Castore could snub London and float overseas as CEO talks up ‘global ambition’ April 23, 2025 The London Stock Exchange needs to offer something different if it’s going to convince Castore to float in the UK, its co-founder has said. Tom Beahon, speaking on an upcoming episode of City AM‘s Boardroom Uncovered podcast, said it would be “shame” if the brand didn’t end up choosing London and instead completed an initial [...]
Government borrowing in March dwarfs expectations April 23, 2025 Government borrowing overshot expectations as it hit £16.4bn in March, official data has revealed. Ballooning levels of borrowing will likely come as a blow to Chancellor Rachel Reeves, who is under pressure to keep public finances in balance. Reeves left herself £9.9bn at last month’s Spring Statement as she made around £14bn of cuts, mainly [...]
Tesla profits crash as Elon Musk fallout hits brand and bottom line April 23, 2025 Tesla reported a sharp decline in first-quarter profit on Tuesday, missing Wall Street estimates as the electric vehicle maker continued to grapple with slowing demand, rising competition, and mounting brand headwinds tied to chief executive Elon Musk’s political activities. Net income nosedived 71 per cent year-over-year to $409m (£307m) while revenue fell nine per cent [...]
Heathrow Airport holds outlook as profit edges up April 23, 2025 London Heathrow Airport has maintained its outlook for profit and passenger traffic as work continues “at pace” on a planning application for its third runway. The West London hub anticipates carrying a record 84.2m passengers in 2025, up 0.5 per cent year-on-year. But pre-tax earnings (EBITDA) are expected to decrease by 11 per cent to [...]
Leicester City stars face up to 50 per cent wage cuts after relegation April 23, 2025 Leicester City’s players are facing wage cuts of up to 50 per cent next season following their relegation from the Premier League. Leicester have acted to protect themselves when offering contracts to new players in recent years having also been relegated two seasons ago, with recent arrivals agreeing to pay cuts of between 35 and [...]
Bankrupt, rat-infested Birmingham shows why local government matters April 23, 2025 With local elections across much of England, it’s time we took regional accountability much more seriously, says Simon Clarke Next Thursday, there are local elections across much of England. For many people, these events will pass them by entirely. For others, they will be purely an opportunity to send a message about national politics: it [...]
There is such a thing as good growth April 23, 2025 The unbridled pursuit of more can be irresponsible at best, and exploitative at worst, but the upcoming generation of entrepreneurs understands that growth isn’t just about enriching businesses, but enriching society, says Orlando Martins It’s sensible for a business to seek to grow, if for no other reason than the lousy alternative: those that aren’t [...]
Formula E extends stay in London with contract extension April 23, 2025 Formula E will remain in the capital until 2026 after extending its deal with the ExCeL in east London. The all-electric racing series will return to the exhibition centre next year having stretched its deal by another 12 months to keep the Docklands landmark as host. It comes amid rumours that the series could up [...]
Iniesta face of FedEx-backed Champions of Business list April 22, 2025 Former Barcelona great Andres Iniesta has thrown himself into the corporate world, as face of the FedEx-backed Champions of Business list. Spaniard Iniesta, who played for Barcelona over 400 times and is an international centurion, is part of the campaign which aims to thrust SMEs into the spotlight. The complete FedEx list includes grassroots football [...]
Transmission to end season with a Boom at Sandown April 22, 2025 THIS season’s titanic trainers’ title battle between Dan Skelton and Willie Mullins rolls on into the final week of the Jumps season with everything set to boil down to Saturday’s star-studded card at Sandown. Predictably Mullins is throwing everything at trying to become UK Champion Trainer for the second year in a row, but still [...]