UK Latest News

UK Latest News

• Digital push at Sun owner News UK lifts revenue, but profits lag
  News UK has reported higher revenues as it continues to shift towards digital publishing, though its latest accounts show profits remain relatively constrained. Turnover for the Murdoch empire rose to £106.9m in the year to June 2025, up from £97.9m, while pre-tax profit increased to £2.8m, from £928,000. The business, which forms part of News […]
• MFS software platform put up for sale after lender’s collapse
  A software platform developed for Market Finance Solutions has been put up for sale by administrators following the lender’s collapse, City AM can reveal. The software, which has been designed to be used in conjunction with Salesforce, was built as an “automated lending platform” including sales, underwriting and ‘KYC’ identity checks for new customers. “The […]
• Jet fuel crisis sparks rush for travel insurance as airlines warn of Summer cancellations
  Interest in travel insurance has spiked over the last month after airline bosses warned of cancelled flights amid shortages of jet fuel due to the ongoing energy crisis. Thousands of flights have been cancelled, and more cuts are planned, as global airlines struggle with surging fuel costs and supply issues caused by the war in […]
• Leon founder: Labour ‘killing’ restaurant industry
  The founder of fast food chain Leon has accused the government of “killing” the restaurant industry by saddling the industry with a crushing tax burden. John Vincent, who founded Leon and recently bought it back, said on Tuesday “everyone knows restaurants are done” because of the government’s treatment of hospitality.  The government has faced intense […]
• Blackstone swoops on Senior in £1.3bn aerospace supply chain play
  Manufacturing giant Senior has agreed to a £1.3bn takeover by a consortium backed by Blackstone and Tinicum, marking the latest London-listed industrial firm to be taken private as overseas buyers target UK assets. The recommended all-cash offer values the FTSE 250 engineer at £1.28bn, with an implied enterprise value of roughly £1.4bn, the companies told […]
• Abramovich foundation trustee has links to Starmer advisor Powell
  A new charitable foundation at the heart of Roman Abramovich’s dispute with the UK government over the £2.35bn in funds from the sale of Chelsea has a named trustee with links to Prime Minister Sir Keir Starmer. Martin Griffiths, a UK diplomat and former coordinator for the United Nations, co-founded a ‘peacemaking’ organisation with Starmer’s […]
• Businesses brace for costs as new workers’ rights kick in
  Businesses across Britain are bracing for a sharp hike in costs and hiring struggles as the government’s new workers’ rights laws begin to take effect this week. The British Retail Consortium (BRC), a leading trade body, said the Employment Rights Act risks adding to an onslaught of rising cost pressures facing firms, including wage hikes […]
• Wireless Festival cancelled after Home Office blocks Kanye West
  Organisers have canned this year’s Wireless Festival after its headline act Kanye West was blocked from travelling to the UK by the Home Office. The rapper was scheduled to play at the popular festival in north London this summer but West, who changed his name to Ye, will be blocked from travelling to the UK […]
• Iceland boss offers job to Waitrose worker who tackled shoplifter
  The boss of Iceland has offered a job to a man who was sacked by Waitrose after he prevented a shoplifter from attempting to steal luxury Easter eggs.  Richard Walker, boss of the budget supermarket chain, posted on LinkedIn telling Walker Smith, the shop assistant sacked by Waitrose: “You’re welcome to a job with us. […]
• As the Big Four cut back on staff BDO is building its own pipeline – from school
  As the accountancy sector faces a “perception problem” among younger talent, advisory giant BDO is moving the goalposts by engaging school-level students. Speaking to City AM, Louise Sayers, audit partner and head of audit, people and culture at BDO, explained that when it comes to attracting new talent, the sector does not have an image problem […]