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Tesla: Elon Musk’s EV giant’s sales disappoint with first fall in a decade

January 2, 2025

Elon Musk’s EV giant Tesla disappointed with its earnings report today, with its first fall in annual deliveries for over a decade. The electric car behemoth, which has been in the news in the last 24-hours after a vehicles exploded in the US outside a Donald Trump-owned hotel, delivered 1.70 million electric vehicles (EVs) in [...]

Why you should still go to the pub in Dry January

January 2, 2025

Dry January has crept up on us once again — a month in which avid pub-goers look to kickstart a healthier year ahead. For some, it’s a month to start fresh with new beginnings. For others, such as the hundreds of independent pubs across the nation looking for growth, it is yet another challenge. Especially [...]

Global: Huge losses continue for LBC, Heart and Capital owner

January 2, 2025

Global, the media giant which owns commercial radio stations such as Capital, Heart and LBC, has now lost almost £700m since it last reported a pre-tax profit. The London-headquartered empire, which also includes Smooth, Radio X and Classic FM, fell to a pre-tax loss of £120.3m in the year to 31 March, 2024, newly-filed accounts [...]

Bitcoin price today: steadies at $95k after year-end rout

January 2, 2025

-- Bitcoin steadied on Thursday after falling sharply in the last week of 2024 as traders fretted over the regulatory outlook for crypto under incoming President...

Retailers get festive boost as more people head to shops

January 1, 2025

There was an increase in the number of people who headed to the shops in December amid fears retailers face uncertain times after the festive season, analysts say. The 7.1 per cent increase in footfall in December from November is the greatest month-on-month rise since an 8.7 per cent jump was recorded in the same [...]

Thames Water to avoid state bailout, the FTSE 100 at 7900 and an ITV bid: my predictions for UK plc in 2025

January 1, 2025

Predictions may generally be a mug’s game, but looking back at my forecasts for the business world in 2024, I seem to have fared better than usual. Klarna, the buy now pay later giant, opted for a New York listing; Dame Alison Rose made a comeback in a senior private equity role; Unilever announced that [...]

Starbucks expands Community Stores all over Europe, the Middle East and Africa

January 1, 2025

A term first coined by sociologist Ray Oldenberg, ‘third places’ are a space outside of a person’shome (first place) or work (second place), that is uniquely for socialising and buildingconnections. Humans are social creatures by nature, therefore these places – coffee shops,gyms, pubs etc. – are essential to our wellbeing and sense of community. However, [...]

Profit slashed at Sex Education maker after Netflix series ended

January 1, 2025

Profit at the production company behind hit series Sex Education was slashed in the year the Netflix show came to an end, it has been revealed. Eleven Film, which is headquartered in London, has reported a pre-tax profit of £760,350 for the 12 months to 31 March, 2024. The latest figure comes after the business [...]

Watchfinder continues in the red as sales tick below £100m

January 1, 2025

Watchfinder continued to make a heavy loss during its latest financial year as its sales dipped below the £100m mark. The London-headquartered business, which sells second-hand watches, has reported a pre-tax loss of £12.6m for the 12 months to 31 March 2024. The figure comes after the firm also lost £12m in the prior year. [...]

Wicked London stage show soars to record revenue

January 1, 2025

The West End production of Wicked, prequel to MGM classic The Wizard of Oz, reported its revenue rose 4.5 per cent to a record £27.8m last year. The rise was thanks to hype for the movie based on it, which yesterday became the highest-earning musical adaptation of all time. Mega stars Ariana Grande and Jeff [...]

‘It Ends with Us’ director Justin Baldoni hits New York Times with major lawsuit

January 1, 2025

Justin Baldoni is suing the NYT over its story on his co-star Blake Lively's allegations of sexual harassment on the set of the 'It Ends with Us'

Post Office scandal: Lawyers paid millions as MPs call for transparency on legal costs

January 1, 2025

Lawyers from City firms were making millions whilst the majority of the money set aside for redress scheme has not to be paid out to the Post Office victims

Dairy giant Muller loses over £65m after Milk & More sale

January 1, 2025

The UK and Ireland arm of dairy giant Muller slumped to a huge loss despite its sales rising by more than £100m, it has been revealed. The Shropshire-headquartered division of the German group fell to a pre-tax loss of £65.3m for 2023, delayed accounts show. The loss comes after the business also made a pre-tax [...]

Marcus Rashford’s investment company faces being forcibly shut down

January 1, 2025

The investment company owned by troubled Manchester United star Marcus Rashford is at risk of being forcibly shut down. MUCS Investments Limited, which counts the footballer as its sole director, has been sued with a compulsory strike off notice by Companies House. The action has been taken after the firm failed to file its accounts [...]

British Airways succeeds Jaguar in public spotlight after rewards changes

January 1, 2025

British Airways has become the latest household name to incur the wrath of a high-profile public backlash in the wake of its decision to significantly change its rewards scheme for loyal customers. The airline revealed earlier this week that it was changing its tiering system for rewards to be based on spend and upped how [...]