Recruitment Firm's Third Phoenix Rise Avoids Millions in Tax
A Hampshire-based recruitment business has emerged from insolvency for a third time in four years, highlighting phoenixism practices that cost taxpayers an estimated £800 million annually.
Category : Corporate
Meghan and Netflix Split Amid Jam Brand Growth Concerns
The Duchess of Sussex's partnership with Netflix has concluded, with reports indicating she wanted to focus on her As ever lifestyle brand independently after her show underperformed.
Ian Arnot: Business Leader and Philanthropist
Ian Arnot, a pioneering business leader known for his innovative strategies and charitable work, has passed away. His legacy spans decades of corporate success and community impact.
BP CEO Meg O'Neill's £11.7m Pay Doubles Predecessor's Salary
Meg O'Neill, BP's incoming CEO, will earn at least £11.7m this year, more than double her predecessor's pay, as she joins from Woodside Energy to lead the 117-year-old oil firm.
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Britney Spears Arrested for DUI, Instagram Account Deactivated
Britney Spears was arrested for suspected DUI after erratic driving in California, with her Instagram account deactivated as she faces court proceedings and ongoing investigation.
Sidley Austin Doubles City Finance Team in 18 Months
Sidley Austin has doubled its City finance team in just 18 months, hiring 10 new partners to strengthen its London operations and compete in the competitive legal market.
Royal London Assets Hit Record £199bn in 2025
Royal London reports record assets under management of £199bn, driven by acquisition, market gains, and strong pension inflows. Operating profit rises 18% to £327m.
Deutsche Bank Dealmaker McBride Exits in UK Departure
Deutsche Bank's dealmaker McBride has departed, marking another high-profile exit from the UK financial sector amid ongoing market challenges and restructuring efforts.
Goldman Sachs Pays £6,300/Hour for Sunak's Advice
Goldman Sachs has reportedly paid former Chancellor Rishi Sunak £6,300 per hour for advisory services, sparking debate over political influence and corporate ethics in London's financial sector.
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BNP Paribas Targets UK Corporate Broking Top 10 with Growth
French banking giant BNP Paribas is launching a major expansion of its corporate broking division in the UK, aiming to break into the top 10 rankings. The move signals aggressive growth plans in London's competitive financial sector.
Evercore Promotions and Citadel Executive Poach Reshape Finance
Evercore announces key promotions in its investment banking division, while Citadel Securities poaches a senior executive, signaling strategic moves in the competitive financial sector.
Inheritance Tax Still Threatens UK Family Businesses
New research reveals most UK family businesses face significant inheritance tax impacts despite government concessions, with industry leaders warning of forced sales and economic damage.
Greensill Fights 12-Year Director Ban in High Court
Lex Greensill's legal team argues the government's disqualification case is unfair and should be dismissed, claiming there cannot be a fair trial over misconduct allegations.
Goldman Sachs UK Wealth Head Joins Deutsche Bank
Goldman Sachs' UK wealth management head, James Proudman, has left the firm to join Deutsche Bank, marking a significant shift in London's financial talent landscape.
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Ioan Gruffudd Wins Restraining Order Case Against Ex-Wife
Actor Ioan Gruffudd has successfully renewed a restraining order against ex-wife Alice Evans after a bitter court battle involving allegations of online harassment and child abuse.
GSK CEO Emma Walmsley's Pay Rose 50% to £15.6m in Final Year
Emma Walmsley's remuneration at GSK surged nearly 50% to £15.6m in her last year as chief executive, driven by share bonuses amid strong company performance.
Paramount-Warner Bros Merger Faces Regulatory Hurdles
The $110 billion Paramount-Warner Bros Discovery merger faces significant regulatory scrutiny from US state attorneys general and international authorities, despite CEO David Ellison's confidence in approval.
Entain Losses Deepen to £681m After Budget Tax Charge
Entain reports a £681m annual loss after a £488m impairment from UK gambling tax increases, despite 3% revenue growth and strong US performance.
Primark Appoints Eoin Tonge as Permanent Chief Executive
Fast fashion giant Primark has confirmed Eoin Tonge as its permanent CEO, while appointing Filip Ekvall as chief commercial officer to strengthen its market position.
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Evercore Promotes 15 to Senior Managing Director
Evercore, the global investment banking advisory firm, has promoted 15 professionals to senior managing director positions across its offices in London, New York, and other key financial hubs.
Elon Musk Testifies in Twitter Stock Manipulation Trial
Elon Musk testified in a civil trial where Twitter investors allege he manipulated stock prices before buying the company in 2022, with potential billions at stake.
Foreign Buyers Circle 'Undervalued' UK Firms as M&A Surges
Inward mergers and acquisitions involving UK companies reached £27.4bn in Q4 2025, the highest level since 2021, as foreign buyers capitalize on perceived undervaluation.
Union Seeks Control of Tesla German Works Council
A major union is attempting to take control of the works council at Tesla's German factory, escalating tensions over labor rights and worker representation at the electric vehicle plant.
BrewDog Founder Faces Backlash Over Equity Punks Loss
James Watt apologizes to 200,000 crowdfunding investors left empty-handed after BrewDog's £33m sale to Tilray, sparking criticism over private equity deals and job losses.
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Wood Group fined £13m for inaccurate financial results
Aberdeen-based Wood Group has been fined £12.9m by the Financial Conduct Authority for repeatedly publishing inaccurate financial results, influenced by a desire to maintain previous statements.
HSBC Swiss Private Banking Boss Joins Barclays
HSBC's head of Swiss private banking, Yves-Alain Sommerhalder, is leaving to join Barclays as its new global head of private banking, marking a significant leadership shift in the financial sector.
Wood Group fined £13m by FCA for inaccurate reporting
Engineering giant John Wood Group faces a £13m fine from the Financial Conduct Authority after publishing inaccurate financial results, as it prepares to exit the London Stock Exchange.
Asda Boss: Government 'More Difficult' for Business
Asda chair Allan Leighton claims the government has become increasingly difficult for businesses, contrasting current Labour policies with the more business-friendly approach of the Tony Blair era.
Brewdog Founder 'Heartbroken' Over Sale, 500 Jobs Lost
Brewdog co-founder James Watt expressed devastation as the craft beer firm was sold to US cannabis company Tilray for £33m, resulting in nearly 500 job losses and leaving thousands of 'punk equity' investors empty-handed.
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Iceland Supermarket Drops Trademark Dispute with Iceland Country
After losing three legal battles, UK supermarket chain Iceland abandons trademark fight against Iceland country, offering discount vouchers to Icelandic shoppers instead.
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