Aston Martin appear to be plotting a record-breaking deal worth an estimated £1 billion to lure Max Verstappen away from Red Bull, signalling an extraordinary shift in Formula One’s financial landscape. Multiple industry insiders suggest Jefferson Slack, Aston Martin’s Managing Director (Commercial and Marketing), has been hinting to prospective sponsors that the four-time world champion […]
Dyson has shelved plans for a £100 million technical and research centre in Bristol, opting instead to consolidate its southwest operations at its flagship Malmesbury campus in Wiltshire. The move will see the relocation of 180 staff – previously earmarked for Bristol’s 1 Georges Square – to the company’s main site, which also houses the […]
Asos has announced a £200 million one-off impairment charge after deciding to mothball its major US warehouse near Atlanta, Georgia, in a move designed to cut costs and boost profitability. Later this year, the online fashion retailer’s American customers will be served from its automated UK distribution centre in Barnsley and a smaller, more flexible […]
Mitchells & Butlers (M&B), the FTSE 250 pub and restaurant operator behind chains including All Bar One, Harvester and Toby Carvery, has reported strong like-for-like sales growth over Christmas, offset by weaker performance in early 2025 due to adverse weather. The company enjoyed a 10.4 per cent year-on-year boost in key festive trading weeks, covering […]
Britain’s busiest railway route, the west coast main line, is set for a once-in-a-generation upgrade that will bring significant disruptions for up to ten years. Network Rail plans to replace more than 150 miles of ageing overhead wires—originally installed in the 1970s—along with extensive signal and track renewals. Industry insiders warn the resulting closures will […]
Hiring outside London has dropped significantly after Chancellor Rachel Reeves unveiled her first Budget, leaving regional businesses scrambling to contain costs. The recruitment firm Robert Walters reported a 45pc fall in fee income from operations outside the capital during the final quarter of 2024, while London-based income rose by 3pc. The company attributed the decline […]
Retailers in London’s West End have warned that new business rates reforms could spell store closures and job losses, with the flagship shopping district facing a collective rise of £44.5 million in property bills next year. The New West End Company, which represents 600 retail, hospitality and leisure businesses in the area, highlighted a potential […]
Senior bankers at Lloyds Banking Group risk having their bonuses reduced if they fail to meet new in-office requirements, which mandate being on site at least two days per week. The move, revealed ahead of the 2024 financial year bonus distribution next month, comes as major employers roll back remote working arrangements in a bid […]
Prime Minister Sir Keir Starmer has publicly reaffirmed his commitment to keeping Chancellor Rachel Reeves in her post until the end of the current parliament, despite new polling showing Nigel Farage’s Reform UK almost neck and neck with Labour and pushing the Conservatives into third place. Reeves, who cut short a trip to China to […]
In a setback for Prime Minister Sir Keir Starmer, one of Britain’s biggest supermarkets has publicly thrown its support behind farmers opposed to the Government’s planned inheritance tax (IHT) reforms. Sophie Throup, head of agriculture at Morrisons, posted a video message on X (formerly Twitter) declaring the retailer’s solidarity with farming communities, who are preparing […]