Carlyle announce deal with Formula 1 team Red Bull September 9, 2025 Global investment firm Carlyle has announced a multi-year strategic partnership with Formula 1 team Red Bull in a first-of-its-kind deal. The Nasdaq Carlyle Group, with a market cap of $23bn, will use its partnership with the Formula 1 team title sponsored by Oracle to “open new avenues” for engagement, global connectivity and technology. And their [...]
UK economy dubbed ‘stagflation-lite’ as Starmer talks up ‘patriotic’ growth mission September 9, 2025 The UK economy is not expected to have recorded any growth in the month of July as leading analysts suggest that a lack of clarity over Labour’s future policies are hitting firms – despite a call from the prime minister for ministers to take on a “patriotic duty” to drive growth. Rachel Reeves and Keir [...]
Tube strikes: RMT threatens Elizabeth Line disruption next September 9, 2025 As Tube strikes stretch into a third day of disruption, the RMT trade union has now threatened to hit the Elizabeth Line with industrial action. From Sunday evening, tube drivers went on strike over the working hours of union members, who enjoy a salary of around £65,000, as RMT’s new boss Eddie Dempsey is demanding [...]
Pret A Manger writes down value by a third amid £525m losses September 9, 2025 Pret A Manger has written off a third of the value it was handed after its 2018 acquisition by European investment group JAB as an uncertain UK economy puts pressure on the sandwich chain. The group made a £553m non-cash impairment to the £912m goodwill on its balance sheet created as part of the 2018 [...]
University students lack basic financial knowledge, research finds September 9, 2025 Incoming university students lack basic understanding and knowledge of personal finance, leaving them at risk of running out of money, new research has found. Nearly 50 per cent of young adults felt stressed about their financial situation ahead of starting Higher Education, while four in ten didn’t feel at all prepared financially, according to retail [...]
HSBC lands £333m in dividends from takeover of Silicon Valley Bank UK September 9, 2025 HSBC Innovation Banking has handed a £333m in dividends to its parent company amid a surge in profitability after completing its first full year as a subsidiary of HSBC Group. The lender, which had been the UK subsidiary of Silicon Valley Bank until the latter’s demise in 2023, paid HSBC a special dividend of £198m [...]
FCA: ‘Large number of consumers’ wronged in motor finance deals September 9, 2025 The UK’s financial watchdog is gearing up for an industry-wide redress scheme on the historic motor finance scandal where huge swathes of customers could be eligible for compensation. Nikhil Rathi, chief executive of the Financial Conduct Authority, said there was “evidence that there have been unfair relationships between lenders and their consumers” and that a [...]
Losses balloon at Ryder Cup host Celtic Manor Resort September 9, 2025 Losses have ballooned at the company behind the former Ryder Cup host Celtic Manor Resort despite its revenue rising during its latest financial year, it has been revealed. The five-star golf, spa and hotel destination, which is located near Newport in Wales, has posted pre-tax losses of £11.3m for 2024, according to new accounts filed [...]
Leyton Orient to let fans drink beer in stands at League One fixtures September 9, 2025 Fans will be allowed to “drink beer” in the stands at Leyton Orient this weekend as the club announces a trial ahead of their League One match against Bolton Wanderers on Saturday. The club says it will offer fans the opportunity to drink low-alcohol beverages in view of their Brisbane Road pitch. The Sporting Events [...]
City veteran Lord Rose: UK is ‘at the edge of a crisis’ September 9, 2025 Lord Stuart Rose has launched a scathing attack on the government’s economic strategy, claiming the UK is “at the edge of a crisis.” The City veteran told Times Radio: “I think we should all be worried about the state of Britain today. “Now, I am absolutely an optimist in my life. I’ve been working for [...]