Speedy Hire swings to loss amid depot closures June 18, 2025 Speedy Hire has slumped into the red as it grapples with a challenging economic backdrop and tax hikes announced in Chancellor Rachel Reeves’ Autumn Budget. The London-listed firm, an equipment hire specialist, swung to a pre-tax loss of £1.5m in the year ended 31 March, 2025, down from gains of £5.1m the prior 12 months. [...]
Growth 500: Celebrating Britain’s fastest-growing businesses June 18, 2025 A green agriculture company, a luxury tour guide, and a music promoter have been named as three of the 10 fastest-growing businesses in the UK, in a new list charting Britain’s hottest companies. According to the newly launched Growth 500 – an index of fast-growing British businesses which claims to be the most comprehensive ever [...]
HS2 faces two more years of delay amid ‘litany of failures’ June 18, 2025 Ministers will delay HS2 by at least another two years and outline a “litany of failures” which have led to costs on the project spiralling out of control, in the latest storm facing Britain’s biggest infrastructure project. Transport secretary Heidi Alexander will present the findings of two scathing reports into the project on Wednesday afternoon, [...]
Six Nations look to lure Sky by bundling TV rights with Lions June 18, 2025 The Six Nations unions are in talks with the British and Irish Lions about bundling their TV rights for the next four-year cycle. European unions have already sold TV rights for the Six Nations between 2026 and 2029 in a joint deal with ITV and BBC, but have yet to go to market with their [...]
St James’ Place: Labour’s dividend tax plans could backfire June 18, 2025 Any attempt to get more cash through increasing the top rate of tax on dividends may backfire and instead dry up revenue streams, Chancellor Reeves has been warned, as investors look to this year’s Autumn Budget with a sense of dread. Reeves is poised to hike taxes later this year by as much as £20bn [...]
Non-dom U-turn would keep South African billionaire in UK June 18, 2025 South Africa’s richest self-made woman would cancel her plans to leave Britain if Rachel Reeves goes ahead with a change to non-dom inheritance tax rules said to be under consideration by the Treasury. Magda Wierzycka, the billionaire entrepreneur behind UK venture capital fund Braavos, had intended to join the wave of rich foreigners departing Britain, [...]
London Mayor ready for London Olympics bid after Brit backing June 18, 2025 The Mayor of London says he stands ready to help form a bid for the 2040 Olympic Games after City AM polling revealed widespread support for the plans. Over half of Brits back London challenging the likes of Saudi Arabia to bring the Olympic and Paralympic Games to Britain for a fourth time. The exclusive [...]
The City needs a Thatcher-style revolution June 18, 2025 Fifty years after Thatcher took charge, the City of London faces a crisis of confidence and capital— and only bold, radical reform in her spirit can revive its global standing, says Tim Focas Hard to believe, but it is 50 years since Margaret Thatcher took the helm of the Conservative Party. Though her tenure as [...]
Bolt vs Lime: Uber rival to launch e-bikes in London June 18, 2025 Bolt has unveiled plans to introduce electric bikes in London this summer, challenging Lime’s near-monopoly in the capital. The Estonian ride-hailer, which is the largest e-scooter and bike provider in Europe, will launch its London service in August under close supervision from Transport for London (TfL) and local councils. The move makes Bolt the first [...]
Reeves to invest billions in a new housing bank for UK builders June 17, 2025 The government has announced plans to create a new national housing bank to encourage private investment and boost housebuilders. It says the bank, which will provide £16bn of new public investment, will unlock over £53bn of private investment over the next decade and help to build hundreds of thousands of homes. The £16bn investment includes £10.5bn [...]