Premier League spending not suffocating Europe, insists chief October 2, 2025 Premier League chief executive Richard Masters has denied English clubs’ unprecedented spending in the summer transfer window is “suffocating” rival football leagues. The 20 Premier League clubs spent £3bn over the summer, smashing all records for a transfer window. Their net spend was £1.2bn. This splurge was led by Liverpool, who spent over £400m, while [...]
Michael Vaughan: This is how England can win back the Ashes October 2, 2025 Michael Vaughan has revealed how England can win back the Ashes this winter as he declared their Australian opposition “not a great team”. The former England captain, who led his side to victory in the iconic 2005 Ashes test series, outlined his blueprint of how to win Down Under. Ben Stokes’s side will take on [...]
BT urges government action amid standalone 5G rollout October 2, 2025 BT has called on the UK government to remove regulatory barriers and accelerate mobile network expansion. The call comes as the FTSE 100 giant announced plans to deliver standalone 5G (5G+) coverage to 99 per cent of the UK population by 2030, four years ahead of rival operators’ stated projections. Speaking at the Connected Britain [...]
Thames Water creditors offer £4bn debt write-off October 2, 2025 Creditors of Thames Water have made a rescue offer for the failing company by allowing a £4bn write-off of their debt in return for changed targets on pollution incidents. The deal would see 25 per cent of Thames Water’s debt written off but the group, under the consortium London & Valley Water, would see regulators [...]
Shawbrook gearing up for £2bn IPO in boost to London market October 2, 2025 Specialist lender Shawbrook is preparing to announce intention of its London Stock Exchange debut – a move which could take place as soon as Thursday next week. Shawbrook’s private equity owner – Pollen Street Capital – is eying a £2bn valuation for the firm from the transaction. It comes amid a dire outlook for the [...]
Sky back in profit ahead of cutting 900 UK jobs October 2, 2025 Media and telecoms giant Sky recovered from losing almost £800m to return to the black in 2024 before preparing to cut hundreds of jobs. Sky, which was bought by the US media company Comcast for £30bn in 2018, has posted a pre-tax profit of £253m for its latest financial year. The total comes after Sky fell [...]
New Balance: UK sales pass £1bn for the first time October 2, 2025 Sales at the UK arm of New Balance have surged to more than £1bn for the first time, it has been revealed. The Cheshire-headquartered division has posted a turnover of £1.02bn for 2024, new accounts filed with Companies House show. The total is up from the £882.1m it achieved in 2023, the £679.7m it posted [...]
Wagamama owner sheds 2,000 jobs as losses widen October 2, 2025 The owner of Wagamama shed more than 2,000 jobs as its losses widened during its latest financial year, it has been revealed. The Restaurant Group, whose other major brand is Brunning & Price, has posted a pre-tax loss of £32.2m for 2024, new accounts filed with Companies House show. The total comes after the business [...]
South Western Railway performance nosedives after nationalisation October 2, 2025 Performance at South Western Railway has plummeted in the months since it became the first network to be brought under state ownership, piling fresh scrutiny on the government’s nationalisation drive just days after it announced the lines that will be taken public next. Delays and cancellations both rose sharply over the three months after it [...]
‘Grotesquely unfair’: 700,000 Brits caught in 60 per cent tax trap October 2, 2025 There are growing calls for the government to overhaul tax rules for top earners after fresh data obtained by City AM revealed just under 700,000 Brits are now caught in the so-called 60 per cent tax trap. Another 74,000 taxpayers were added to the punitive £100,000-£125,000 income bracket during the 2024/25 tax year, according to [...]