Sports bodies have ‘no excuses’ after Supreme Court trans ruling April 16, 2025 A human rights charity has said sports bodies have “no excuses” over the continuation of transgender women in female sporting categories. It comes after a landmark ruling in the UK’s Supreme Court in London, which found that a gender recognition certificate (GRC) does not change the legal sex of a person under the 2010 Equality [...]
Properties For “Meanwhile Activation” April 16, 2025 The Eastern City Business Improvement District is calling on property owners to join a transformative partnership to unlock the potential of vacant spaces, converting underused spaces into thriving centres of activity which enhance the area and benefits everyone working, living and visiting this amazing City. Supported by the City of London Corporation, the Eastern City [...]
Speedy Hire accelerates depot closures after Reeves tax hikes April 16, 2025 Speedy Hire said it has accelerated the planned closures of several of its depots and restructured various support roles as it wrestles with the fallout from a raft of tax hikes. The London-listed company said the move had saved around £3.5m in costs over the year in what it described as a “challenging market backdrop.” [...]
Tourist tax: Lisa Nandy says Labour may ‘explore’ restoring VAT free shopping April 16, 2025 Lisa Nandy has said the government “could explore” restoring VAT free shopping after hearing “very loud and clear” the calls from the industry to scrap the so-called tourist tax. The culture, media and sport secretary told Elle UK magazine that fashion was in the “soul of the nation” and ministers recognised its “centrality” to the [...]
House prices flat but ‘only a matter of time’ before market acceleration April 16, 2025 House prices were unchanged in February, but market experts have said prices will rise later in the year as mortgage rates fall. The average UK house price remained at £268,000 in February, flat month on month but up 5.4 per cent year on year, according to the ONS. Growth was driven by higher prices in [...]
The UK’s fastest growing fintech Allica Bank delivers another record year April 16, 2025 Allica Bank, the UK’s fastest growing fintch, nearly doubled its profit in the last year after another period of rapid growth. The digital bank, which caters towards small and medium-sized enterprises (SMEs), increased pre-tax profits 86 per cent to £29.9m. Lending activity grew over £1bn in 2024 and revenue shot up 68 per cent to [...]
Oil engineer Hunting says Trump tariff impact will be ‘immaterial’ April 16, 2025 North Sea engineer Hunting said it expects the impact of US tariffs on the business to be “immaterial” as it reported quarterly trading in line with expectations. The London-listed firm cautioned its forecast was before taking into account “any indirect impact” of commodity pricing on the global economy. Hunting Titan, which builds perforating gun systems, [...]
Mitie Group warns of £50m NIC knock as it unveils share buyback April 16, 2025 The scale of the knock British businesses are set to take from the government’s tax raid was laid bare today after facilities management firm Mitie Group warned of an eye-watering £50m hit from hikes to National Insurance Contributions (NICs). The London-listed group’s latest estimate for the cost of rising NICs was slightly less than a [...]
Brooks Macdonald suffers market hit amid ongoing acquisitions April 16, 2025 Brooks Macdonald suffered from a significant investment and market loss over the last quarter as the firm continued to integrate its various financial acquisitions. While funds under management and administration at the asset manager did swell seven per cent over the quarter, this was due to £1.6bn added through acquisitions of financial planning firm Lucas [...]
Can tech help the state of the UK property market? April 16, 2025 Despite its vast size, the UK property industry lags much of the rest of the economy on technology adoption, with highly fragmented and deeply traditional ways of doing business. Many of these businesses still rely on outdated practices rooted in manual labour and legacy systems. While consumer expectations have shifted towards seamless, tech-enhanced experiences, the [...]