WPP boss Mark Read to step down June 9, 2025 WPP’s chief executive Mark Read will step down at the end of this year after the advertiser’s shares hit a four-year low earlier this year amid global economic headwinds and the rise of AI across the sector. Read departs after more a 30-year stint at the London-listed advertising group, of which seven were in the [...]
This is what London needs in the spending review June 9, 2025 We need radical action if we’re going to hit the target of building 88,000 homes a year, more powers for the Mayor and improvements to productivity to get London out of the cycle of spending cuts and tax rises, says John Dickie In less than a week, the Chancellor will fire the starting gun on [...]
Evri to ramp up courier workforce after DHL partnership June 9, 2025 Evri is planning to hire 5,000 couriers in a fresh recruitment drive as the parcel giant takes on rivals after entering the business letter market. The Yorkshire-based firm recently announced it was joining forces with DHL’s UK ecommerce arm to form one of the country’s biggest delivery firms. It said the new roles would bring [...]
‘A tax burden without precedent in the 21st Century’: Pub chain McMullen’s blasts government tax hikes June 6, 2025 One of Britain’s biggest pub chains has taken aim at the government’s “damaging” tax hikes, warning they will lead to lower demand and investment and have forced the hospitality sector to “bear the brunt” of rises in government spending. Hertford-based McMullen’s, which operates around 120 pubs in London and the home counties, including the Old [...]
Wise’s London listing snub shows the need for urgent City reform June 6, 2025 The loss of the primary listing of the fin tech Wise from London is another body blow to those seeking to reboot its fortunes as the international market where the best ideas find the best capital, writes shadow business secretary Andrew Griffith. Coming on the eve of London Tech Week it’s a real downer and [...]
The high-profile non-doms that have quit Britain since the Budget June 6, 2025 If the pleas of wealth advisers and tax lawyers are to be believed, since the Chancellor’s Autumn fiscal crackdown, non-doms have been leaving Britain in droves. We’ve listed the most high-profile departures since the Budget. Having made it almost exactly halfway through her maiden Budget, the UK’s first female Chancellor was beginning to find her [...]
Has Klarna’s buy now, pay later bubble burst? June 6, 2025 Buy now, pay later services have exploded in the last decade and industry titan Klarna has spearheaded growth. The global BNPL market is expected to top $560.1bn (£412.8bn) in 2025 with 13.7 per cent annual growth. Swedish fintech Klarna has historically dominated the space, notching a net operating income of $1.087bn in 2020. The firm [...]
Seven in 10 bosses think workers’ rights bill will dent growth June 6, 2025 Over seven in 10 bosses believe the government’s flagship workers’ rights overhaul will kibosh efforts to kickstart economic growth and lead to fewer new hires and more outsourcing of work abroad, fresh research has shown. According to a poll by the Institute of Directors (IoD), 72 per cent of business leaders in Britain believe that, [...]
British businesses celebrated in third year of The King’s Awards for Enterprise: June 5, 2025 The recipients of The King’s Awards for Enterprise have now been announced, celebrating the achievements of leading businesses from across the UK and Channel Islands and recognising their vital role in growing our economy to improve lives. This year, 197 businesses representing a diverse range of sectors, have been recognised by His Majesty The King [...]
Labour’s not for turning but the Inheritance Tax battle will rumble on June 5, 2025 Civil servants and politicians could not believe their eyes. As the hoarse grumble of diesel motors thundered along Whitehall, a fleet of tractors descended onto Parliament Square, heralded by a cacophony of honks to the tune of Aqua’s Barbie Girl. Beginning in November, farmers marched to Westminster to protest the government’s inheritance tax (IHT) reforms. [...]