Investors: brace for a breakdown in UK gilts July 23, 2025 Because the UK government is politically unable to pass necessary fiscal reforms, a bond market crisis is now the most likely catalyst to force the essential but painful spending cuts required to stabilise the nation’s finances, say Peter Spiller and Emma Moriarty In the aftermath of the euro area debt crisis, Jean-Claude Juncker, then Prime [...]
Mike Lynch’s estate ordered to pay HP £700m following tech mogul’s death July 22, 2025 Mike Lynch's estate was ordered to pay HP just under £700m in conclusion to the fraud linked to the $11.1bn sale of Autonomy.
Historic Blackpool pier sale spells more trouble for seaside town July 22, 2025 One of the oldest piers in the UK has been put up for sale in a latest blow to Blackpool’s tourism industry. The Blackpool Pier Company has said it’s made the decision to offload the North Pier in the seaside town “with a heavy heart”. The North Pier is the sixth-oldest of its type still [...]
Decathlon: Losses almost double amid ‘significant transformation’ July 22, 2025 Losses almost doubled at Decathlon during its latest financial year as a “significant transformation” impacted its sales. The retailer has reported a pre-tax loss of £23.7m for 2024, according to new accounts filed with Companies House. The total comes after Decathlon also posted a loss of £11.9m for 2023. The business last achieved a pre-tax [...]
Food inflation could push annual grocery bills up by £275 July 22, 2025 Food inflation surged in June as the prices of dairy and fresh meat products skyrocketed. Grocery price inflation hit its highest level since January 2024 at 5.2 per cent in the four weeks to 13 July, according to Kantar. The average household spend at the grocers has now reached £5,283 a year, which could add [...]
Insolvencies ease in signs of UK businesses’ resilience July 18, 2025 Insolvencies declined slightly in June in signs UK businesses under pressure from higher costs have weathered through tax rises and low national spirits. In new data published by the Insolvency Service, company insolvencies fell by eight per cent in June compared to the month before. The number of insolvencies – 2,043 – was also 16 [...]
Game over for Tomb Raider composer after Covid loan fraud conviction July 18, 2025 A video game composer and sound designer best know for his work on the Tomb Raider series has been jailed for fraudulently applying for a Covid loan. Peter Connelly, who is based in Durham, overstated his company’s turnover to obtain a second Bounce Back Loan of £37,500 in 2020 when businesses were only entitled to [...]
UK’s mid-sized firms at fastest growth since Labour elected July 18, 2025 Middle-market businesses are growing at their fastest rate since Labour was elected last July, fresh research has suggested, as UK bosses shake off cost increases in taxes and utility bills. Labour has made economic growth a central mission in government, with small and medium-sized firms highlighted as key to driving national income. Fresh research by [...]
Regulators ‘appear unable’ to stop water firms acting unlawfully, MPs warn July 18, 2025 A group of influential MPs have called for a “low risk, low return” water sector and urged the government to strengthen regulatory powers amid scrutiny over excessive dividends and murky company structures. In a wide-reaching report, the Public Accounts Committee (PAC) warned that the “financial fragility” of a few large utilities had caused investors to [...]
Week in Business: Reeves bets on the banks but economy still hurting July 17, 2025 Rachel Reeves set out to charm the City this week, but elsewhere, the economy is reeling from high taxes and low confidence.