Ray Dalio: UK is in a ‘debt doom loop’ July 28, 2025 The UK is in a “debt doom loop” of high taxes, low growth and a ballooning debt pile, according to one of the world’s most renowned investors, who also warned that the need to raise taxes will only drive more wealthy residents to leave. Ray Dalio, the billionaire who founded US hedge fund giant Bridgewater [...]
FCA names interim FOS chair after abrupt leadership shake-up July 28, 2025 The Financial Conduct Authority has named a new interim chair of the Financial Ombudsman Service after its initial recruitment campaign “proved unsuccessful”. The City regulator appointed Liam Coleman as the watchdog’s temporary chair, which comes as controversy surrounds the departures of former leadership. Coleman will replace Baroness Zahida Manzoor who abruptly announced in February she [...]
Lionesses’ Euro triumph draws UK’s biggest TV audience of year July 28, 2025 The Lionesses’ historic victory in the Women’s Euros final on Sunday night pulled in more than 16m viewers, making it the UK’s most watched television moment of 2025. A peak live audience of 12.2m viewers watched England beat world champions Spain on penalties across BBC One and iPlayer. Viewership of the final in Basel, Switzerland [...]
Euro weakens as markets rally following EU-US trade deal July 28, 2025 The euro fell against the dollar in early morning trading, as currency markets focused on the risks to the European economy from the EU-US trade deal despite a positive reaction from global stock markets. The currency was down 0.5 per cent against the dollar at $1.169, wiping away gains made last week after Trump’s “big [...]
Lionesses to celebrate Women’s Euros triumph with open-top bus parade July 28, 2025 The Lionesses will celebrate their Women’s Euros triumph with an open-top bus parade through central London on Tuesday. England defeated Spain on penalties in a dramatic final on Sunday in which Chloe Kelly netted the decisive kick after the Lionesses once again came from behind to force extra time. The Lionesses flew home from Switzerland [...]
LNER revenue passes £1bn as cancellations cut July 28, 2025 LNER, which operates most services on the East Coast Main Line, saw its revenue pass the £1bn mark as it cut the number of trains it cancelled during its latest financial year. The business, which is owned by the Department for Transport, has seen its revenue increase from £866.5m in the year to 31 March, [...]
Everyman: Shares in luxury cinema rise after revenue spikes July 28, 2025 Shares in Everyman spiked nearly five per cent morning after the upmarket cinema group reported double digit profit growth. The chain, which has 48 venues across the UK, told markets this morning that revenue in the first half of 2025 rose 21 per cent to £56.5m. Earnings before interest, tax, depreciation and amortization (EBITDA) rose [...]
Northern: Cancellations rise as train company’s profit grows July 28, 2025 Government-owned train company Northern cancelled more services as its profit rose during its latest financial year, it has been revealed. The number of trains cancelled by the business increased from 7.2 per cent to eight per cent in the 12 months to 31 March, 2025, new accounts filed with Companies House show. The rise in [...]
Axe The Racing Tax: British Horseracing Authority launches petition July 28, 2025 The British Horseracing Authority has called on the public to sign a petition urging the Government to “Axe The Racing Tax” and save the sport from a £330m hit. It comes as the BHA publishes independent research which estimates that the proposed tax increase would cost racing £66m a year and instantly jeopardise almost 3,000 [...]
Wayfair more than halves UK workforce in two years July 28, 2025 Online retail giant Wayfair has more than halved the number of people it employs in the UK in the space of two years, it has been revealed. The UK division of the US homewares and furniture seller had a headcount of 405 at the end of 2024, compared to 587 in 2023 and 847 in [...]