Typhoo Tea racked up debts of £100m as it collapsed into administration January 6, 2025 Typhoo Tea collapsed into administration owing around £100m to its creditors ahead of being rescued, it has been revealed. The Bristol-based company entered administration in November 2024 before being bought in a £10m deal the following month. Now, a new document filed with Companies House by Kroll has revealed how much Typhoo Tea owed to [...]
Billionaire Bet365 boss Denise Coates slashes pay as betting giant makes huge profit January 6, 2025 The billionaire boss of Bet365, Denise Coates, has seen her salary slashed by almost £130m as the betting giant surged back into the black with a profit of almost £600m. Coates, whose father founded the Stoke-on-Trent company, was paid £94.6m in the year to 31 March 2024, according to newly-filed accounts with Companies House. The [...]
Waterstones plans dozens more UK stores as it mulls possible London or US IPO January 6, 2025 Waterstones boss James Daunt has said he plans to open dozens more bookshops this year in the UK, along with considering a potential flotation in London or New York. He told the Financial Times it would be “logical” to look at an initial public offering of a consolidated combination of Waterstones and Barnes & Noble [...]
TGL explained: All you need to know about Woods and McIlroy’s new golf league January 6, 2025 A year later than planned, golf will get a glimpse of its possible future when the first match of TGL, the brand new, made-for-TV team golf competition from Tiger Woods and Rory McIlroy’s TMRW Sports, swings into virtual action on Tuesday. The contest between New York Golf Club, featuring Rickie Fowler, Matt Fitzpatrick and Xander [...]
Baillie Gifford ‘appalled’ by US activist investor Saba Capital’s conduct January 6, 2025 Baillie Gifford has hit back against an activist campaign by US hedge fund Saba Capital targeting three of its investment trusts, calling the hedge fund’s actions “a backdoor attempt to seize control”. “We are appalled by Saba’s actions and conduct,” said Karen Brade, chair of one of Baillie Gifford’s trusts targeted by the attack. Last [...]
2025 Predictions for Apple, Microsoft, Tesla, and other tech leaders January 6, 2025 The Magnificent Seven group of leading tech companies: Apple, Nvidia, Microsoft, Amazon, Alphabet, Meta and Tesla, gained a combined 63 per cent in 2024, building on 2023’s strong performance. Deutsche Bank revealed the group generated more profit in 2024 than most national stock markets. However, JP Morgan has projected their contribution to S&P 500 earnings [...]
Healthcare: Could the private sector help Keir Starmer cut NHS waiting lists? January 6, 2025 Plans for a “new agreement” to more closely link the NHS and the private healthcare sector have been unveiled today in a bid to slash waiting lists for patients. The National Health Service (NHS) and the independent sector have struck a new deal which ministers say will improve patient choice as part of plans to [...]
Westfield slashes loss ahead of huge funding boost January 6, 2025 The company behind the Westfield shopping centres in London has recorded its lowest pre-tax loss since 2019 despite its turnover being slashed by over 30 per cent. Westfield Europe, which includes sites in Stratford and Croydon, has reported a pre-tax loss of £25.2m for 2023, according to accounts filed late with Companies House. The latest [...]
Yeo Valley doubles profit after natural yoghurt demand surges January 6, 2025 Profit at Yeo Valley has almost doubled after sales at the dairy giant jumped by £40m during its latest financial year. The Somerset-headquartered business has reported a pre-tax profit of £8.1m for the year to 26 May, 2024, according to newly-filed accounts with Companies House. The latest figure comes after Yeo Valley returned to the [...]
Lucky Saint founder: Don’t let ‘Dry January’ dull Britain’s pub culture January 6, 2025 It is no secret that pub culture has long-been deeply ingrained into the social structure of Britain. That said, you’d be forgiven for assuming your latest Dry January drinking hiatus might result in a hiatus from socialising at your favourite local pub. Alcohol-free beer brand Lucky Saint, however, has launched a new nationwide campaign to [...]