Whisk(e)y Business: The Irish Whiskey renaissance March 14, 2025 Whisky Business: City AM’s monthly look at the world of whisky. Today, Scotland is the world’s go-to destination for whisky, but back in the 19th century, Irish whisky (the ‘e’ in Irish whiskey wasn’t universal until the latter half of the 1990s), not Scotch, dominated the global market. By the late 1800s, Irish distillers had the [...]
Will Man United’s stadium project really deliver £7.3bn a year to the UK? March 14, 2025 It wasn’t just the big top design and Sir Jim Ratcliffe’s comparison’s with the Eiffel Tower that raised eyebrows when Manchester United revealed the latest plans for a new £2bn stadium to replace Old Trafford this week. The benefits forecast for the project, which includes the wider regeneration of the area, also set tongues wagging: [...]
UK’s biggest class action lawsuit could expose the perils of litigation funding March 14, 2025 This week lawyers are delivering their closing arguments in the UK’s biggest ever class action lawsuit relating to a dam disaster in Brazil. The victims deserve justice, but the predatory business model of their funders does not inspire confidence, says Mark Hollingsworth Litigation is risky, expensive and stressful. Just ask the 555 beleaguered subpostmasters whose [...]
Farmers aren’t the only ones affected by inheritance tax changes March 14, 2025 Most of the coverage of inheritance tax has focused on farmers but they make up a tiny proportion of the businesses that will be hit by this unfair levy, it’s time for family businesses to speak up, says Lucy Williams While I have every sympathy for the farming community, many would be forgiven for thinking [...]
Are you an SME looking to export? Here’s what you need to know March 14, 2025 As Paul Lindley is appointed advisor to the newly announced Board of Trade, he explains why there’s never been a better tome for SMEs to start exporting The UK’s trading landscape has been transformed in recent years, with Brexit reshaping relationships with the EU, new trade agreements emerging and a notable rise in global economic [...]
Frankie Dettori: Jockey ’embarrassed’ after filing for bankruptcy March 13, 2025 Jockey Frankie Dettori declared he is “saddened and embarrassed” after announcing he is filing for bankruptcy. The three-time champion jockey in Britain is now based in America after shelving earlier plans to retire. In a statement, Dettori said: “For the last six months, my advisors have been working with HMRC in an attempt to find [...]
Steel tariffs: US trade policy under Trump ‘challenging’, Reynolds admits March 13, 2025 The US tariff policy under President Donald Trump is proving “challenging” for Britain, the business and trade secretary has admitted. Jonathan Reynolds is in discussions with his US counterparts over Trump’s new 25 per cent tariff regime on steel and aluminium imports – but has not secured an exemption for the UK. It comes after [...]
PensionBee: Losses slashed as US expansion helps revenue surge March 13, 2025 PensionBee has hailed a “transformative year” for the listed business as it slashed its pre-tax loss and grew its revenue by almost £10m as it expanded into the US. The company has posted a pre-tax loss of £3.1m for 2024, down from the £10.5m loss it reported for 2023. New figures filed with the London [...]
Lok’nStore slumps to a loss after £378m takeover as bonuses cut March 13, 2025 UK self-storage group Lok’nStore slumped to a loss in the year it was taken private in a deal worth around £378m, it has been revealed. The Surrey-headquartered company was snapped up by Belgium’s Shurgard in April 2024. Lok’nStore had been listed on the London Stock Exchange’s AIM since 2000. New accounts filed with Companies House show [...]
Formula 1 prize money: Why constructors’ title trumps driver championship March 13, 2025 In Formula 1, the glory always seems to belong to the driver who is crowned world champion. That is justified: the winner has usually earned the trophy and become the one to beat with a consistent season of quality results. But the reality is that for the majority in Formula 1 it is not the [...]