Profit slashed at Mike Ashley-backed Hugo Boss September 10, 2025 Profit at the UK arm of Hugo Boss, which counts Mike Ashley’s Frasers Group as a major shareholder, has been slashed for a second consecutive year. The London-headquartered division of the German group has posted a pre-tax profit of £9m for 2024, down from the £16.8m it achieved in 2023 and £30.4m in 2022. New [...]
FCA plans to allow contactless payment limits above £100 September 10, 2025 Card providers are set to be given the powers to set their own limits on contactless payments, which are currently set at £100, under proposals set out by the City regulator. The Financial Conduct Authority (FCA) has revealed that it will consult industry on whether the rules should be relaxed as part of its task [...]
Klarna’s IPO success could lure fintechs away from London September 10, 2025 By Oscar McDonald Swedish buy-now-pay-later giant Klarna has teed up its second attempt at an IPO, with the eyes of the fintech world set on its New York debut. The company’s valuation has been on a rollercoaster ride over the past three years, peaking at £33.6bn in July 2021 before plummeting to £4.95bn a year [...]
Joe Root piles pressure on cricket chiefs over Hundred format September 10, 2025 Joe Root has piled pressure on the England and Wales Cricket Board and the new Hundred owners to keep the competition’s format. While ECB bigwig Richard Thompson said the competition would remain 100 balls per innings, fewer than the 120 seen in Twenty20 competitions, the new franchise investors have been mulling a change to the [...]
David Beckham’s former esports team owes millions after closure September 10, 2025 Creditors of an esports company initially backed by David Beckham are set to be left out of pocket to the tune of more than £2m after the firm went out of business. Guild Esports, which owns a multi-story gaming venue in Shoreditch, officially entered voluntary liquidation earlier this month after first being put up for [...]
Princess Yachts back in profit but Rachel Reeves’ Budget forces job cuts September 10, 2025 A luxury yacht builder has surged back into profit and its sales jumped by more than £100m as hundreds of jobs were cut because of Chancellor Rachel Reeves’ Budget. Plymouth-based Princess Yachts has reported a revenue of £378m for 2024, up from the £276.3m it achieved in 2023, according to new accounts filed with Companies [...]
CBI boss calls for Rachel Reeves to break Labour’s tax pledge September 10, 2025 The boss of the Confederation of British Industry (CBI) has suggested the chancellor should tear up Labour’s manifesto pledge not to raise taxes on working people, as businesses brace themselves ahead of the Autumn Budget. Rachel Reeves is widely expected to introduce a fresh package of tax hikes in her 26 November Budget, in order [...]
NBA Europe set for step forwards as league chiefs near green light September 10, 2025 Today in a New York hotel, the NBA’s executive and representatives of all 30 teams’ ownership will hold the third of their three scheduled annual meetings. On the agenda will be various matters of concern to the world’s biggest basketball league, but the most intriguing item is its plans for the sport in Europe. Subject [...]
No 10 establishes ‘budget board’ to mend fractured business relations September 10, 2025 Sir Keir Starmer has created a “budget board” of ministers and officials in a bid to mend broken relations with businesses and the City – and tighten his grip on economic policy. The group will meet weekly to co-ordinate ‘pro growth policies’ ahead of the looming Autumn Budget on 26 November. It is also expected [...]
Premier League still facing legal threat to financial rules despite Man City deal September 10, 2025 The Premier League is still facing another legal challenge to its financial regulations despite settling a long-running dispute with Manchester City over associated party transactions this week. Legal action remains pending from the Professional Footballers’ Association over the Premier League’s plans to introduce new squad cost ratio (SCR) rules next season, which would limit clubs [...]
