Asda-owned Leon cuts hundreds of jobs as work from home trend bites September 17, 2025 Leon has axed hundreds of jobs as it bemoaned a “challenging” year in which it wrestled with high cost inflation and depressed customer spending. The Asda-owned fast-food chain cut its headcount by 17 per cent, or 224, to 1,120 over the course of 2024, its latest accounts show, as it sought to bear down on [...]
Housing market ‘demonstrating remarkable resilience’ ahead of Autumn Budget September 17, 2025 House prices ticked up in July as Brits still showed a ‘good appetite’ for home ownership despite affordability challenges and uncertainty ahead of the Autumn Budget. Average house prices increased 2.7 per cent to £292,000 in England, two per cent to £209,000 in Wales, and 3.3 per cent to £192,000 in Scotland in the 12 [...]
PwC UK profits edge up as headcount reductions take effect September 17, 2025 Big Four giant PwC UK has shown steady financial recovery, with revenue, profits, and profit per partner all increasing slightly compared to the previous year, largely due to the implementation of headcount cuts. For the year ended 30 June 2025, PwC UK generated £6.35bn in revenue, up 0.4 per cent on the previous year. Its [...]
Titanic Quarter sinks further into the red as losses mount September 17, 2025 Losses at a string of companies related to the landmark Titanic Quarter development in Belfast have widened during their latest financial years, new documents show. The companies, which are controlled by businessmen Dermot Desmond and Pat Doherty, are all involved in the development of the 161.5-acre site. Belfast’s Titanic Quarter is home to more than 100 companies with [...]
Temu: UK sales and profit double as Shein court battle looms September 17, 2025 Sales and profit at the UK arm of Chinese online marketplace Temu almost doubled during its latest financial year, it has been revealed. For 2024, the division achieved a revenue of $63.2m (£46.3m), up from the $32.1m it achieved in 2023. New accounts filed with Companies House also show its pre-tax profit jumped from $2m [...]
The Long Tail: The crucial role of Managing General Agents September 17, 2025 As the fastest-growing segment in property and casualty (P&C) insurance globally, managing general agents (MGAs) are attracting significant investment and playing a crucial role in closing the protection gap. MGAs utilise capital from large insurers to underwrite on their behalf, allowing insurers access to specialised product lines without having to build in-house capabilities. In the [...]
Nvidia bets £11bn on UK AI with GPU deal, amid Trump state visit September 17, 2025 Nvidia is pumping up to £11bn into Britain’s AI ecosystem in a move that will see the UK host Europe’s largest GPU cluster by 2026, with 120,000 of its latest Blackwell Ultra chips deployed across new data centres. The investment, unveiled late on Tuesday and timed to coincide with President Donald Trump’s state visit to [...]
Inflation: Brits ‘paying the price for years of poor economic management’ September 17, 2025 Inflation hit 3.8 per cent in the year to August, according to official data, sending a warning to Bank of England officials ahead of a crucial interest rate vote on Thursday. The previous reading for inflation in July was 3.8 per cent, with the August figure likely to confirm Bank of England rate-setters will vote [...]
Raine Group: Inside bank behind Chelsea, Man United and Hundred deals September 17, 2025 When a team or sporting entity changes hands, those doing the buying and selling usually command the headlines and screentime; think the Glazer family and Sir Jim Ratcliffe, or Roman Abramovich and Todd Boehly. But these well-known individuals could not complete their often multi-billion-pound transactions on their own. Enter, then, the Raine Group, the advisory [...]
Manchester City’s new Etihad Airways deal yet to take off despite Premier League deal September 17, 2025 Manchester City’s controversial sponsorship and naming rights deal with Etihad Airways has not yet been waved through as part of the club’s Associated Party Transaction settlement with the Premier League. The new long-term deal, which was blocked by the Premier League’s independent assessors two years ago, must still go through the top-flight’s Fair Market Value [...]