High street firms facing extra £1bn tax bill next month as relief slashed March 10, 2025 Shops, restaurants and pubs across England are facing an extra £1bn in taxes when a discount is cut next month, adding to a “tsunami” of rising costs hurtling toward the sector, according to new analysis. Businesses in London will be hit hardest by changes, tax and software firm Ryan found. Firms in the retail, leisure [...]
If we want our economy to grow, our skyline must go up, up, up March 10, 2025 The City's skyline is always changing, but if we want our economy to grow bigger, it must go higher, writes Chris Hayward.
Housebuilder Persimmon to post higher profit amid slow recovery in demand March 9, 2025 Housebuilder Persimmon is expected to report a rebound in profits next week after two years of steep declines, after the housing market made a slow recovery in 2024. The FTSE 100 company will post its financial results for last year on Tuesday In January, Persimmon said profit would come in towards the top end of [...]
International Women’s Day: Women Empowering Women to Accelerate Change March 7, 2025 It’s often said that when women support each other, incredible things happen. Nowhere was that more evident than at the 2025 Power of Women event, hosted by Dress for Success Greater London earlier this week. Held at Blue Orchid Hospitality’s The Skyline London, the event marked a decade of empowering women and advancing resilience, leadership, [...]
Royal London to share £181m of profits with customers March 7, 2025 Royal London’s profits soared last year and it’s planning to hand some of this back to customers. Pre-tax profit at the firm grew 11 per cent to £277m, compared to £249m in 2023, after the group bolstered new businesses and consolidated its consumer book. The group announced a profit share of £181m in its annual [...]
Boots to be taken over by US private equity firm in $10bn deal March 7, 2025 Walgreens Boots Alliance (WBA), the owner of Boots, has agreed to a $10bn (£7.8bn) takeover by a US private equity firm. Sycamore Partners is expected to complete the takeover by the end of the year. The US-listed WBA said of the deal: “[Sycamore’s] experience in retail and consumer services would ensure WBA was better positioned [...]
Week in Business: Who will Rachel Reeves blame for higher taxes in Spring Statement? March 6, 2025 City AM Editor Christian May looks at the biggest business stories in his weekly video, today focusing on the UK economy and upcoming Spring Statement.
Klarna set for US IPO in snub to London markets March 6, 2025 Swedish fintech Klarna is looking to raise a minimum of $1bn (£777m) in a US initial public offering (IPO), sources told Bloomberg. Klarna’s US filing, which could come as soon as next week, will see the firm target a valuation of more than $15bn in the New York Stock Exchange, according to people familiar with [...]
City favourite Pitch Golf opens Canary Wharf flagship March 6, 2025 City golf favourite Pitch has expended its footprint in the capital with a flagship Pitch Wharf venue near the Isle of Dogs. The waterside Canary Wharf venue was launched last month with a vibrant party across its two-floor space, which is within touching distance of the London underground and the famed financial hub. Pitch Wharf [...]
‘It’s not enough to do good work, you have to tell people’: Naomi Tarawali on making it in law March 6, 2025 Naomi Tarawali became a partner at global law firm Cleary Gottlieb aged just 33. She tells us how in this week's Square Mile and Me.