Spending Review: Athletes urge Starmer and Reeves to back London 2029 bid June 4, 2025 Keely Hodgkinson, Sir Mo Farah and Dame Jessica Ennis-Hill are among more than 100 athletes who have urged the government to back London’s bid to host the 2029 World Athletics Championships in its Spending Review. The plea for funding, in an open letter addressed to Prime Minister Sir Keir Starmer, comes ahead of Chancellor Rachel [...]
Phone Marking Sessions Helping Combat Mobile Theft June 4, 2025 Five City Business Improvement Districts and City Business Partnership have partnered with the City of London Police to run free phone marking events to help combat the increase in mobile phone theft. To make stolen phones traceable and strengthen the criminal case against thieves when arrested, these discreet and unique stickers help police to quickly [...]
IG Group stock dips after UBS downgrade June 4, 2025 IG Group has been downgraded by UBS, sending its stock price down amid fears over the weakness of the US dollar. The FTSE 250 trading firm was downgraded from a ‘Buy’ to ‘Neutral’ by UBS analysts, who cited its relatively high valuation and growth challenges. IG Group’s stock price surged more than 15 per cent [...]
UK trade deals to lift growth, KPMG says June 4, 2025 UK growth could be higher than expected due to trade deals agreed with the US and the European Union, a City consultancy has said. Most forecasters downgraded the UK’s economic outlook for the year in the wake of President Trump’s ‘Liberation Day’, with the IMF and other major forecasters warning the UK was set to [...]
B&M: Revenue ticks up as new stores outperform June 4, 2025 Discount retailer B&M has reported a bump in its full-year earnings after progress in France and a better-than-anticipated performance at its new stores. The London-listed Luxembourg-headquartered company reported revenue of £5.57bn in the 52 weeks ended March 29, up 3.7 per cent year on year. It said the higher revenue was “primarily driven” by the contribution [...]
Textor ready to sell stake in Crystal Palace to help Eagles reach Europe June 4, 2025 John Textor says he is ready to sell his stake in Crystal Palace to avoid the club being kicked out of the Europa League due to rules on multi-club ownership. The American is the largest shareholder in the FA Cup winners with a 43 per cent stake and has accepted defeat in his recent attempts [...]
Red Bull eyes franchise in R360 rugby breakaway league June 4, 2025 Red Bull is one of the sports investors to have expressed an interest in buying a franchise in R360, the revolutionary new global rugby union competition that it is claimed will launch next year. A proposed grand prix-style travelling league featuring eight men’s franchises and a four-team women’s competition has been put together by a [...]
The Debate: Should the UK decriminalise cannabis? June 4, 2025 Sadiq Khan says yes, but is the UK really ready for looser rules around cannabis? We get two experts to argue for and against.
Sellafield: MPs warn of ‘sub-optimal’ culture at UK’s most hazardous nuclear site June 4, 2025 MPs have warned of a “sub-optimal” culture at the UK’s most hazardous waste site following whistleblower allegations. Sellafield in Cumbria is managed by the Nuclear Decomissioning Authority (NDA) and is responsible for around 85 per cent of the UK’s nuclear waste. It has faced criticism for presiding over safety issues, cost overruns and whistleblower allegations [...]
Business investment could be revived in ‘promising’ sign, BCC says June 4, 2025 Business investment could soar as high as 4.8 per cent this year, a leading commercial group has predicted, bulldozing through its previous expectations of a paltry 0.6 per cent rise. Little cash has been put into making firms more effective in recent years, which has in turn stalled growth and hampered the UK’s ability to [...]