Britannia: Millionaire ‘Asylum King’ hotel tycoon rakes in the cash April 11, 2025 The millionaire hotel tycoon dubbed the ‘Asylum King’ is still raking in the cash despite his Britannia chain being ranked the worst in the UK. Alex Langsam founded Britannia Hotels in 1976 after opening his first site in Manchester. Langsam remains the company’s chief executive and largest shareholder while his empire also extends to budget [...]
Consumer confidence flattens as recovery stalls despite wage growth April 11, 2025 Consumer confidence was flat in the first quarter of the year despite high wage growth, as economic uncertainty weighs on Brits. Overall consumer confidence rose 0.3 percentage points in the first three months of 2025, with sentiment towards the UK economy at its lowest level in over a year, according to Deloitte. “The consumer recovery [...]
Welcome to the era of the £6 pint April 11, 2025 The average price of a pint in London is set to hit £6.06, almost £1 over the national average. Our pubs urgently need business rates reform to save jobs and boost growth, says Emma McClarkin British pubs have been hit as hard as any business by the government’s economic policies, and it’s starting to cost [...]
Life on the edge: A deep dive into the crazy world of Margate April 10, 2025 Five years ago, some dilapidated public urinals in a park in Margate were sold at auction by the council to a private bidder for £11,000. The shabby little structure is barely visible from the path, a graffitied block hidden behind shrubs with weeds winding through the roof and floor. The original glazed urinals are exposed [...]
Tesco: Supermarket giant’s profit beats City expectations but ‘trolley wars’ hit outlook April 10, 2025 Supermarket giant Tesco has beaten profit expectations as it continues to speed ahead in the competitive UK grocery market, but it warned that high competition will affect profit next year. Tesco shares slumped more than seven per cent in early deals. The UK’s biggest supermarket told markets this morning that group adjusted operating profit rose [...]
Bionow Awards honour our greatest Innovators April 9, 2025 The Bionow Awards are given to honour those most deserving for their ingenuity and dedication, distinguishing them from their competitors and proving them worthy of recognition. With a prestigious history of more than 20 years, the awards have become the leading life sciences accolades in the UK; highlighting the achievements of the sector, shining a [...]
City slashes UK growth forecasts radically in wake of Trump tariffs April 9, 2025 City forecasters have radically cut UK growth forecasts as President Donald Trump’s tariffs are widely expected to cause great damage to the global economy. Markets across Europe are sliding again today after tariffs came into effect, a clear sign that economists and investors are fearing hits to profit. New research by the polling firm Consensus [...]
JD Sports boss warns of price rises as shoe makers resist Trump’s tariffs April 9, 2025 The chairman of FTSE 100 giant JD Sports has said prices will rise if President Donald Trump’s tariffs stay at their current levels. Speaking on the Today programme, chairman Andrew Higginson, who also chairs the British Retail Consortium (BRC), added that it’s unlikely shoe production will shift to the US and lambasted the uncertainty caused [...]
Tariffs could destabilise UK financial system, Bank of England warns April 9, 2025 President Donald Trump’s global trade war is likely to destabilise the UK’s financial system, but the Bank of England has said banks will be able to cope with the shocks. The Bank’s policymakers also warned that the break-up of global trade would lower resilience and depress growth. The Financial Policy Committee (FPC), which monitors risks [...]
UK firms overpaying billions in corporation tax, research finds April 9, 2025 UK firms overpaid £14.2bn in corporation in the last tax year, according to research by a leading accountancy firm