Firms ‘staying private for longer’ as listing drought set to continue, Baillie Gifford says May 27, 2025 British businesses are set to stay “private for longer” as a drought in IPOs shows no sign of coming to an end, an investor at Baillie Gifford has warned. Pater Singlehurst, head of private company investments at the Edinburgh-based business, said investors would need to regain trust in companies looking to list before any signs [...]
North Sea windfall tax causing ‘irreversible damage’ says oil giant May 27, 2025 The boss of Enquest has slammed the windfall tax on oil and gas firms as doing “irreversible damage” to the industry and “driving job losses across the sector”. Amjad Bseisu, Enquest’s chief executive, called for the North Sea tax to be scrapped in an operations update on Tuesday after claiming it makes the UK a [...]
UK nightlife economy under pressure as venues struggle May 27, 2025 The UK’s nightlife industry, once a powerful driver of urban business, faces mounting pressures as shifting consumer habits, economic headwinds and regulatory challenges tighten the squeeze on late-night operators. Phil Urban, chief executive of one of the UK’s largest pub and bar chains, Mitchells & Butlers, has warned that the late-night segment is “the toughest [...]
UK-EU deal triggers strategic AI partnership May 27, 2025 A new initiative has been launched to enhance AI collaboration across Europe, building on the recent agreement between the UK and the EU. This partnership invites leading UK public research organisations to apply to become the UK’s gateway to Europe’s most advanced super-computing facilities, which are crucial for accelerating AI breakthroughs. Strengthening ties through AI [...]
Could Gordon Ramsay’s ramen deal be his latest kitchen nightmare? May 27, 2025 “Take a nice hefty fork of noodles,” Gordon Ramsay says, “and now we’re going to start building.” “Sprinkle my veg in and around: look at that, beautiful. And then add a touch more noodles.” Ramsay is in the middle of a YouTube tutorial on the Chef Woo channel, showing viewers how to make a chicken [...]
Retail and graduate job vacancies continue to plummet May 27, 2025 Retail and graduate vacancies fell further in April despite overall improvement in the number of available UK jobs. UK vacancies dipped 0.95 per cent in April to 862,876, but annual growth remained positive at 1.02 per cent, according to Adzuna’s latest jobs report. Average advertised salaries hit a new record of £42,278 – up 0.75 [...]
New warning over ‘stealth’ £9bn income tax raid May 27, 2025 The government is under fire over its “stealth tax bombshell” as hundreds of thousands of Brits are set to be dragged into higher tax bands by the end of the decade. As many as 1.9m workers will see their pay fall into higher tax brackets by 2030 as the bands fail to keep pace with [...]
Happy Cost of Rent Day Londoners – for the rest of the year your money is yours May 27, 2025 With the average London tenant needing to work 146 days a year just to pay off their rent, today marks a miserable milestone, writes Sebastian Charleton.
London needs the Conservatives to restore its tech crown May 27, 2025 The Tories left London with more tech unicorns than France and Germany combined. Now Labour is quickly unravelling our legacy, writes Alan Mak MP.
UK fintechs Zopa and Clearscore smash cost of living campaign target May 27, 2025 A cost-of-living campaign backed by Google Cloud and Hargreaves Lansdown and led by top UK fintech industry names Zopa and Clearscore has smashed its target. The Fintech Pledge, which included 57 fintech and tech firms, targeted 25 million actions to help UK consumers better their financial resilience. Zopa Bank revealed to City AM last month [...]