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OnlyFans pays record £520m to Ukrainian-born owner as $8bn sale looms

OnlyFans has paid a record dividend of $701m (£523m) to its Ukrainian-born owner Leonid Radvinsky, marking the latest in a series of bumper payouts as the adult-content platform prepares for a potential sale. The payout comes after a surge in user spending helped OnlyFans’ parent company, Fenix International, deliver another year of rapid growth. The site, best known for its role in the creator economy and for hosting millions of influencers and adult stars, reported...

Mastering Gold Futures: Key Strategies, Risks, and Opportunities

It was always much more than just a precious metal. It’s a secure haven in turbulent times, a trade instrument, and also an emblem of prosperity. A favorite among institutional investors, portfolio managers as well as retail investors is gold futures. They let you benefit from price fluctuations and protect against the effects of inflation. Before you begin, it is important to be aware of how gold futures work as well as the risk involved...

Liberty Speciality Steel collapses into administration and government receivership with 1,450 jobs at risk

Liberty Speciality Steel has collapsed into administration after a winding-up petition in the High Court, placing one of the UK’s most strategically important steelmaking businesses under government control. The South Yorkshire-based company, which employs around 1,450 people, will now be managed by special officials appointed by the Government’s Official Receiver. Liberty Speciality Steel supplies high-grade steel products to critical sectors including aerospace, defence, power generation, oil and gas, and rail. Its specialist alloys are used...

London Tube faces week-long strike as RMT rejects pay offer

The London Underground is braced for a week of chaos next month as thousands of staff walk out in a fresh dispute over pay and working conditions. The RMT union confirmed that a series of rolling strikes will begin on September 5, involving signallers, engineers and service control staff across multiple Tube lines. Drivers are not included in the action, but disruption to services is expected to be widespread. RMT general secretary Eddie Dempsey said...

Why authenticity wins in business: insights from Jules White

Jules White has never been one to follow the traditional sales rulebook. Internationally recognised for her bold “Live it, Love it, Sell it” methodology, she champions authentic, human-centred strategies over pushy tactics. This is a philosophy that has not only earned her clients worldwide, but also the respect of peers who call her the “Dragon Slayer” for her entrepreneurial courage. When the pandemic shifted networking and client relationships online, White found a simple yet powerful...

The future of international ecommerce

The way most industry leaders think about international ecommerce has radically changed over the last few years, primarily because of the emergence and widespread availability of AI tools. However, automation isn’t the only technology shaping the industry. Various other technologies are impacting consumer behavior and the quality of the shopping experience that online businesses can offer. A DHL study revealed that 59% of shoppers purchase items from retailers outside their home country worldwide. This figure...

Welsh IT firm ranked among world’s top 200 managed service providers

Welsh IT and technology solutions specialist Team Metalogic has been named one of the world’s top 200 managed service providers, achieving 187th place in the prestigious MSP 501 list compiled by Channel Futures. The Caerphilly-based firm is the only Welsh company to feature in the 2025 rankings, placing 11th across the UK and Europe. The MSP 501 is regarded as the global benchmark for excellence in the sector, recognising the most successful and innovative providers...

NEETs near one million as jobless young women hit near-decade high

The number of young women out of work, education or training has climbed to its highest level in almost a decade, fuelling a rise in so-called NEETs across the UK. Figures from the Office for National Statistics (ONS) show that 450,000 women aged 16 to 24 were classed as not in employment, education or training in the three months to June — the highest level since 2016. Most of the women were economically inactive, meaning...

Marks & Spencer to build £340m robot-powered warehouse creating 3,000 jobs

Marks & Spencer will spend £340 million on a giant automated warehouse in Northamptonshire as it accelerates efforts to double the size of its food business. The 1.3 million sq ft facility, to be built at Daventry’s international rail freight terminal, represents the retailer’s biggest supply chain investment in its history. It will create 2,000 jobs during construction and a further 1,000 permanent roles once fully operational in 2029. Products moving through the warehouse will...

UK strike threat risks halting Airbus’s global jet production

Airbus is facing the prospect of a global production slowdown after workers at its flagship UK site voted overwhelmingly to strike in a dispute over pay. More than 3,000 members of the Unite union at the Broughton plant in North Wales – which builds wings for all Airbus commercial jets – will stage a 10-day walkout next month unless agreement is reached. The site is a crucial cog in Airbus’s global supply chain, supplying components...