Euro weakens as markets rally following EU-US trade deal July 28, 2025 The euro fell against the dollar in early morning trading, as currency markets focused on the risks to the European economy from the EU-US trade deal despite a positive reaction from global stock markets. The currency was down 0.5 per cent against the dollar at $1.169, wiping away gains made last week after Trump’s “big [...]
Lionesses to celebrate Women’s Euros triumph with open-top bus parade July 28, 2025 The Lionesses will celebrate their Women’s Euros triumph with an open-top bus parade through central London on Tuesday. England defeated Spain on penalties in a dramatic final on Sunday in which Chloe Kelly netted the decisive kick after the Lionesses once again came from behind to force extra time. The Lionesses flew home from Switzerland [...]
LNER revenue passes £1bn as cancellations cut July 28, 2025 LNER, which operates most services on the East Coast Main Line, saw its revenue pass the £1bn mark as it cut the number of trains it cancelled during its latest financial year. The business, which is owned by the Department for Transport, has seen its revenue increase from £866.5m in the year to 31 March, [...]
Everyman: Shares in luxury cinema rise after revenue spikes July 28, 2025 Shares in Everyman spiked nearly five per cent morning after the upmarket cinema group reported double digit profit growth. The chain, which has 48 venues across the UK, told markets this morning that revenue in the first half of 2025 rose 21 per cent to £56.5m. Earnings before interest, tax, depreciation and amortization (EBITDA) rose [...]
Northern: Cancellations rise as train company’s profit grows July 28, 2025 Government-owned train company Northern cancelled more services as its profit rose during its latest financial year, it has been revealed. The number of trains cancelled by the business increased from 7.2 per cent to eight per cent in the 12 months to 31 March, 2025, new accounts filed with Companies House show. The rise in [...]
Axe The Racing Tax: British Horseracing Authority launches petition July 28, 2025 The British Horseracing Authority has called on the public to sign a petition urging the Government to “Axe The Racing Tax” and save the sport from a £330m hit. It comes as the BHA publishes independent research which estimates that the proposed tax increase would cost racing £66m a year and instantly jeopardise almost 3,000 [...]
Wayfair more than halves UK workforce in two years July 28, 2025 Online retail giant Wayfair has more than halved the number of people it employs in the UK in the space of two years, it has been revealed. The UK division of the US homewares and furniture seller had a headcount of 405 at the end of 2024, compared to 587 in 2023 and 847 in [...]
European markets rally as Trump and EU ink trade deal July 28, 2025 Markets across Europe opened in the green on Monday morning after President Donald Trump sealed a trade deal with the EU after months of discussion. The Cac 40 in Paris was up over one per cent and Germany’s DAX and Amsterdam’s AEX nearly one per cent. In London, the FTSE 100 jumped over 0.4 per [...]
Wasabi: Sushi restaurant chain sheds jobs as profit slashed July 28, 2025 Profit at popular London sushi restaurant chain Wasabi has been slashed as it shed more than 100 jobs during its latest financial year, it has been revealed. The business has reported a pre-tax profit of £2.2m for 2024, according to new accounts filed with Companies House. The latest total comes after Wasabi posted a pre-tax [...]
Goods now make up just 40 per cent of UK exports July 28, 2025 The proportion of UK exports made up of goods has sunk to a record low, with the economy ever more dependent upon services. That’s according to analysis done by the Financial Times based on Office for National Statistics (ONS) data, which found that goods now account for just 40.8 per cent of exports. Back in [...]