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Virgin wines looks to Gen-Z wine-lovers for growth after suffering loss
Online retailer Virgin Wines turned a loss but remains confident a surge of Gen-Z drinkers who no longer view wine as “elitist” will push the firm into the black. The wine seller made a £400k pre-tax loss in the first half of the year, down from a £1.3m profit last year, but saw revenue grow […]
Bank of England ‘should wait’ before cutting interest rates, City AM Shadow MPC says
The Bank of England should “wait and see” how long the war in Iran goes on for before cutting interest rates again, leading economists on City AM’s Shadow Monetary Policy Committee have said. The crisis in the Middle East has pushed up energy prices and heightened fears that the UK economy is heading for a […]
Starling on hunt for new chair as Deloitte veteran bows out
UK fintech Starling is on the hunt for a new chair following the news the firm’s current head would exit later this year. Starling said on Tuesday that David Sproul, the bank’s chair since October 2021, would step down once a successor is appointed. Sproul joined Starling after a near two-decade long career at Big […]
Oaknorth delays net zero goal as US expansion fuels lending boom
UK fintech Oaknorth has slapped a ten year delay on its ambition to be a net zero bank as the firm’s expansion across the Atlantic picked up pace. The small business lender said it expects to meet net zero commitments by 2045, as opposed to previous guidance of 2035 set four years ago. Oaknorth said […]
Lidl owner Schwarz Group scores landmark Uefa partnership
Uefa, European football’s governing body, has announced its first organisation-wide sponsorship deal with the parent company of discount retailer Lidl. Schwarz Group has become Uefa’s corporate strategic partner in an agreement that encompasses competition sponsorship, grassroots initiatives and recycling efforts. Lidl, already a partner of Uefa’s Europa League and Conference League as well as women’s […]
2026 World Cup: Iran asks Fifa to move games from US to Mexico
Iran has asked Fifa to move its 2026 World Cup games from the US to Mexico as the wrangling over the war-torn country’s participation continues. The Iranian embassy in Mexico posted a statement on social media saying that talks were ongoing over the possible solution after President Trump suggested that it may not be safe […]
Is AI the future of work?
Technology leaders say artificial intelligence (AI) is the future of work, but the reality for business leaders is more complicated. The world of work is clearly moving in this direction, as the government recently announced plans to offer free training to British adults on how to effectively use AI in their work. But researchers have […]
Shadow bank collapse floods London with hundreds of luxury properties
London’s super prime property market is set to be flooded with hundreds of luxury homes following the collapse of one of Britain’s biggest shadow banks. Mansions in Kensington, Belgravia, Knightsbridge and Mayfair are being put on sale by administrators for Market Financial Solutions (MFS), all of which were controlled by individuals with links to the […]
Trustpilot shares rocket as profit soars past forecasts
Shares in Trustpilot rocketed on Tuesday morning as the FTSE 250 firm posted profit that surged past market forecasts. The customer feedback platform delivered a near-tripling of pre-tax profit to £14.1m for 2025, which it put down to investment into AI. “We have seen a dramatic rise in the visibility of Trustpilot in AI models, […]
Close Brothers to axe fifth of jobs after motor finance ‘wipeout’ warning
Close Brothers has warned it will cull as much as a fifth of its headcount as the bank continued its aggressive cost-cutting strategy following mounting losses linked to the motor finance scandal. The FTSE 250 bank said it would axe a staggering 600 full-time roles by the end of the 2027 financial, which represents around […]

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