Estée Lauder loses over £360m as it prepares to cut jobs March 26, 2025 Estée Lauder, the beauty giant behind brands such as Clinique, MAC, and Jo Malone, has slumped to a loss of more than £360m in the UK and Ireland as it prepares to cut thousands of jobs. The US multi-national, which is also the owner of Bobbi Brown, Aveda and Tom Ford, posted a pre-tax loss [...]
Uniqlo: Gen Z’s viral fashion trends help profit rocket March 26, 2025 Viral fashion trends among Generation Z helped Uniqlo’s profit surge by more than €100m (£83.5m) during its latest financial year. The London-headquartered European division of the Japanese giant has reported a turnover of €1.69bn for the 12 months to 31 August, 2024, up from the €1.30bn it achieved in the prior period. New accounts filed [...]
Ithaca Energy forecasts higher production and doubles down on Rosebank start date March 26, 2025 Ithaca Energy said production at Rosebank will begin in 2026/27 despite a landmark January court ruling which deemed approval of the Scottish oil field unlawful. The London-listed firm said it was working closely with regulators and the Department for Energy Security and Net Zero (DESNZ) on a revised application. It expects total capital costs for [...]
Premier League explores Premflix launch with dual TV sales model March 26, 2025 The Premier League is exploring the possibility of adopting a two-pronged media sales strategy from 2029 onwards, with a direct-to-consumer model adopted in certain overseas markets but the domestic broadcast rights still sold to traditional broadcasters, such as Sky Sports and TNT Sports. The decision to take all international broadcast production in-house from the start [...]
If the world really has changed, Chancellor, then drop your tax hikes March 26, 2025 Rachel Reeves has one of the most demanding, high profile and exhausting jobs in the country, and so – at the very least – we should forgive her for taking some freebie tickets to a Sabrina Carpenter concert. She’s had very few good weeks since entering office and the least she deserves is a good [...]
Buyer’s market keeps house prices in check in February March 26, 2025 House prices rose by less in March as the number of homes on sales rose faster than demand, according to fresh data. The average house price in the UK ticked up by 1.8 per cent in February versus 1.9 per cent in March, while the number of homes available rose 11 per cent year on [...]
Once upon a time, Spring Statement day was fun March 25, 2025 Once upon a time, Spring Statement day was fun. Now, as an early-stage entrepreneur, it just fills me with dread, writes Michael Martins in today's Notebook.
Will the government’s £2bn affordable housing top-up make a difference? March 25, 2025 The government has ploughed a ‘top-up’ investment of £2bn into the UK’s affordable housing sector as part of its pledge to revitalise residential construction. Officials say it will get working people and families into secure homes, while detractors say it doesn’t go far enough and might even be less money than the sector had anticipated. [...]
New £1bn west London data centre set to back soaring AI demand March 25, 2025 Segro and Pure Data Centres have announced a new £1bn data centre located in London’s Park Royal, set to meet the soaring demand for digital infrastructure in the UK. The centre, backed by secretary Peter Kyle, is set for completion in 2026, with operations expected from 2029. The project will support next-generation AI and cloud [...]
Platini threatens to sue after he and Blatter cleared of fraud again March 25, 2025 Michel Platini is exploring plans to sue Swiss authorities after he and Sepp Blatter were cleared of fraud for a second time over a payment of £1.75m from 2011. An appeals court near Basel on Tuesday upheld the 2022 decision of the federal criminal court, after Swiss prosecutors attempted to have the original verdict overturned. [...]