Arthur Ashe Stadium: World’s biggest tennis arena to get even bigger May 20, 2025 The world’s biggest tennis arena, Arthur Ashe Stadium, is set for a major upgrade as part of an $800m (£600m) redevelopment of US Open venue Flushing Meadows. A $250m (£185m) state-of-the-art player performance centre to be named after pioneer Billie Jean King is the other main aspect of the project, which is due for completion [...]
Is HSBC turning its back on Europe? May 20, 2025 When Georges Elhedery took the helm at HSBC, he wasted no time making his mark on the firm. Elhedery plotted a “simpler, more dynamic and agile organisation” in his sweeping restructure first announced in October 2024. One significant change introduced by the new bank chief was splitting the business into “eastern markets” covering the Asia-pacific [...]
Saga CEO’s pay nears £2m as losses widen May 20, 2025 The chief executive of Saga, the insurance, travel and financial services giant, took home almost £2m for its latest financial year, it has been revealed. Mike Hazell has received a pay packet of almost £1.9m for the London-listed group’s year to 31 January, 2025, according to its annual report – his first full year in [...]
Diploma: Shares in FTSE 100 firm rocket after profit upgrade May 20, 2025 Shares in FTSE 100 firm Diploma rocketed on Tuesday after the firm upgraded full-year guidance and delivered a strong performance for the first six months of its financial year. In its half-year report, the company, which distributes specialised technical products and services, noted a 14 per cent jump in revenue to £728.5m. Organic revenue growth [...]
Tesco and Sainsbury’s supplier hit in latest cyber attack May 20, 2025 A key logistics supplier to several of the UK’s major supermarkets, including Tesco and Sainsbury’s, has confirmed it is being held to ransom by hackers following a cyber attack that disrupted operations this week, following a string of assaults on UK retail in the last month. Peter Green Chilled, which also supplies Aldi, said it [...]
Are cyber attacks about to become the norm for British retailers? May 20, 2025 In the last month, cyber attacks have gone from a destructive but uncommon issue to the top of most Brit’s news feeds. Marks and Spencer’s, Co-op, Harrods – plus the international Dior and Coinbase – have all been the target of attacks in the last months, with more unsuccessful or smaller attacks likely to have [...]
Card Factory CEO takes home bumper pay rise May 20, 2025 The chief executive of Card Factory has seen his pay packet jump to more than £1.5m after the company’s sales surged. The West Yorkshire-headquartered retailer has handed Darcy Willson-Rymer the pay rise for its latest financial year, taking home £942,559 in the prior 12 months. The main change to the CEO’s salary was the £531,567 [...]
Smiths Group: Shares jumps as demerger on track May 20, 2025 British engineering firm Smiths Group posted a boost to revenue in the third quarter as it progressed on demerger plans. The group’s revenue jumped 10.6 per cent on the back of “strong performance and momentum in the order book”. Shares in the group rose over two per cent to 2,100p during early trading on Tuesday. [...]
Cranswick: Hummus and chicken demand boost supermarket supplier May 20, 2025 Supermarket supplier Cranswick has beaten profit expectations due to strong demand for fresh products and two meaty acquisitions. The FTSE 250 company told markets this morning that revenue grew 6.8 per cent in the 52 weeks to March 29, from £2.6bn to £2.73bn. Its share price ticked up two per cent in early trades following [...]
Tony Matharu, mechanical elephants and the London Sports Festival May 20, 2025 Hotelier and Central London Alliance founder Tony Matharu on why he created the London Sports Festival – and why 2025 will be bigger than ever. For Tony Matharu, it all goes back to a giant mechanical elephant and the power of the spectacle. It was the hotelier and philanthropist’s 2006 patronage of immersive theatre show [...]