Week in Business: The billionaires backing Britain May 1, 2025 BlackRock CEO Larry Fink, Virgin supremo Sir Richard Branson, businessman John Caudwell and JP Morgan top dog Jamie Dimon – quite the quartet – have all made some fascinating interventions this week. Let’s start with BlackRock, the world’s largest investor, running more than $11 trillion on behalf of pension funds, private clients and sovereign wealth [...]
Can a Young Driver training course reduce accidents by 80 per cent? April 29, 2025 On the 18th of June 1996, I passed my driving test. On the 19th of June 1996, I wrote off my Mini City E by parking it in the back of a BMW. For a 17-year-old who aspired to be a motoring journalist, it wasn’t the most auspicious start. To prevent my son from suffering [...]
Bank of England ‘killing’ UK stablecoin ambitions, body warns April 29, 2025 The Bank of England risks “killing” London’s potential to become a global hub for stablecoins with its “prescriptive” rules, an industry body has warned, as it called for the rapid creation of a regulatory regime to support use of the digital assets. London’s dominance of the foreign exchange market, in which it accounts for as [...]
Lidl eyes Mayfair and Chelsea stores amid £500m expansion April 28, 2025 You could soon shop at a Lidl store in the swanky London districts of Mayfair and Chelsea as the low-cost supermarket plans dozens more store openings as part of a £500m expansion plan. The German-owned business, which controls 7.8 per cent of the UK grocery market according to latest Kantar figures, has published a list [...]
Deliveroo to crack down on badly-behaved riders with policy hire April 24, 2025 Deliveroo is ramping up its efforts to crack down on badly-behaved drivers with a new senior hire. The London-based food delivery app has posted a job ad for a “rider policy manager” who will be tasked with creating policies “to address breaches of contract by riders which have a detrimental impact on the customer experience.” [...]
London juice bar chain Crussh enters liquidation April 23, 2025 One of London’s best-known juice bar chains has entered liquidation, City PM can reveal, after the healthy drinks business faltered under squeezed consumer spending and a surge in costs and tax hikes. Wimbledon-based Crussh, which operated stores in Kensington, Soho and the Square Mile, has this week appointed Mayfair-based business recovery firm Voscap to act [...]
Jorginho-backed investing app Gather Being re-emerges from administration April 22, 2025 An investing app backed by Arsenal star Jorginho has been re-launched after being put in administration, City PM can reveal. Gather Being, which was founded as Gather in 2019, was launched in the summer 2023 after the Italian midfielder acquired a 10 per cent stake. But within months the startup was issued a winding-up petition [...]
Businesses on the brink: Company closures surge amid fears over UK economy April 22, 2025 Businesses across Britain are being shut down at a rate not seen since the financial crash, City PM has found, in a major warning sign for the health of the UK economy. More than 1,100 companies have faced winding-up orders in the first fifteen weeks of 2025, according to an analysis of published insolvency notices [...]
All Italian football postponed following death of Pope Francis April 21, 2025 Italian football chiefs have postponed all games due to be played today, including four in Serie A, following the death of Pope Francis. The fixtures affected include key games in the race for Champions League qualification involving Juventus, who were due to face Parma, and Lazio, who were to meet Genoa. Pope Francis died aged [...]
A game of chlorinated chicken: What is the price of a US-UK trade deal? April 17, 2025 An economic deal between the UK and the US could be just weeks away. The Trump administration has made sweeping promises of a “90 deals in 90 days” package of bespoke arrangements. While deals with India, Japan and South Korea are expected to be done first, the UK is understood to be not far behind [...]
