UK class actions worth £135bn but landmark losses raises questions over regime August 11, 2025 The popularity of class actions continues to rise as the UK remains one of Europe's most active jurisdiction with the total value of cases in the UK surpassing £135bn in 2024.
Faberge offloaded by stone miner Gemfields August 11, 2025 Luxury jewellery maker Faberge has been sold by its London-listed owner Gemfields to a tech entrepreneur in a deal worth $50m (£37.2m). The firm, best known for its opulent, ornate eggs, was sold to Sergei Mosunov’s US-based private equity house, SMG Capital, after coloured stones miner Gemfied announced a strategic review of the brand, after [...]
Bank of England interest rate cut offers modest boost for UK SMEs August 11, 2025 The Bank of England’s recent decision to reduce its base interest rate from 4.25 per cent to four per cent marks the first time borrowing costs have fallen to this level since March 2023, offering a modest reprieve for UK small and medium-sized enterprises (SMEs) after two years of elevated rates. According to new analysis [...]
Trustpilot boss: If I was Keir Starmer for the day, this is what I’d do August 11, 2025 The chief executive of FTSE 250 firm Trustpilot has revealed what his first order of business would be if he succeeded Sir Keir Starmer as Prime Minister for just one day. Speaking on an up-coming episode of City AM‘s Boardroom Uncovered show, Adrian Blair pointed to his desire to go after what he described as [...]
UK economy expected to rebound August 11, 2025 The UK economy is expected to have returned to growth in June after two consecutive months of declines amid concerns about the impact President Donald Trump’s tariffs have had on the economy. Economists polled by Bloomberg expect the Office for National Statistics (ONS) to post UK growth of 0.2 per cent for June when the [...]
Palace relegated from Europa League with Forest to take their place August 11, 2025 Crystal Palace’s relegation from the Europa League to the Europa Conference League has been decided after the Eagles lost their appeal at CAS. A club delegation, headed up by club co-owner and chairman Steve Parish, argued their case to the Court of Arbitration for Sport in Lausanne last week but the judgment set to be [...]
Peaty stars for Team Gordon Ramsay at London T100 Triathlon August 11, 2025 British Olympic swimmer Adam Peaty starred for future father-in-law Gordon Ramsay’s team at the London T100 Triathlon. The three-time gold medal winner finished his Olympic distance triathlon in a time of 2:34:37, nearly 10 minutes quicker than the next best Team Ramsay competitor. The Michelin star chef did not compete on doctor’s advice. “That was [...]
Nvidia and AMD to pay US 15 per cent cut on China chip sales August 11, 2025 US chipmakers Nvidia and AMD have agreed to hand over 15 per cent of their Chinese revenues to Washington in exchange for the green light to resume sales of high-powered AI chips to the country, in what industry analysts have called an “unprecedented” arrangement. The deal, first reported by the Financial Times, applies to Nvidia’s [...]
The Entertainer: Staff eye tax-free bonuses as founders cede control August 11, 2025 Almost 2,000 employees of the UK’s biggest toy chain, The Entertainer, are set to receive tax-free bonuses after its founders handed them control of his retail empire. Gary Grant has transferred 100 per cent of his ownership in Teal Group Holdings, which he held alongside his wife Catherine, to an employee ownership trust. The move, [...]
Elon Musk’s Tesla makes bid to power UK homes August 11, 2025 Elon Musk’s Tesla has applied for a licence to supply electricity to UK homes and businesses, in a move that could see the world’s most famous electric car brand take on Britain’s energy giants as soon as next year. The application was filed late last month by Tesla Energy Ventures, the Manchester-based energy subsidiary of [...]