Formula 1’s commercial arm saw profits fall by five per cent last year, but still managed to be over £250m to the good. Formula One World Championship Limited, which holds …
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OECD: Taxes and tariffs to damage UK economy
Higher taxes and the sting from US tariffs are set to restrain UK growth, according to forecasters at the Organisation of Economic Co-operation and Development (OECD), with inflation soaring above …
UK economy stalls with 50,000 job losses ahead of Autumn Budget
The UK economy was hit by a “litany of worrying news” in the three months to September with thousands of jobs lost ahead of Rachel Reeves’ second Autumn Budget. The …
JLR extends cyber attack shutdown to October
Jaguar Land Rover (JLR) has extended its production shutdown until at least 1 October, after the cyber attack that crippled its IT systems left the UK’s biggest automaker unable to …
Elizabeth Line operator doubles profit before contract loss
Profit at the first company to operate the Elizabeth Line in London more than doubled in the year before it lost the contract, it has been revealed. The division of …
Fabergé lost millions before takeover deal
Fabergé, the jeweller famous for its imperial Russian Easter eggs, fell into the red in the year before being sold to a technology investor for $50m (£37m) last month. The …
Why Guenther Steiner bought a MotoGP team after F1 exit
Richard Coleman and Guenther Steiner appear to cut very different characters. Both former four-wheel racing bigwigs, Coleman was mainly in touring cars while Steiner’s cameo as Haas F1’s founding team …
Crypto isn’t dying. Here’s what the next five years will hold
What will crypto look like in the next five years? Very different to the playground of the last five, writes Paul Armstrong Crypto is no longer the unruly frontier it …
Don’t rule out another rate cut this year
Many are assuming the Bank of England will hold rates for the rest of the year. But scratch the surface and there is a case for another move before year-end, …
Zilo lands £20m funding round as it eyes global expansion
Zilo has secured £20m in fresh funding as the London fintech gears up for the next phase in its expansion, City AM can reveal. The Canary Wharf-based business, founded in …