Brentford stake sale to value club at £400m July 15, 2025 The owner of Premier League club Brentford could offload up to 25 per cent of his holding in the Bees today in a deal that could value the London club at £400m. The wealthy businessman who ran Belron, owners of Autoglass, Gary Lubner, and the Kingsman and Kick-Ass Hollywood film-maker Matthew Vaughn are expected to [...]
Bank of England unveils shake up of financial crisis banking rules July 15, 2025 The Bank of England has unveiled a sweeping package of reforms aimed at easing the regulatory burden on smaller and mid-sized banks, marking a major shakeup of the post-financial crisis rulebook. The central bank’s changes include a one-year delay to key parts of the Basel 3.1 reforms – the UK’s version of international banking rules [...]
Mobico: National Express owner rises after tying up US school bus sale July 15, 2025 Shares in Mobico jumped on Tuesday after the owner of National Express closed a deal with private equity for its North American school bus business. The London-listed transport group announced the £457m sale to I Squared Capital back in March as it looked to cut costs and revitalise the business following a string of downbeat [...]
Minister says only ‘average incomes’ up to £39k safe from Reeves’ tax hikes July 15, 2025 A government minister has said that Labour will stick to its manifesto commitment not to raise personal taxes, at least for those on “average incomes” – earning up to £39,000. Successive ministers over multiple days of media rounds have been caught in an increasingly tangled mess of definitions of what it means to be “wealthy”, [...]
Zip World: Losses revealed ahead of £100m takeover July 15, 2025 Adventure park operator Zip World fell into the red before being acquired by a private equity firm in a deal worth £100m, it has been revealed. In January, City AM reported that the Wales-headquartered company had become the latest investment for Dolphin Capital. The firm currently runs eight sites in Wales, Manchester, Cumbria and London [...]
Manchester City to earn £1bn from new kit deal with Puma July 15, 2025 Manchester City are set to cash in on over £1bn from their new long-term kit deal with Puma, City AM understands. The German sportswear manufacturer first partnered with Manchester City in 2019 on a 10-year deal reportedly worth £650m across the decade. But this week’s renewal, which is understood to last for more than a [...]
Rory Fever set to double financial impact of Open at Portrush July 15, 2025 Rory Fever is expected to help double the financial impact of this week’s Open Championship at Royal Portrush compared to its last visit to Northern Ireland six years ago. The 2019 Open, won by Irishman Shane Lowry, produced £100m of economic benefit but improved transport links, more accommodation options, and home favourite Rory McIlroy’s return [...]
Lloyds Bank-owned firm slumps into the red after huge profits July 15, 2025 Lex Autolease, the car leasing company owned by Lloyds Bank, has fallen into the red two years after posting a profit of more than £500m. The firm, which is headquartered in London, has reported a pre-tax loss of £10.6m for 2024, according to new accounts filed with Companies House. The total comes after the business achieved [...]
Starling mulls US listing in blow to Rachel Reeves’ fintech push July 15, 2025 The finance boss of Starling Bank has confirmed the firm is open to a US listing in a blow to Rachel Reeves’ hopes for a fintech-powered London market revival. Declan Ferguson, the chief financial officer of Starling, said the fintech had not formed a “concrete view” on which market the neobank would be most suited [...]
‘At least a decade’ to turn Thames Water around, CEO says amid £1.6bn loss July 15, 2025 The boss of Thames Water has said it will take “at least a decade” to turn the company around as it posted a loss of £1.6bn. The loss for the year to end March compares to a small profit of £157m the prior year and comes despite an 8.7 per cent rise in turnover during [...]