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Business

  • Exclusive: SailGP to target teams in India and South Korea

    December 17, 2025

    SailGP will target teams in India and the Middle East and races in Hong Kong and Italy as the Formula 1 of sailing breaks the $200m revenue mark. Record attendances, including 20,000 at the UK leg, have driven record revenues in SailGP’s fifth season, with founder tech tycoon Larry Ellison able to scale back funding [...]

  • Treasury mocked for £100k financial services ‘leadership’ role

    December 17, 2025

    The Treasury is searching for a Director for Financial Services to take on an “exciting and challenging leadership role” within the heart of the British economy, for a £100k salary.  According to the job posting, the successful candidate would be tasked with “advising the Chancellor and Economic Secretary on financial services policy, taking account of [...]

  • Jeremy Clarkson rakes in millions from Hawkstone brewery

    December 17, 2025

    Profit at Jeremy Clarkson’s brewery Hawkstone has surged during its latest financial year after its sales almost tripled, it has been revealed. New accounts for the business behind the Cotswolds brewery show the firm’s total equity jumped from £432,512 to just over £3m in the year to 31 March, 2025. Total equity is the overall [...]

  • Starmer threatens Abramovich with court over £2.5bn Chelsea proceeds

    December 17, 2025

    Prime Minister Keir Starmer has vowed to take Roman Abramovich to court unless he hands over the £2.5bn proceeds from his sale of Chelsea FC to humanitarian causes in Ukraine. The huge windfall has been frozen in a UK bank account since May 2022, when the sanctioned Russian oligarch sold Chelsea to a US consortium [...]

  • London house prices slump following Budget chaos 

    December 17, 2025

    London house prices have fallen by more than two per cent year on year, as Budget chaos took its toll on a volatile housing market. The average house price in London for October was £547,000, down 2.4 per cent from the previous year, according to the Office for National Statistics (ONS). Property experts said this [...]

  • Rugby league woes as Oldham RLFC faces winding-up by HMRC

    December 17, 2025

    Oldham RLFC, a club in rugby league’s Championship, was hit with formal legal action by the British tax authority this week, Morning Wire can reveal. In the High Court system, HMRC filed a winding-up petition against Oldham Rugby League Football Club 1876 (Oldham RLFC) on Tuesday. A winding-up petition is a formal notice by a [...]

  • Monzo shareholders plotting chair coup after top boss was ousted

    December 17, 2025

    A group of Monzo shareholders are plotting a coup to oust the chair of the fintech following the shock exit of chief executive TS Anil. The investors, which include venture capital firms Accel and Iconiq, have strapped up with lawyers as they lobby to reinstate Anil, who is set to be replaced by ex-Google executive [...]

  • Murray-backed Hexagon Cup to become global padel series in deal with LIV Golf creator 54

    December 17, 2025

    The Hexagon Cup, the team-based padel competition backed by stars including Andy Murray and Rafael Nadal, is to expand into a global circuit, the Hexagon World Series. It will see multiple events take place around the world each year under the governance of the International Padel Federation, and aligned with the elite Premier Padel circuit [...]

  • Stella McCartney: Losses widen as sales hit 15-year low

    December 17, 2025

    Losses widened at Stella McCartney’s fashion brand in the year the designer bought LVMH out of its stake as its sales fell to their lowest level since 2009, it has been revealed. New accounts filed with Companies House show that the firm’s pre-tax loss went from £25m in 2023 to £33.5m in 2024. Stella McCartney [...]

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