Formula 1 commercial arm sees profits dip but still makes £250m September 23, 2025 Formula 1’s commercial arm saw profits fall by five per cent last year, but still managed to be over £250m to the good. Formula One World Championship Limited, which holds the exclusive commercial rights to the globetrotting motor racing series, posted a profit of £251.7m for the year ending 31 December 2024, down £14.5m from [...]
NBCUniversal International recovers from record £96m loss September 23, 2025 The international arm of media giant NBCUniversal has recovered from a record £96m loss to return to profit. The division of the US-headquartered group has posted a pre-tax profit of £1.9m for 2024, new accounts filed with Companies House have confirmed. The profit comes after NBCUniversal International reported a pre-tax loss of £96.5m for 2023. [...]
Shares in B&Q owner Kingfisher unexpectedly spike after sales boost September 23, 2025 Kingfisher, the parent company of B&Q and Screwfix, saw its share price rise more than 17 per cent on Tuesday morning after posting a better-than-expected sales update. The FTSE 100 firm told markets that sales improved 0.9 per cent in the six months ended 31 July, 2025, to £6.8bn, driven by a 4.4 per cent [...]
THG shares upgraded amid FTSE 250 return September 23, 2025 Shares in THG plc have been upgraded by JP Morgan after surging in value in recent weeks. The Manchester-headquartered group has seen its share price rise from 27p on 8 September to 38p today thanks to positive half-year results. The recent increase in THG’s value means the group, which includes the likes of Myprotein and [...]
JLR extends cyber attack shutdown to October September 23, 2025 Jaguar Land Rover (JLR) has extended its production shutdown until at least 1 October, after the cyber attack that crippled its IT systems left the UK’s biggest automaker unable to restart operations. The pause, which started on 31 August, has already cost the car behemoth hundreds of millions of pounds in lost output, and threatens [...]
Fabergé lost millions before takeover deal September 23, 2025 Fabergé, the jeweller famous for its imperial Russian Easter eggs, fell into the red in the year before being sold to a technology investor for $50m (£37m) last month. The company is set to be taken over by SMG Capital, a US investment company controlled by the tech backer Sergei Mosunov. Fabergé is currently owned [...]
Elizabeth Line operator doubles profit before contract loss September 23, 2025 Profit at the first company to operate the Elizabeth Line in London more than doubled in the year before it lost the contract, it has been revealed. The division of MTR Corporation is part of the wider majority government-owned public transport operator and property developer in Hong Kong and had run the line since it first opened. However, the [...]
Why Guenther Steiner bought a MotoGP team after F1 exit September 23, 2025 Richard Coleman and Guenther Steiner appear to cut very different characters. Both former four-wheel racing bigwigs, Coleman was mainly in touring cars while Steiner’s cameo as Haas F1’s founding team principal saw him become a star of Netflix’s Drive to Survive. Now the pair have teamed up with Ikon Capital to acquire the Tech3 MotoGP [...]
A little patriotism can be a force for good – and a boon for business September 23, 2025 When done without alienating others, patriotism can be a force for good and a boon for business, writes Outernet CEO Philip O'Ferrall.
French bosses round on ‘deadly’ wealth tax plans September 23, 2025 Some of France’s most high-profile entrepreneurs have rounded on a wealth tax proposal being touted by a party key to the flailing government’s fortune, warning it would risk “destroying the French economy” and sparking an exodus of the country’s wealthiest residents. Bernard Arnault, the billionaire chief executive of luxury behemoth LVMH and France’s richest man, [...]