Brit Awards in the red ahead of Manchester move July 21, 2025 The company behind the Brit Awards has fallen into the red ahead of moving the annual event out of London for the first time in its history. Brit Awards Limited has reported a pre-tax loss of £12,653 for 2024, new accounts filed with Companies House have confirmed. The loss comes after the business made a [...]
The City welcomes reforms to make London more competitive July 21, 2025 The Chancellor’s Mansion House reforms matter because they promise more jobs. more capital and better pensions – now they must deliver, says Chris Hayward The Chancellor’s Leeds Reforms, unveiled at Mansion House, have opened the door to reforms that could boost investment. These reforms aren’t just about the City. These reforms matter because they promise [...]
Burberry: Early signs of turnaround take shape July 18, 2025 Burberry reported a smaller-than-expected dip in sales this morning as new chief executive Joshua Schulman’s early efforts to revive the luxury label begin to take hold. In a trading update for the 13 weeks to 28 June, the British fashion house said retail revenue fell six per cent to £433m, with comparable store sales down [...]
Mike Ashley’s investments double to £1bn thanks to Hugo Boss shares July 17, 2025 The total value of the stakes Mike Ashley’s empire holds in the likes of Hugo Boss, AO World and Boohoo have doubled to £1bn in just over a year, it has been revealed. According to the group’s latest financial results, which have been filed with the London Stock Exchange, the value of its investments in [...]
Week in Business: Reeves bets on the banks but economy still hurting July 17, 2025 Rachel Reeves set out to charm the City this week, but elsewhere, the economy is reeling from high taxes and low confidence.
Co-op boss confirms data of all 6.5m members stolen July 16, 2025 The chief executive of Co-op has confirmed that the personal data of all its 6.5m members was stolen during a major cyber attack in April, marking one of the most widespread data breaches in UK retail history. Speaking publicly for the first time since the attack, Shirine Khoury-Haq said the breach had a “devastating” impact [...]
FTSE 100 giant ICG bulks up as demand for alternatives grows July 16, 2025 Global alternative asset manager Intermediate Capital Group (ICG) experienced a strong first quarter of its 2025 financial year, as investor appetite for private equity-style returns continued to grow. The London-listed firm raised $3.4bn (£2.5bn) in the three months to June 30. This was led by ICG’s Europe IX fund, which targets mid-caps across the region, [...]
‘Golden opportunity’ for European equities, says CEO of stock exchange SIX July 16, 2025 Europe must seize a “golden opportunity” for the revival of its capital markets, the boss of one of the continent’s biggest stock exchange businesses has said, as he called for stronger retail participation in equities to keep pace with the US. Six CEO Bjorn Sibbern, who earlier this month completed the £225m takeover of London-based [...]
Regulation is ‘a boot on the neck of businesses’, Rachel Reeves to warn at Mansion House July 15, 2025 Financial services regulation is “a boot on the neck of businesses,” Rachel Reeves is expected to say as the Chancellor delivers her annual Mansion House speech later today. Reeves will urge watchdogs to “take up the call” of regulating for growth rather than “bend to the temptation of excessive caution” as she seeks to showcase [...]
Rachel Reeves launches major fintech push to galvanize listings July 15, 2025 Rachel Reeves has laid out the government’s plans to make the UK the world leader in fintech in the Chancellor’s latest effort to attract a fleet of listings from the industry. Reeves today unveiled the Treasury’s Financial Services Growth and Competitiveness Strategy, in which she laid out her vision to make the UK the “world’s [...]