Versace: UK sales slashed again as profit almost wiped out October 14, 2025 Sales at the UK arm of fashion house Versace have been slashed by a fifth for a second consecutive year as the downturn in luxury spending continues. The division has reported a turnover of £15.2m for the 12 months to 31 March, 2025, new accounts filed with Companies House have revealed. The latest total is [...]
Mind the Split: London is the best city to be a divorce lawyer October 14, 2025 London’s reputation as the divorce capital of the world looks set to grow after a recent court ruling paved the way for more foreign cases to be heard in the city. Litigation-focused law firm Stewarts has expanded its high-net-worth practice to meet rising demand for complex, high-value divorce work. High-profile, high-net-worth divorces collect media headlines [...]
Revolut boss abandons UK residency in favour of UAE October 7, 2025 The boss of London-born fintech juggernaut Revolut has abandoned his main residency in the UK in favour of the United Arab Emirates. Nik Storonsky’s updated residency was posted in fresh Companies House filings on the fintech chief’s family company on Tuesday. The move comes mere weeks after Revolut pumped £3bn into the UK as it [...]
Capitulation clearing Russia and Putin’s path to LA 2028 Olympics October 2, 2025 Vladimir Putin’s path to Los Angeles 2028 is being cleared, his war on Ukraine becoming normalised in the minds of the world’s sports administrators. Last week’s votes by the International Paralympic Committee to readmit Russia and Belarus are, to my mind, a shameful capitulation and represent a triumph for the warmonger. All eyes now on [...]
Rolls-Royce, BAE, Babcock: Defence shares rally after Trump remarks September 24, 2025 Shares in London-listed defence firms rallied during early trading on Wednesday after President Donald Trump changed his tune on the Russia and Ukraine conflict. Aerospace firm BAE Systems led the City’s blue-chips with a 1.6 per cent gain to 1,982.50. Meanwhile Babcock was up over one per cent to 1,195 and FTSE darling Rolls-Royce rose [...]
Fabergé lost millions before takeover deal September 23, 2025 Fabergé, the jeweller famous for its imperial Russian Easter eggs, fell into the red in the year before being sold to a technology investor for $50m (£37m) last month. The company is set to be taken over by SMG Capital, a US investment company controlled by the tech backer Sergei Mosunov. Fabergé is currently owned [...]
Heathrow passengers hit by second day of disruption after cyber attack September 21, 2025 London Heathrow, the UK’s busiest airport, is grappling with a second consecutive day of disruption after a cyber attack on a critical airline IT system forced carriers to abandon automated check-in and boarding. The problems began late on Friday when Collins Aerospace, a US-based supplier of airline technology, confirmed its Muse system, which allows multiple [...]
UK to explore ‘reparations loan’ for Ukraine using frozen Russian assets September 20, 2025 Rachel Reeves will announce plans to explore using frozen Russian assets to fund a “reparations loan” that could provide billions of pounds for Ukraine’s war effort. The Chancellor is expected to make the announcement at a meeting with her European counterparts in Copenhagen on Saturday, saying it is “right to explore all options to support [...]
EU chief von der Leyen hit with defamation lawsuit by MEP September 17, 2025 The European Commission President, Ursula von der Leyen, has been hit with legal action by an MEP for alleged defamation in comments she made at the European Parliament. Romanian MEP Gheorghe Piperea, from the right-wing European Conservatives and Reformists (ECR), has filed a claim at the EU Court of Justice. According to his statement, as [...]
Like Covid, we ignore AI exponentials at our peril September 17, 2025 The Notebook: Where the City’s movers and shakers have their say. Today, it’s Marc Warner, chief executive of AI firm Faculty It’s February 2020. A little known disease called coronavirus is spreading exponentially. It seemed early to act – but before long, the NHS risked being overwhelmed and lockdown was unavoidable. It’s almost a cliche [...]