‘Extraordinary denial of reality’: Ricardo shareholder pens open letter amid vote to oust chair May 28, 2025 One of the largest shareholders in transport and energy consultancy Ricardo has blasted the firm’s “blinkered perspective” and “extraordinary denial of reality” ahead of a vote to oust its chair. Science Group, which controls around a fifth of the share capital of the London-listed business, earlier this month called for a general meeting of shareholders [...]
Twinings: Profit jumps to almost £100m at tea brand May 28, 2025 Profit at British tea brand Twinings has increased to almost £100m thanks to a “significant growth in the domestic market”. The London-headquartered business has reported a pre-tax profit of £99.1m for the 12 months to 31 August, 2024, up from the £95m it achieved in the prior year. New accounts filed with Companies House also [...]
The rise of the ABLOC (anyone-but-Labour-or-Conservative) vote May 28, 2025 The rise of the anyone-but-Labour-or-Conservative vote is turning the UK into a six-party state, writes James Reed.
BGF’s £3bn pledge offers hope amid concerns over UK competitiveness May 28, 2025 The Business Growth Fund (BGF) has unveiled a £3bn commitment to back British businesses over the next five years which includes £500m earmarked for early stage start-ups in deep tech and life sciences. The organisation, which is one of the UK’s most prominent equity investors, has made the announcement at a pivotal time for the [...]
Sadiq Khan backs calls to decriminalise cannabis possession May 28, 2025 A report commissioned by Sadiq Khan has called for decriminalising the possession of cannabis in small quantities, in a major policy pivot for City Hall. The London Drugs Commission, which was set up by the Mayor of London two years ago, argues that while the production and supply of cannabis should continue to “be policed [...]
New V&A East Storehouse is the museum of the future May 28, 2025 The V&A East Storehouse, opening in east London’s Queen Elizabeth Olympic Park, redefines the museum experience with unprecedented public access to thousands of artifacts, marking a bold cultural milestone in the £600 million East Bank development, says Justine Simons The museum of the future is here, and guess what? It’s in east London! A quiet [...]
Law firm Crowell & Moring shifts London HQ to Bishopsgate May 28, 2025 Crowell & Moring has swapped its London HQ from Tower 42 to 199 Bishopsgate, joining the swarm of City firms on the outskirts of Shoreditch
London slips from top smart centre spot May 28, 2025 London has lost its place as the world’s top hub for science and tech innovation after a sobering report warned of the City’s slipping global status. The UK’s capital fell behind San Francisco and Zurich which stormed ahead with a gain of 16 and 6 points respectively. Meanwhile, London’s rating shed three points as it [...]
Oxford Street rebounds to pre-pandemic occupancy as firms bet on shops May 27, 2025 Shop vacancies on Oxford Street have fallen below one per cent for the first time since the pandemic as brands compete for best-in-class retail space. Overall shop vacancies on Oxford Street fell to 0.5 per cent in the first quarter of the year, the first time the figure has fallen below one per cent since [...]
Farage challenges Labour as ‘working class’ party May 27, 2025 Nigel Farage has insisted that Reform has replaced Labour as “the party of the working class,” while introducing a litany of policies which he claims represent the interests of working people. In a speech on Tuesday morning, the Reform leader goaded the Labour Party, accusing leaders of being “absolutely terrified” of him. Farage lambasted Labour’s [...]