Centrica: FTSE 100 British Gas owner suffers huge backlash over CEO pay rise plans May 8, 2025 Centrica, the FTSE 100 parent company of British Gas, has suffered a huge backlash to plans to hand its chief executive a hefty pay rise. City AM reported in March that the CEO took home £4.3m for Centrica’s latest financial period, down from the £8.2m he received in the prior year. Chris O’Shea, who has been [...]
Tesco: CEO takes home bumper pay packet after profit jump May 8, 2025 The CEO of Tesco took home more than £9m as sales and profit at the supermarket giant beat expectations. Ken Murphy received a pay packet of £9.23m for the company’s latest financial year, down from the £10.24m he took home in the prior 12 months. According to Tesco’s annual report, the CEO’s remuneration was made [...]
Beckham, Neville, PR guru Kelly and Lord Davies take over Salford City May 8, 2025 Former Manchester United stars David Beckham and Gary Neville have joined forces with entrepreneur Declan Kelly and Lord Mervyn Davies to take control of Salford City FC. Beckham and Neville were already shareholders in the League Two football club as part of the Class of ’92 but Ryan Giggs, Paul Scholes, Nicky Butt and Phil [...]
Co-op breach a ‘stark reminder of why cash remains essential’ May 8, 2025 The disruption to card payments at Co-op stores last week is a warning to Brits on over reliance on digital payments, according to a leading consultancy firm. The Co-op shut down parts of its IT systems last week and suspended contactless payments at nearly 10 per cent of stores after detecting a potential breach. “The [...]
Firms will have to ‘train British workers’ under immigration plans May 8, 2025 UK firms will reportedly have to train British workers if they wish to hire staff from abroad as part of government efforts to lessen the economy’s reliance on mass immigration. Firms have lowered expectations for investment in training, according to a number of recent surveys, given the UK’s bleak economic outlook for the year ahead. [...]
Bolt: Uber rival appoints first UK boss May 8, 2025 Bolt, the Estonian ride-hailing platform, has appointed a new UK boss in a sign of its intention to double down on its second biggest market. Kimberly Hurd will join as the company’s first senior general manager for the UK, following stints in the fintech sector and at the Indian food delivery app Zomato. Top of [...]
British and Irish Lions launch takes heritage brand into modern age at O2 May 8, 2025 The British and Irish Lions have followed in Formula 1’s footsteps in hosting launch events in London and it’s dragged a heritage brand into the modern era, writes Will Taylor. This afternoon, the British and Irish Lions did something they’ve never done before, they turned their usual squad selection into a show. For the first [...]
Lord Mayor to pay tribute to Winston Churchill and war heroes in VE Day speech May 8, 2025 The Lord Mayor of London will give a speech at St Paul’s Cathedral to mark the 80th anniversary VE Day, in the City of London’s contribution to commemorations taking place around the UK. Alastair King is set to pay tribute to heroes of the Second World War and to Sir Winston Churchilll on behalf of [...]
London Lions savour turnaround and eye Super League Basketball play-off final May 8, 2025 London Lions CEO Lenz Balan has hailed the club’s “unbelievable” recovery from the brink of extinction to within touching distance of a fifth consecutive play-off final. The domestic champions were plucked from administration by new owners, Lithuanian tech incubator Tesonet, in a hugely turbulent few months for British basketball last summer. Despite shedding star names, [...]
Week in Business: Why Britain needs reform May 8, 2025 In light of current difficulties and long-term challenges, the UK economy needs a dose of radical reform - but who will have that conversation?