Budget knocks confidence to two-year low amid ‘deteriorating conditions’ December 15, 2025 Households’ nerves about future finances has jumped to a two-year high, a top survey has indicated, with extra taxes expected to dampen activity in the UK economy. S&P Global researchers have said that Britons were more pessimistic about their financial health over the next twelve months than at any time since December 2023, with confidence [...]
Timberland owner cuts UK jobs as sales slip again December 15, 2025 Almost 100 jobs have been lost at the UK and Ireland arm of the retail giant behind the likes of The North Face, Vans and Timberland as its sales continued to fall during its latest financial year, it has been revealed. The division of VF Corporation, whose brands also include Eastpak, Kipling and Napapijri, cut [...]
Frank Warren’s Queensberry hired to bring punch to Derby Festival December 15, 2025 Promoter Frank Warren’s Queensberry operation is moving from boxing into horse racing after winning a brief to revitalise The Derby Festival from organisers The Jockey Club. A newly created arm of the business, Queensberry Event Management, will bring its expertise to operations on The Hill, the public enclosure in the middle of the iconic Epsom [...]
F1 fans left furious after Viagogo ticket failure December 15, 2025 Dozens of Formula 1 fans who spent enormous sums, including one couple who spent £16,173, have been left furious after Viagogo tickets failed to deliver promised entry to the Abu Dhabi post-race concerts, City PM understands. The concerts – headlined by Benson Boone, Metallica, Post Malone and Katy Perry – were explicitly advertised on the [...]
Kellogg’s UK returns to profit despite £200m sales slump December 15, 2025 The combined UK operations of Kellogg’s returned to profit despite sales slumping by more than £200m during its latest financial year, it has been revealed. Kellogg’s runs two separate companies in the UK from its headquarters in Salford: Kellogg Marketing and Sales Company (UK) and Kellogg Company of Great Britain. For 2024, Kellogg Marketing and [...]
Hikma: FTSE 100 giant’s boss replaced by former chief after share price woes December 15, 2025 The boss of FTSE 100 giant Hikma Pharmaceuticals will be replaced by the firm’s former top chief after the group’s share price dropped by nearly a quarter this year. Riad Mishlawi has exited his role as chief executive at Hikma, with executive chairman Said Darwazah to step into the post with “immediate effect”. It ends [...]
FCA to ‘rebalance’ risk in mortgage market in first time buyer boost December 15, 2025 The UK’s financial watchdog is planning a major overhaul of mortgage market rules in a bid to support more Brits getting on the housing ladder. The Financial Conduct Authority (FCA) said it aims to “rebalance risk” in the market to encourage innovation and allow a greater number of people to get access to finance. “Rebalancing [...]
Crypto firms face clamp down from Treasury and watchdog December 15, 2025 Cryptocurrencies will face regulation like any other financial products under new laws announced by the Treasury. Firms that offer crypto products will fall under the Financial Conduct Authority’s jurisdiction as part of new rules requiring digital assets providers to meet a set of standards from the City watchdog. The Labour government said the new legislation, which comes into [...]
FTSE 100 Live: Budget hits hiring market as economy feels pinch December 15, 2025 Good morning and welcome back to the City PM liveblog. On Friday, the Labour government’s mission for economic growth proved to be not just sluggish but in free fall. The latest figures published by the Office for National Statistics (ONS) dealt another blow to Rachel Reeves as new data showed production output shrank 0.5 per [...]
Christmas attractions face sharp rise in property taxes after Budget December 15, 2025 London’s Winter Wonderland and Hamleys are set to be hit by sharp jumps in their property taxes from next year as UK Christmas attractions come under pressure from next year’s business rates overhaul. Analysis of official figures has shown that a raft of Christmas attractions, markets and destination-led retail will face increases in business rates [...]
