World Darts Championship extends title sponsor deal with Paddy Power December 1, 2025 Paddy Power’s title sponsorship of the World Darts Championship will near a decade after the bookie extended its deal with the showpiece event by another five years. The Flutter-owned firm took over from Cazoo in December 2023 and will be the title sponsor until at least 2031 after penning a half-decade extension with the Professional [...]
Argos loses more than £200m as over 2,000 jobs cut December 1, 2025 Argos lost more than £200m during its latest financial year as over it cut over 2,000 jobs. The retailer, which is owned by FTSE 100 supermarket giant Sainsbury’s, has reported a pre-tax loss of £223.2m for the 12 months to 1 March, 2025. The loss comes after Argos posted a pre-tax profit of £37.3m in [...]
Lord Lee: My own plan for fixing financial literacy December 1, 2025 Virtually everyone agrees that there is and has been a near total failure to teach young people about the world of finance, investment, mortgages, etc. in schools. Politicians of all persuasion have failed lamentably in this area. It is truly appalling that many young people are now more likely to speculate in cryptocurrencies than invest [...]
Steven Bartlett hiring journalists for new tech news site December 1, 2025 Dragons’ Den entrepreneur Steven Bartlett has set up his own journalism website focused on technology news, Morning Wire can reveal. The website, Founded.com, is to report on technology companies based in the UK and US and is expected to officially launch in the middle of December. A total of 10 journalists, as well as an [...]
Former City minister Tulip Siddiq sentenced to two years over corruption charges December 1, 2025 Labour’s Tulip Siddiq has been found guilty by a Bangladesh court of influencing ousted Prime Minister Sheikh Hasina her aunt, to obtain plots of land on the outskirts of Dhaka. When Labour won power in July, Siddiq was appointed economic secretary to the Treasury and City minister. However, less than five months into her ministerial [...]
Revolut in new spat with regulators over Storonsky’s residency December 1, 2025 Revolut has been caught in a fresh row with UK watchdogs following the chief executive of the fintech juggernaut shifting his residency to the United Arab Emirates. Nik Storonsky, the boss of the London-headquartered digital bank, sparked waves of conversation after Companies House filings in October revealed the fintech chief had ditch his main residency [...]
Virgin Media slapped with £24m Ofcom fine December 1, 2025 Ofcom has dished out its biggest fine of the year after accusing telecoms giant Virgin Media of failing to protect vulnerable customers. The media regulator has hit Virgin Media with a £23.8m fine over its treatment of customers during a planned transition from analogue to digital landlines. Virgin Media notified Ofcom over incidents connected with [...]
Blockbuster FTSE merger abandoned after shareholder fury December 1, 2025 A plan to merge two FTSE-listed funds to form the UK’s largest infrastructure investment firm has been abandoned after shareholders expressed frustration with the terms of the deal. HICL Infrastructure said it will no longer be proceeding with its planned merger with The Renewables Infrastructure Group (TRIG) after its board “determined that it cannot progress [...]
Class actions surge in UK, but public sees lawyers as main winners December 1, 2025 Public awareness of class actions in the UK has reached the highest level since 2020, with the majority of the public believing they make money for law firms and litigation funders. A new report by Portland, shared exclusively with Morning Wire, found that public awareness of class actions in the UK has reached 27 per [...]
Business confidence drops to post-pandemic lows after Budget December 1, 2025 Business confidence in bosses’ own organisations fell to the lowest level in over five-and-a-half years after the Budget, a leading survey has suggested, as the absence of growth policies in Rachel Reeves’ statement dampened leaders’ moods. The Institute of Directors’ monthly survey indicated bosses were fearing for the worst after last Wednesday’s much-anticipated event, with [...]