UK farmers hit by drought turn to insurance July 21, 2025 As the UK has experienced a relatively hot Summer so far, it is the farmers who are in crisis mode fearing the effects of drought
Reeves warned pensions tax raid could cost UK in the long run July 21, 2025 City platform Hargreaves Lansdown has warned Rachel Reeves that “tinkering” with the pension tax relief could cost the UK in the long run and undermine the government’s fresh attempts to get workers to save more into retirement. The return of the Pensions Commission, which will report its findings on the adequacy of retirement savings in [...]
Sir Richard Branson-backed Gridserve cuts jobs as it loses over £80m July 21, 2025 Gridserve, the electric vehicle (EV) charging network whose investors include a fund backed by Sir Richard Branson, cut jobs as it lost more than £80m in 2024, it has been revealed. The Swindon-headquartered business has reported a pre-tax loss of £82.7m for its latest financial year, according to new accounts filed with Companies House. Gridserve [...]
London Waterloo: Disruption after major signalling failure July 21, 2025 A major signalling failure at London Waterloo has caused severe disruption, with trains unable to use 14 platforms at the station, according to a rail company. South Western Railway (SWR) asked customers not to travel on its services on Monday morning in a statement posted on social media. Passengers have been told that they will [...]
BP appoints former CRH boss as chair July 21, 2025 BP has appointed a successor for chair Helge Lund, who announced plans to step down in April amid growing shareholder pressure. Albert Manifold, the former chief executive of building materials group CRH, will take over as chair of the oil major in October after a one-month stint as chair-elect. Manifold led CRH for ten years [...]
Roadchef: M25 and M1 delays force motorway services to a loss July 21, 2025 Significant disruption on the M25 and M1 forced motorway service station chain Roadchef into the red in 2024, it has been revealed. The Staffordshire-headquartered group, which operates a 30-strong network of motorway service stations, has posted a pre-tax loss of £5.9m for its latest financial year. The total comes after the business achieved a pre-tax [...]
Brit Awards in the red ahead of Manchester move July 21, 2025 The company behind the Brit Awards has fallen into the red ahead of moving the annual event out of London for the first time in its history. Brit Awards Limited has reported a pre-tax loss of £12,653 for 2024, new accounts filed with Companies House have confirmed. The loss comes after the business made a [...]
Ryanair profit more than doubles as fares jump July 21, 2025 Quarterly profit at Ryanair has more than doubled after the Irish airline benefitted from higher air fares and a later Easter. Profit after tax rose 128 per cent to €820m (£710m) over the three months ended June, alongside a 21 per cent increase in ticket prices. Revenue rose by a fifth to €4.34bn as the [...]
Labour revives Pensions Commission amid fears workers are saving too little July 21, 2025 Ministers are to resurrect the Pensions Commission amid fears that today’s workers face a greater risk of poverty in retirement than their parents. Experts have warned that people looking to retire in 2050 are on course to receive £800 per year less than current pensioners. The Department for Work and Pensions (DWP) said 45 per [...]
Wealth tax would be a ‘dangerous road to go down’, BNP investment chief warns July 21, 2025 The chief investment officer at BNP Paribas Wealth Management has become the latest senior banker to warn over plans to introduce a wealth tax in the UK, describing the move a “dangerous road to go down.” In an interview with City PM, Edmund Shing said the move was likely to discourage entrepreneurs from starting a [...]
