the last 12 months, fans of tennis felt they got the best bang for their buck. Over three quarters of the [...]
Business rates ‘double whammy’ to cost English companies billions August 26, 2025 Businesses in England are to face an “unavoidable double hit” to their property tax payments next year, which will see total payments surge by about £2.5bn, according to new figures. Analysis from global tax firm Ryan indicated that inflation and a government tax change will combine to drive up business rates bills further. Business rates [...]
Food inflation jumps to 18-month high as chocolate and butter prices rise August 26, 2025 Food prices have risen at their fastest pace for 18 months amid surges in the cost of chocolate, butter and eggs, latest figures show. Food inflation lifted to 4.2 per cent this month from per cent in July, according to the British Retail Consortium (BRC)-NIQ Shop Price Monitor. It marked the highest level since February [...]
Workspace vacate London HQ for Unilever-acquired Wild Cosmetics August 26, 2025 Wild Cosmetics has signed a new lease with Workspace which will see it move into Workspace’s current head office at Kennington Park. Workspace, which owns and manages flexible office and light industrial spaces, will move its headquarters to The Centro Buildings in Camden. Freddy Ward, co-founder of Wild, said he was “really happy” to be [...]