London Spirit: Tech titans strike Nike kit deal in Hundred first July 30, 2025 London Spirit’s new part-owners, Silicon Valley-based consortium Cricket Investor Holdings, have agreed a kit deal with Nike for the Hundred franchise which will begin next year. The Nike deal is the first bespoke commercial contract secured by one of the Hundred teams, as sponsorship deals have previously been sold centrally by the England and Wales [...]
Agritech firm Vertical Future put up for sale on insolvency marketplace after losses widen July 30, 2025 One of Britain’s biggest vertical farming businesses has been put up for sale on an insolvency marketplace after reporting widening losses, City AM can reveal. London-based Vertical Future, which has raised more than £37m in capital since it was founded in 2016, saw its losses surpass £10m in 2024 after turnover tumbled from £6.7m to [...]
Exclusive: Airwallex to bulk up UK workforce after rapid growth July 30, 2025 Singaporean fintech unicorn Airwallex has its sights set on UK expansion after a period of rapid growth. The cross-border payment specialist – which counts Shein, Brex and Rippling among its customers – recorded a 95 per cent annual jump in global revenue to $850m in the last year, with UK takings jumping 109 per cent [...]
Just 904 new homes registered in London in past 3 months July 30, 2025 The number of new home registrations in London has more than halved as firms shy away from building in the capital. Just 904 new homes were registered in the second quarter of 2025, down from 2,191 in the second quarter of 2024, according to the National House Building Council (NHBC). London continues to be affected [...]
Cosmetic surgery businesses in firing line for HMRC clampdown July 30, 2025 HMRC has launched a number of investigations into cosmetic surgery providers for not paying VAT – and cases are likely to rise, according to a law firm. Some providers of botox, dermal fillers and hair transplants have been operating on the misunderstanding that such procedures are VAT-exempt under a provision for medical care, law firm [...]
Motor finance: ‘Nothing is certain’ as banks await historic ruling July 30, 2025 The Supreme Court will hand down what could be the “most consequential ruling for lenders” in recent history on Friday in the dramatic culmination of the motor finance saga. In a twist, the highest court in the land surprised the market last Friday evening after updating its system with the information that it will announce [...]
Cut tax for under 35s or watch them leave the country July 30, 2025 The most pressing choice I faced over the past week was whether to swim in the pool or the sea. We lounged our way from lazy lunch to long dinner, occasionally mustering the energy to stroll to the boulangerie. As I put the key in the front door of our south London home last night [...]
UK risks squandering AI investment without urgent action on data centres July 30, 2025 The UK could lose out on billions of pounds in AI investment unless it tackles growing obstacles to data centre development, a new report has warned, as infrastructure experts urge the government to move faster on planning reform and energy policy. The ‘how to make the UK an AI leader’ report, published by techUK, the [...]
Youtube becomes UK’s second most-watched media platform July 30, 2025 Youtube has overtaken ITV to become the second most-watched media brand in the UK – behind the BBC – thanks to an ever increasing loyalty from young audiences, according to an annual report from Ofcom. Viewers spent an average of four hours and 30 minutes a day watching either the TV or other video content [...]
Retail investors cool on AI and pile into defence sector July 30, 2025 Retail investor appetite for AI stocks has cooled as geopolitical tensions spark a surge in enthusiasm for the defence sector. Over 50 per cent of retail investors believe the defence sector will deliver the strongest growth over the next six months, according to new research from online investing and trading platform IG. AI-related industries slipped [...]