Rachel Reeves vs the Hydra (the black hole that keeps on growing) October 8, 2025 Super-heroine Rachel Reeves is in battle with a mythical beast that keeps multiplying, and the OBR won't help her, writes Paul Ormerod.
Porsche: UK revenue in £300m reverse as car sales slashed October 8, 2025 Revenue at the UK division of Porsche was cut by more than £300m in 2024 as it sold 4,000 fewer luxury cars. New accounts filed with Companies House have revealed the UK arm’s revenue fell from £1.92bn to £1.62bn during its latest financial year. Over the same period, its pre-tax profit also declined from £44.6m [...]
Ronaldo becomes first $1bn footballer after new Al-Nassr deal October 8, 2025 Cristiano Ronaldo has become the first billionaire footballer after his reported $400m Al-Nassr contract extension earlier this year. The 40-year-old Portuguese – who has enjoyed spells at the likes of Sporting Lisbon, Manchester United, Real Madrid and Juventus – is currently plying his trade in the Saudi Pro League with top-of-the-table Al-Nassr. And his bumper [...]
London is back in business – listing revival shows the City’s spark is back October 8, 2025 London is back in business. We are witnessing confidence return to the City and optimism return to our capital markets as London is fast regaining its spark. The facts speak for themselves – in just the last few weeks, we’ve seen a wave of new listings that show optimism is returning to the London Stock [...]
The Dorchester owner returns to the black October 8, 2025 The owner of five-star London hotel The Dorchester has returned to the black despite its revenue falling in 2024. New accounts filed with Companies House show the Dorchester Group posted a pre-tax profit of £3.1m for its latest financial year. The total is up from the pre-tax loss of £5.2m that it fell to in [...]
Snapchat UK loses over £500m despite revenue spike October 8, 2025 The UK arm of Snapchat lost more than $757m during its latest financial year despite its revenue spiking to over $2bn, it has been revealed. For 2024, Snap Group has reported a pre-tax loss of $757.7m (£565.8m), new accounts filed with Companies House show. The latest total is down from the pre-tax loss of $1bn [...]
Five Guys: Losses widen amid European expansion October 8, 2025 Losses widened at the European arm of Five Guys despite its revenue rising during its latest financial year, it has been revealed. The London-headquartered division has posted a pre-tax loss of £36.7m for 2024, new accounts filed with Companies House show. The latest total comes after Five Guys also reported a pre-tax loss of £16.7m [...]
Rare reprieve for Reeves as ONS says data error cuts borrowing by £3bn October 8, 2025 Chancellor Rachel Reeves has been handed a rare reprieve ahead of the Budget after a data error reported by the UK’s statistics authority reduced expected public borrowing by £3bn. A mistake in the counting of value added tax receipts by tax collector HMRC was identified in an update by the Office for National Statistics (ONS). [...]
Former CPS top lawyer: China spy case ‘does not add up’ October 8, 2025 Public prosecutors have said a Chinese spy case involving Christopher Cash and Christopher Berry was dropped due the lack of evidence provided by the Labour government on labelling the country a threat. The Director of Public Prosecutions Stephen Parkinson said the Crown Prosecution Service (CPS) tried to take evidence from the government “over many months” [...]
Greencore: Strawberry sandwich maker’s shares rise amid M&S cyber fallout October 8, 2025 Shares in Greencore, one of the UK’s major convenience food manufacturers, have risen six per cent following Wednesday’s trading update which highlighted another strong quarter and a robust full-year performance. The FTSE 250-listed group, which supplies sandwiches, rolls and wraps – and notably, the viral Japanese sando-inspired strawberry and cream sandwich – to Marks & [...]
