Nadhim Zahawi joins equity group piling £1bn into Mayfair hotels Hospitality Former Tory chancellor Nadhim Zahawi has joined the board of an investment firm piling £1.1bn into two luxury Mayfair hotels. Evolution Investment Fund, based in the British Virgin Islands, has acquired a long leasehold interest in the London Marriott Hotel in Grosvenor Square and a luxury hotel development site in New Bond Street. The fund, [...]
US alternatives giant leads £150m refinancing at debt-laden Very Retail The credit giant that took control of Very from the Barclay family has arranged a £150m funding package for the online retailer ahead of a potential £2bn sale. Carlyle helped arrange an extension and renewal of debt-laden Very’s key credit lines, in a move it said helps secure the group’s long-term funding until 2029. The [...]
Nadhim Zahawi defects to Reform as polling lead extended Politics Former Chancellor Nadhim Zahawi has defected to Reform UK as fresh polling has shown the party extending its lead over Labour and the Tories. Zahawi, a former ally of Boris Johnson who served as Chancellor for a matter of months, announced his high-profile defection in a press conference in Westminster on Monday. Along with new [...]
Lawyer for Nadhim Zahawi seeking to appeal misconduct Tribunal ruling August 5, 2025 The Osborne Clarke lawyer who was found guilty of misconduct for his attempt to silence Dan Neidle on a story over Nadhim Zahawi’s tax affairs is now seeking an appeal.
Very Group returns to half-year profit despite sales decline February 19, 2025 Very Group returned to making a half-year profit during the final six months of 2024 despite a fall in sales. The Merseyside-headquartered business, which includes Littlewoods, has reported a pre-tax profit of £6.1m for the period to 28 December 2024. The profit comes after Very Group fell to a pre-tax loss of £2m during the [...]
Nadhim Zahawi’s Osborne Clarke lawyer found guilty of misconduct by Tribunal December 20, 2024 An Osborne Clarke partner has been found guilty of misconduct by a Tribunal for his attempt to silence Dan Neidle on a story over Nadhim Zahawi’s tax affairs
Osborne Clarke: Nadhim Zahawi’s lawyer faces disciplinary hearing over SLAPP allegations December 16, 2024 Nadhim Zahawi's lawyer faces a disciplinary hearing this week over allegations he sent SLAPP letters to tax expert Dan Neidle
Very Group: Loss widens at Nadhim Zahawi-led Littlewoods owner November 25, 2024 The Very Group, which is chaired by former Chancellor Nadhim Zahawi, lost more in the first quarter of its new financial year than it did in its last 12 months, it has been revealed. The Liverpool-headquartered group, which is owned by the billionaire Barclay family, has reported a pre-tax loss of £22.9m for the 13 [...]
Record number of millionaires to leave UK as top academics join calls for exit tax October 8, 2024 The UK is set to lose the greatest proportion of millionaires in the world in the next four years, new analysis suggests, as a group of respected academics joined growing calls for Rachel Reeves to introduce an exit tax at the upcoming Budget. The Adam Smith Institute’s (ASI) Millionaire Tracker – a new initiative from [...]
BBC cancels Boris Johnson interview after notes shared October 3, 2024 Boris Johnson’s prime-time interview with the BBC has been cancelled after briefing notes were shared with him by presenter Laura Kuenssberg “by mistake”. The former Prime Minister was meant to be interviewed by the former political editor in his first major sit-down since leaving office, to be broadcast on BBC One at 7.30pm on Thursday, [...]