Fear index hits highest level since pandemic April 7, 2025 Traders’ so-called ‘fear gauge’ has reached its highest level since the onset of the pandemic, as investors brace for more market uncertainty in the wake of Trump’s swingeing tariffs. The Vix index, which shows the US stock market’s expectation of volatility over the next month, reached as high as 60 in the early hours of [...]
Chelsea received payment from Boehly-linked Vivid Seats April 7, 2025 The controversial ticket reselling site linked to Chelsea co-owner Todd Boehly, Vivid Seats, made a payment to the club in the 2023-24 accounting period. A payment of £93,000 from Vivid Seats is listed under “transactions with related parties” in the club’s accounts published on Companies House over the weekend. Last month the Chelsea Supporters’ Trust [...]
Labour’s tunnel tax will make driving an unaffordable luxury for Londoners April 7, 2025 From today, Londoners will have to pay as much as £35 to get to work via the Silvertown or Blackwall Tunnels. The message from this Labour government is clear: drive less and pay more, says Gareth Bacon MP It used to be that the family car symbolised freedom, whether that be the school run, the [...]
Get on a plane and engage with emerging economies April 7, 2025 At a time of global uncertainty, it’s time to look beyond our traditional trading partners and Britain is uniquely placed to engage with the Commonwealth, says Alastair King Spanning 56 nations across Africa, the Americas, Asia, Europe and Oceania, the Commonwealth is a unique and unrivalled patchwork of skills, innovation and knowledge. The City of [...]
Michael Kors to lower prices as sales suffer huge hit April 7, 2025 The UK arm of luxury fashion brand Michael Kors has revealed plans to lower its prices after suffering a significant hit to its sales. The division’s revenue took a 20 per cent hit in the year to 30 March, 2025, as it closed stores and it felt the impact of the cost-of-living crisis. Michael Kors [...]
UK fintech Clearbank bolsters fee income amidst European expansion April 7, 2025 London-based fintech Clearbank announced full-year results for the first time at group level following the business’ expansion across Europe. The firm, which is an enabler of real-time clearing and embedded banking, reported a 63 per cent increase to £53.3m in its fee-based income. Total deposits managed by the fintech reached £10.8bn – up 77 per [...]
Billionaire investor Bill Ackman warns of ‘economic nuclear winter’ from Trump tariffs April 7, 2025 Hedge fund manager Bill Ackman has issued a stark warning to the US President, urging him to pause the sweeping package of tariffs revealed last week on his so-called ‘Liberation Day’. In a post on X, Ackman declared: “The President has an opportunity on Monday to call a time out and have the time to [...]
Eddie Hearn and Frank Warren interview: ‘Let’s not f*** this up’ April 7, 2025 Listening to Eddie Hearn and Frank Warren bounce off each other it is easy to forget they were sworn enemies until around 18 months ago. That was when Saudi sports impresario Turki Alalshikh essentially instructed Britain’s two biggest boxing promoters to bury the hatchet if they wanted to keep staging lucrative fights at his expense [...]
International buyers shun top end of the London housing market April 7, 2025 The number of international buyers looking to buy London mansions has fallen to its lowest recorded level as stamp duty increases and broader tax changes weigh on housing demand. The proportion of international applicants – or people registering to buy a home – in Great Britain fell to one per cent of all buyers in [...]
First new road crossing east of Tower Bridge since 1991 to open April 6, 2025 The first new road crossing east of London’s Tower Bridge in 33 years opens on Monday. Silvertown Tunnel will connect Silvertown with Greenwich Peninsula, running under the River Thames. It is hoped the new 1.4km (0.9-mile) crossing will reduce the severe congestion around the nearby Blackwall Tunnel. But climate activists have expressed concern about the [...]