Amazon beats on profits, but tariff uncertainty weighs on stock May 2, 2025 Amazon topped Wall Street expectations in the first quarter of 2025, posting a 62 per cent jump in profit year on year. But a softer than expected cloud result and a cautious outlook for the coming quarter were enough to send shares lower in after-hours trading. This reflects the sensitivity of big tech valuations in [...]
Meet the best friends behind fast-growing Castore rival Montirex May 2, 2025 Montirex, a sportswear brand founded by two best friends, has predicted another huge jump in its sales and profit this year as it seeks to take on rival Castore. The Liverpool-headquartered business has revealed it is eyeing a turnover of around £130m for 2025, up from the £76.7m it achieved last year and £33.4m in [...]
Gibson Dunn nabs senior lawyer from its US competitor May 1, 2025 US law firm Gibson Dunn hired a senior lawyer from competitor firm Milbank to co-chair its transportation and space practice group
Week in Business: The billionaires backing Britain May 1, 2025 BlackRock CEO Larry Fink, Virgin supremo Sir Richard Branson, businessman John Caudwell and JP Morgan top dog Jamie Dimon – quite the quartet – have all made some fascinating interventions this week. Let’s start with BlackRock, the world’s largest investor, running more than $11 trillion on behalf of pension funds, private clients and sovereign wealth [...]
Tacking the rise in fraud requires a global response May 1, 2025 Skyrocketing rates of fraud in the UK necessitate a united and global response, writes minister for fraud Lord Hanson.
Mortgage borrowing surges ahead of stamp duty changes May 1, 2025 Net borrowing or mortgages spiked by £9.7bn in March as house buyers looked to clinch deals before higher stamp duty taxes came into effect. Net borrowing levels exceeded £13bn, according to the Bank of England, as the rise compared to February beat market forecasts of £3.2bn. EY ITEM Club’s Matt Swannell said the surge in [...]
Inside the Wes Anderson exhibition at the Design Museum: ‘fans will be blown away’ May 1, 2025 The Wes Anderson exhibition at London’s Design Museum opens in November Somewhere in Kent, on the edge of a field, stands a warehouse full of old props from Wes Anderson films. Ahead of the launch of the new Wes Anderson exhibition at the Design Museum this November, curator Johanna Agerman Ross got to do what [...]
Manufacturing edges towards year of decline amid ‘noticeable impact’ of tariffs May 1, 2025 UK manufacturing’s falling production levels show no signs of ending as the spectre of tariffs brings a “noticeable impact” on exporters’ sales, leading analysts have said. Firms have had to navigate through sticky inflation and high energy costs for the best part of three years as the UK’s weakened economy has failed to bounce back [...]
Bentley Flying Spur Speed review: Luxury limo or super saloon? May 1, 2025 Finally, the car industry has some clarity. The prime minister confirmed this month that hybrid cars – i.e. those that combine a petrol or diesel engine with an electric motor – can still be sold in the UK until 2035. Going fully electric from 2030 would be “too soon”, said Keir Starmer, who expressed his [...]
Business blowdrys: Forget golf, real deals are now made in the salon May 1, 2025 Forget making deals on the golf course, Anna Moloney has been WFH: working from hairdresser. Welcome to the strange new world of the business blowdry.