Industrial Strategy: Labour to turn City into ‘most innovative financial centre’ June 23, 2025 Labour has vowed to turn the Square Mile into “the world’s most innovative full-service financial centre” as the government laid out the key pillars of its much-anticipated industrial strategy. The policy document said the government would achieve the milestone by 2035, but was unclear about what the criteria were for hitting it or how it [...]
United Utilities: Banned bonus for FTSE 100 CEO revealed June 23, 2025 The amount top bosses at FTSE 100 giant United Utilities are set to lose in bonuses – after the water giant was named as one of six to be banned from handing out the payouts – has been revealed. Earlier this month, new measures in the Water (Special Measures) Act come into force which prohibited utility [...]
The City of London is hosting an amazing music festival this week June 23, 2025 The Summer Music in City Churches festival is taking place this week across the City of London. There are events taking place every day in some of the Square Mile’s most beautiful churches — a brilliant chance to take a break from the stresses of work life and take a pew in one of these [...]
HSBC’s return-to-office plans risk boss’ cost-cutting ambitions June 23, 2025 HSBC’s cost-cutting agenda is set to face a major disruption as the lender faces a shortfall of desks in its office move. The banking juggernaut has been reported to be mulling a return-to-office mandate that would force employees back into the office for at least three days a week. This comes as the bank is [...]
John Textor plans to buy another English club after £175m Crystal Palace sale June 23, 2025 Crystal Palace co-owner John Textor plans to buy another English club after agreeing to sell his stake in the Premier League side to fellow American Woody Johnson. Textor has signed a legally binding deal to sell his 43 per cent stake in Crystal Palace to Johnson, the former US ambassador to the UK who owns [...]
PPHE unveils £90m plan to turn lap dancing club into luxury London hotel June 23, 2025 Hotel giant PPHE has unveiled plans to turn an east London lap dancing club into a huge new hotel as it continues its expansion in the capital. The London-listed firm today unveiled a £90m proposal to construct a 21-story tower on Leman Street in Whitechapel, which will feature 182 rooms, a restaurant, bar, gym and [...]
HomeServe: Checkatrade owner in the red despite sales passing £1bn June 23, 2025 HomeServe, the domestic repair and emergency services giant, fell into the red despite its sales surging to more than £1bn last year, it has been revealed. The Walsall-headquartered business has posted a revenue of £1.1bn for 2024 while it reported a pre-tax loss of £31.7m. The figures compare to the revenue of £774m and pre-tax [...]
Spectris agrees to £3.8bn takeover but KKR threatens bidding war June 23, 2025 Industrial group Spectris has agreed to a £3.8bn takeover by US private equity Advent but a bidding war could be brewing as KKR mulls a rival offer. The FTSE 250 firm has been valued at £37.73 per share in the deal. Shares jumped 13.5 per cent as markets opened on Monday to around 3,726. Private [...]
Prime: Logan Paul and KSI’s energy drink runs out of juice June 23, 2025 Prime, the energy drink brand backed by Logan Paul and KSI, suffered a dramatic fall in its UK sales in 2024, it has been revealed. New accounts for Prime Hydration’s UK arm show the firm’s turnover was slashed by more than 70 per cent from £112.2m to £32.8m in its latest financial year. New accounts [...]
Revolut boss set for Elon Musk-style payday at $150bn valuation June 23, 2025 The chief executive of Revolut could be set for a multibillion-dollar payout if the fintech’s valuation passes the $150bn milestone, sparking comparisons to Elon Musk’s controversial Tesla package. Nik Storonsky, who founded Revolut in 2015, has an incentive deal which would increase his stake in the London-based fintech by several percentage points if the valuation [...]