Refy: Sales spike at influencer Jess Hunt’s beauty brand June 19, 2025 Sales and profit have both spiked at Refy, the beauty brand co-founded by British model, social media influencer and entrepreneur Jess Hunt. The Manchester-based business, which Hunt launched alongside chief executive Jenna Meek, has posted a turnover of £40.3m for the year to 31 August, 2024, according to new accounts filed with Companies House. The [...]
NBA’s LA Lakers to sell majority stake to Chelsea co-owner in £7.5bn deal June 19, 2025 The Buss family are selling a majority stake in the LA Lakers in a deal that could value the NBA franchise at £7.45bn. Owned by the same family since 1979, the LA Lakers are one of sports most iconic teams in world sport with the likes of LeBron James, Magic Johnson, Kobe Bryant, Kareem Abdul-Jabbar, [...]
A week in the life of 1 Lombard Street June 19, 2025 Soren Jessen of Square Mile institution 1 Lombard Street on seven days in the City… MondayDawn, and boxes of fresh fish on ice are arriving from Dorset. Chef checks the gills and the eyes for freshness and decides on the Fish of the Day for the menu. More boxes arrive packed with gloriously colourful vegetables [...]
Is Trump going to save TikTok… again? June 19, 2025 TikTok’s future in the US is once again in limbo – but this time, fewer in both Wall Street and Washington are taking the threat seriously. In a move that surprised few but frustrated many, President Donald Trump is reportedly preparing to delay a divest-or-ban deadline for the third time in the last six months, [...]
Smarter Web Company shares jump after million-pound Bitcoin spree June 19, 2025 Shares in Smarter Web Company jumped in early London trade after the company reported its latest Bitcoin spending spree. The Aquis-listed business said it had acquired 104.28 Bitcoin at an average price of £77,751, bringing its total purchase to £8.1m. The move is the latest as part of Smarter Web Company’s “10 Year Plan” under [...]
‘We need the next Nikolay Storonsky’: Labour urged to act now to create next tech unicorn June 19, 2025 The UK needs to attract the next Nikolay Storonsky to its shores if it wants a new technology revolution to be built here, the CEO of tech unicorn Motorway has said. Tom Leathes, speaking on an up-coming episode of City AM’s Boardroom Uncovered show, said the country needs “the next Nikolai to come over and [...]
B&M swaps one tax haven for another June 19, 2025 B&M has revealed plans to swap Luxembourg, the European tax haven the discount retailer has been domiciled in for over a decade, with Jersey. The London-listed company, which has its operational headquarters in Liverpool, said the move would simplify its corporate and administrative structure and provide “greater flexibility for returning capital to shareholders going forward”. [...]
Vodafone picks Microsoft exec for £2m finance chief role June 19, 2025 Microsoft exec Pilar López is to join Vodafone as its new chief financial officer, the telco giant said on Thursday. López replaces Luka Mucic, the company’s shortest-serving CFO, who is leaving in November for a position as chief executive of the real estate developer Vonovia. She held several positions at Microsoft including as its Western [...]
NCC Group pivots on cyber security amid rising demand June 19, 2025 FTSE 250 tech firm NCC Group said it was changing the strategic direction of its cyber security division after revenue took a hit in the first half of the financial year. NCC’s revenue from cyber security tumbled nearly eight per cent to £123.5m for the first half of the year, down from £133.9m for the [...]
Matalan: Huge losses continue as almost 200 jobs lost June 19, 2025 Huge losses have continued at Matalan as its sales dipped below £1bn and it shed almost 200 jobs. The Liverpool-headquartered retailer has reported a pre-tax loss of £67.2m for the 12 months to 22 February, 2025. The total comes after Matalan also posted a pre-tax loss of £60m in its prior year. New accounts also [...]