Young Londoners are spearheading the return to office work in Britain, while older workers’ preference for home working is contributing to the UK’s lag behind international competitors, according to a new survey by Centre for Cities, a think tank. The survey, which examined work habits in London, Paris, New York, Sydney, Singapore, and Toronto, found […]
Australian property heavyweight REA Group, backed by Rupert Murdoch’s News Corp, is considering a £4.4 billion bid for Rightmove, the UK’s leading online property portal. REA Group, which is listed on the Australian Stock Exchange, operates prominent real estate platforms such as realestate.com.au in Australia, and extends its reach into markets across Asia, India, and […]
Billionaire entrepreneur and Shark Tank star Mark Cuban recently sparked a debate on X (formerly Twitter) by asking his followers whether they would prefer Donald Trump or Kamala Harris as a role model for their children. Despite Cuban’s longstanding criticism of Trump, the results of the informal poll were unexpected, with the former president emerging […]
Victoria Beckham has injected millions into her fashion and beauty empire following a £3m loss in the 2024 financial year, according to recently filed accounts. The former Spice Girl, along with her husband David Beckham and private equity firm Neo Investment Partners, provided a £6.9m cash injection to bolster her businesses. Of this sum, £3m […]
Eton College has announced it will increase fees by 20% from January 2025, passing the full cost of the newly introduced VAT on private school fees directly to parents. This change will see annual fees rise from £52,749 to over £63,000, affecting most families except those on full bursaries. The decision follows the government’s move […]
The RAC has called for the scrapping of the 5p fuel duty cut, claiming motorists are not benefiting as intended. Introduced in 2022 to ease the cost of living crisis, the cut costs the Treasury £2 billion annually but has failed to translate into savings at the pumps for drivers. The motoring group accused fuel […]
Sir Rocco Forte is set to develop five new luxury hotels in Europe after Saudi Arabia’s Public Investment Fund (PIF) acquired a 49% stake in Rocco Forte Hotels, valuing the company at £1.4 billion. The investment has boosted the hotel group’s expansion ambitions but has also impacted the broader Forte group’s profitability. Financial statements for […]
Prime Minister Sir Keir Starmer is negotiating a new treaty with Germany to secure priority access for British businesses, marking a strategic attempt to mend the UK’s fractured relationship with the EU post-Brexit. Describing it as a “once-in-a-generation opportunity,” Starmer emphasised the need to “turn a corner” on Brexit and foster closer economic and security […]
Klarna, the buy now, pay later (BNPL) fintech leader, has cut over 1,000 jobs as part of a strategic shift towards artificial intelligence, with further reductions expected before a potential stock market float. The Swedish fintech, which recorded losses of SwKr2.33 billion (£173 million) in bad loans in the first half of 2024, attributed the […]
HM Revenue & Customs (HMRC) is actively investigating 791 of the UK’s largest companies for suspected tax underpayments, a figure that represents nearly 40% of the country’s biggest businesses. According to a study by Thomson Reuters, these investigations span across critical sectors such as banking, telecommunications, pharmaceuticals, retail, and oil and gas, underscoring HMRC’s increasing […]