John Vincent, co-founder of healthy fast food brand Leon, is in advanced talks to buy the chain back from Asda for as little as £30 million — a sharp discount on the £100 million paid by the Issa brothers in 2021.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Business and charity leaders urge ministers to back England’s transition to four-day week
More than 100 business and charity leaders have signed an open letter calling on ministers to “lead the country’s transition toward a shorter working week”, amid a growing row over the future of the four-day week in local government.
Number of pensioners caught in 60% tax trap doubles
The number of pensioners paying a punishing 60 per cent income tax rate has more than doubled in just three years, as frozen tax thresholds drag tens of thousands more older savers into higher tax bands.
Paul Raymond’s granddaughters receive £23m as Soho Estates profits surge
Fawn and India Rose James, the granddaughters of late property and publishing magnate Paul Raymond, have received £23 million in dividends from the family’s billion-pound Soho property empire following another record year of rental income.
Labour considers scrapping North Sea windfall tax in dash for growth
Chancellor Rachel Reeves is weighing plans to scrap the windfall tax on North Sea oil and gas producers in a bid to boost investment and revive economic growth.
All vboard: Virgin Group cleared to launch cross-Channel rail rival
Virgin Group has been given the regulatory go-ahead to move forward with plans to operate a new international train service through the Channel Tunnel, paving the way for the first serious competition on the route in three decades.
Organised crime gangs dumping millions of tonnes of waste in British countryside
House of Lords inquiry warns large-scale fly-tipping costs the UK £1bn a year
SpudBros blasted for ‘bullying’ small UK business in name dispute
Viral TikTok potato sellers face backlash after Portsmouth trader says he was threatened with legal action over similar name
‘Ridiculous’ to blame OBR for Budget mess, says Hunt
Former chancellor accuses Reeves of ‘shrinking the economy’ with record tax rises as productivity downgrade deepens Budget crisis
Aston Martin losses surge 800% as Trump tariffs and China slowdown hit luxury carmaker
British marque blames US trade war, weak Chinese demand and cyber disruption across auto industry for sharp quarterly slump
Mahmood admits Home Office ‘not fit for purpose’ amid crises and staff exodus
The new home secretary Shabana Mahmood has admitted that the Home Office is “not yet fit for purpose” and has repeatedly failed to rise to the scale of multiple crises — from illegal migration to asylum accommodation and internal leadership churn.
ChatGPT firm hits $500bn valuation in landmark profit shake-up
OpenAI takes on new investor-friendly structure as Microsoft deepens AI partnership
BT weighs move into low-cost mobile market as Revolut and Monzo eye launches
BT is exploring plans to launch a low-cost mobile brand to compete with fintech entrants such as Revolut and Monzo, as virtual operators gain market share in the UK’s telecoms sector.
Global stock markets surge to record highs as Apple hits $4 trillion valuation
Apple becomes the world’s first $4 trillion company as the FTSE 100 and Wall Street indices hit record highs amid investor optimism and expectations of a Federal Reserve rate cut.
UK secures £8bn Typhoon fighter jet deal with Turkey in major export breakthrough
The UK has signed an £8bn deal to supply Turkey with 20 Typhoon fighter jets — the largest UK defence export in nearly two decades, safeguarding thousands of jobs and strengthening NATO ties.
