Benefits to increase more than expected next April October 22, 2025 Most state benefits will rise by 3.8 per cent next year in line with September’s rate of inflation, exceeding earlier predictions by the Treasury watchdog. September’s CPI inflation figures are used to calculate the increase to many welfare bills which take effect next April, including universal credit and personal independence payments (Pips). The rise is [...]
PayPal-backed UK fintech kicks off legal battle over unpaid fees October 22, 2025 A PayPal-backed UK fintech which provides services to the HMRC is locked in a legal battle with a former client over an accusation of unpaid pre-determined charges. Embedded payments firm Modulr has filed a winding up petition against Paymob Technology, which trades under the moniker Dapio. A Judge will hear the case on Wednesday October [...]
London flat prices slump as market gets ‘reshaped’ October 22, 2025 The price of London flat has dropped year on year as prices remain under pressure from low demand and high supply. The average price of a flat in London fell by 2.6 per cent year on year to £445,000, according to the ONS. “This is a tough time to be selling a flat,” Jonathon Hopper, CEO [...]
LaLiga’s overseas game project not dead, insists Tebas October 22, 2025 Spanish football chief Javier Tebas insists LaLiga will “keep trying” to stage games overseas after being forced to shelve a planned fixture between Barcelona and Villarreal in Miami in December. The controversial move looked set to go ahead when European governing body Uefa “reluctantly” granted permission earlier this month but LaLiga announced it had pulled [...]
Gilt yields drop as Reeves crosses fingers to reap benefits October 22, 2025 Gilt yields have fallen as investors breathed a sign of relief after inflation came in below economist expectations, with top analysts claiming an interest rate cut this year is “very much in play” while adding that Rachel Reeves could be in luck. Gilts, the name for UK government bonds, have regained momentum in the UK [...]
Netflix shares fall as Brazil tax hit ends earnings streak October 22, 2025 Netflix’s shares dipped almost seven per cent in the wake of last night’s financial report, after the streaming giant’s strong run of quarterly earnings came to an end following a $619m (£464.8m) tax charge in Brazil dragged on third-quarter profits. The streaming giant reported a 17 per cent uptick in revenue to $11.2bn, broadly in [...]
Britain needs to ‘encourage enterprising entrepreneurs’ to kick-start economy October 22, 2025 Britain “needs to be a nation of shopkeepers once again” and “encourage enterprising entrepreneurs” to boost its economic prosperity, the chief executive of recruitment giant Reed has said. Speaking on an up-coming episode of City AM‘s Boardroom Uncovered podcast, James Reed said if he was Prime Minister for the day, he’d “make Britain a destination [...]
Chelsea sign sleeve sponsor deal with Vietnamese IT firm FPT October 22, 2025 Chelsea have announced Vietnamese IT company FPT Corporation as their new sleeve sponsor across their men’s, women’s and academy teams. The move sees FPT elevated to principal partner status at the Club World Cup winners, having begun their commercial relationship earlier this year. Chelsea are still in the market for a front-of-shirt sponsor, however, having [...]
Reeves’ tax grab could ‘wipe £4bn out of the stock market’ October 22, 2025 One of the UK’s leading trading platforms has warned Chancellor Rachel Reeves that raising retail investor taxes could wipe billions off the stock market, undermining government attempts to boost domestic investing and strengthen the London market. According to research from trading platform IG, a two percentage point increase in both dividend and capital gains tax [...]
Aardman: Wallace & Gromit maker cuts jobs as losses continue October 22, 2025 Aardman, the studio behind the likes of Wallace & Gromit and Shaun the Sheep, slipped further into the red as it cut jobs during its latest financial year. The Bristol-headquartered animation company has posted a pre-tax loss of £5m for 2024, having also lost £550,135 in 2023. Over the same period, Aardman’s turnover declined from [...]