Official: British Basketball Federation goes into liquidation, GBBL assessing legal options November 14, 2025 The British Basketball Federation has gone into liquidation, blaming “a significant and unanticipated reduction in income and unforeseen expenditure”. The BBF said it had been unable to meet its liabilities and had appointed insolvency firm Begbies Traynor to assist in placing it in liquidation. It follows a damaging legal battle with Super League Basketball over [...]
Zverev latest to enter luxury market with Loewe deal November 14, 2025 Tennis player Alexander Zverev is the latest sports star to cross over with luxury, announcing a deal with German AV brand Loewe. Zverev, also German, is taking part in the ATP Finals this week in Turin and follows Kylian Mbappe in agreeing a global brand ambassador deal with Loewe, which is headquartered in Kronach. It [...]
Exclusive: Industry chiefs warn Reeves not to hit business after income tax U-turn November 14, 2025 The Chancellor must not rely on businesses to plug the gaping fiscal gap left by Thursday’s income tax U-turn, a group of industry body chiefs has warned a year after UK firms were forced to stomach much of the £40bn of tax hikes at Labour’s maiden Budget. In an unusual combined intervention, bosses from five [...]
2026 World Cup: SoFi boss dismisses Trump threat to move games from LA November 14, 2025 The boss of the SoFi Stadium in Los Angeles says he expects the £4bn venue to play a key role in staging next summer’s 2026 World Cup despite US President Trump threatening to move games from the city. Trump has raised the prospect of stripping LA, San Francisco and Seattle of their scheduled fixtures if [...]
LLP U-turn: Law Society demands ‘absolute clarity’ plan is off the table November 14, 2025 The professional services sector will breathe a sigh of relief as one of her reported rollbacks includes crossing out plans to target limited liability partnerships (LLPs) for tax. The LLP model, used by professional services such as law firms, accountancy, and some doctors (GPs), came into force 25 years ago, which does not pay corporate [...]
Redbird pulls out of deal for The Telegraph November 14, 2025 Redbird has pulled out of its £500m bid to buy the Daily Telegraph in a move that will plunge the broadsheet into further uncertainty and leaves the paper without a long-term owner for more than two-and-a-half years. The US private equity giant had been the sole buyer willing to stump up the half a billion-pound [...]
Amex cites sponsorship strategy for Gen Z and Millennial credit card surge November 14, 2025 The surge in Millennials and Gen Zers taking out American Express cards is “definitely” down to the financial services provider going big on sponsorship, it says. The New York-headquartered card issuer states that over 60 per cent of Amex’s new global consumer card acquisitions “represent Millennials and Gen Z”, something they attribute to their drive [...]
Autumn Budget: What does the income tax U-turn mean for your salary? November 14, 2025 In a major U-turn, Chancellor Rachel Reeves’ is understood to have ripped up plans to hike income tax in the looming Autumn Budget. Reeves was poised to hitch up income tax by 2p at the end of the month, whilst cutting national insurance – for lower earners – by the same amount. While the decision [...]
Jaguar Land Rover: JLR loses almost £500m after cyber attack November 14, 2025 Jaguar Land Rover (JLR) lost almost £500m during the second quarter of its financial year as it battled the most expensive cyber attack in British history. The automotive giant has reported a loss before tax and exceptional items of £485m for the three months to 30 September, 2025. The figure compares to a profit of [...]
British Basketball Federation set to go into administration, say sources November 14, 2025 The British Basketball Federation, the sport’s national governing body, is expected to go into administration imminently, multiple sources have told City AM. It is understood that many of the BBF’s duties will be transferred to Basketball England and that the ban on British referees officiating in competitions run by world governing body Fiba has been [...]