Exclusive: Starling’s top investor withdraws support for London IPO Fintech Starling’s elusive billionaire backer has gone cold on his ambition for the digital bank to list in London, City AM can reveal, in a move that will heighten fears of the fintech heading to New York for its highly-anticipated IPO. Harald McPike had lobbied for the group to launch its initial public offering in London [...]
Ryanair boss could land near-£2bn payout after Elon Musk feud Aviation The boss of Ryanair could land a cash payout of as much as £1.7bn if the world’s richest man, Elon Musk, acts on his threats to buy the airline. Michael O’Leary, who has been chief executive of the County Dublin-based business for more than 30 years, has accumulated the sixth-largest stake in the company, with [...]
Here’s one New Year’s resolution worth trying: Becoming a billionaire Investing A new year has rolled around again – a time for many to put their thinking caps on and set some life goals. A gym membership is one of the most popular resolutions, but is also one of the worst-kept (ask a gym manager how busy Februaries are compared to Januaries). For the less active [...]
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 [...]
Steel mogul Lakshmi Mittal leaves UK for Switzerland and Dubai November 23, 2025 Lakshmi Mittal, the steel mogul who was one of Britain’s richest people, has now left the country and become a resident in Switzerland for tax purposes, it has been reported. Mittal has long been one of the billionaires rumoured to be leaving the UK in response to Rachel Reeves’ tax plans. In March this year, [...]
Profit slashed at billionaire’s asylum accommodation empire November 5, 2025 Profit at one of the Home Office’s providers of asylum accommodation has been slashed in half during its latest financial year, it has been revealed. Clearsprings Ready Homes, which is run by ‘asylum king’ Graham King, has posted a pre-tax profit of £58.7m for the 12 months to 31 January, 2025. That total is down [...]
Autumn Budget: JCB boss calls on Reeves not to do anything ‘daft’ October 22, 2025 The chief executive of JCB has called on Chancellor Rachel Reeves not to do anything “daft” in her Autumn Budget which would deter inward investment. Graeme Macdonald, who leads the Staffordshire-headquartered manufacturing giant under chairman Lord Anthony Bamford, said he’s “not optimistic” about the Budget next month, adding that Reeves is “definitely” going to raise [...]
Specsavers: Sales and profit rise as bumper pay day scrapped October 14, 2025 Specsavers has scrapped the bumper dividend it has been handing to its billionaire owners despite its sales and profit growing during its latest financial year. The chain has paid out £15m in each its last two financial years to founders Dame Mary Perkins and her husband Doug. Over that time, Specsavers’ turnover has increased from [...]
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 [...]
Del Boy billionaire’s empire returns to profit after rescue deals October 9, 2025 The retail empire owned by the so-called ‘Del Boy billionaire’ and behind The Range and Wilko, returned to the black before rescuing the Homebase brand, it has been revealed. Chris Dawson’s Norton Group Holdings has reported a pre-tax profit of £10.5m for the year to 2 February, 2025, new accounts filed with Companies House show. [...]