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Business
Brighton Eye i360 Tower Faces Administration as Debt Burden Soars to £51 Million Pounds
The iconic Brighton i360 observation tower is teetering on the brink of closure as its operating company prepares to enter administration, weighed down by a staggering £51 million debt to the local council.
Brighton i360 Ltd, which…
Retail Industry Faces Price Hikes as Budget Measures Bite
British retailers are bracing for inevitable price increases following the Chancellor's recent budget announcement, with the sector facing a staggering £7 billion in additional costs next year. The British Retail Consortium (BRC) has issued…
Labour Budget Sends Shockwaves Through British Business Community as SMEs Face Tough Decisions
British businesses are grappling with the harsh reality of Labour's recent budget announcement, as company owners across various sectors reveal the significant impact of Rachel Reeves's tax measures on their operations.
The hospitality…
Labour Chancellor Pledges No New Business Tax Rises After £40bn Budget Impact
Rachel Reeves, the Chancellor of the Exchequer, faced a challenging reception at the Confederation of British Industry (CBI) conference as she defended her recent £40bn tax increase whilst promising no further business tax rises. Speaking…
Working From Home Trend Fuels Suburban Coffee Chain Expansion Plans
Esquires Coffee, the suburban-focused chain, has unveiled ambitious plans to double its UK presence to 150 shops within three years, capitalising on the persistent work-from-home culture that has transformed British working habits.
Chief…
British Economy Stalls as Business Leaders React Negatively to Labour Budget
Fresh economic data reveals the UK economy has ground to a halt amidst growing concerns over tax increases announced in Rachel Reeves's recent budget. The private sector witnessed activity plummet to its lowest point in 13 months during…
Adani Group Shares Plummet as US Bribery Charges Spark $20 Billion Market Rout
More than £20 billion in market value vanished from Gautam Adani's corporate empire after US corruption charges rattled one of India's wealthiest businessmen, causing shares across his vast business portfolio to tumble dramatically.
The…
Indian Billionaire Gautam Adani Faces US Charges Over $250 Million Dollar Bribery Claims
Indian business magnate Gautam Adani has been indicted by US prosecutors over an alleged massive bribery scheme involving solar power contracts, marking a significant blow to one of Asia's most prominent business figures.
The 62-year-old…
Budget Changes Set to Drive Surge in Business Insolvencies Says Begbies Traynor Chief
The recent budget announcement could prove to be the breaking point for many struggling UK businesses, according to Ric Traynor, executive chairman of leading corporate restructuring firm Begbies Traynor.
The chancellor's decision to…
Private Equity Groups Expand Their Grip on US Professional Services Firms with Two Major…
In a significant shift within the professional services sector, two prominent US accounting firms have been acquired by private equity investors, marking a continuation of the industry's consolidation trend.
Bahrain-headquartered…
Huel Reports Record Breaking Profits as Meal Replacement Pioneer Expands Beyond Tech Bros
British meal replacement company Huel has witnessed an extraordinary surge in profits, with pre-tax earnings nearly tripling to £13.8 million in the year ending July 31. The remarkable 194% increase stems from the company's strategic…
Private Equity Giants Circle One Billion Pound Sale of TV Ratings Giant Kantar Media
Several leading private equity firms have launched bids for Kantar Media, the television ratings powerhouse, in a deal potentially worth £1 billion. The sale could trigger a larger transaction involving its parent company, Kantar Group.…
LaplandUK Reveals Northern Expansion Plans as Profits Soar to Record Levels
A successful British festive entertainment venture, LaplandUK, has unveiled plans to establish a second site in Cheshire by Christmas 2025, marking its first significant expansion since its inception in 2007.
The family-owned enterprise,…
Asda Market Share Plummets as Morrisons Snatches Key Executive
In a significant blow to the UK's retail landscape, Asda's market position has deteriorated further as recent data reveals a concerning decline in its grocery market share. The supermarket chain, operating under private equity ownership,…
Telegraph Media Group Faces Third Auction as New York Bidder Struggles to Secure Funding
The Telegraph newspaper group is bracing for a potential third auction as the leading New York-based bidder grapples with funding challenges. Industry sources reveal that bid teams are actively discussing renewed attempts to acquire The…
UK Supreme Court Rules Against Sky in Landmark Trademark Case Forcing Brands to Reconsider IP…
British media giant Sky faces a significant setback as the UK Supreme Court rules the company acted in "bad faith" by registering overly broad trademarks, setting a precedent that could reshape how major brands approach intellectual…
Two in Five British Hair Salons Face Closure After Budget National Insurance Rise
The British hairdressing industry faces a severe crisis as approximately 40% of hair salons are at risk of closure following the devastating increased employment costs announced in last month's budget. The alarming situation stems from the…
National Insurance Hike Threatens UK Employment Recovery and Business Growth
The recent £26 billion increase in national insurance contributions announced by Chancellor Rachel Reeves has cast a shadow over the UK's nascent employment recovery, with industry experts warning of potential job losses and cancelled…