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Business

  • Labour minister: UK-EU trade deal could take another year to kick in

    July 17, 2025

    The UK’s trade deal with the European Union, set to ease food standards and align energy markets could still take another year to come into effect, a Labour minister has warned.  In a landmark post-Brexit deal, the UK and EU agreed a deal on food standards to slash red tape for British exporters while giving [...]

  • Jaguar Land Rover to axe 500 management jobs

    July 17, 2025

    Jaguar Land Rover is to axe up to 500 management jobs in the UK through a voluntary redundancy programme. The automotive giant said that around 1.5 per cent of its UK workforce would be impacted by the job cuts. A spokesperson for the Tata-owned firm said: “As part of normal business practice, we regularly offer [...]

  • Wise shares tumble ahead of switch to US primary listing

    July 17, 2025

    Wise shares sunk on Thursday morning after the London fintech disappointed analysts in a trading update ahead of its upcoming switch to a US primary listing. The £12bn money transfer business reported a 24 per cent rise in quarterly cross-border volume to £41.2bn in the three months to end June, while customer holdings grew by [...]

  • Premier Foods: Boom in branded treats but grocery sales fall

    July 17, 2025

    Premier Foods has reported a slight uptick in sales thanks to a few booming branded categories, although non-branded goods suffered. The company told markets this morning that grocery sales fell 2.7 per cent to £174.7m in the first quarter of the year, with branded sales also down. Overall sales at the company rose 0.2 per [...]

  • Fulham’s Craven Cottage could be future of new franchise Project Sevens

    July 17, 2025

    The investment vehicle behind a new privately funded rugby sevens league set to launch in 2026 is targeting Craven Cottage as a host venue, City AM can reveal. Tom Burwell, chief executive of Bia Sports Group – the investment team behind newly promoted Premier League football club Sunderland – explained that the as-yet unnamed sevens [...]

  • Ocado shares spike as grocer boosted by £750m M&S joint venture gain

    July 17, 2025

    Online grocer Ocado has reported significant growth in the first half of 2025, while stating its major goal is to turn cash-flow positive next year. Its share price spiked more than 13 per cent in early trades. Ocado told markets this morning that revenue rose 13.2 per cent to £674m, while earnings before interest, tax, depreciation [...]

  • Easyjet takes £15m hit from ‘unacceptable’ French air traffic control strikes

    July 17, 2025

    Easyjet has revealed a hit of around £15m from recent air traffic control disruption in France as it warned the “scale of industrial action” would impact annual profits. “We are extremely unhappy with the strike action by the French ATC in early July, which as well as presenting unacceptable challenges for customers and crew also [...]

  • Rachel Reeves’ tax raid leads to thousands of job losses as wage growth cools 

    July 17, 2025

    Thousands of jobs were lost in June, official data has shown, putting the Bank of England under greater pressure to deal with the consequences of Chancellor Rachel Reeves’ £20bn tax raid at its next interest rates decision in August.  Bank Governor Andrew Bailey has warned that “softening” in the labour market could force rate-setters to [...]

  • Future: Marie Claire owner stays on track as US ad market steadies

    July 17, 2025

    Future PLC told the market on Thursday that it remains on course to meet full-year expectations after a steady third quarter, buoyed by signs of stabilisation in the UK advertising market and solid magazine performance. The FTSE 250 media group behind titles like TechRadar, Marie Claire and The Week said trading for the three months [...]

  • Drop off charges at UK airports hit £1 per minute

    July 17, 2025

    Drop off charges at UK airports have reached the highest level on record amid booming travel demand over the summer. Analysis from the motoring group RAC found 11 airports have jacked up so-called ‘kiss and fly’ fees since last year as part of a long-running trend in the UK. Heathrow, Britain’s biggest airport, increased charges [...]

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