FCA to rip up insurance rules in drive for growth May 14, 2025 The Financial Conduct Authority has outlined plans to ditch “outdated or duplicated” insurance rules in a bid to help firms reduce costs and drive competition. The City regulator’s fresh proposals would hand firms greater responsibility over reviewing the value of their product. This would involve companies using the risks and characteristics of each individual product [...]
Business Secretary can’t commit to lower energy costs in industrial strategy May 14, 2025 Business Secretary Jonathan Reynolds was unable to confirm whether the government’s upcoming industrial strategy will include a roadmap to lower industrial energy costs and help for businesses wrestling with high prices. Reynolds faced questions from MPs on the Business and Trade committee yesterday over whether he could guarantee lower costs for industry. He told the [...]
Uncertain US tariffs put Rolex, Patek Philippe and Omega in a precarious position May 14, 2025 Swiss watchmakers are nervously awaiting a positive outcome for US-Switzerland tariffs negotiations to avoid throwing the industry into chaos. On July 1, Swiss exports in the US will be slapped with a 31 per cent tariff – that is, unless the country can negotiate a deal before then. “These tariffs… place the international watch trade [...]
UK jobs markets suffers a fainting fit…will the patient get worse? May 14, 2025 We now know that since the start of the year the number of payrolled employees in the UK has fallen by around 100,000 – adding to the emerging narrative that when it comes to employment, things are going in the wrong direction. Fewer people employed, fewer vacancies and fewer jobs likely to be created. The [...]
Plans to build UK’s largest arena in London revealed by Co-op Live owner May 14, 2025 The live entertainment giant which co-owns the UK’s largest indoor arena, Co-op Live, is looking at building up to two new venues in London at a cost of around £1.5bn. Speaking to City AM, Oak View Group (OVG) chief executive Tim Leiweke revealed plans for up to two arenas are currently being considered with the [...]
NFL London: Vikings, Broncos and Rams heading to capital May 13, 2025 The Minnesota Vikings, Denver Broncos and Los Angeles Rams have been announced as the designated away teams for the NFL London Games series. The Vikings will feature for a second consecutive season at the Tottenham Hotspur Stadium and face the Cleveland Browns in Week Five. It will be the 40th match in London. At the [...]
Everton Women to inherit Goodison Park next season May 13, 2025 Goodison Park is to become the home of Everton Women after the men’s team relocates to its new stadium at Bramley-Moore Dock this summer. It follows a review by Everton’s owners, The Friedkin Group, into what to do with the stadium, which has been the club’s home for more than 130 years. The 39,000-capacity venue [...]
New immigration plans could reverse the UK’s tech exodus May 13, 2025 The UK government’s recently unveiled immigration white paper has triggered cautious optimism across the tech sector, as policymakers aim to reverse a talent bottleneck that many say has long stifled innovation and growth. As part of a broader industrial strategy targeting sectors like AI, quantum, and green tech, the paper outlines steps to widen access [...]
Harry Kane-backed Reflo partners Forest Green Rovers ahead of funding round May 13, 2025 British sustainable sportswear brand Reflo will today partner with football club Forest Green Rovers ahead of a multi-million pound funding round. Reflo – which boasts deals with Harry Kane, Luton Town and three Formula E teams – will partner with the Dale Vince-owned National League play-off team on a four-year deal that will see kits [...]
Papa Johns boss brands rising costs a ‘perfect storm of difficulty’ May 13, 2025 The UK boss of pizza chain Papa Johns has branded the rising costs his business is facing as a result of"perfect storm of difficulty".