After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Betfred ditch Derby sponsorship and blame Healey Budget tax hikes Sport Business Betfred have pulled out of sponsoring the Derby, citing Chancellor John Healey’s tax hikes at last month’s Budget. The gambling firm signed a deal, in two parts, to sponsor five major racing meets in the United Kingdom known as the British Classics. Feature races include the Derby and Oaks at Epsom, the St Leger – [...]
William Hill owner blames Man City dominance for revenue drop Betting The dominance of Manchester City and Arsenal football clubs at the summit of English football has dented earnings at the owner of gambling giant William Hill. Evoke reported that third quarter revenue was between one and two percentage points lower than it might have been because of a string of what it called “particularly customer-friendly [...]
Paddy Power owner to axe 1,400 jobs after Labour gambling tax raid Business Paddy Power owner Flutter has announced it will cut as many as 1,400 jobs, blaming Labour’s tax raid on the gambling sector last year. The New-York listed firm will restructure its UK and Ireland division, slashing around 15 per cent of its workforce. Redundancies will affect roles in Leeds and Dublin, as well as Portugal [...]
British tycoons raise the alarm over state of UK economy September 20, 2026 Two of Britain’s wealthiest business chiefs have launched fierce criticism against government policies and the health of the UK economy. Billionaire energy boss Sir Jim Ratcliffe and gambling entrepreneur Fred Done have separately warned about the state of the economy and direction of policy in the past 48 hours. In particular, the business chiefs claimed [...]
Mark Kleinman: English football’s New Deal heads into injury time August 6, 2026 Mark Kleinman is Sky News’ City editor and the man who gets the Square Mile talking in his City AM column New season, new deal? As England football supporters dust themselves down from the disappointment of yet another latter stages defeat on the international stage, their attention switches back to the domestic game. The most important early season [...]
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Betfred rakes in £1.5bn as founders enjoy jackpot payday January 5, 2026 The billionaire brothers who founded Betfred have shared a bumper payday after the betting giant raked in almost £1.5bn. The Warrington-headquartered business has posted a turnover of £1.45bn for the 78 weeks to 30 March, 2025. New accounts filed with Companies House also show Betfred made a pre-tax profit of £188.6m over the same period. [...]
Betfred billionaire brothers share huge Peninsula pay day December 15, 2025 The billionaire founders of betting giant Betfred have shared another bumper payday after the continued success of HR giant Peninsula. Founded by Peter Done in 1983, the Manchester-headquartered group provides services for the likes of the Co-op, Fred Perry, David Lloyd, Dreams and PayPal. The group is run by Peter Done and is a separate [...]
Paddy Power founder: Bookies ‘scaremongering’ over tax hike damage October 28, 2025 The betting sector is “scaremongering” over the potential damage of a tax raid on gambling, according to the retired co-founder of Paddy Power, who said he had led similar industry warnings of job losses and store closures before other mooted tax changes. Stewart Kenny, who served as chairman and chief executive at the Irish gambling [...]
Betfred founder: Tax rises are “biggest threat” to the industry October 19, 2025 Betfred shops could vanish from UK high streets if Chancellor Rachel Reeves carries out a potential tax raid in the November budget, the company’s co-founder and chairman has warned. Fred Done, who founded the business in 1967 with his brother, hailed tax rises as the “biggest threat” to the industry he has seen in his [...]