Draper calls on government to invest in tennis and padel May 20, 2025 British No1 Jack Draper is among a number of tennis stars who have called on the Prime Minister Sir Keir Starmer to invest in court facilities. Draper joins the likes of Katie Boulter and Alfie Hewett in expressing concern over potential cuts of funding to tennis facilities, while demanding funds for “high quality community sports [...]
Thousands of university spinouts at risk over poor levels of support, experts warn May 19, 2025 The UK could be missing out on thousands of cutting-edge spinout companies amid a dearth in funding and a shortage in support for founders, experts have warned. In October, the government committed as much as £40m to support spinouts over a five-year period in a bid to bridge the so-called “valley of death” between academic [...]
Visa for the ‘super rich’ won’t bring back non-doms, MPs say May 19, 2025 The government has floated a new “investor visa” in an attempt to stop the flight of millionaires from the UK, with plans in the early stages of development. The visa would reward those who invest heavily into the UK – particularly in strategically important areas such as AI and clean energy – with a route [...]
Interactive Investor creates hundreds of jobs as trading booms May 14, 2025 Interactive Investor created almost 200 jobs as its profit increased to almost £90m last year, it has been revealed. The Manchester-headquartered company has posted a pre-tax profit of £89.7m for 2024, up from the £84.2m it achieved in 2023. New accounts filed with Companies House also show that its headcount rose from 726 to 919 [...]
Entain: US investment giants hit Ladbrokes owner with lawsuit May 13, 2025 Gambling giant Entain has been hit with new legal action by a number of investment trusts
Trading 212: UK revenue spikes as profit passes £50m May 13, 2025 Revenue at the UK arm of Trading 212 spiked last year as profit surged past the £50m mark, it has been revealed. New accounts filed with Companies House show the division achieved a revenue of £161.7m during 2024, up from the £104.1m it posted in the prior 12 months. Trading 212’s UK pre-tax profit also [...]
Brent Cross shopping centre taken over in £200m deal May 12, 2025 London’s Brent Cross shopping centre is to come under the full control of Hammerson after a £200m deal to buy out Aberdeen was confirmed. Hammerson, which currently owns 41 per cent of the landmark shopping centre, will raise its stake to over 90 per cent by acquiring units from the Aberdeen UK Shopping Centre Trust. [...]
Moneybox: Savings and investment platform gears up for possible IPO May 12, 2025 Savings and investment platform Moneybox is gearing up for a potential initial public offering (IPO) as it bolsters its boardroom with a new hire. The fintech has made a major signal it is working towards becoming a public company in the future with the appointment of Melissa Birge as an independent non-executive director. Birge has [...]
H&M Group takes minority stake in e-commerce firm Centra May 7, 2025 H&M has taken a minority stake in e-commerce firm Centra as it looks to deepen its relationship with the company. The stake, which is less than 10 per cent, values Centra at just over half a billion Swedish kronor, according to Di Digital. H&M will invest SEK 50m (£3.9m) in the company, which supports retail [...]
Rachel Reeves has promised UK fintech the world – now she must deliver May 4, 2025 Judgement day looms for Rachel Reeves, and UK fintech will be handing her the verdict. In a keynote speech at Innovate Finance’s 11th global summit, the Chancellor confirmed the Treasury’s inaugural Financial Services Growth and Competitiveness Strategy would be published on 15 July. Reeves has lauded the industry’s growth and touted the achievements of fintech [...]