After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Profit at The Macallan whisky owner slashed as sales slide July 2, 2025 Profit at Edrington, the owner of whisky label The Macallan, slumped by more than a quarter during its latest financial year as its sales slid, new figures have revealed. The Glasgow-headquartered group, whose brands also include Highland Park and Glenrothes, has posted a pre-tax profit of £274.4m for the year to 31 March, 2025. The latest [...]
BBC facing fight to retain £60m Wimbledon broadcast rights July 2, 2025 The BBC faces the prospect of having to significantly increase its rights fee to the All England Club to extend their exclusive coverage of Wimbledon beyond 2027 amid increased competition for tennis amongst broadcasters. While Wimbledon’s status as a Category A “crown jewel” event means live coverage has to remain available on free-to-air channels, the [...]
Billie Eilish resale tickets going for nearly five times original price, O2 finds July 1, 2025 London's ticket resale market has spiralled out of control, with fans facing astronomical markups on concert tickets, as well as rising scams.
Aviva’s £3.7bn takeover of Direct Line approved by UK watchdog July 1, 2025 Aviva’s acquisition of smaller insurance peer Direct Line has been approved by the competitions watchdog, paving the way for the formation of Britain’s biggest home and motor insurer. The £3.7bn takeover will not be subject to a phase-two investigation, the Competition and Markets Authority (CMA) said on Tuesday, after a preliminary probe to assess whether [...]
E1 Series in €20m fundraise as it plots expansion and London race July 1, 2025 Celebrity-backed electric powerboating series E1 is seeking around €20m (£17m) from a fresh round of fundraising as it this week steps up plans to secure a race in London. E1 has engaged Rothschild and Co to seek an investor to inject capital, which bosses have earmarked for a second fleet of boats and commercial and [...]
What’s On July 2025 June 30, 2025 As London fully embraces the summer weather, July offers a captivating calendar of activities for every occasion. Full of lively markets and outdoor live screens along with captivating exhibitions and immersive experiences. It’s the perfect time to enjoy world-class performances and recitals or play some sports near iconic London locations. With the sun setting later [...]
Vodafone and Virgin Media O2 strike £343m deal June 30, 2025 Vodafone has received a boots worth £343m from Virgin Media O2 just a few weeks after its mega merger with Three was finally approved. Virgin Media O2 has agreed to pay £343m for a tranche of mobile spectrum from Vodafone UK in a deal which is hoped will help shore up its network capacity amid [...]
City watchdog takes on advice gap to unlock growth June 30, 2025 The Financial Conduct Authority (FCA) has launched a new form of financial help dubbed ‘targeted support’ in a bid to encourage greater consumer participation in financial markets and unlock more investment-led growth. The City regulator will target consumers with common financial characteristics, such as unsustainable pension drawdown, inadequate retirement savings and excess cash not being [...]
Starling Bank sets sights on US expansion June 26, 2025 Starling Bank has set its sights across the Atlantic for future growth prospects as the UK fintech eyes a US banking licence or entering the market through an acquisition. The neobank took a £223m hit to profit in 2024, down from £301m in the previous year and has since scouted endeavours overseas to boost its [...]
City minister opens door to weakening banks ombudsman June 26, 2025 City minister Emma Reynolds has suggested the government could remove powers from the banks ombudsman as part of efforts to ease regulatory burdens faces by financial services. Reynolds told an audience of bankers and investors that the end of a review on the Financial Ombudsman Service (FOS), which acts to settle complaints made by consumers [...]