Branson-backed Virgin Active slashes losses amid WFH battle October 7, 2025 Virgin Active, the gym chain founded by Sir Richard Branson, has significantly slashed its losses as its battle with the work-from-home trend continues. The business, which runs 224 international locations, has reported a pre-ax loss of £78.1m for 2024, down significantly from the £146.7m it lost in 2023. New accounts filed with Companies House also [...]
VistaJet: Billionaire’s private jet firm makes UK loss October 7, 2025 The UK arm of private jet charter company VistaJet has fallen into the red despite its revenue climbing closer to the £100m mark. For 2024, the division has reported a pre-tax loss of £5.7m, having made a pre-tax profit of £9.2m in the prior 12 months. New accounts filed with Companies House also show VistaJet’s [...]
House prices fall amid pre-Budget jitters October 7, 2025 House prices fell last month, a leading price index has suggested, a warning that house buyers and sellers are nervy ahead of a potential tax raid on property. Halifax’s house price index suggested house prices dropped by 0.3 per cent on the month, putting the average property cost at £298,184. The annual rate of growth [...]
Lime bikes: UK sales spike as expansion continues October 7, 2025 Turnover at the UK arm of shared bikes provider Lime has spiked as its expansion across London continues, it has been revealed. Lime Technology has reported a turnover of £111.3m for 2024, according to new accounts filed with Companies House. The total is up significantly from the £63.5m it achieved in 2023. However, the latest [...]
LEVC: London electric taxi company loses £180m October 7, 2025 LEVC, the London electric taxi company, lost almost £180m during its latest financial year as its sales were slashed. The Coventry-headquartered electric taxi maker, which is also known as London EV Company, has reported a pre-tax loss of £179.4m, according to new accounts filed with Companies House. The business, which is owned by Chinese automotive [...]
B&M shares tumble as boss vows to ‘correct operational weakness’ October 7, 2025 Shares in B&M have tumbled after the discount retailer reported sliding profits. The groups chief executive vowed to “correct the operational weaknesses” as the firm warned it expects to report pre-tax earnings of £198m in the six months to end September, a drop of 28 per cent on last year, while UK revenues were up [...]
Sir Jim Ratcliffe’s Ineos issues ‘urgent warning’ amid job cuts October 7, 2025 Sir Jim Ratcliffe’s Ineos is to cut 20 per cent of the workforce at its Acetyls plant at Hull, it has been confirmed. In total, 60 jobs are set to be lost in what the group said was a “direct result of sky-high energy costs and anti-competitive trade practices”. Confirming the news, Ineos blamed “dirt-cheap [...]
FTSE 100 Live: House prices fall; Shell eyes earnings boost; B&M takes hit October 7, 2025 Good morning from the City PM liveblog team. Last week, PM Keir Starmer appeared to leave Labour conference on a high — seeing off threats to his leadership and resetting relations with members. But back in London, things are not quite as rosy. As we report today, UK dealmakers’ faith in the economy has slumped [...]
Exclusive: Welsh Fire co-owner wants Hundred to be T20 within two years October 7, 2025 The Indian-American co-owner of The Hundred franchise Welsh Fire, Sanjay Govil, wants the competition to drop its unique format and become a T20 league within two years. The 100-ball format has come under pressure following the sale of stakes in all eight Hundred franchises to overseas investors, some of whom are keen to bring the [...]
Brits fear Rachel Reeves’ next Budget will make them worse off October 7, 2025 A majority of Britons believe Rachel Reeves’ next Budget will make them worse off while three in four have lost faith in the government’s growth mission, fresh polling reveals. The Labour government has made growing the UK economy its central mission in government in a bid to claw back support across the electorate. But the [...]
