Oxford Street pedestrianisation: Don’t let local objections ruin the nation’s high street April 29, 2025 Pedestrianising Oxford Street will unlock benefits for the whole country. We can't let local politics derail it, writes Ben Johnson.
HSBC shares jump as lender ups bad loan provisions after tariff chaos April 29, 2025 HSBC shares rose in early trading after the lender increased provisions for loan losses in its first-quarter report. The FTSE 100 giant’s stock jumped two per cent as trade war woes clouded the lender’s results. The bank raised expected credit losses to $876m (£653m), from $202m in a stark indication of firm’s outlook on the [...]
Bank of England ‘killing’ UK stablecoin ambitions, body warns April 29, 2025 The Bank of England risks “killing” London’s potential to become a global hub for stablecoins with its “prescriptive” rules, an industry body has warned, as it called for the rapid creation of a regulatory regime to support use of the digital assets. London’s dominance of the foreign exchange market, in which it accounts for as [...]
Welcome to the shape-shifting world of big tech taxes April 29, 2025 Axing the Digital Services Tax may be the price Britain pays for a trade deal with the US, but that doesn’t mean we’ve seen the back of tech taxes, says Tim Sarson Just a few days ago, Rachel Reeves was strolling in, to paraphrase Flanders and Swan, the geopolitical zoo that is Washington DC, attempting [...]
EY: Two years of slow UK growth means ‘increased chances’ of tax rises April 28, 2025 Rachel Reeves may have to resort to reversing Labour manifesto tax pledges as UK growth fails to exceed one per cent for two years running, EY ITEM Club have said, in the latest blow to the chancellor’s fiscal plans The Chancellor has been warned by several forecasters that President Trump’s tariffs will hammer the UK [...]
Why there’s still plenty to cheer about in the City of London April 28, 2025 Forget the doomsayers, there's still plenty to cheer about here in the City of London, writes Chris Hayward.
Mobico: National Express owner’s school bus deal leaves much to be desired April 25, 2025 National Express owner Mobico has at long last agreed a deal to flog off its struggling North American school bus division. The London-listed bus and coach firm on Friday unveiled plans for a £457m sale to the US infrastructure investor, I Squared Capital. Its school bus segment had weighed on shares since the pandemic amid [...]
David Kogan: Media grandee set to chair football regulator April 25, 2025 Media heavyweight David Kogan OBE, a former advisor to the Premier League with links to the Labour party, has been named the government’s preferred candidate to chair the independent football regulator. Kogan, 67, has seen off competition from serial football club executive Christian Purslow, equality campaigner Sanjay Bhandari and former parliamentary expenses watchdog Professor Sir [...]
Bukayo Saka: Arsenal star’s image rights company doubles earnings April 25, 2025 A company set up to manage Arsenal and England forward Bukayo Saka’s image rights more than doubled in value last year. Income at BS7 Rights Limited, which is run by his parents Adenike Saka and Hamed Saka, increased from £2.30m to £4.64m in 2024. The sharp rise came after Saka signed a new contract at [...]
Mobico shares crater amid £460m North American school bus sale April 25, 2025 Mobico shares cratered more than 35 per cent on Friday as it announced plans to sell its North American school bus business to the US infrastructure investor, I Squared Capital. The much-anticipated deal is valued at £460m, which is less than analysts had expected. Mobico said it would lead to upfront net proceeds of around [...]