Issa brothers finally repay EG Group loan used to buy private jet October 14, 2025 The Issa brothers have finally repaid the huge loan they borrowed from their own forecourt and retail empire to buy a private jet, City AM can reveal. The billionaire duo had owed as much as $41m (£31m) to EG Group via an Isle of Man-based company they controlled called Clear Sky 2, which was used [...]
Asda credit card firm Jaja Finance warns of ‘material uncertainty’ over going concern status October 7, 2025 The firm behind the Asda credit card has warned of “material uncertainty” over its ability to continue as a going concern after reporting widening losses, City AM can reveal. Jaja Finance, a fintech co-owned by billionaire Mohsin Issa and private equity firm TDR Capital, said it had “substantially advanced” but not yet completed a new [...]
Profit spikes at Asda billionaire’s property empire September 29, 2025 Profit at the property empire co-founded by a billionaire backer of supermarket giant Asda spiked to a new record in 2024, it has been revealed. Monte Blackburn was set up by brothers Mohsin and Zuber Issa in 2016 and has a number of property interests across the North West of England. The billionaire brothers, who [...]
Losses almost tripled at Sale Sharks owner’s £1bn empire before takeover September 18, 2025 Losses at the empire built up by Simon Orange, the self-made millionaire who co-owns rugby union side Sale Sharks, almost tripled in the year before being taken over. Cheshire-based CorpAcq counts more than 40 businesses as part of its portfolio including the likes of Cotton Traders but does not include the Prem Rugby club. The [...]
Asda boss slams tax hikes: ‘Businesses have to be allowed to invest’ August 28, 2025 Asda chair Allan Leighton has warned that the Government must change the way it thinks about growth or risk a stagnating economy. Ahead of Asda’s quarterly results – where the grocer reported its fourth consecutive quarter of improving like-for-like sales – Leighton said that the company has a “simple philosophy… if you want growth, you [...]
Billionaire Issa brothers shrink empire ahead of blockbuster IPO August 14, 2025 The forecourts empire founded by the billionaire Issa brothers has sealed a second deal this week to sell off part of its international business as it works up to a possible blockbuster float in New York. Blackburn-headquartered EG Group has agreed to dispose of its operations in Australia to Ampol in a deal which values [...]
EG Group: Billionaire Issa brothers sell £367m Italian arm August 12, 2025 EG Group, the empire co-founded by a major investor in supermarket giant Asda, has sold its Italian division in a deal which values it at €425m (£367m). The Blackburn-headquartered group has agreed terms with a consortium of established Italian operators comprising PAD Multienergy S.p.A., Vega Carburanti S.p.A., Toil S.p.A., Dilella Invest S.p.A. and GIAP s.r.l. [...]
Asda loses £600m amid major turnaround plan June 25, 2025 Asda slumped back into the red after losing almost £600m in 2024 despite its total sales rising by more than £1bn, it has been revealed. The Leeds-headquartered supermarket giant has posted a pre-tax loss of £599m for its latest financial year, having reported a pre-tax profit of £180.3m for 2023. The profit in 2023 came [...]
Sale Sharks tycoon Simon Orange buys steel giant June 17, 2025 The co-owner of rugby union side Sale Sharks, Simon Orange, has bought the UK’s second-largest steel contractor just a few months after selling his investment business in a deal worth more than £1bn. Self-made millionaire Orange, whose brother Jason was an original member of Take That, has snapped up a majority stake in Greater Manchester-based [...]
David Lloyd: Padel and pickleball help chain make first profit in over a decade June 13, 2025 The rising popularity of padel and pickleball has helped health club chain David Lloyd make a profit for the first time since being acquired by private equity giant TDR Capital. The Hertfordshire-headquartered chain has reported a pre-tax profit of £32.2m for 2024, new accounts filed with Companies House have revealed. The results come after the [...]