Heathrow closure cost British Airways owner £40m August 1, 2025 The closure of Heathrow airport in March had a “severe impact” on the owner of British Airways and cost the group tens of millions of pounds in lost profit. International Airlines Group (IAG), which also owns the likes of Spanish carrier Vueling and Ireland’s Aer Lingus, said the blaze that brought operations at London’s flagship [...]
Bad habits: Ed Sheeran’s music school in the red before rescue amid huge debts August 1, 2025 The Surrey music school, whose former students include Ed Sheeran and the 1975’s Matty Healy, fell into the red before being taken over, its latest corporate filings show. The Academy of Contemporary Music (ACM) in Guildford has posted a pre-tax loss of £797,474 for its latest financial year – the 12 months to 31 August, [...]
Charlotte Tilbury creates 150 jobs as profits spike August 1, 2025 Makeup, skincare and fragrance brand Charlotte Tilbury created 150 jobs as its profit jumped by more than a quarter during its latest financial year, it has been revealed. The London-headquartered business has posted a pre-tax profit of £18.3m for 2024, up from the £14.4m it achieved in the prior 12 months. New accounts filed with [...]
Red Roses must match footballers to give Lions Women’s tour best chance August 1, 2025 What a fantastic moment for women’s sport in the UK we’re living through right now. The Lionesses securing consecutive European Championships has created huge excitement and momentum – as well as a bit of extra pressure – for the Red Roses as they prepare to begin the campaign to win the Women’s Rugby World Cup [...]
Housing affordability creeps up amid wage growth and rate cuts August 1, 2025 Housing affordability in the UK has slowly been improving amid slower house price growth than wage growth, as well as a fallback in mortgage rates. House prices grew 2.4 per cent in the year to July, according to Nationwide’s latest house price index, while wage growth was five per cent. The price of a typical [...]
Titanic the ‘immersive’ exhibition: What’s next, 9/11 the experience? August 1, 2025 An immersive sinking, photo ops and emergency whistles in the gift shop, London's new Titanic experience may have crossed a line.
Business confidence hits ‘record low’ as Reeves slammed over taxes August 1, 2025 Business directors’ confidence in the UK economy has plunged to an all-time low, with firms unconvinced by Chancellor Rachel Reeves’ growth-focussed policies as the impact of last year’s tax hikes continues to play out. Keir Starmer has repeatedly told MPs business confidence is at a nine-year high, pointing to a single business survey put together [...]
Heathrow tables third runway bid August 1, 2025 Heathrow’s top brass have tabled their proposal to manage the hub’s long-awaited third runway expansion in a bidding process that will pit it against a rival operator for the first time in the airport’s history. Officials from the airport confirmed had submitted “shovel-ready” plans for a privately financed runway ahead of the Department for Transport’s [...]
‘The correct decision’: Reaction as West Ham’s Lucas Paqueta cleared July 31, 2025 West Ham United star Lucas Paqueta has been cleared of spot-fixing after an independent panel found charges of deliberately incurring yellow cards to be not proven, the Football Association has confirmed. It comes two years after the FA announced an investigation into the Brazil international midfielder, a development blamed for derailing Paqueta’s likely £85m transfer [...]
Week in Business: Is it time to leave the country? July 31, 2025 Facing low growth and high taxes, more and more of my friends are having the same conversation, for the same reasons.
