Former UBS banker wins top court battle in £80m divorce row July 2, 2025 The high-profile divorce clash between Clive Standish and his wife over £80m of assets linked to a tax planning scheme hits the end of the legal road
Welfare: Starmer’s authority shattered as Reeves faces £5bn headache July 2, 2025 Sir Keir Starmer has suffered a devastating hit to his authority whilst a £5bn spending headache looms for Rachel Reeves following the government’s u-turn to avoid a catastrophic defeat of its welfare bill. Just days away from his one year anniversary in Downing Street, the PM faced the most substantial backbench rebellion of his premiership [...]
New greyhound racing stadium offers hope of sporting revival July 2, 2025 A new greyhound stadium in Wolverhampton has sparked hopes of a revival of the pastime despite track closures across the country. It was announced in March that greyhound racing will cease in Swindon at the end of the year, with Romford the sole arena in greater London following the closure of Crayford in January. The [...]
Labour urged to scrap state pension triple lock July 2, 2025 The government should scrap the £145bn triple lock on the state pension and employers should automatically contribute to private pensions, the Institute for Fiscal Studies (IFS) has said. Labour’s election manifesto last year said it would commit to keeping the state pension, while the Conservative Party pitched a ‘triple lock plus’ pension that would increase [...]
Superdrug shrugs off Rachel Reeves’ tax hikes to create over 600 jobs July 2, 2025 Superdrug has created more than 600 jobs despite tax hikes introduced by Chancellor Rachel Reeves putting “pressure” on its margins. The high street chain upped its headcount from 13,845 to 14,479 in 2024, new accounts filed with Companies House have revealed. The increase comes after Superdrug also created more than 400 jobs in 2023. The [...]
Secure Trust Bank: Jobs at risk as lender exits motor finance July 2, 2025 Specialist lender Secure Trust Bank has announced a “strategic pivot” away from its motor finance division in a bid to boost returns. The group said it will pause new lending within its vehicle finance division and “run off” its existing book, meaning it will manage its current portfolio until it naturally winds down. The bank [...]
Aston Villa sign UK licensed Xapo Bank as club partner July 2, 2025 UK licensed crypto firm Xapo Bank has partnered with Premier League club Aston Villa in a deal that will see them become the official partner of the club’s pre-season tour to the United States. The self proclaimed “pioneering private bank” was established in 2013 and last year passported its banking licence to the UK. And [...]
Whisky Business: Commando Spirit’s unique brand July 2, 2025 Whisky Business: City AM’s monthly look at the world of whisky. A handful of big-name brands dominate the world of whisky, but there’s a growing number of smaller, artisan whisky brands carving out niches in the market. One of these is Commando Spirit, the brainchild of retired Royal Marines Brigadier Rory Copinger-Symes CBE. Commando Spirit is [...]
Ryanair axes 800 flights due to Middle East conflict July 2, 2025 Ryanair has said it axed more than 800 flights last month due to the conflict in the Middle East, even as monthly passenger traffic edged up. Europe’s largest airline by passenger numbers on Wednesday reported a three per cent year-on-year increase in traffic in June to 19.9m. Wizz Air, another budget airline with high exposure [...]
Heathrow: Fault that caused power outage was ignored for seven years July 2, 2025 Heathrow has said it is considering legal action against National Grid after it was revealed that a “catastrophic failure” of equipment led to the substation fire which caused a huge power outage at the airport earlier this year. A damning report into the incident found the UK’s electricity operator had failed to address excessively high [...]