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Business

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
High street banks given 24 hours to rescue Silicon Valley Bank UK
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
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
Silicon Valley Bank collapse: PM says government 'working to recognise anxiety' of businesses affected
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
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