Cyber attack hits Heathrow and European airports September 20, 2025 A cyber attack has caused flight delays at Heathrow and several European airports, with problems lasting for hours on end. Airports in London, Berlin and Brussels have warned passengers that their flights may be delayed due to technical issues in check-in and boarding systems. The software provider, Collins Airspace, was suffering a technical issue for [...]
Former IoD boss banned as a director over Covid bounce back loan abuse September 18, 2025 A former boss of the Institute of Directors has been banned as a company director after being found to have breached Covid loan rules. Anna Daroy, who served as interim Chief Operating Officer and later as interim Director General of the Institute of Directors from October 2018 to November 2019, has been accused of obtaining [...]
A nine-point plan to get London building September 15, 2025 London’s housing delivery has collapsed due to regulatory delays, high costs, and stalled developments, but fast-tracking planning reform and supporting SME housebuilders could unlock thousands of homes, revive derelict sites, and make housing more affordable, says Paul Rickard London, once the UK’s housing and regeneration powerhouse, has seen the delivery of new homes plunge to [...]
HMRC loses over £800m to small business ‘phoenixing’ September 12, 2025 HM Revenue & Customs (HMRC) has lost more than £800m – more than previously estimated – through a tax loophole open to abuse by small businesses in the UK. The practice, known as ‘phoenixing‘, is where companies are repeatedly liquidate then set up as a new, identical, debt-free business. The tax authority lost £836m to this [...]
Merck warns UK is ‘not internationally competitive’ as it scraps £1bn London research centre September 10, 2025 Merck has pulled out of a planned £1bn London drug research centre in the latest blow to the government’s growth agenda. The US pharma giant is to lay off 127 staff alongside abandoning the construction project, which had been set to open in King’s Cross in 2027. The firm warned the UK would lag behind [...]
David Beckham’s former esports team owes millions after closure September 10, 2025 Creditors of an esports company initially backed by David Beckham are set to be left out of pocket to the tune of more than £2m after the firm went out of business. Guild Esports, which owns a multi-story gaming venue in Shoreditch, officially entered voluntary liquidation earlier this month after first being put up for [...]
After a year as Chancellor, Rachel Reeves has flunked her growth mission September 2, 2025 Rachel Reeves may not get an official exam transcript, but the numbers categorically show she's flunked her growth mission.
Mark Kleinman: Gupta steeled for high-wire act to end without Liberty August 28, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Gupta steeled for high-wire act to end without Liberty It’s crunch time – again. For Sanjeev Gupta, brushes with insolvency are nothing new. The steel tycoon has turned the process of snatching victory from the jaws of [...]
Government takes control of UK’s third-largest steelworks after collapse August 21, 2025 The UK government has taken control of the country’s third-largest steelworks as near 1,500 workers face uncertainty. Speciality Steels UK (SSUK), which owns major sites such as Liberty Steel in Rotherham, South Yorkshire, was put into compulsory liquidation after insolvency courts granted a winding-up order sought by creditors. The creditors said they were owned hundreds [...]
How David Beckham got into drone warfare August 20, 2025 A question: which stocks are among the best performing in 2025? You might pick Palantir, the US software business run by billionaire Alex Karp that’s trading on eye-popping multiples. It’s gone up a pretty respectable 145 per cent since January. Or maybe you’d opt for something more wacky like Smarter Web Company, the small website design [...]