Next share price slumps on gloomy prediction for UK economy September 18, 2025 Next shares sunk on Thursday morning after the retailer issued a stark warning that the UK faces ‘anaemic’ growth due to a combination of technological and regulatory changes. Despite reporting a 10 per cent rise in half-year sales, the FTSE100 company flagged “strong evidence” of a material squeeze on wider UK employment levels due to [...]
Will Shu quits as Deliveroo CEO after denying he planned to leave September 18, 2025 The CEO of Deliveroo, Will Shu, has announced his decision to step down from the company he co-founded in 2013, just months after the company denied he had any plans to leave. In February, after growing speculation Shu was preparing to exit the tech business later in the year, Deliveroo issued a statement in which [...]
Greg Jackson spins off Kraken from Octopus Energy September 18, 2025 Greg Jackson’s Octopus Energy has announced the spin-off of its technology arm Kraken to become a standalone business. The group said the move is aimed at “speeding up the platform’s expansion across the globe” and allowing Kraken to “fast-track investments into its technology, expand into new energy markets and regions, and drive innovation”. Kraken has [...]
Aon’s tech startup approach is redefining life insurance September 18, 2025 When Michelle Lister joined Aon to startup a life consulting practice, she didn’t expect to find a high-performing GPU based life actuarial software ready to use for her projects. But that’s exactly what happened. “The draw was the excitement of having this startup of a business within a global corporate,” says Lister, now UK/EMEA head [...]
Bolt: Uber rival’s profit almost wiped out as legal battles drag on September 18, 2025 Profit at the UK arm of Uber rival Bolt was almost wiped out during its latest financial year as it diverted considerable resources to its on-going legal battles. The online taxi firm has reported a pre-tax profit of £133,355 for 2024, down from the £8.2m it achieved in 2023. The business had previously made a [...]
Mounjaro sales help almost double Ely Lilly’s UK turnover September 18, 2025 The sale of weight loss drug Mounjaro has boosted the UK turnover of pharmaceuticals giant Eli Lilly by 90 per cent during its latest financial year, it has been revealed. The division of the US group has posted a turnover of £889m for 2024, according to new accounts filed with Companies House. The new total [...]
TNT Sports in discussions for rugby union Nations Cup September 18, 2025 TNT Sports are in discussions to broadcast the inaugural Nations Cup as the firm looks to grow its rugby union offering. The organisation, formerly BT Sport, currently shows the English top flight Gallagher Prem, which begins next week, as part of a broadcast deal that runs through until 2031. And having dropped the Investec Champions [...]
The “Living Bridge”: Cultivating a new golden era in UK-India relations September 18, 2025 The India Business Group (IBG), an independent strategic advisory company, was established in 2014 by Amarjit Singh to foster the special relationship between India and the UK. The founder and CEO of the India Business Group is a commercial solicitor by background and set up the organisation after observing a palpable interest from UK small [...]
Ben Proud’s Enhanced Games switch puts pressure IOC to use its $5bn September 18, 2025 Rather than wondering why Ben Proud would sign up for the Enhanced Games, it is better to ask why he wouldn’t. The British swimmer’s commitment to the competition with an “anything goes” attitude to performance-enhancing drugs is a wake-up call for the Olympic movement. Money, as ever, lies at the heart of the matter. Proud [...]
The only way to make HS2 cheaper? Build HS3 September 18, 2025 It’s a basic fact of economics that the more efficiently you make something, the easier it is to bring down the price. Among the best-known examples is the Ford Model T, one of the top-selling cars in the 20th century with more than 15 million produced. The manufacturing process became so efficient, and each car’s [...]
