Exclusive: Padel pioneers to set up pro pickleball circuit in Europe and Middle East November 10, 2025 A professional pickleball circuit is coming to Europe and the Middle East in 2026 in a move its founders hope can replicate the racquet sport’s explosive growth in the US. Pickleball – played on small courts and popular with both celebrities including Dua Lipa and Emma Watson and former tennis stars such as Maria Sharapova [...]
Rachel Reeves eyes tax raid on dividends November 10, 2025 Chancellor Rachel Reeves is set to increase the tax rate on dividends at this year’s Budget, it has been reported, adding to speculation that investors and business owners will be targeted to fill a £30bn fiscal hole. An increase on basic, higher and additional rates of dividend taces could make up around £2bn in extra [...]
Trip: CBD drinks brand valued at £200m after Joe Jonas backing November 10, 2025 Trip, a CBD drinks brand, has been valued at more than £200m after a fundraising round backed by the likes of singer and actor Joe Jonas. The London-headquartered firm has raised a further £30.3m in a move which it said makes it the most valuable UK-founded drinks brand since Innocent and Fever-Tree. The business has [...]
Guinness owner Diageo shares rocket after appointment of ‘Drastic Dave’ November 10, 2025 Shares in FTSE 100 drinks giant Diageo have rocketed after the appointment of a new chief executive with an impressive turnaround record. News of the appointment of retail and consumer goods veteran Sir Dave Lewis saw shares in the struggling giant rise 6.8 per cent in early morning trading to 1,845p, rebounding from their sharp [...]
FTSE 100 Live: Diageo taps new top chief; private equity swoop November 10, 2025 Good morning from the City AM liveblog team, It’s a new week in the City and markets will be hoping for a recovery rally after tech jitters sent stocks deeper into the red on Friday. There’s a mixed bag of factors weighing on global indexes, namely the ongoing government shutdown in the US and the [...]
Business leaders warn Budget tax hikes could trigger higher prices November 10, 2025 Senior business leaders have called on the government to avoid increasing the cost of employment in the upcoming Autumn Budget, in order to avoid SMEs raising prices. According to a new report by Employment Hero, 86 per cent of the 1,000 business leaders are concerned about what the upcoming Budget will mean for them, as [...]
Andrew Griffith: ‘Tell us which City rules to slash’ November 10, 2025 Look at a UK companies’ annual report today and you will find a lengthy tome more likely to resemble a doorstop than something to provoke interest or excitement from investors. Much of this is the result of a vast expansion of corporate reporting requirements placed on businesses, starting with Labour’s Companies Act 2006 and pursued [...]
Reeves’ tax plans to push one in eight businesses overseas November 10, 2025 One in eight small and medium-sized enterprise (SME) leaders in the UK are actively planning to relocate themselves, their businesses, or both, citing the current tax burden. This amounts to roughly 680,000 businesses out of the UK’s 5.67m SMEs, according to a new report by Rathbones. The findings come just weeks ahead of Rachel Reeves’ [...]
Co-op to open or refurbish dozens of stores amid cyber attack recovery November 10, 2025 The Co-op has said it is pushing forward with a number of new stores and major refurbishments as it bounces back from a damaging cyber attack. The retailer said 50 stores will be opened or re-opened by Christmas as it urged the Government to reform business rates ahead of the autumn Budget. It said reforms [...]
AI startups lead growth despite market jitters and IPO drought November 10, 2025 AI firms have driven a 44 per cent increase in the combined value of the world’s top 100 private tech firms, even as concerns grow that the AI boom could be overheating and Britain’s startups warn of a worsening funding climate. According to new data from PwC, the total valuation of the global top 100 [...]