Travis Perkins: New CEO named after torrid year and FTSE 250 shares slump May 9, 2025 The man chosen to lead an almighty rebuilding project at construction supplies giant Travis Perkins has been named. Gavin Slark has been picked as the Northamptonshire-headquartered company’s new chief executive and is set to take up his role no later than 1 January, 2026. Slark has held the same position at SIG since 2023 and [...]
British Airways owner IAG to buy 53 new aircraft as earnings beat estimates May 9, 2025 British Airways and Aer Lingus owner, IAG, has announced the order of 53 new aircraft for its fleet, alongside better-than-expected first-quarter results. IAG announced the order of 53 new Airbus and Boeing aircraft for its long-haul fleet, comprising 32 Boeing 787-10 aircraft for British Airways and 21 Airbus A330-900neo aircraft for Aer Lingus, Iberia and LEVEL. [...]
Rightmove: Lower mortgages and browsing Brits boost property portal May 9, 2025 Property platform Rightmove has benefitted from a more optimistic housing market as mortgage rates fall, with buyer demand and property listings both up. The FTSE100 company, which is home to over 80 per cent of all consumer time spent on UK property portals, said new property listings rose nine per cent in the first four [...]
Deliveroo’s sale reignites fear over UK’s tech exodus May 9, 2025 When London-headquartered Deliveroo announced in early May that it had agreed to be acquired by US delivery giant Doordash, it triggered more than just a major shakeup in the food tech sector. To many in the industry, it was a familiar story – yet another prominent British tech firm snapped up by an overseas buyer. [...]
‘Imperative’ that Oxford Street pedestrianisation includes hospitality May 9, 2025 The Mayor of London’s plan to pedestrianise Oxford Street must offer visitors “a mix of hospitality, leisure and retail” if it is to be successful – including eating and drinking spaces scattered through the middle of what used to be the road – the UK’s top hospitality lobby group has said. Writing to Sir Sadiq [...]
UK financial services can still drive growth in a volatile world May 9, 2025 Geopolitical turmoil is threatening the resilience of UK financial services, but we don't need to sacrifice growth to protect them, writes KPMG's Karim Haji.
How ‘unsexy’ B2B firms are pushing out consumer brands in sport May 9, 2025 “Unsexy” B2B firms are increasingly replacing consumer-facing brands in some of the country’s most prized sport sponsorship deals, new research has found. Manufacturing/engineering, specialist professional services, construction and software are four of the five fastest-growing industries appearing as front-of-shirt sponsors of England’s top football, rugby and cricket teams. The study by sponsorship intelligence firm Caytoo [...]
Analysis: What is in the US-UK trade deal and what does it mean? May 8, 2025 The US administration has offered the UK its first trade deal since President Trump turned global trade on its head last month. The UK government will see the deal as a win, at least symbolically, while Bank of England Governor Andrew Bailey hailed news of a trade deal as “excellent”. Chancellor Rachel Reeves said reducing [...]
Beckham, Neville, PR guru Kelly and Lord Davies take over Salford City May 8, 2025 Former Manchester United stars David Beckham and Gary Neville have joined forces with entrepreneur Declan Kelly and Lord Mervyn Davies to take control of Salford City FC. Beckham and Neville were already shareholders in the League Two football club as part of the Class of ’92 but Ryan Giggs, Paul Scholes, Nicky Butt and Phil [...]
Chelsea Women sign Skoda as first back of shirt sponsor May 8, 2025 Chelsea Women will get their first ever back of shirt partner after signing an extension to its partnership with Skoda. The Czech brand’s UK arm will don the back of the Chelsea shirts, effective immediately, having first partnered with the Kingsmeadow club in 2024. Chelsea won their sixth consecutive Women’s Super League title this month [...]