Rents rise at slowest rate for four years, Zoopla warns September 12, 2025 Skyrocketing rents in the UK have given way to a steadier increase as the supply of homes rises and tenant demand falls, according to new figures. Average rents are 2.4 per cent higher than a year ago, the lowest annual rate in four years and less than half of that recorded 12 months ago, Zoopla [...]
Reddit’s Alexis Ohanian says Chelsea Women could be worth $1bn September 12, 2025 Reddit co-founder and Chelsea Women investor Alexis Ohanian has said interest from the United States could turn the London club into a billion-dollar business. Ohanian, who is married to tennis legend Serena Williams, purchased a stake in Chelsea Women in May, believed to be around 10 per cent at a £20m valuation. The investment valued [...]
Ironman inks record-breaking partnership with Experience Oman September 12, 2025 Triathlon brand Ironman has agreed what it believes to be the biggest commercial in the sport’s history with the tourist board of Oman. The five-year deal is understood to be worth more than $40m (£30m) and will see Experience Oman embark on a multi-faceted partnership with the race organiser. It will see Muscat host the [...]
Toyota’s UK profit almost wiped out amid ZEV mandate battle September 12, 2025 Toyota’s UK profit has almost been wiped out as the carmaker battled a decline in market share and compliance with the ZEV [Zero Emission Vehicle] mandate. The Surrey-headquartered division has posted a pre-tax profit of £462,000 for the 12 months to 31 March, 2025, down from the £11.5m it achieved in the prior year. New [...]
Barclays boss: UK banks are taxed too much September 12, 2025 Ahead of the Autumn Budget, Barclays’ chief executive has called on the government to curb pay rises for public sector workers and to avoid increasing taxes on banks. Speaking to the Financial Times, CS Venkatakrishnan said “we need to find a way to curb wage inflation,” and emphasised the need to curb expenditure at the [...]
HMRC loses over £800m to small business ‘phoenixing’ September 12, 2025 HM Revenue & Customs (HMRC) has lost more than £800m – more than previously estimated – through a tax loophole open to abuse by small businesses in the UK. The practice, known as ‘phoenixing‘, is where companies are repeatedly liquidate then set up as a new, identical, debt-free business. The tax authority lost £836m to this [...]
Rugby is crying out for celebrity investment September 12, 2025 If you take a gander across the sporting landscape there’s a plethora of celebrity faces propping up a new kind of club. Take Ryan Reynolds and Rob McElhenney at Wrexham, or Tom Brady at Birmingham City; both clubs have been propelled to stardom off the field as a result of celebrity investment – with the [...]
UK economy sees zero growth amid Labour’s summer troubles September 12, 2025 The UK economy failed to grow in July, according to official data, with the Labour government struggling to drive growth despite its core commitment to do so. The Labour government has doubled down on its “growth mission” by making a string of new economics-focused appointments across ministerial and advisory roles, and establishing a business-friendly board [...]
Audit watchdog launches ‘bold new programme’ to support growth at smaller firms September 12, 2025 The audit regulator has unveiled a new initiative aimed at enhancing the presence of the UK’s small audit firms in the Public Interest Entity market. The Financial Reporting Council (FRC) has initiated a new and more proportionate supervisory approach, designed to enhance audit quality and reflect the unique needs of smaller firms. The body will [...]
Spotlight turns to FTSE 100 clients of Peter Mandelson’s advisory firm after government sacking September 12, 2025 After Peter Mandelson’s dramatic ousting from government over his close relationship with paedophile Jeffrey Epstein, the firms that chose to partner with his consultancy Global Counsel have come under the spotlight. More than two dozen major corporations hired Global Counsel to conduct lobbying services over the past two years, disclosures from the Office of the [...]