Blavatnik investment in Dazn tops $7bn despite Surj stake sale October 8, 2025 Billionaire Sir Leonard Blavatnik has now invested more than $7bn into sports streaming platform Dazn, having injected an extra $600m in 2024. While revenues increased by more than $300m to over $3bn and losses narrowed from $1.4bn to $936m, according to the accounts filed with Companies House for the year ending 31 December 2024, the [...]
Why the iPhone 17 Pro is the best iPhone Apple’s made in years October 8, 2025 This review of the new iPhone 17 Pro should probably start with some gushing words about the cameras, which are now capable of “optical-quality” 8x zoom, or the A19 processor that’s so powerful it requires a tiny “vapor chamber” to cool it down, or the screen that’s now so bright you could use it on [...]
Kemi Badenoch pledges to abolish stamp duty October 8, 2025 Tory leader Kemi Badenoch has pledged to abolish stamp duty on primary residences to help support people moving into their first home as she centred her speech on backing people wishing to “get ahead in life”. In a speech delivered to Conservative Party members at its Manchester conference, Badenoch said the Tories would cut stamp [...]
Bank of England sounds alarm on ‘high risk’ AI bubble October 8, 2025 The Bank of England has warned of the potential for a “sharp correction” in global markets due to the “stretched” stock valuations from the artificial intelligence (AI) boom. The central bank’s Financial Policy Committee has warned a crash in the roaring value of US tech giants could spark trouble overseas. “A crystallisation of such global [...]
Ministers planning drug pricing shake-up to stem pharma exodus October 8, 2025 Ministers are drawing up a radical overhaul of NHS spending rules in a bid to shore up the UK’s world-leading life sciences industry after a string of pharma giants cancelled major UK investment projects. In what would amount to one of the largest shake-ups of NHS drug purchasing rules in recent history, the Prime Minister [...]
Britain and US win race to launch first Ryder Cup of padel October 8, 2025 First came the America’s Cup in sailing, then golf’s Ryder and Solheim Cups, and more recently the Laver Cup in tennis – now padel has its own transatlantic team competition, the Anglo American Padel Cup, and its inaugural edition begins in London this week. The competition features some of the leading players from two emerging [...]
‘Hard to accept’: Small firms round on energy intensive subsidies October 8, 2025 So-called standing charges are going up by as much as 94 per cent for all businesses bar the most energy intensive come April. Many are up in arms, writes Ali Lyon Even businesses like Michael Morris’s Beachcomber Amusements – a traditional arcade that treats guests in the small Fife town of Leven to games of [...]
JP Morgan beefs up seaside UK office as it backs ‘talent of tomorrow’ October 8, 2025 US banking juggernaut JP Morgan has announced a hefty UK investment as part of plans to beef up its home base in the country. The bank said it will invest over £300m into its Bournemouth campus, which will help facilitate a new building and upgraded facilities for the sites 5,300 employees. The firm – which [...]
Yodel: Losses double at UK’s second-worst parcel delivery firm October 8, 2025 Losses at Yodel, which was named as the second-worst parcel delivery firm in the UK in 2024, have more than doubled as its revenue was slashed. The Liverpool-headquartered business has reported a pre-tax loss of £105.2m for its latest financial year. The total comes after Yodel also lost £48.2m in 2023. New accounts filed with [...]
Porsche: UK revenue in £300m reverse as car sales slashed October 8, 2025 Revenue at the UK division of Porsche was cut by more than £300m in 2024 as it sold 4,000 fewer luxury cars. New accounts filed with Companies House have revealed the UK arm’s revenue fell from £1.92bn to £1.62bn during its latest financial year. Over the same period, its pre-tax profit also declined from £44.6m [...]