Thames Water’s cash crunch intensifies as bailout rumours swirl August 15, 2025 Thames Water faces a race against time to avoid collapse even after securing a short-term cash injection. The UK’s largest water company is set to run out of money as soon as September 2026 should it fail to secure a financial lifeline in the form of a recapitalisation deal. The utility company said the second [...]
Brexit doesn’t matter, EU sin taxes will fuel mayhem here too August 15, 2025 Even with Brexit, higher tobacco taxes across the Channel means mayhem on UK streets, writes David Campbell Bannerman.
Sky announces largest-ever Premier League sponsorship deal August 15, 2025 Sky has this morning claimed the “largest-ever Premier League sponsorship deal” ahead of the season returning this evening. The Sky Sports coverage of the Premier League – which will this season see the broadcaster show 215 games, potentially rising to 225 – will be sponsored by a record six brands, with Guinness, Uber Eats, Coca-Cola [...]
Exclusive: Two thirds of fantasy football fans to use AI for FPL August 14, 2025 As the Premier League returns, City PM can reveal that AI use is on the rise in fantasy football games. Fantasy Premier League and other virtual games will see millions of fans look for competitive advantages over their peers throughout the season. And new research by Virgin Media O2, shared exclusively with City PM, reveals [...]
Diageo: Debra Crew gets golden goodbye after being ousted as CEO August 14, 2025 The former chief executive of FTSE 100 giant Diageo is set to receive a bumper pay day after being ousted last month, it has been revealed. Debra Crew quit with immediate effect in July and was succeeded on an interim basis by the embattled drinks group’s finance boss Nik Jhangiani. Diageo, whose brands include Johnnie [...]
Agreement in place for sale of Morecambe FC after weeks of chaos August 14, 2025 An agreement in principle has been struck which will see the ownership of Morecambe FC change after weeks of uncertainty. Bond Group Investments Ltd – headed up by former Worcester Warriors rugby owner Jason Whittingham – confirmed it had reached an agreement with Panjab Warriors, who were previously interested in buying the club, to sell [...]
Peter Kyle defends UK free speech record after US report attacks Online Safety Act August 14, 2025 Tech secretary Peter Kyle has pushed back against a damning US government report accusing the UK of backsliding on human rights and curbing freedom of expression under Labour. The annual State Department dossier, published on Tuesday, warned that Britain’s human rights record had “worsened during the year” amid “serious restrictions on freedom of expression”, and [...]
Once bitten, twice inflated: The Bank of England’s rate cut conundrum August 14, 2025 After the MPC’s historic second vote on interest rates, is the Bank of England torn between fears of recession and inflation, asks Helen Thomas Seventeen years ago this month, the Bank of England produced its quarterly Inflation Reportas usual. In the 56 pages, the Bank’s forecasters laid out carefully crafted charts andanalysis of how growth [...]
Here are five British tech startups to look out for August 14, 2025 A new cohort of Future Fifty tech firms is demonstrating exponential growth and attracting significant investment, reinforcing London’s position as a hub for dynamic scale-ups in this space. These companies are making headlines across diverse sectors, from AI to environmental technology. The talent is emerging from UK universities, but the challenge for these firms is [...]
Klarna’s losses worsen as provisions jump ahead of IPO August 14, 2025 Buy now, pay later giant Klarna reported a surge in losses for the second quarter as provisions for possible bad loans climbed higher. The Swedish fintech unicorn posted a 64 per cent jump in provisions to $174m (£128m), up from $106m for the same period in 2024. This helped offset revenue growth of 20 per [...]
