Business

The cost of running the UK’s gambling regulator has doubled in the past year as it prepares for a high-stakes legal showdown over the awarding of the National Lottery licence. Newly filed accounts show that the Gambling Commission’s costs linked to the National Lottery soared to £28.8m in the year to March, up from £14.4m the year before. The surge …

Manchester United’s sweeping job cuts have cost more than £36 million in compensation, but helped slash losses and deliver record revenues, casting doubt on Sir Jim Ratcliffe’s claim that the club was on the brink of financial collapse. The restructuring, which saw around 400 jobs axed and included pay-offs for sacked manager Erik ten Hag and sporting director Dan Ashworth, …

As social media continues to weave itself into the fabric of daily life, the algorithms that drive engagement have come under fire for their potential to foster addictive behaviours. With research linking these algorithms to increased anxiety and feelings of inadequacy, the question arises: should we regulate their use? The Liberal Democrats are now calling for cigarette-style warnings on social …

Unemployment in Britain is on course to climb to its highest level in five years as businesses brace for another round of tax rises under Chancellor Rachel Reeves, according to new forecasts. KPMG said the jobless rate is expected to reach 4.9% in 2026, up from the current 4.7% and well above the 4.1% recorded in August last year, as …

Sky is preparing to slash hundreds of jobs in the UK as the broadcaster continues to grapple with the shift away from satellite television towards streaming. The company has launched a consultation affecting 900 roles, with around 600 expected to go. The move marks the third major round of cuts at the business in less than two years, as it …

President Donald Trump has claimed that Rupert Murdoch and his son Lachlan are expected to join a U.S. consortium seeking to acquire TikTok’s American operations from its Chinese owner, ByteDance. Speaking during a Fox News interview, Trump said the Murdochs would join Oracle founder Larry Ellison and Dell Technologies founder Michael Dell in the group. He suggested that the Murdochs’ …

Karachi: Lucky Investments Limited (“Lucky Investments”) has crossed PKR 100 Billion (USD 350 Million) in Assets Under Management (AUMs) in under six months of launch of its first fund in April 2025.  This remarkable achievement makes Lucky Investments the only AMC in Pakistan’s history that has achieved this landmark feat. Since inception, the company has received overwhelming response from both …

Vodafone was warned by its franchisees four years ago that commission cuts were having a “massive impact” on their mental health, long before dozens of small business owners launched a £120 million High Court case against the company. In a 2020 survey conducted weeks after Vodafone reduced fees paid to franchisees for selling its products and services, participants reported suffering …

Yaso, a UK ecommerce firm that helps British beauty brands sell in China, has raised more than £8 million to expand into new consumer sectors including supplements, fashion and food. Founded in 2022 by Jonny Plein, James Campbell and Adam Knight, Yaso provides a software-based platform that integrates brands into leading Chinese social media and ecommerce channels such as Douyin, …

Fenyx Bridging, a newly established specialist property lender, has secured a £10 million block facility from Shawbrook to support its launch and growth strategy in the UK bridging finance sector. The funding line will enable the lender to back professional property investors and developers across England and Wales with short-term finance solutions for residential and mixed-use transactions. Led by a …