Legal & General: FTSE 100 giant hikes shareholder returns after strong year March 12, 2025 Asset management and insurance giant Legal & General has reported a six per cent increase in core operating profit for 2024. Core operating profit hit £1.6bn and pre-tax profit under IFRS accounting standards stood at £542m. Off the back of these robust numbers Legal & General announced a £500m share buyback for 2025, as part [...]
The British Motorsport Valley businessman taking Formula 1 by storm March 12, 2025 Have you watched a McLaren going around a Formula 1 track in recent seasons and thought you’d seen the sponsors changing? Spoiler alert: you have. Much is said about the success of Britain’s Motorsport Valley, an area of the country at the heart of Formula 1 – and wider racing – development, technology and entrepreneurship. [...]
The Gym Group: Revenue shoots up as growth plan gathers steam March 12, 2025 The Gym Group has reported a boost in revenue and profit as its ‘Next Chapter’ growth plan, launched in 2023, continues to pay off. The London-listed firm, which has more than 250 locations across Britain, reported a pre-tax profit of £3.6m in the year ended December 31, 2024, up from a pre-tax loss of £5.5m in [...]
Eyebrows raised as Manchester United skip tender to hire Foster for stadium March 12, 2025 Manchester United are set to confirm Sir Norman Foster’s firm as architects of their planned £2bn, 100,000-seat stadium without running a formal tender process. The absence of an open tender has caused surprise in the industry, given United are a listed company on the New York Stock Exchange, while Sir Jim Ratcliffe has also taken [...]
Five reasons the UK has a housing crisis March 12, 2025 Britain's housing crisis is acute: the nation today has a backlog of 4.3m homes. Here's why.
Preparing for war: What we didn’t learn from the pandemic March 12, 2025 The health service may not have been ready for the pandemic, but the rest of government was even less prepared. As we brace for a potential war, it’s time policy makers listen to that warning, says Joe Hill Carl von Clausewitz, the Prussian general, famously asserted that war was the “continuation of politics by other [...]
Man City owner City Football Group close in on £1bn combined losses March 11, 2025 Manchester City owners the City Football Group’s combined total losses are nearing £1bn after they registered a £122.2million pre-tax loss in the 2023-24 season. City Football Group, which counts the Premier League champions as its star asset, was founded in 2013 and is majority owned by Sheikh Mansour bin Zayed Al Nahyan with Silver Lake [...]
MIPIM: Sadiq Khan hails ‘perfect time’ to invest in London March 11, 2025 Sadiq Khan has said London’s “weather has changed” as he flew the flag for the capital at a major property conference in France. The mayor of London attended Europe’s biggest real estate trade show – Le Marché international des professionnels de l’immobilier, or MIPIM – in Cannes for the first time, just two weeks after [...]
FCA clarity on defence investment and green rules welcomed by MPs March 11, 2025 MPs have welcomed a move by the financial watchdog, clarifying that defence investments aren’t constrained by green or sustainability rules. The Financial Conduct Authority (FCA) released a statement on Tuesday morning clarifying their position on sustainability and defence investments. A spokesperson said: “Our sustainability rules do not prevent investment in or finance for defence companies. [...]
New Morgan Supersport is here to take on the Porsche 911 March 11, 2025 Morgan has affixed a ‘Supersport’ badge to go-faster versions of its existing cars since 1927. However, after 98 years, the Supersport has become a model in its own right, replacing the Plus Six at the top of the Morgan range. With bold design, new technology and even somewhere to put your shopping, Morgan hopes the [...]