Rachel Reeves’ tax hikes are driving wealthy overseas investors to flee London July 14, 2025 Chancellor Rachel Reeves’ tax hikes have had the “feared impact” of driving wealthy overseas investors to flee London to escape double taxation of their worldwide income, the company behind The Shard has said. Real Estate Management (UK), which is ultimately owned by the State of Qatar, has revealed the exodus has resulted in it being [...]
Flutter market cap hits $51bn after latest FanDuel acquisition July 11, 2025 Sportsbook operator FanDuel is set for a $31bn valuation after Flutter Entertainment struck an agreement to take complete control. The Irish-American gambling firm reached terms with Boyd Gaming to acquire the five per cent of FanDuel it does not already own. The deal will see the final five per cent be transferred to Flutter Entertainment [...]
I sold my business for £1.5bn – with great wealth comes great responsibility July 10, 2025 Those of us fortunate enough to thrive at the top must do more to support those struggling at the bottom, not out of guilt or obligation, but because it is the right thing to do and makes us richer in meaning, purpose and legacy, says John Caudwell This week I had the honour of speaking [...]
Fintech leads surge in London finance hiring July 10, 2025 Fintech helped lead roaring growth in London’s finance hiring for the second quarter of the year as demand for risk professionals surged amid a more moribund jobs market for traditional lenders. New financial services jobs vacancies rose three per cent quarter-on-quarter, according to Morgan McKinley’s London Employment Monitor while Greater London fintech hiring is expected [...]
Hamleys: More loss-making stores closed by iconic toys seller July 9, 2025 Hamleys has closed another raft of loss-making stores as it battles to boost its bottom line. The retailer shuttered 29 shops during its latest financial year, having also closed 40 in the prior 12 months. Hamleys, which also opened 22 new locations in the year, now operates 11 stores in the UK and has 176 [...]
These charts show the scale of the London Stock Exchange’s decline July 9, 2025 In May, one of the London Stock Exchange’s smallest constituents decided to leave. Brighton Pier, which had been listed on the exchange’s AIM market with a £5m market cap, delisted and jumped ship to private securities venue JP Jenkins. “It’s something that had been building up for quite a while for the past several years,” [...]
London Sports Festival Unveils New Pop-Up Padel Court at Hay’s Galleria in Partnership with London Bridge City July 8, 2025 London, 7 July 2025 — Central London Alliance’s London Sports Festival is thrilled to announce the launch of a brand-new pop-up padel court in the heart of the city at the iconic Hay’s Galleria, in collaboration with London Bridge City. This exciting activation celebrates London’s dynamic role as a global hub of innovation, community engagement, [...]
Shein files for Hong Kong IPO as London listing prospects wane July 8, 2025 Shein has filed for an initial public offering in Hong Kong as the prospects for the firm’s London listing continue to wane. The Singapore-based business last week confidentially filed a draft prospectus for the Hong Kong Exchange and sought approval from the China Securities Regulatory Commission (CSRC), according to the Financial Times. The fast-fashion firm [...]
John Caudwell: Bezos gives billionaires a bad name July 8, 2025 If you ever want to feel like you don’t quite do enough with your time, speak to John Caudwell. We are approaching the culmination of a wide-ranging interview, and the billionaire founder of Phones 4u – and a man hoping to build London’s most expensive housing development ever – runs through his terrifyingly busy schedule [...]
Plus500 profit rises amid expansion drive July 7, 2025 Fintech firm Plus500 has reported a rise in quarterly profit as it continued an expansion drive into markets including Canada, the UAE and India. Quarterly earnings before interest, taxation, depreciation and amortization (EBITDA) increased 12 per cent to $91.3m (£67m) on revenue of $209.3m. Plus500 said active customers on its platform had jumped to 132,602 [...]