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 [...]
Exec behind Lloyds mass affluent push quits within days of launch June 4, 2025 A Lloyds exec behind the bank’s push to attract “mass affluent” customers has departed within days of the launch of its new service. Jo Harris, who has been with the FTSE 100 bank for more than a decade, would be leaving at the end of the month, according to an internal memo seen by the [...]
Westminster is dancing to Nigel Farage’s tune June 4, 2025 Whether it’s Keir Starmer’s welfare U-turns or Robert Jenrick’s viral videos, parties of the left and right are scrabbling to respond to Farage’s Reform onslaught, says Emma Revell Spending time away from the office when you work in Westminster is a strange experience. Either you keep watching the news and doomscrolling on social media, in [...]
Gone phishing: the rise of retail cyber crime in three charts June 2, 2025 In the past month alone, cyber attacks have gone from occasional headlines to near-daily national news fixtures. Marks and Spencer’s, Co-op, Harrods – along with international names like Dior and Coinbase – have all recently fallen victim to cyber incidents. Retailers in particular have found themselves in the cross hairs, and while not every incident [...]
Starling Bank: The rise and fall of a fintech darling May 30, 2025 Over a decade ago three fintechs entered the banking scene and set their sights on reshaping its landscape. Starling, Monzo and Revolut rapidly expanded as they leveraged modern tech to streamline banking operations, enhance consumer experience and disrupt traditional financial models. The trio of fintech darlings ballooned customer bases in record numbers. But as two [...]
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. [...]
Nvidia smashes forecasts – but China trade drag looms large May 29, 2025 Nvidia once again beat Wall Street’s lofty expectations last night, reporting nearly $44.1bn in revenue in its first quarter – a staggering 69 per cent jump year on year. But despite a positive set of numbers and a surge in data centre sales, there are still warning lights blinking on the AI chip giant’s dashboard. [...]
McKinsey slashes 10 per cent of jobs in major overhaul May 28, 2025 Consulting giant McKinsey has unleashed one of the largest job culls in the company’s history after ten per cent of staff faced the chop. The New York-headquartered firm has reversed major expansion plans, which peaked during the pandemic, as it aims to drive profitability. The consulting firm has reduced its workforce to 40,000 over the [...]
Oxford Street rebounds to pre-pandemic occupancy as firms bet on shops May 27, 2025 Shop vacancies on Oxford Street have fallen below one per cent for the first time since the pandemic as brands compete for best-in-class retail space. Overall shop vacancies on Oxford Street fell to 0.5 per cent in the first quarter of the year, the first time the figure has fallen below one per cent since [...]
The Guardian slashes losses amid record sales following The Observer deal May 27, 2025 The Guardian has slashed its losses and achieved a record revenue in the year the media group sold The Observer. The title achieved a revenue of around £275m, according to unaudited figures for the year to 31 March 2025, up from the £257.8m it posted for its prior financial year. The Guardian’s losses, which it [...]