Brighton Pier up for sale as Reeves’ tax hikes bite November 6, 2025 Brighton Pier Group, which was taken private earlier this year, has placed all its assets on the market as it battles “an extremely challenging trading environment” and the impact of Rachel Reeves’ tax hikes. In its first set of accounts since quitting the London Stock Exchange’s AIM in May, the group said it is “now [...]
High street jewellery giants struggle to sparkle November 5, 2025 Growth seems to be hard to come by in almost any industry at the moment, especially as UK business leaders brace for Chancellor Rachel Reeves to deliver her expected tax hikes later this month. But the latest set of financial results for two of the country’s largest jewellery chains has shone a spotlight on the [...]
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 [...]
The Entertainer makes huge loss as Reeves’ Budget forces job cuts November 3, 2025 The Entertainer made a raft of redundancies as a result of Chancellor Rachel Reeves’ first Autumn Budget as it fell into the red during its latest financial year, it has been revealed. Teal Group Holdings, which also includes Early Learning Centre and Addo Play, cut 41 jobs and withdraw 15 other roles which were being [...]
Harpreet Kaur: Firm founded by winner of The Apprentice collapses November 3, 2025 A company founded by Harpreet Kaur, who won The Apprentice in 2022, has been shut down owing to a six-figure sum. Oh So Yum was placed into voluntary liquidation at the end of October, according to filings with Companies House and The Gazette, with Paul Palmer of Marshall Peters appointed to oversee the process. Harpreet [...]
Salesforce: UK profit surges as 300 jobs lost November 3, 2025 The UK division of Salesforce has made another huge round of job cuts as its profit jumped by 65 per cent during its latest financial year. The firm’s headcount fell from 2,964 to 2,673 in 2024, new accounts filed with Companies House have revealed. The reduction comes after Salesforce also cut more than 450 jobs [...]
Facebook cuts 660 UK jobs as revenue nears record November 3, 2025 Facebook cut more than 600 UK jobs as its revenue passed the £3bn mark in 2024, it has been revealed. The London-headquartered arm of the US giant reduced its headcount from 6,338 to 5,679 during its latest financial year. The fall comes after Facebook’s UK headcount had stood at 7,053 at the end of 2022. [...]
JD Sports-owned Go Outdoors returns to profit but cuts more jobs October 27, 2025 Go Outdoors, the retailer owned by FTSE 100 giant JD Sports, returned to profit as it cut more jobs in the wake of Chancellor Rachel Reeves’ tax hikes, it has been revealed. The business said it has reduced its headcount as it “faced significant cost headwinds” including the increase in the National Living Wage, a [...]
Petroineos: Sir Jim Ratcliffe-backed energy giant loses $250m October 24, 2025 Petroineos, the energy trading company backed by Sir Jim Ratcliffe, lost $250m (£187.5m) in 2024 as it slumped into the red for the first time since 2020, it has been revealed. The Jersey-based business has reported the pre-tax loss after posting a profit of $30m in 2023. The results for the previous financial year were [...]
Eon Productions’ James Bond pay day revealed October 23, 2025 Eon Productions received $20m (£15m) from the sale of the James Bond franchise earlier this year, it has been revealed for the first time. In February, James Bond producers Barbara Broccoli and Michael G. Wilson agreed to sell creative control to Amazon MGM Studios for a reported $1bn. Exact financial terms of the deal, which [...]