UK pension provider looks to launch defined benefit superfund October 9, 2025 British pensions provider, TPT retirement solutions, is seeking to launch a defined benefit (DB) superfund, that will hold schemes rather than sell them to an insurance company. TPT, a mid-sized provider which manages £11.1bn of pension assets, has secured capital to fund the launch of the DB superfund and the first £1bn of transactions, in [...]
Tottenham owner’s £100m injection shows commitment, says club October 9, 2025 Tottenham Hotspur’s owner, the Lewis family trust, has injected £100m in a move the club says underlines its long-term commitment to Spurs. The extra cash will “further strengthen the club’s financial position and equip the club’s leadership team with additional resources to continue the focus on driving long-term sporting success,” Tottenham added. “This additional capital [...]
Saudi bigwig Turki Alalshikh hints at Manchester United investment October 9, 2025 Saudi bigwig Turki Alalshikh has hinted at the potential of fresh investment into Premier League club Manchester United. A cryptic message on X, formerly Twitter, overnight suggests the club is in the “advanced stage” of finding new capital, just 18 months since Sir Jim Ratcliffe purchased nearly 30 per cent of the Red Devils. The [...]
Burnley owners vow to run Espanyol separately after £113m takeover October 9, 2025 Burnley’s owners insist they will run Espanyol independently after completing a takeover of the Barcelona-based LaLiga club. Velocity Sports Partners, the investment arm of Burnley owner ALK Capital, confirmed today it has acquired Espanyol from Chinese businessman Chen Yansheng’s Rastar Group in a deal reported to be worth €130m (£113m). “Football has always belonged to [...]
Labour ministers ordered to stop relying on emergency funds October 9, 2025 Labour ministers have been told they will be blocked from using the government’s reserve funds to pay public sector staff and will only be given cash in exceptional circumstances. James Murray, the chief secretary to the Treasury, has told colleagues across the Cabinet that access to rainy day funds will be limited as the government [...]
HSBC shares sink on play to take control of Hong Kong bank October 9, 2025 HSBC shares tumbled on Thursday morning as the bank laid out plans to suspend its buyback program in order to buy out minority shareholders in Hong Kong’s Hang Seng Bank. The FTSE 100 banking juggernaut has offered to pay HK$155 per share for the 36 per cent not already owned by the bank. The proposal [...]
Keir Starmer vows to cut red tape for pubs to ‘bring the buzz back’ to high streets October 9, 2025 Keir Starmer has vowed to cut red tape for pubs in a bid to revitalise the ailing hospitality industry following a spate of venue closures. The prime minister has unveiled a four-week “blitz” survey of landlords, customers and neighbours, in a review expected to result in a bonfire of old licensing rules, amid fears some [...]
Anthropic: UK staff get eye-watering sums at AI giant October 9, 2025 US AI giant Anthropic is paying its UK staff eye-watering financial packages as it attempts to build a foothold in this country. The business, which only launched in the UK at the start of 2023, increased its headcount from six to 43 in 2024 while its staff costs rocketed from £3.6m to £24m. Its wage [...]
Del Boy billionaire’s empire returns to profit after rescue deals October 9, 2025 The retail empire owned by the so-called ‘Del Boy billionaire’ and behind The Range and Wilko, returned to the black before rescuing the Homebase brand, it has been revealed. Chris Dawson’s Norton Group Holdings has reported a pre-tax profit of £10.5m for the year to 2 February, 2025, new accounts filed with Companies House show. [...]
Exclusive: Warrington Wolves to announce record shirt deal October 9, 2025 Super League side Warrington Wolves are today expected to announce a record deal with existing front-of-shirt sponsor Hoover, City AM can reveal. The Wire will see their agreement with the Haier Europe subsidiary Hoover extended by a further two years, taking the total association to eight years in length. City AM understands that the seven-figure [...]