Bentley’s debut EV drives £1bn motoring investment surge in a week September 23, 2026 Britain’s automotive industry is set to get an extra £350m of investment as Bentley drives new funding into its headquarters in Crewe to build its first fully electronic vehicle, marking the third major boost in a week for the sector. The announcement takes the total figure of fresh investment into the UK’s automotive industry in [...]
Collagen business founder loses £3.6m tax battle September 23, 2026 The founder of a collagen company has lost a battle over a £3.6m tax bill after a judge ruled his product could not be classified as food and therefore cannot claim VAT exemption. Tony Sanguinetti founded Minerva Research Labs in London in 2009 after he “became slightly obsessed with finding a way to reverse the [...]
Red Bull spent £1.3bn on athletes like Stokes, Verstappen and Neymar in 2025 September 23, 2026 Red Bull spent £1.3bn on athletes like Ben Stokes marketing its energy drinks last year as the firm reported a jump in sponsorship costs. Red Bull GmbH, the Austrian conglomerate behind the wing-giving libation, saw its net income rise by 12 per cent in 2025 to over £1.6bn, according to an annual report filed with [...]
Ryanair tells Burnham: Slash taxes or we’ll cut UK flights September 23, 2026 The boss of Ryanair has warned Andy Burnham that the budget airline will cut its flight capacity in the UK if the government refuses to drop plans for a “double tax” on tourists. Michael O’Leary, chief executive of the Dublin-based carrier, has accused the government of planning to tax tourists twice, with mayors set to [...]
Legal & General to cut 1,000 jobs by middle of 2027 September 23, 2026 Legal and General plans to cut 1,000 jobs by the middle of next year as part of a push from chief executive Antonio Simoes to create a “leaner operation”. The UK’s largest asset manager informed staff on Wednesday on email that it has begun moves to eliminate 10 per cent of its workforce. The programme [...]
Every Lidl helps: German grocer’s owner poised to snap up Tesco stores September 23, 2026 The owners of Lidl are among the front runners to snap up dozens of Tesco stores as the British supermarket chain seeks to offload some of its biggest subsidiaries. Schwarz Group is expected to submit an offer for Tesco’s Czech and Slovakian businesses, according to the Financial Times, after the FTSE 100 firm said it [...]
Tottenham Hotspur lose another senior off-field figure September 23, 2026 Tottenham Hotspur have lost another senior off-field figure after the club’s chief revenue officer jumped ship to MotoGP. Ryan Norys joined the Premier League club after stints with Serie A side Roma and Major League Baseball’s Los Angeles Dodgers but is leaving to become chief commercial officer at the motorbike series after four years. It’s [...]
British cybersecurity firm plots £11m Aim float as London IPOs stir September 23, 2026 British cyber security firm Chaleit Holdings is set to float on London’s junior market next month, becoming the second company to unveil plans for a City listing on Wednesday as signs of life emerge from the capital’s battered IPO market. The Cambridge-based business expects to begin trading on Aim on 7 October with a market [...]
Natwest makes first VC fund bet in push to back British tech September 23, 2026 Natwest has made its first direct investment into an independently managed venture capital fund, joining a push by some of Britain’s biggest financial institutions to funnel more domestic money into UK tech companies. The banking giant is investing across top venture capital firm Phoenix Court’s Localglobe, Latitude and Solar funds, which back companies from their [...]
Financial literacy teaches young people to have aspiration, says Barings boss September 23, 2026 Financial literacy is crucial to teach young people to have aspiration about their future prospects, a senior leader at one of the world’s biggest investment firms has told City AM. Martin Horne, Co-Head of Global Investments at alternative asset manager Barings, said young people are able to have a much better understanding of how to [...]