HSBC: City market’s top firm turns to Asia and Middle East September 22, 2025 HSBC is setting its sights on Asia and the Middle East for further growth prospects after wielding the axe at parts of its European operations. A top boss at Britain’s most valuable bank – and top FTSE100 company by market cap – said both regions have “an enormous amount of capital” which was a significant [...]
Energy tycoon fires up UK gas storage project September 22, 2025 An Irish energy tycoon has revealed plans to build a new gas storage site in the Irish Sea that would boost the UK’s capacity by over 50 per cent. Tony O’Reilly Jr’s Dcarbonx, which is backed by gas infrastructure behemoth Snam, wants to redevelop a former gas site off the coast of Barrow-in-Furness as part [...]
Banking watchdog launches deregulation push as tax fears grow September 22, 2025 Britain’s banking watchdog has laid out plans to slash regulation across the industry in a bid to sweeten the sector’s operating environment. In fresh proposals hoping to cut the red tape on the sector, the PRA identified 37 “individual reporting templates” which have “overlapping and complex requirements” in a bid to ease the administrative cost [...]
Horner leaves Red Bull with £80m pay-off as F1 return touted September 22, 2025 Former Red Bull Racing team principal Christian Horner officially severed all ties with the Formula 1 team on Monday, insisting his two decades at the team had been “an honour and privilege”. Horner, married to Spice Girl Geri Halliwell, was sacked by the team in July and leaves the Milton Keynes outfit amid rumours he [...]
Nigel Farage pledges to take down Boriswave with tougher rules September 22, 2025 Nigel Farage has said he would remove migrants’ indefinite leave to remain rights, which allow people to gain settled status in the UK, as he set out a hardline approach to immigration in the same week President Trump added a fee to a key US worker visa. The Reform UK leader said he would force [...]
Ferg & Harris unveils bespoke Springbank single malt for Distillers One of One September 22, 2025 Ferg & Harris has released its most ambitious whisky to date with the unveiling of Wings of Kintyre, a bespoke Springbank single malt set to feature in next month’s Distillers One of One auction. The one-of-a-kind 31-year-old whisky has been bottled from a single organic cask. It will be offered exclusively at the prestigious biennial [...]
Motor finance: BMW sets aside over £200m for car mis-selling September 22, 2025 BMW’s UK car finance arm has set aside over £200m to cover a potential hit from the motor finance scandal. The firm joins a batch of British lenders and motor companies, which have been forced to prepare provisions with millions of drivers eligible for compensation. In July, the Supreme Court handed City banks a lukewarm [...]
Bowers & Wilkins cuts dozens of jobs after plunging to $8m loss September 22, 2025 Bowers & Wilkins has cut dozens of jobs after plunging to an $8m (£6m) loss despite seeing an upturn in sales, its latest accounts show. The premium headphone and speaker maker, which counts David Beckham among its brand ambassadors, has reduced its workforce by 14 per cent, with 50 production jobs going amid the introduction [...]
Podcast giant Acast’s UK losses slashed in half September 22, 2025 The UK arm of podcast giant Acast slashed its losses in half during its latest financial year, it has been revealed. The division is behind the likes of That Peter Crouch Podcast, Shagged Married Annoyed with Chris and Rosie Ramsey and Off Menu with Ed Gamble and James Acaster. New accounts filed with Companies House [...]
Natwest and HSBC shares dip as bank tax chatter heats up September 22, 2025 Shares in Natwest and HSBC dipped on Monday morning as traders digested renewed chatter of a tax hike on Britain’s banking giants. Natwest tumbled as much as 1.3 per cent to 506p when markets opened, while HSBC fell 0.6 per cent to 1,022p. Barclays fell nearly 0.2 per cent to 381p. Lloyds was broadly flat [...]