Issa brothers finally repay EG Group loan used to buy private jet October 14, 2025 The Issa brothers have finally repaid the huge loan they borrowed from their own forecourt and retail empire to buy a private jet, City AM can reveal. The billionaire duo had owed as much as $41m (£31m) to EG Group via an Isle of Man-based company they controlled called Clear Sky 2, which was used [...]
Virgin Atlantic CEO in the departure lounge as successor named October 13, 2025 The chief executive of Virgin Atlantic, which was founded by Sir Richard Branson, is to step down as his successor was named. Shai Weiss is to leave his position at Virgin Atlantic after seven years at the end of 2025. He will be succeeded by Corneel Koster. Koster re-joined Virgin Atlantic in 2019 as a [...]
Legal & General eyes bid for Natwest pension provider October 11, 2025 Legal & General is eying a bid for Natwest’s pension provider Cushon as the financial services giant looks to beef up its segment in the retirement market. The FTSE 100 giant is among a handful of potential buyers who have expressed interest in acquiring Cushon. Such a deal with Legal & General would thrust the [...]
Mark Kleinman: Reeves heads outside in hunt for new banking watchdog October 9, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Reeves heads outside in hunt for new banking watchdog File it under ‘Rachel Reeves’s headaches’. A search for Britain’s top banking regulator is about to get underway, and the word in Whitehall is that the chancellor [...]
Sir Jim Ratcliffe: Act now or five million jobs will be lost October 9, 2025 Sir Jim Ratcliffe has called on Europe’s leaders to save the continent’s chemicals industry or risk losing millions of jobs. The founder and chairman of Ineos has urged politicians to make an “eleventh-hour intervention” at what he has described as a “moment of reckoning” for the industry. Sir Jim, who is also known as a [...]
‘Hard to accept’: Small firms round on energy intensive subsidies October 8, 2025 So-called standing charges are going up by as much as 94 per cent for all businesses bar the most energy intensive come April. Many are up in arms, writes Ali Lyon Even businesses like Michael Morris’s Beachcomber Amusements – a traditional arcade that treats guests in the small Fife town of Leven to games of [...]
Football clubs concerned as EFL set to axe its rogue owners test October 8, 2025 The EFL is planning to hand over sole responsibility for assessing the suitability of potential owners to the Independent Football Regulator (IFR), raising concerns among some clubs over whether the new government-backed body has the resources and expertise to make such judgements effectively. The Premier League, in contrast, will continue to operate its own Owners’ [...]
EU tariffs leave UK steel industry facing ‘biggest threat ever’ October 7, 2025 The UK’s ailing steel sector is facing the “biggest crisis in its history”, industry chiefs have warned, after the European Union unveiled plans to double tariffs on all steel imports in a bid to revive its moribund steelmaking capacity. As part of efforts to kickstart a “reindustrialisation of Europe“, EU commissioners signed off a proposal [...]
Sir Jim Ratcliffe’s Ineos issues ‘urgent warning’ amid job cuts October 7, 2025 Sir Jim Ratcliffe’s Ineos is to cut 20 per cent of the workforce at its Acetyls plant at Hull, it has been confirmed. In total, 60 jobs are set to be lost in what the group said was a “direct result of sky-high energy costs and anti-competitive trade practices”. Confirming the news, Ineos blamed “dirt-cheap [...]
On this day: Fox News hits our screens October 7, 2025 On this day in 1996, Rupert Murdoch launched Fox News Channel and changed the American news landscape, writes Eliot Wilson.