Access Bank chief executive snaps up £15m Hampstead mansion September 30, 2025 The boss of Nigeria’s biggest bank has snapped up a £15m mansion in one of London’s most prestigious postcodes, Morning Wire can reveal. Roosevelt Ogbonna, who has been the chief executive of Lagos-based Access Bank since May 2022, has acquired a luxury pad on The Bishops Avenue in Hampstead. The transaction for the property was [...]
Wolseley City launch sends Wolseley Group subsidiary sales past £10m September 30, 2025 Strong sales at Wolseley City have pushed a subsidiary of the eponymous restaurant group’s sales past £10m for the first time, its latest accounts show. The King William Street-based bar and restaurant, which opened in November 2023, helped turnover at the Wolseley Hospitality Group jump 85 per cent to £10.8m in 2024, alongside the launch [...]
EY hires Treasury director to bolster financial services team September 30, 2025 Big Four giant EY has recruited HM Treasury’s director of financial services to add to its financial services risk practice. As exclusively shared with Morning Wire, John Owen has joined EY as a UK consulting partner after over two decades in government. Owen started off in the Ministry of Justice in 2005, before moving to [...]
Gen Z will ‘need at least £3m’ to retire comfortably September 30, 2025 People in their 20s will need at least £3m pension pot if they want to enjoy a comfortable retirement, a fresh study has shown, throwing into sharp relief the corrosive impact that inflation has on savings. According to an analysis from Rathbones, a 25-year-old today will need a pension pot of £3.1m if they want [...]
Rachel Reeves was overshadowed by her future self September 30, 2025 The Chancellor’s speech yesterday was overshadowed by one she hasn’t yet delivered; that’ll be the Budget, on 26 November. The whole country knows that the November Budget is going to be painful, one way or another, and its inevitable constraints (in fact, just the timing of it) meant that Reeves wasn’t able to say much [...]
‘It’s risky to be in the UK’ – Cleo founder on unicorn status and City regulation September 30, 2025 Nine years ago entrepreneur Matt Clifford took a data scientist to a “terrible pub” to convince him to drop his PhD and create his own start-up. “You may as well just take the risk, the biggest risk is not taking the risk,” Clifford told a young Barney Hussey-Yeo. Almost a decade later in 2025, Hussey-Yeo [...]
Deloitte: Profit up despite revenue slip amid ‘tougher market’ September 30, 2025 Profit at the UK arm of Big Four giant Deloitte rose during its latest financial year despite its revenue falling as it made “changes” to its structure. For the year to 31 May, 2025, Deloitte posted a revenue of £5.68bn, down from the £5.75bn it raked in during the prior 12 months. However, despite the [...]
Retail body warns against tax hikes amid ‘nightmare’ inflation September 30, 2025 Britain’s largest retail business group has warned the Treasury that further tax hikes on businesses will keep shop prices “higher for longer”, after data showed food inflation in September remained at its highest levels since the height of the cost-of-living crisis. British Retail Consortium (BRC) chief executive Helen Dickinson said even if the Chancellor chooses [...]
Starmer warns of ‘long and difficult road’ to build fairer country September 29, 2025 Prime Minister Keir Starmer will tell Labour members that the government faces a “long and difficult” path towards rebuilding the country in a speech set to define his leadership after a troubled year in office. Starmer’s speech on Tuesday afternoon will warn the audience at the Labour Party Conference that decisions will not be “cost-free”, [...]
Europe’s Ryder Cup drama draws 5m UK viewers on Sky Sports September 29, 2025 Europe’s nail-biting Ryder Cup triumph at Bethpage Black pulled in 5m UK viewers across three days of coverage on Sky Sports, the broadcaster said. Average viewing was up 45 per cent on the last Ryder Cup in Rome two years ago, while the audience for Sunday’s final session peaked at 24 per cent higher than [...]