Avison Young loses over £100m for a second year as more jobs cut May 29, 2025 More than £100m has been lost for a second consecutive year by the UK and European arm of global commercial real estate services firm Avison Young as it continued to cut jobs, it has been revealed. The Birmingham-headquartered division has reported a pre-tax loss of £101.8m for 2024, having posted the same total for 2023. [...]
PureGym: Losses near £90m amid huge expansion drive May 29, 2025 Losses at PureGym widened to almost £90m as it created hundreds of jobs and opened new locations in 2024, it has been revealed. The Leeds-headquartered low-cost chain has posted a pre-tax loss of £88.5m for its latest financial year, after having also lost £77.6m in the prior 12 months. In 2024, PureGym increased its headcount [...]
Auto Trader: FTSE 100 giant passes major milestone as profit jumps May 29, 2025 Sales at FTSE 100 giant Auto Trader have accelerated past a major milestone as its profit increased during its latest financial year as it defied a year of high interest rates and economic uncertainty. The Manchester-headquartered group has posted a revenue of £601.1m for the 12 months to 31 March, 2025, according to new figures [...]
Nationwide posts bumper year after stamp duty rush May 29, 2025 Nationwide Building Society bolstered its takings in the 12 months to March 31 2025, after a rush to beat the stamp duty deadline led to a surge in first-time buyers. The firm said it served more first-time buyers than any other lender in the UK, with 120,000 purchasing their first home. This was a significant leap from [...]
Tom Sellers: My message for Gen Z chefs May 29, 2025 Twelve years ago Tom Sellers, aged just 26, launched Restaurant Story. The fine dining restaurant in Bermondsey went on to land two Michelin stars and became one of the most sought-after meal tickets in the land. The menu, which revolved around stories from Sellers’ life, was a hit with both diners and critics, with dishes [...]
The post-Buffett era is an opportunity for UK small caps May 29, 2025 Undervalued, small UK companies are ripe for Warren Buffett-style investing, says Edmund Hill-Smith Warren Buffett’s decision to step down as CEO of Berkshire Hathaway marks a historic turning point, not just for the company, but for global capital allocation more broadly. For over six decades, Buffett’s disciplined, value-oriented approach has steered billions into what he [...]
Revolut: UK is ‘entrepreneurial hub of Europe’ May 28, 2025 UK entrepreneurship has stormed ahead of its European rivals, according to findings from the region’s most valuable fintech company. Fresh data from Revolut’s business arm shows half of British businesses using its services are startups, a figure that dwarfs its European counterparts. Their closest rivals, the Netherlands and Ireland, sit at near 40 per cent. [...]
Will the building safety levy constrain housebuilding? May 28, 2025 A new tax on the real estate industry risks trading a crisis in building safety for one of housing supply, argue Rick Atha and Amber Wright The building safety levy is due to come into effect in Autumn 2026, a year later than the government had previously indicated. The government aims to raise around £3.4bn [...]
Government slashes red tape to tackle housing crisis May 28, 2025 The government will slash red tape to get more construction by smaller building firms off the ground, and to “get working people on the housing ladder,” Deputy Prime Minister Angela Rayner has said as Labour looks to promote its pro-business credentials. A relaxation of environmental protections is expected, including Biodiversity Net Gain (BNG) requirements which [...]
Businesses rethink legal strategy as costs of lawyers surge May 28, 2025 Increasing amount of legal work will be handled by in-house law teams rather than law firms as businesses face cost pressures