eBay: UK profit surges after selling fees removed October 15, 2025 Profit at the UK arm of eBay has surged despite its decision to waive selling fees impacting its revenue during its latest financial year, it has been revealed. The division of the US giant has posted a pre-tax profit of £36.5m for 2024, up from the £2.7m it achieved in 2023. New accounts filed with [...]
Rachel Reeves: We are looking at tax hikes October 15, 2025 Chancellor Rachel Reeves has revealed the government is considering making tax hikes at this year’s Budget, the first time she has made the admission in public. In an interview with Sky News, Reeves admitted that the government was considering raising tax and cutting spending to fill a fiscal hole. The Chancellor said she would “always [...]
Sumo wrestling back at Royal Albert Hall and televised free-to-air October 15, 2025 Sumo wrestling will head to the iconic Royal Albert Hall this week as the Grand Sumo Tournament headlines London. It will be the first time this level of sumo has left Japan since 1991, when the Japanese stalwart sport also arrived at South Kensington’s Royal Albert Hall. PlutoTV – which last month saw Ronnie O’Sullivan [...]
Reeves revives plan to cut cash ISA despite backlash October 15, 2025 Chancellor Rachel Reeves is looking to use the looming Autumn Budget to kickstart plans for a major overhaul of tax-free ISAs, in a bid to get people’s cash savings into domestic stocks. The Chancellor is understood to be reviving a plan to cut the tax-free limit on cash ISAs, potentially halving it from £20,000 to [...]
Graham Norton’s pay cut revealed October 15, 2025 Graham Norton’s bumper pay packet has been cut after his production company’s revenue and profit fell in 2024, it has been revealed. The TV presenter took home £2.4m last year, down from the £2.7m he received in 2023. Graham Norton’s pay is not included in the BBC’s annual star salaries list because he is paid [...]
Royal Mail slapped with £21m Ofcom fine for late deliveries October 15, 2025 Royal Mail has once again been hit with a huge fine for failing to meet its delivery targets. Regulator Ofcom has handed Britain’s postal service a £21m fine after only 77 per cent of first class and 92.5 per cent of second class mail was delivered on time, well short of the 93 per cent [...]
Scotch Whisky Association calls for spirits duty freeze as industry headwinds grow October 15, 2025 The Scotch Whisky Association (SWA) has urged the UK Government to impose a multi-year freeze on spirits duty, warning that continued inaction threatens jobs, investment and Treasury revenues. In a submission ahead of the autumn Budget, the trade body stated that recent duty increases had cost the Treasury £700m while placing a £12 tax burden [...]
US-China tensions heat up as Trump threatens to block cooking oil imports October 15, 2025 Donald Trump has threatened to cut off all imports of cooking oil from China, in another escalation of the war of words over trade between the world’s two largest economies. Trump said in a post on his Truth Social platform that the latest trade tussle with China over soybeans represents “an Economically Hostile Act”. He [...]
Salesforce cosies up to OpenAI and Anthropic amid sluggish sales October 15, 2025 Software giant Salesforce is doubling down on its partnerships with AI heavyweights OpenAI and Anthropic to bolster its flagship AI platform, ‘agentforce 360’, as uptake remains modest. At this week’s Dreamforce conference, chief executive and co-founder Marc Benioff announced: “We’re so thrilled to have our relationship with OpenAI”. “You guys are becoming a critical part [...]
‘The AI bubble won’t pop’, says Bain & Company tech expert October 15, 2025 Despite mounting speculation of a possible ‘AI bubble‘, a senior Silicon Valley investor has told City AM that some concerns may be overblown. Anne Hoecker, Silicon Valley partner at Bain & Company and head of the company’s global tech practice, told City AM on Tuesday: “When people say a bubble, it feels like something that’s [...]