HSBC investment bankers axed on bonus day received no bonus March 27, 2025 HSBC issued no bonuses to axed investment bankers, despite letting them go on the day they were set to learn their pay award figures. The FTSE giant told staff in its investment arm last month that they were facing the chop after the firm announced in January it would wind down mergers and acquisitions advisory [...]
US tariffs: Reynolds urges ‘cool heads’ over trade negotiations March 27, 2025 Jonathan Reynolds has said it is a time for “cool heads” as the UK engages with the US over tariff plans despite holding a “different set of views” on trade policy. It comes after Chancellor Rachel Reeves said the UK is not planning “at the moment” to introduce retaliatory tariffs on the US, after President [...]
Pittsburgh Steelers’ fintech stadium sponsor Acrisure enters English cricket March 27, 2025 Fintech and insurance firm Acrisure has entered English cricket, striking up a partnership with Nottinghamshire County Cricket Club. The Michigan-based firm, parent of Nottingham-based Russell Scanlan, will see the Trent Bridge Fox Road stand at the England international level stadium renamed the Acrisure Stand for the next three seasons. It will add to their sporting [...]
Playtech set to issue ‘beast of a dividend’ following Snaitech sale March 27, 2025 Gambling software firm Playtech is set to issue what analysts have described as a “beast of a dividend” later this year, as the sale of Snaitech reaches close to completion. Playtech agreed the sale of its Italian arm Snaitech to Flutter during last year for €2.3bn (£1.92bn), distributing most of the proceeds from the sale as a [...]
Naked Wines promises to ‘recalibrate’ business with new growth plan March 27, 2025 Naked Wines has released details of its new strategic growth plan as it promises to “recalibrate” the businesses to drive growth. The wine seller also announced that its trading performance “continues to track in line with expectations” ahead of full-year results later this year. Its share price rose more than 11 per cent in early [...]
FTSE 100 retail giant Next passes £1bn profit milestone for the first time March 27, 2025 Next has joined a small group of UK retail companies in reporting more than £1bn in annual profit. The high street bellwether told markets this morning that its profit before tax for the year to January 2025 was £1.01bn, up 10.1 per cent year on year. Its share price rose more than eight per cent [...]
Unlocking growth, delivering sustainability: London Stansted’s vision for the future March 27, 2025 The last few months have seen the new government make clear what it thinks about aviation’s role in achieving its growth mission. Through successive announcements about airport expansion, the Prime Minister, Chancellor and Transport Secretary have been among the senior Cabinet voices making clear a strong aviation sector is good for growth, and compatible with [...]
After losing IOC election, how about Seb Coe for chair of football regulator? March 27, 2025 It was, with hindsight, not a “keep Seb Coe out” but a “get Kirsty Coventry in” campaign that determined the International Olympic Committee (IOC) presidential election outcome. I was as guilty as most British observers in believing that Seb Coe would take it to the wire. Unconscious bias and all that. In the event, eight [...]
‘The deal was done before the starters arrived’: Fundment CEO on the art of the business lunch March 27, 2025 Fundment founder Ola Abdul secured £45m earlier this year. He tells us how he did it, including the art of the business lunch.
Tsunoda to be promoted to Red Bull F1 as Lawson relegated March 26, 2025 Liam Lawson is set to be brutally relegated on the Formula 1 grid from Red Bull to junior team Racing Bulls. The move comes after Yuki Tsunoda was last year overlooked for the seat after Sergio Perez was let go as world champion Max Verstappen’s partner at the team. Tsunoda is set to replace Lawson [...]