After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Natwest and Lloyds: What to expect from FTSE 100 bank earnings next week July 21, 2025 The FTSE 100’s banking titans, Natwest, Barclays, Lloyds and HSBC are gearing up for what promises to be an interesting half-year reporting season. Lloyds and Natwest will kick off earnings on July 24 and July 25 followed by peers Barclays, HSBC and Standard Chartered the following week. The first quarter was defined by President Donald Trump’s [...]
Flexjet: Private jet giant valued at $4bn after mega funding round July 21, 2025 Flexjet, the world’s second-largest private jet company, has been valued at around $4bn (£2.9bn) after securing $800m in new funding. The US firm’s latest funding round has been led by private equity giant L Catterton – which itself is backed by luxury group LVMH. Other backers of the round include KSL Capital Partners and J. [...]
UK farmers hit by drought turn to insurance July 21, 2025 As the UK has experienced a relatively hot Summer so far, it is the farmers who are in crisis mode fearing the effects of drought
Reeves warned pensions tax raid could cost UK in the long run July 21, 2025 City platform Hargreaves Lansdown has warned Rachel Reeves that “tinkering” with the pension tax relief could cost the UK in the long run and undermine the government’s fresh attempts to get workers to save more into retirement. The return of the Pensions Commission, which will report its findings on the adequacy of retirement savings in [...]
Sir Richard Branson-backed Gridserve cuts jobs as it loses over £80m July 21, 2025 Gridserve, the electric vehicle (EV) charging network whose investors include a fund backed by Sir Richard Branson, cut jobs as it lost more than £80m in 2024, it has been revealed. The Swindon-headquartered business has reported a pre-tax loss of £82.7m for its latest financial year, according to new accounts filed with Companies House. Gridserve [...]
Roadchef: M25 and M1 delays force motorway services to a loss July 21, 2025 Significant disruption on the M25 and M1 forced motorway service station chain Roadchef into the red in 2024, it has been revealed. The Staffordshire-headquartered group, which operates a 30-strong network of motorway service stations, has posted a pre-tax loss of £5.9m for its latest financial year. The total comes after the business achieved a pre-tax [...]
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 [...]
Ryanair profit more than doubles as fares jump July 21, 2025 Quarterly profit at Ryanair has more than doubled after the Irish airline benefitted from higher air fares and a later Easter. Profit after tax rose 128 per cent to €820m (£710m) over the three months ended June, alongside a 21 per cent increase in ticket prices. Revenue rose by a fifth to €4.34bn as the [...]
HMRC cracks down on tax-avoiding restaurants and takeaways July 21, 2025 HMRC has put the restaurant sector firmly in its sights as it tries to hit ambitious targets set by the government. It has ‘named and shamed’ 98 restaurant businesses in a single day, according to accountants Hacker Young. The firms owe a collective £10.4m in unpaid tax and HMRC has issued them with a total of [...]
How much will the Afghan data leak really cost? July 21, 2025 Many questions arise from the astonishing story of the Afghan data leak, but one is why the government seems to have no idea how much it will cost, says Eliot Wilson The announcement last week by defence secretary John Healey that the government had for two years had a super-injunction to conceal a massive loss [...]