Rachel Reeves: Leak to the FT was inaccurate December 10, 2025 Chancellor Rachel Reeves slammed briefings provided to media outlets in the lead-up to the Budget as she referred to a specific Financial Times news report which had “partial and inaccurate” information. In a Treasury Select Committee hearing on Wednesday morning, the Chancellor hit out at leaks in the months leading up to the Budget, adding [...]
Britain’s nuclear lag could cost its AI crown December 10, 2025 Britain’s AI boom is running straight into an energy wall, and nuclear power was supposed to act as its crutch to get around it. Instead, the government has hit pause, just as data centre demand is set to explode, leading investors wondering whether the UK risks talking itself out of its opportunity. Recent analysis from [...]
Paul Pogba announces move into camel racing with Saudi team Al Haboob December 10, 2025 World Cup-winning former Manchester United footballer Paul Pogba has become an investor in the world’s first pro camel racing team, Saudi Arabia-based Al Haboob. Pogba, who now plays for Monaco after returning from a ban for anti-doping breaches, has also been named an ambassador for the team, which competes across the Middle East. “I’ve watched [...]
Watchdog launches new probe into EY over ‘unauthorised’ audit reports December 10, 2025 The accountancy watchdog has commenced a new investigation into the Big Four firm EY and two of its members. In an announcement on Wednesday morning, the Financial Reporting Council (FRC) revealed that it has commenced an investigation into “unauthorised issuance of auditor’s reports to audited entities”. This comes after the Big Four firm informed the [...]
Less jargon, more advice: FCA rises to pro-growth challenge December 10, 2025 With a flurry of announcements ahead of the new year, the FCA is rising to the government’s growth mandate, writes Ali Lyon. For many of the men and women in charge of the UK’s largest financial regulator, a grey cloud will have hung heavy over any festivities last Christmas. Just a day before the seasonal [...]
Flying taxis to slash Heathrow to City trip to 12 minutes December 10, 2025 Commuting from Heathrow to central London may soon be a thing of the past. Vertical Aerospace, founded by the man behind OVO energy, has unveiled Valo, its next generation aircraft designed for quick, zero emission airport to city travel. While the British electric aviation giant’s shares have seen a 94 per cent decline since its [...]
Club L London founder shares huge pay day after record profit December 10, 2025 Club L London has issued a huge pay day after profit at the fashion retailer surged to a new record, it has been revealed. Katie Randev, who leads the Manchester-headquartered business as chief executive, is in line to share a dividend of £3.7m for its latest financial year, new accounts filed with Companies House show. [...]
Innocent Drinks makes first profit since 2020 December 10, 2025 Innocent Drinks has returned to profit for the first time since 2020 as its revenue continued to rise, it has been confirmed. The business, which is now majority-owned by Coca-Cola, has posted an operating profit of £13m for 2024, late-filed accounts with Companies House have revealed. It is the first time Innocent Drinks has reported [...]
Breitling: UK sales slump by almost £20m at luxury watchmaker December 10, 2025 Sales at the UK arm of luxury watch brand Breitling slumped by almost £20m during its latest financial year. The division of the Swiss watchmaker has reported a turnover of £57.9m for the 12 months to 31 March, 2025, according to new accounts filed with Companies House. That’s down from the £76.3m it achieved in [...]
Netflix $72bn Warner offer: ‘I never saw it coming’ says co-founder Marc Randolph December 10, 2025 Netflix’s former CEO and co-founder, Marc Randolph, said the $72bn bid by his former company last week for Warner Bros.’ film studios and streaming business, “came as a shock”. Speaking at Abu Dhabi Finance Week, Randolph told the audience, “I will confess I never saw that [move] coming. I haven’t worked at Netflix for quite [...]