London businesses optimistic for future economic growth, KPMG says August 18, 2025 The vast majority of private business owners in London have recorded rocketing optimism about their growth prospects, but concerns surrounding the impact of inflation remain, according to the latest KPMG private enterprise barometer survey. Following a challenging first financial half of the year, with businesses hit with tariff turmoil and ongoing geopolitical tensions, confidence in [...]
More US investment in Premier League than other major football leagues August 18, 2025 There are more clubs in the Premier League with US investment than in any other of the major European football leagues, a new report has shown. Over half, 13, of the 20 Premier League clubs in England have US investor participation, ranging from 100 per cent ownership down to smaller stakes. The PitchBook report shows [...]
Rachel Reeves told to ‘get out of the way’ ahead of Autumn Budget August 13, 2025 Chancellor Rachel Reeves has been told to “let businesses get on with it and get out of the way” ahead of delivering her second Autumn Budget in the coming months. A group of 1,500 private business leaders surveyed by KPMG said the Chancellor should focus on promoting higher wages and lower costs for companies. They [...]
Adanola valued at £400m as Kendall Jenner favourite sells stake August 6, 2025 Adanola, the athleisure brand worn by the likes of Kendall Jenner, Molly-Mae Hague and Maya Jama, has been valued at around $530m (£398m) after securing a new backer. Story3 Capital Partners has acquired a minority stake in the Manchester-based label which was founded by Hyrum Cook in 2015. Other well-known personalities who are fans of [...]
Morrisons cuts over 3,600 jobs as profit passes £2bn August 4, 2025 Morrisons cut more than 3,600 jobs as it returned to profit for the first time since a private equity-backed takeover in 2021. The Bradford-headquartered supermarket giant has posted a pre-tax profit of £2.1bn for the 12 months to 27 October, 2024, new accounts filed with Companies House have revealed. The profit comes after Morrisons made [...]
Slater and Gordon sheds 150 jobs as it returns to profit July 30, 2025 Law firm Slater and Gordon shed 150 jobs as it returned to profit during its latest financial year, it has been revealed. The Manchester-headquartered business has reported a pre-tax profit of £5.9m for 2024, according to new accounts filed with Companies House. The profit comes after the firm fell to a pre-tax loss of £2.9m [...]
Gusto: Restaurants to close and almost 200 jobs lost as rescue agreed July 29, 2025 Almost 200 jobs have been lost at Italian restaurant chain Gusto after a deal to buy it out of administration was agreed. Cherry Equity Partners is to acquire the majority of Gusto in a move which will lead to around 190 redundancies and the closure of six restaurants. The deal, which is being undertaken through [...]
Law firm partner hiring surges in City amid private equity boom July 25, 2025 Demand for new partners with private equity expertise has reached an all-time high, as top US law firms continue to dominate lawyers appetite
Here’s what private equity and venture capital need from Rachel Reeves July 25, 2025 Changes to carried interest, non-doms and wealth tax rumours are putting investors under pressure. Time for Rachel Reeves to adopt a more pragmatic, pro-growth approach, says Michael Moore In her October Party Conference speech, the Chancellor Rachel Reeves declared that ‘If growth is the challenge, investment is the solution’. She is right. The Chancellor has [...]
Private equity boom: Nearly 9 in 10 accountancy firms approached last year July 21, 2025 The interest in UK accountancy firms from private equity houses is at an all-time high, as exclusive data revealed the appetite for 'a major injection of funds' is on both sides