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Business

Business

Coal power stations unlikely to provide emergency energy top-up next winter

Companies running the UK’s three remaining coal-fired power stations have told Sky News that they will not be able to commit to new emergency...

by admin March 16, 2023
Coal power stations unlikely to provide emergency energy top-up next winter
Business

FTSE 100 takes £75bn hit as Europe becomes new focus of Silicon Valley Bank fallout

The FTSE 100 and other major European stock markets have taken a beating as concern over the health of US banks crosses the Atlantic....

by admin March 15, 2023
FTSE 100 takes £75bn hit as Europe becomes new focus of Silicon Valley Bank fallout
Business

Budget 2023 calculator: See if you are better or worse off after Chancellor Jeremy Hunt’s statement

Are you richer or poorer? Use our budget calculator to see how you have been affected by Chancellor Jeremy Hunt’s tax and spending announcements....

by admin March 15, 2023
Budget 2023 calculator: See if you are better or worse off after Chancellor Jeremy Hunt's statement
Business

Budget 2023: UK economy will avoid recession in 2023 and inflation set to plummet, says chancellor

Jeremy Hunt said the British economy is “proving the doubters wrong” and will avoid recession, as he delivered his first full budget speech to...

by admin March 15, 2023
Budget 2023: UK economy will avoid recession in 2023 and inflation set to plummet, says chancellor
Business

Budget 2023: The key points of Chancellor Jeremy Hunt’s speech

The chancellor has announced the budget for 2023. The UK will now not enter a technical recession this year, the independent forecasters, the Office...

by admin March 15, 2023
Budget 2023: The key points of Chancellor Jeremy Hunt's speech
Business

Health of European banks in focus as stocks plunge again over Credit Suisse and rate rise worries

Banking stocks are enduring fresh, steep losses on Wednesday as concern over the health of US banks crosses the Atlantic. Credit Suisse shares plunged...

by admin March 15, 2023
FTSE 100 takes £75bn hit as Europe becomes new focus of Silicon Valley Bank fallout
Business

How Silicon Valley Bank chaos has had a bearing on us all – and why we’re in for a bumpy few months

Tempting as it is to believe that the chaos with Silicon Valley Bank and its British arm are of interest only to members of...

by admin March 14, 2023
How Silicon Valley Bank chaos has had a bearing on us all - and why we're in for a bumpy few months
Business

Sunak confirms Hunt will still be chancellor at next election despite criticism ahead of spring budget

Rishi Sunak has said Jeremy Hunt will still be chancellor at the next election after criticism his number two did not have enough economic...

by admin March 14, 2023
Sunak confirms Hunt will still be chancellor at next election despite criticism ahead of spring budget
Business

McLaren revs up investors with £70m equity injection

McLaren Group, the supercar manufacturer and Formula One team-owner, has received a £70m funding boost from investors in the first stage of a wider...

by admin March 14, 2023
 McLaren revs up investors with £70m equity injection
Business

Tech bosses show relief over Silicon Valley Bank rescue

Technology investors and founders representing over £560bn in capital raised and fund assets under management have expressed relief about the rescue of Silicon Valley...

by admin March 14, 2023
Tech bosses show relief over Silicon Valley Bank rescue
Business

UK loses total of 220,000 working days to strike action in January

The number of working days lost to strike action totalled 220,000 in January, figures from the Office for National Statistics (ONS) show. In the...

by admin March 14, 2023
UK loses total of 220,000 working days to strike action in January
Business

HSBC buys Silicon Valley Bank UK for £1 in deal which ‘protects customers and taxpayers’

HSBC has bought the embattled UK arm of Silicon Valley Bank (SVB UK), securing the deposits of more than 3,000 customers worth £6.7bn. Confirming...

by admin March 13, 2023
HSBC buys Silicon Valley Bank UK for £1 in deal which 'protects customers and taxpayers'
Business

Silicon Valley Bank collapse: US government assures depositors of access to money in bid to stop financial crisis

The US government has assured depositors that they will be able to access all of their money quickly following the historic failure of Silicon...

by admin March 13, 2023
Silicon Valley Bank collapse: US government assures depositors of access to money in bid to stop financial crisis
Business

HSBC emerges as last-ditch white knight for Silicon Valley Bank UK

HSBC Holdings has emerged as a potential ‘white knight’ bidder for Silicon Valley Bank (SVB) UK as the government and regulators seek to avert...

by admin March 12, 2023
HSBC emerges as last-ditch white knight for Silicon Valley Bank UK
Business

Ex-Tory donor’s bank Oaknorth in talks to buy stricken Silicon Valley Bank UK

A business lender founded by a prominent former Conservative Party donor is in talks to buy the British operations of Silicon Valley Bank, the...

by admin March 12, 2023
Ex-Tory donor's bank Oaknorth in talks to buy stricken Silicon Valley Bank UK
Business

Silicon Valley Bank collapse: PM says government ‘working to recognise anxiety’ of businesses affected

The government is “working to recognise the anxiety” of businesses caught up in the collapse of the the UK arm of Silicon Valley Bank,...

by admin March 12, 2023
Silicon Valley Bank collapse: PM says government 'working to recognise anxiety' of businesses affected
Business

Budget will ‘break down barriers’ to work in bid to fill vacancy void, Chancellor Jeremy Hunt tells Sky News

The budget will “break down the barriers” to getting people back into work in the face of more than a million vacancies and a...

by admin March 12, 2023
Budget will 'break down barriers' to work in bid to fill vacancy void, Chancellor Jeremy Hunt tells Sky News
Business

High street banks given 24 hours to rescue Silicon Valley Bank UK

Britain’s biggest high street banks have been given a 24-hour deadline to rescue Silicon Valley Bank UK (SVB UK) from collapse as the Bank...

by admin March 12, 2023
How Silicon Valley Bank chaos has had a bearing on us all - and why we're in for a bumpy few months
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
Silicon Valley Bank collapse: PM says government 'working to recognise anxiety' of businesses affected
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