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Business

Silicon Valley Bank collapse: UK ‘working at pace’ to minimise damage, says chancellor

Urgent plans are being drawn up to “avoid or minimise damage” from the disruption threatened by the collapse of the UK arm of Silicon...

by admin March 12, 2023
Silicon Valley Bank collapse: UK 'working at pace' to minimise damage, says chancellor
Business

Warning of ‘existential threat’ to UK tech sector after failure of Silicon Valley Bank in the US

Dozens of early-stage tech companies in the UK have warned the chancellor of “an existential threat” to the sector following the failure of Silicon...

by admin March 12, 2023
Warning of 'existential threat' to UK tech sector after failure of Silicon Valley Bank in the US
Business

Silicon Valley Bank UK trouble won’t affect other British banks, according to finance ministry

The collapse of the UK branch of Silicon Valley Bank (SVB) is being mitigated by the Treasury and Bank of England, according to the...

by admin March 11, 2023
Warning of 'existential threat' to UK tech sector after failure of Silicon Valley Bank in the US
Business

Thames Water braced for crunch talks over £14bn debt-pile

Thames Water is facing crunch talks over its finances amid mounting concerns about its ability to service a debt mountain which stands at more...

by admin March 11, 2023
Thames Water braced for crunch talks over £14bn debt-pile
Business

Bank of London weighs rescue bid for UK arm of Silicon Valley Bank

A new clearing bank which launched just two years ago is among the suitors this weekend weighing bids to salvage the British arm of...

by admin March 11, 2023
Bank of London weighs rescue bid for UK arm of Silicon Valley Bank
Business

Silicon Valley Bank: Biggest failure since 2008 financial crisis as US regulators close bank and seize assets

US regulators have shut down the country’s 16th largest bank, in the biggest collapse of a financial institution since the 2008 financial crisis. Silicon...

by admin March 10, 2023
Silicon Valley Bank: Biggest failure since 2008 financial crisis as US regulators close bank and seize assets
Business

Grant Thornton UK partners to vote on Indian investment

The UK arm of Grant Thornton, the accountancy and professional services provider, is drawing up plans to invest millions of pounds in its Indian...

by admin March 10, 2023
Silicon Valley Bank collapse: UK 'working at pace' to minimise damage, says chancellor
Business

Economy sees rebound in January helped by return of Premier League football

The economy rebounded to grow by 0.3% in January, according to official figures which reaffirmed that the UK avoided recession at the end of...

by admin March 10, 2023
Economy sees rebound in January helped by return of Premier League football
Business

Jitters over health of US banks spark global stock market sell-off

Stock markets have gone into retreat globally over concerns for the health of US banks in the tougher economy. Banking stocks had led Wall...

by admin March 10, 2023
Jitters over health of US banks spark global stock market sell-off
Business

Financial Conduct Authority says 356,000 mortgage borrowers could face payment difficulties by end of June 2024

Hundreds of thousands of mortgage holders could face payment difficulties by the end of June next year, according to analysis by the Financial Conduct...

by admin March 10, 2023
Financial Conduct Authority says 356,000 mortgage borrowers could face payment difficulties by end of June 2024
Business

Parts of HS2 to be delayed for two years, government announces

The government has announced the construction of sections of HS2 will be delayed by two years to save money. The high-speed railway was initially...

by admin March 9, 2023
Parts of HS2 to be delayed for two years, government announces
Business

Former Shell chief executive Ben van Beurden takes home nearly £10m for 2022 as company profits from high energy prices

Shell’s chief executive earned £9.7m last year, a 53% pay rise, as the company reported record profits due to elevated global energy prices. The...

by admin March 9, 2023
Former Shell chief executive Ben van Beurden takes home nearly £10m for 2022 as company profits from high energy prices
Business

Banks not passing on higher interest rates to savers mean customers miss out on £23bn

Households are missing out on £23bn a year because banks are not passing higher interest rates to savers, a Sky News analysis shows. Although...

by admin March 9, 2023
Banks not passing on higher interest rates to savers mean customers miss out on £23bn
Business

Windfall tax has ‘all but wiped out our profit for the year’, biggest North Sea oil producer says

The biggest producer of oil and gas in the North Sea has reported that the government’s energy profits levy (EPL) has “all but wiped...

by admin March 9, 2023
Business

It will be interesting to know whether the latest offer from Network Rail to RMT members is in any way different from the last one

The RMT union’s decision to put the latest pay offer from Network Rail to its membership looks a pragmatic move. It is in the...

by admin March 8, 2023
It will be interesting to know whether the latest offer from Network Rail to RMT members is in any way different from the last one
Business

RMT strikes on 14 train operators will still go ahead – but union open to talks

The Rail, Maritime and Transport Workers’ union (RMT) has said planned strike dates on 14 train operators will go ahead, but they insist they...

by admin March 8, 2023
RMT strikes on 14 train operators will still go ahead - but union open to talks
Business

RMT puts ‘new and improved offer’ from Network Rail to vote

The Rail, Maritime and Transport Workers’ union (RMT) is putting a “new and improved” pay offer from Network Rail to its members for a...

by admin March 8, 2023
RMT puts 'new and improved offer' from Network Rail to vote
Business

BMW revs up £500m plan to secure Mini production in Britain

BMW, the German car manufacturer, is applying the finishing touches to plans to invest hundreds of millions of pounds into its Oxford plant, securing...

by admin March 8, 2023
BMW revs up £500m plan to secure Mini production in Britain
Business

Wagamama owner to close restaurants as surge in costs drives annual loss

Restaurant Group, owner of brands including Wagamama and Frankie & Benny’s, has revealed plans to close dozens of sites while reporting a slump into...

by admin March 8, 2023
Wagamama owner to close restaurants as surge in costs drives annual loss
Business

Heathrow ‘considering next steps’ as airlines secure victory on passenger charges

Heathrow Airport says it is “considering its next steps” after the industry regulator ruled it must cut per passenger fees it charges airlines from...

by admin March 8, 2023
Heathrow 'considering next steps' as airlines secure victory on passenger charges
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