Revealed: How much profit Amazon makes in the UK September 10, 2025 Amazon’s UK profit has been revealed – with the total estimated to be well above the £500m mark. Unusually, Jeff Bezos’ empire doesn’t file a single set of group accounts for its UK activities, instead choosing to report each company’s results separately with no parent entity in this country. The picture is also further complicated [...]
New minister must not kowtow to the social housing mafia like Angela Rayner September 10, 2025 Steve Reed must choose: will he side with reformers who understand the need for the private sector to be allowed to deliver, or with the old guard whose obsession with social and affordable housing means perpetual scarcity dressed up as compassion? Asks Simon Clarke When the new Housing Secretary, Steve Reed, declared on Monday he [...]
Pisces rival claims LSE venue won’t give firms enough trading volume September 10, 2025 The London Stock Exchange’s plan to let private companies trade shares just twice a year on a new private stock market will not offer firms or investors enough trading volume, according to the boss of a rival platform that hopes to launch next month. Mike McCudden, chief executive of private shares platform JP Jenkins, told [...]
Renters and landlords ‘in the dark’ on new law, Labour warned September 10, 2025 The UK’s landlord lobby group has warned that renters and landlords ‘desperately’ need more clarity on the rollout of the government’s Renters Rights Bill. The bill, which was debated in the House of Commons on Monday, is expected to receive Royal Assent in late 2025 and to become law in early 2026. It is one of [...]
Government urged to rethink digital procurement as ambitions stall September 10, 2025 The government’s ongoing ambitions for digital transformation risk grinding to a halt unless it overhauls the way it funds and invests in technology, according to a new report from techUK. The body’s recent ‘Financing the Future’ study posited that Whitehall’s procurement system remains too rigid and too focused on short-term products rather than long-term digital outcomes. Instead, [...]
Iconic City of London building unveils three new art galleries September 10, 2025 One of the City of London’s iconic buildings has unveiled three new free-to-enter art exhibition spaces that will house 24 shows over the next year. The No.1 Poultry building between Bank and St Paul’s has partnered with arts charity Hypha Studios and the Cheapside Business Alliance to turn currently unused offices into gallery space. Some [...]
City of London Police chair: Fraud is ‘damaging the foundations of our nation’ September 10, 2025 The chair of the City of London Police Authority Board has warned that fraud is “damaging the foundations of our nation” and the UK must treat it with the same urgency as street crime. Speaking at the Police Authority Board dinner on Wednesday, City AM can reveal that Tijs Broeke told senior police, business, and [...]
‘Embarrassed’ Mandelson: More Epstein letters ‘going to come out’ September 10, 2025 Lord Mandelson has apologised for the “embarrassing” letter he wrote to Jeffrey Epstein in which he referred to the convicted sex trafficker as his “best pal”, saying he “regrets very deeply” continuing his relationship with him after he was convicted. The former Labour spin doctor, often referred to as ‘the Prince of Darkness’, said that [...]
Mervyn King: UK debt is ‘not in a comfortable position’ September 10, 2025 The UK’s national debt load is “not in a comfortable position” and the government faces a “real challenge” in managing fiscal policy, the former Governor of the Bank of England has said. Speaking to Lords at a committee hearing on Wednesday, Mervyn King said the UK was in a “much stronger position” before the financial [...]
Profit slashed at Mike Ashley-backed Hugo Boss September 10, 2025 Profit at the UK arm of Hugo Boss, which counts Mike Ashley’s Frasers Group as a major shareholder, has been slashed for a second consecutive year. The London-headquartered division of the German group has posted a pre-tax profit of £9m for 2024, down from the £16.8m it achieved in 2023 and £30.4m in 2022. New [...]