TNT Sports to show England’s 2025-26 Ashes series in Australia August 5, 2025 TNT Sports will show the men’s Ashes series this winter after striking a one-year deal with Cricket Australia. England head Down Under looking to end Australia’s grip on the urn, which they have held since 2018. It follows a thrilling contest with India, which culminated in a six-run fifth-Test win and 2-2 series draw at [...]
Swissport creates 900 UK jobs as profit almost quadruples August 5, 2025 Swissport created 900 UK jobs as its profit almost quadrupled during its latest financial year, it has been revealed. The Cheshire-headquartered UK arm of the aviation services giant has posted a pre-tax profit of £39.8m for 2024, up from the £10.5m it achieved in the prior 12 months. That previous figure was the first time [...]
Cut interest rates to four per cent, City PM Shadow MPC says August 5, 2025 Top economists have voted 8-1 for interest rates to be slashed by 25 basis points in City PM’s new Shadow Monetary Policy Committee (MPC). Amid high inflation and falling job numbers, the Bank of England is set to face a difficult finely balanced decision on Thursday on whether to cut interest rates from the current [...]
Domino’s: Higher employment costs and slowing sales dampen profitability August 5, 2025 New store openings at Domino’s have been lower than expected as it franchisees struggle with lower profitability in a tough market. Just 11 stores have been opened in the year to date, with new openings in the full year expect to be in the mid twenties as franchisees becomes “cautious… given increased employment costs,” Domino’s [...]
FCA boss rejects criticism of motor finance redress August 5, 2025 The head of the UK’s financial watchdog has pushed back at industry claims that the wide scope of the motor finance redress scheme is “impractical”. Nikhil Rathi, chief executive of the Financial Conduct Authority said: “We know it is difficult. But you can’t say the law has been broken and it is too difficult to [...]
Diageo: Profit at FTSE 100 giant tumbles despite Guinness growth August 5, 2025 Profit at FTSE 100 giant Diageo has fallen far short of expectations as high costs hammer the drinks giant. Net sales fell 0.1 per cent to $20.24bn (£15.24bn), Diageo told markets this morning, below analysts’ expectations of 1.4 per cent. It expects next year’s organic sales growth to be flat, and for organic operating profit [...]
Spectris bidding war intensifies as KKR submits fresh offer August 5, 2025 The private equity bidding war for precision instrument business Spectris has stepped up a gear after New York-based KKR stepped in with a fresh offer that values the business at £4.8bn. The offer of 4,175p per Spectris share outflanks a fresh offer made by Boston-based Advent of 4,100p per share on Friday, and represents a [...]
BP shares jump after oil major ups dividend and launches buyback August 5, 2025 BP shares jumped on Tuesday despite the firm recording a hit to profit and revenue in the first half of 2025 as weaker oil prices and lower trading performance weighed on takings. The London-listed oil major posted total revenue of $95.6bn (£72bn), down from 2.7 per cent from the same previous last year, while profit [...]
Gianni Infantino, Jay Shah and the rise of sport’s super-execs August 5, 2025 Infantino at Fifa and Shah at the ICC are styling themselves as super-execs like Musk and Zuckerberg but it won’t end well, warns Matt Readman. In sport, the best referees go unnoticed. They quietly manage the game, letting play flow and leaving the athletes to shine. Occasionally they must enforce the law, but they are [...]
Y-Combinator-backed agritech Supplant put up for sale after plunging into administration August 5, 2025 An agritech firm backed by the likes of Y-Combinator has been put up for sale after being plunged into administration, City PM can reveal. Cambridge-based Supplant, which had raised more than £25m in funding since launch, is now searching for a rescue buyer and will accept offers over just £2.5m, according to an insolvency marketplace [...]
