Why the Online Safety Act has become a political nightmare August 11, 2025 The UK’s Online Safety Act, which came into force on 25th July, was conceived with the noble aim of protecting children from harmful online content. It mandates that web service providers implement “highly effective” age verification measures to prevent minors from accessing material that promotes suicide, self-harm, eating disorders, or abusive behaviour, as well as [...]
UK class actions worth £135bn but landmark losses raises questions over regime August 11, 2025 The popularity of class actions continues to rise as the UK remains one of Europe's most active jurisdiction with the total value of cases in the UK surpassing £135bn in 2024.
Faberge offloaded by stone miner Gemfields August 11, 2025 Luxury jewellery maker Faberge has been sold by its London-listed owner Gemfields to a tech entrepreneur in a deal worth $50m (£37.2m). The firm, best known for its opulent, ornate eggs, was sold to Sergei Mosunov’s US-based private equity house, SMG Capital, after coloured stones miner Gemfied announced a strategic review of the brand, after [...]
Peaty stars for Team Gordon Ramsay at London T100 Triathlon August 11, 2025 British Olympic swimmer Adam Peaty starred for future father-in-law Gordon Ramsay’s team at the London T100 Triathlon. The three-time gold medal winner finished his Olympic distance triathlon in a time of 2:34:37, nearly 10 minutes quicker than the next best Team Ramsay competitor. The Michelin star chef did not compete on doctor’s advice. “That was [...]
Nvidia and AMD to pay US 15 per cent cut on China chip sales August 11, 2025 US chipmakers Nvidia and AMD have agreed to hand over 15 per cent of their Chinese revenues to Washington in exchange for the green light to resume sales of high-powered AI chips to the country, in what industry analysts have called an “unprecedented” arrangement. The deal, first reported by the Financial Times, applies to Nvidia’s [...]
The Entertainer: Staff eye tax-free bonuses as founders cede control August 11, 2025 Almost 2,000 employees of the UK’s biggest toy chain, The Entertainer, are set to receive tax-free bonuses after its founders handed them control of his retail empire. Gary Grant has transferred 100 per cent of his ownership in Teal Group Holdings, which he held alongside his wife Catherine, to an employee ownership trust. The move, [...]
Premier League players could be paid in crypto as blockchain evolves August 11, 2025 Premier League football players could have their salaries paid for in crypto, a new report into the future of the blockchain suggests. After over £400m was spent in the 2024-25 sporting season on deals and sponsorships, it has been suggested that digital currencies could replace traditional payments for player transfers and salaries. In 2021 Spanish [...]
John Lewis: Losses triple at retail giant’s property start-up August 11, 2025 Losses tripled at the property start-up owned by retail giant John Lewis during its latest financial year despite its income shooting up, it has been revealed. BTR (Operating) Limited has posted a pre-tax loss of £406,000 for the 12 months to 25 January, 2025, new accounts filed with Companies House show. The latest figure comes [...]
Plus500 customer deposits more than double to record $3.1bn August 11, 2025 Plus500 has seen its customer deposits more than double to a record $3.1bn (£2.3bn) as wealthy investors piled in to its share trading app. The London fintech said the average deposit held by an active customer stood at $17,250 by the end of the first half of the year, a jump of 105 per cent [...]
Martin Sorrell’s S4 Capital confirms merger talks August 11, 2025 S4 Capital has confirmed it has received a proposal from MSQ Partners for a possible combination, following weekend media reports linking the London-listed digital advertising group to the US private equity-backed agency network. In a statement published on Monday, the company said the talks were “at a very preliminary stage” and stressed there was “no [...]