Heathrow ‘open and fully operational’ after disruption caused by power outage March 22, 2025 Heathrow Airport said it is “open and fully operational” on Saturday after the airport was shut over a loss of power caused by a substation fire. Flights resumed at the west London airport on Friday evening and restrictions on overnight flights were temporarily lifted following hours of closure, after a blaze knocked out an electricity [...]
Is Sadiq Khan finally getting something right on London’s nightlife? March 20, 2025 It has taken eight years – and the appointment of one disastrous night czar – but Sadiq Khan is finally listening to industry when it comes to the future of London’s after hours leisure economy, writes James Ford As a former aide to the previous Mayor of London, it is very rare that I find [...]
Trump’s attack on Big Law puts London lawyers into an awkward place March 20, 2025 US President Donald Trump has set his sights on a new target for his attacks: American lawyers and law firms. But this problem has shifted across the Atlantic
Jeremy Hunt: OBR ‘overly exaggerated’ Brexit impact March 19, 2025 Former Chancellor Jeremy Hunt has criticised the Office of Budget Responsibility (OBR) for making “overly exaggerated” claims about Brexit’s impact on the economy. The OBR released a series of gloomy predictions in recent years claiming that Brexit had stifled growth and wrecked trade. But Hunt has claimed that leaving the European Union has in fact [...]
Office: Shoe retailer doubles profit to over £100m March 18, 2025 Profit at the group behind shoe retailer Office more than doubled to over £100m as it continued to open new stores and created hundreds of jobs. The business, which also includes the Offspring brand, has posted a pre-tax profit of £102.4m for the 12 months to 30 June, 2024. The future comes after the group [...]
Sabre Insurance hikes dividend as turnaround gathers speed March 18, 2025 Sabre Insurance has reported a 105.9 per cent surge in pre-tax profit for 2024, driven by record-high premium income and strict underwriting discipline. The UK motor insurer, which has struggled to keep up with the market in recent years, reported gross written premium growth of per cent year-on-year to £236.4m. IFRS profit before tax jumped [...]
What was the Office of the Regulator of Community Interest Companies? March 17, 2025 The Office of the Regulator of Community Interest Companies is the latest (and perhaps the most obscure) victim piled upon the government’s bonfire of quangos. First there was the Payment Systems Regulator, which was rolled into the Financial Conduct Authority (FCA). Then, Sir Keir Starmer announced his most radical health reform yet by shuttering NHS [...]
Trump’s U-turn on Tesla betrays a paranoid President March 17, 2025 Trump's Tesla U-turn is not the product of an economically literate president, it is the product of a paranoid one, writes Eliot Wilson.
UK’s biggest class action lawsuit could expose the perils of litigation funding March 14, 2025 This week lawyers are delivering their closing arguments in the UK’s biggest ever class action lawsuit relating to a dam disaster in Brazil. The victims deserve justice, but the predatory business model of their funders does not inspire confidence, says Mark Hollingsworth Litigation is risky, expensive and stressful. Just ask the 555 beleaguered subpostmasters whose [...]
Founder of whisky investment firm Hackstons tied to notorious ‘Wolf of Wall Street’ wine scam March 13, 2025 A high-flying salesman who made millions during his time at a business that was subsequently exposed as a notorious wine scam is now running a West End whisky investment firm having changed his name, City AM can reveal. Alphie Valentine, 41, is the co-founder and director of Hackstons, whose flagship store opened in Knightsbridge in [...]