Heathrow warned about power supply days before outage closure, MPs told April 2, 2025 Heathrow Airport was warned about its power supply in the days before it closed because of an outage, MPs were told. Nigel Wicking, chief executive of Heathrow Airline Operators Committee, which represents airlines that use the west London airport, said there were a “couple of incidents” which made him concerned. The airport was closed to [...]
New plans submitted for Custom House hotel development April 2, 2025 New plans have been submitted for the refurbishment of Custom House after years of hold-ups. The proposals include a 179-bed hotel, spa and restaurant offering, alongside a public access scheme. The Grade I building, on Lower Thames Street in the City of London, was the home of customs and trade for more than 200 years [...]
Theo Paphitis: Losses slashed in half at Ryman despite falling sales April 2, 2025 The group behind Ryman, the stationery retailer owned by former Dragons’ Den star Theo Paphitis, has slashed its loss almost in half despite falling sales. The Cheshire-headquartered group has reported a pre-tax loss of £1.49m for the year to 30 March, 2024, according to new accounts filed with Companies House. The figure comes after Ryman Group posted [...]
Raspberry Pi: Profit cut in half at FTSE 250 tech firm April 2, 2025 Raspberry Pi’s profit before tax fell 57 per cent over 2024 to just $16.3m (£12.6m) as issues with inventory correction finally hit the firm. The FTSE 250 tech firm’s adjusted operating profit dipped 15 per cent to $37.2m (£28.8m), it revealed in its annual results. Analysts had expected a fall in the firm’s profit, forecasting [...]
Premier League to introduce new offside tech this month April 1, 2025 The Premier League will finally introduce semi-automated offside technology this month after a number of delays. The system, seen as an upgrade on the controversial VAR system currently used to judge offsides, has been tested in a non-live capacity across a number of Premier League and FA Cup games. But it comes much later than [...]
London is world’s fourth-most dynamic city April 1, 2025 London is in the top five cities for companies to lay down roots, a fresh study has found, despite the UK suffering years of economic stagnation and reports of an exodus of its wealthiest and high-skilled residents. According to Savills’ inaugural corporate dynamic wealth index, London is the fourth-best location in the world for major [...]
Peel Hunt: London Stock Exchange requires ‘urgent’ support April 1, 2025 The UK’s capital markets require “urgent” support from the government, Peel Hunt has said, as the London Stock Exchange continues to be raided by private takeovers. While there have been 15 companies worth over £100m facing acquisition bids on the stock exchange since the start of 2025, not a single firm worth over £100m floated [...]
Zurich acquires stake in transactional insurance specialist Icen Risk April 1, 2025 Global insurance giant Zurich Insurance is set to acquire a stake in Icen Risk, a Lloyd’s of London coverholder and a growing player in London’s specialist insurance market. Since it was founded in 2018, Icen has carved out a niche in transactional risk, notably tax and intellectual property risk in complex M&A deals. According to [...]
Boutique Leicester Square hotel handed £42m price tag April 1, 2025 A recently-converted boutique hotel in London’s Leicester Square has been put on the market for £42m. The former office building on 2-5 Charing Cross Road has undergone a significant conversion project and is set to be fully operational by June. The announcement comes as former Natwest bank on London’s Piccadilly is also set to become [...]
The Phantom of the Opera closure slashes profit at Andrew Lloyd Webber’s empire April 1, 2025 The closure of The Phantom of the Opera on Broadway led to sales and profit at the entertainment empire owned by Lord Andrew Lloyd Webber being slashed during its latest financial year, it has been revealed. London-headquartered The Really Useful Group has reported a turnover of £36.5m for the year to 30 June, 2024, down [...]