Man United shareholder, Ratcliffe’s Ineos, buys into Castore with Belstaff deal August 28, 2025 Manchester United minority owner Sir Jim Ratcliffe’s Ineos has announced a “significant strategic investment” into premium sports apparel brand Castore. The petrochemicals company will invest in the British clothing brand as part of a deal which will see Castore acquire 100 per cent of Ineos-owned Belstaff on a “debt-free, cash-free” basis. Castore enjoys sporting sponsorship [...]
Manchester United upset a triumph of culture over cash, says Grimsby chief August 28, 2025 Grimsby Town’s co-owner Jason Stockwood says their shock Carabao Cup defeat of Manchester United was a triumph of “great culture” over “buying success”. The League Two side stunned their Premier League opponents in a penalty shoot-out, having earlier taken a two-goal lead before being pegged back to 2-2 after 90 minutes. Grimsby’s squad has an [...]
Torsten Bell: Who is the mastermind behind the 2025 Autumn Budget? August 28, 2025 When parliamentary candidates were revealed ahead of last year’s elections, Torsten Bell was one of the better-known names on Labour’s list. With his glaringly wonkish CV and swaggering way of talking up esoteric economic policies, he seemed primed to one day leave his mark on a Budget. According to the New Statesman, his opportunity to [...]
Reeves warned that ‘punitive’ tax hikes on landlords will choke rental sector August 28, 2025 Property experts have warned that higher taxes on landlords’ rental incomes will have ‘severe’ unintended consequences for the rental sector and the broader housing market. The Chancellor is reportedly examining proposals for applying national insurance (NI) to rental income in the hope of raising £2bn. Officials are drawing up options for tax rises in an [...]
FTSE 100 reshuffle: Metlen to oust Taylor Wimpey August 28, 2025 A number of FTSE 100 constituents are set to find their spot at risk as the index heads towards a reshuffle. Metlen Energy and Metals, which switched its primary listing from Athens to London, is expected to capture a spot on London’s flagship stock exchange in the September reshuffle. The industrial firm has a market [...]
British Retail Consortium appoints its first female chair August 28, 2025 The British Retail Consortium (BRC) has appointed Jo Whitfield as its new chair, the first woman in its history to hold the role. Whitfield will replace outgoing chair Andy Higginson, who has been in the position since September 2023. “I’m honoured to be joining the BRC as its first female Chair, and to be supporting [chief executive] [...]
Aston Villa Women hire former Lewes FC CEO Maggie Murphy August 28, 2025 Aston Villa Women have hired Maggie Murphy, the former chief executive of pioneering Lewes FC, to be their new managing director. Murphy was the driving force behind Lewes’s radical policy of allocating equal financial resources to their men’s and women’s teams. Her appointment follows Aston Villa owner V Sports making the women’s team a separate [...]
Free-to-air broadcaster 5 to show NFL and Super Bowl August 28, 2025 Free-to-air broadcaster 5 has secured the rights to Sunday evening NFL matches, and will show the next Super Bowl. The new multi-year deal continues the long running theme of having elements of the NFL on free-to-air television in the United Kingdom, with the American football league also broadcasting a match on Channel 5 on the [...]
Drax faces FCA probe amid allegations of misleading biomass sourcing August 28, 2025 The City watchdog has launched a probe into British power firm Drax over several issues, including statements regarding its biomass sourcing. The London-listed group informed its shareholders this morning that it was notified on Tuesday that the Financial Conduct Authority (FCA) had commenced an investigation into the group. Drax stated that the probe covers the [...]
Exclusive: Female CFOs generate greater returns for investors August 28, 2025 Female chief financial officers (CFOs) in the UK are routinely outperforming industry benchmarks, according to a new study shared exclusively with City PM. According to finance management platform OneStream’s Glass Chair study, UK companies led by female CFOs have delivered an average total return 1.5 per cent above industry benchmarks. That figure grows to 3.2 [...]
