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Business

  • London Broncos set for takeover led by NRL legend Darren Lockyer

    September 4, 2025

    Brisbane Broncos rugby league legend Darren Lockyer has emerged as the face of a consortium looking to take over Super League hopefuls London Broncos. Seen as one of the best rugby league players of all time, the NRL stalwart is set to lead a takeover of the Championship club in an investment boost for rugby [...]

  • Lloyd’s of London BluePrint Two delayed, again

    September 4, 2025

    The world’s leading insurance and reinsurance market, Lloyd’s of London, has delayed the rollout of its strategy to digitalise the market for the fourth time. Blueprint Two was launched six years ago, labelled an “ambitious strategy” by the market. The programme was pitched as delivering a “profound” change in the market through digitalisation. Lloyd’s, together [...]

  • Lloyds Bank: 3,000 jobs at risk in performance overhaul

    September 4, 2025

    Lloyds Bank is planning a major overhaul of its operations that could put five per cent of workers on the chopping block. The bank is set to review its approach to performance management with the bottom 3,000 of the firm’s 63,000 employees at risk of losing their role. The new plans, as reported by the [...]

  • Butlin’s boss reveals where possible new UK site could be

    September 4, 2025

    The chief executive of Butlin’s has revealed where in the UK the holiday resort chain could open a new site in the future. Jon Hendry Pickup, speaking on a new episode of City PM‘s Boardroom Uncovered show, said expanding beyond the company’s current three locations “would definitely” be something it would be interested in pursuing [...]

  • Investors flee equity funds as valuation concerns grow

    September 4, 2025

    Equity funds experienced their worst month of outflows since August 2022 in August, as investors shifted their cash into bonds. UK investors withdrew a staggering £1.3bn from equity funds, following a withdrawal of £1.13bn in July, according to data from funds group Calastone. Edward Glyn, head of global markets at Calastone said, “This summer, stock [...]

  • How Michele Kang put WSL newcomers London City Lionesses on fast track

    September 4, 2025

    If anyone needed any reminder, one incident this summer illustrated the depth of owner Michele Kang’s dedication to turning London City Lionesses from Women’s Super League anomalies into a European force. It was while the club were in the Netherlands last month for a pre-season training camp, during which they played local side FC Twente [...]

  • Currys kicks off year with strong sales despite high street pressures

    September 4, 2025

    Currys has reported a robust start to its new financial year, with sales growth across the UK, Ireland and Nordics, and a £50m share buyback programme as the electricals retailer looks to reward shareholders. In a trading update for the 17 weeks to 30 August, the FTSE 250 firm said UK & Ireland like-for-like revenue [...]

  • Higher interest rates boost Lloyd’s of London

    September 4, 2025

    Lloyd’s of London, the world’s leading insurance and reinsurance market, has reported a profit before tax of £4.2bn for the first half of 2025. Gross written premiums climbed to £32.5bn, up from £30.6bn reported for the same period last year. Its underwriting result fell to £1.5bn, down from £3.1bn the previous year, as the market’s [...]

  • Chelsea’s transfer window and what net spend says about your club

    September 4, 2025

    “Feel more confident about our transfer business than I have done since the fall of the Roman Empire,” wrote a Chelsea supporter friend of this column. Chelsea are of course a transfer outlier, churning a huge roster of players, deploying ultra-long contracts (and hence amortisation periods) and happy to break even in the market.  How [...]

  • Rachel Reeves told UK economy is ‘stuck in first gear’ 

    September 4, 2025

    Chancellor Rachel Reeves has been warned by top industry bosses that the UK economy remains “stuck in first gear” as the British Chambers of Commerce (BCC) said growth would be slightly higher than expected this year.  The BCC has revised its GDP growth estimate for 2025 up to 1.3 per cent from 1.1 per cent [...]

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