Canary Wharf Group tops 250,000 sq ft of office space leased this year August 6, 2025 Canary Wharf has announced two new major leasing deals, taking the total amount of space leased this year to 250,000sq ft. Banco Bilbao Vizcaya Argentaria (BBVA) will extend their office footprint to 60,000 sq ft and extend its lease at One Canada Water until 2035. SmartestEnergy, which helps companies navigate the energy transition, will lease 20,000sq [...]
Simmons: Bar chain owed millions to OakNorth, tax collectors before entering administration August 6, 2025 Simmons owed millions of pounds in debts to OakNorth bank and tax collectors before it was put into administration, fresh corporate documents have revealed. The London-based cocktail bar chain has made at least 30 staff redundant alongside closing several sites as founder Nick Campbell battled to secure rescue funding to buy the company in a [...]
Construction sector contracts at the fastest pace since 2020 August 6, 2025 Activity in the UK’s construction industry is contracting at the fastest rate since the coronavirus pandemic in 2020 as high costs and tax hikes bite. The sector is vital for the Labour government’s plans for a house building boom and improvements in infrastructure, with the private sector expected to help boost the UK’s economic growth. [...]
THG sells flavour lab Claremont for £103m August 6, 2025 THG, the London-listed firm behind fitness supplement brand Myprotein, has announced the sale of flavour manufacturing and development lab Claremont. The company will sell Claremont for £103m to international flavour specialist, Nactarome Group, having purchased the business for £52m in late 2020. City AM is part of THG Ingenuity, which was demerged from THG at the [...]
TP ICAP shares fall despite revenue growth August 6, 2025 Interdealer broker TP ICAP Group reported record revenue growth in the first half of the year, supported by strong broker productivity, cost control, and strategic diversification. The firm recorded adjusted revenue of £1.22bn, up seven per cent, driven by momentum in its global broking and Liquidnet divisions. The global broking arm was the business’s best [...]
Metro Bank trebles profit amid pivot to specialist lending August 6, 2025 Metro Bank more than trebled its profit in the first six months of the year as its transformation strategy gained pace. The high street lender recorded an underlying profit before tax of £45m, compared with £12.8m in the second half of 2024. Revenue grew 22 per cent to £286m whilst operating costs fell eight per [...]
Zempler Bank grows profit on the back of high interest rates August 6, 2025 Zempler Bank has recorded its third consecutive year of profitability after a cheering jump in customer deposits and a strong performance in interest income. The UK fintech – formerly known as Cashplus – recorded a 58 per cent leap in pre-tax profit to £5.2m for the year ending March 31 2025. It comes as deposits [...]
The Bank of England’s trouble-free decision to cut interest rates August 6, 2025 The Bank of England has long suffered from the accusation of groupthink. Reforms have been mooted – and some have been implemented – but it has struggled to shake off the charge. Economists at the Cato Institute and the National Institute of Economic and Social Research (NIESR) have, for example, pointed the blame at Threadneedle [...]
We are governed by people who don’t know what they’re doing August 6, 2025 Almost 100,000 jobs in the hospitality sector have disappeared since the government unveiled its hike to employers’ National Insurance Contributions, and lowered the threshold at which it is paid. Employers have also had to contend with a rise in the minimum wage amid a storm of other headwinds including inflation, energy costs and generally weak [...]
What’s next for River Island as it enters ‘last chance saloon’? August 6, 2025 River Island will face its last chance to restructure its flagging finances this Thursday at the High Court, with the retailer set to fall into administration as early as September if the plan is not allowed. This follows months of uncertainty over the company’s future as customers increasingly turn away from middle-market, bricks-and-mortar stores. “River [...]