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Business

Business

Klarna investors asked to commit to funding as value slips to $10bn

Klarna, the buy-now-pay-later credit provider, is trying to finalise a fresh capital injection likely to value it at less than $10bn – just 20%...

by admin July 1, 2022
Business

Aston Martin keeping options open as Saudis weigh possible £200m investment

Aston Martin has said it is considering multiple funding options following reports that Saudi Arabia’s sovereign wealth fund was lining up a possible investment...

by admin June 30, 2022
Business

Crunch talks between RMT and Network Rail begin as union threatens further strikes

Talks between Network Rail and the RMT have resumed with the union warning it will announce more strike dates if the rail bosses press...

by admin June 30, 2022
Business

Thames Water plots £1.5bn cash call to turn reputational tide

Thames Water is to tap shareholders for £1.5bn of new equity in an effort to accelerate its transformation plan, months after it was hit...

by admin June 29, 2022
Business

Two-year extension of steel tariffs despite plea for imports from manufacturers

A two-year extension of tariffs on some foreign steel has been revealed by the government in a bid to protect domestic producers, despite pleas...

by admin June 29, 2022
Business

Cost of living crisis: Working but ‘getting deeper and deeper into debt’

Kerry says she has £20,000 of debts and counting. She is one of an increasing number of people for whom the cost of living...

by admin June 28, 2022
Business

WorldRemit becomes latest fintech to slash jobs as outlook darkens

The international money-transfer service WorldRemit has become the latest fintech unicorn to take an axe to its workforce, as tumbling valuations force founders onto...

by admin June 28, 2022
Business

Four Seasons Health Care plots sale after parent’s three-year insolvency

Four Seasons Health Care, one of Britain’s biggest care home operators, is putting the bulk of its operations up for sale three years after...

by admin June 27, 2022
Business

Petrol retailers accused of ‘rocket and feather’ pricing as unleaded hits new record

Petrol retailers have been accused of forcing “rocket and feather” pricing after unleaded hit a new, and unexpected, record average high over the weekend....

by admin June 27, 2022
Business

HSBC executive Haire in surprise move to run the Skipton

One of HSBC’s top UK executives is quitting in a surprise move to run the Skipton Building Society, one of Britain’s biggest financial mutuals....

by admin June 26, 2022
Business

Hearn duo eye £150m windfall from sale of Matchroom Sport stake

The father-and-son duo who have built Matchroom Sport into a global sports promotion empire are plotting a deal that will cement their status among...

by admin June 25, 2022
Business

It once cost £1 to get into Glastonbury – but now fans are feeling the effects of spending squeeze

A cheap festival should not be an oxymoron but many people at Glastonbury this year are in a very different place financially to where...

by admin June 24, 2022
Business

KPMG chief takes swipe at rival EY’s $80bn break-up plan

The global chairman of KPMG has taken a swipe at the $80bn break-up being hatched by rival EY, implying that such a radical restructuring...

by admin June 24, 2022
Business

London Underground workers vote to strike again in coming months

London Underground workers have voted to strike again, as they near the end of this week’s action which has seen tube services disrupted across...

by admin June 24, 2022
Business

Cath Kidston up for sale two years after collapse cost 900 jobs

Cath Kidston, the modern vintage brand, has been put up for sale just two years after collapsing into administration with the loss of nearly...

by admin June 24, 2022
Business

Adam Boulton on lessons to be learned from strikes past, present and what they mean for the future

The British public is well-used to confrontations between workers in the public sector and the government of the day. Over the decades there have...

by admin June 23, 2022
Business

Govt forced to hand over £7.6bn last month in record interest payment on public debt

The UK government made one of its largest interest payments on public debt ever last month, after inflation pushed borrowing costs to some of...

by admin June 23, 2022
Business

Inflation hits fresh 40-year high amid cost of living crisis

The rate of inflation has risen to a fresh 40-year high of 9.1% in May, according to the latest official figures. The update, from...

by admin June 21, 2022
Business

Give public sector workers a pay rise or cut everyone’s taxes by 2%? Chancellor left with tough set of choices

Imagine, if you can, you are in the chancellor’s shoes. Your instincts are to cut taxes and reduce public spending yet pretty much every...

by admin June 21, 2022
Business

COVID legacy weakens case for rail strikes as wider pay fight looms

This week’s rail strike and the potential for further walkouts across the public sector has conjured the spirits of the Winter of Discontent, the...

by admin June 20, 2022
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Recent Articles
  • Starmer aims to break cabinet away day curseStarmer aims to break cabinet away day curse
  • M's Raleigh hits 2 more HRs, brings total to 38M’s Raleigh hits 2 more HRs, brings total to 38
  • Bellinger's 3 HRs lift Yankees to 5th straight winBellinger’s 3 HRs lift Yankees to 5th straight win
  • Trinity OC's 8-year-old daughter dies in TX floodsTrinity OC’s 8-year-old daughter dies in TX floods
  • Google hires Windsurf CEO Varun Mohan, others in latest AI talent deal Google hires Windsurf CEO Varun Mohan, others in latest AI talent deal
  • Robinhood is up 160% this year, but several obstacles are aheadRobinhood is up 160% this year, but several obstacles are ahead
  • Rocket maker Firefly Aerospace files to go public under ticker FLYRocket maker Firefly Aerospace files to go public under ticker FLY
  • Bill Gates says Trump's cuts to USAID are devastating: 'It’s not too late to reverse them'Bill Gates says Trump’s cuts to USAID are devastating: ‘It’s not too late to reverse them’
  • Fuel to engines of Air India plane that crashed cut off moments after take-off, report findsFuel to engines of Air India plane that crashed cut off moments after take-off, report finds
  • Fuel to engines of Air India plane cut off moments before crash, preliminary report findsFuel to engines of Air India plane cut off moments before crash, preliminary report finds
World News
  • Fuel to engines of Air India plane cut off moments before crash, preliminary report findsFuel to engines of Air India plane cut off moments before crash, preliminary report finds
  • 'At least 798 killed' at Gaza aid points - as medical charity warns acute malnutrition at all-time high‘At least 798 killed’ at Gaza aid points – as medical charity warns acute malnutrition at all-time high
  • 'At least 798 killed' at Gaza aid points - as medical charity warns acute malnutrition at all-time highAt least 798 people have been killed at Gaza aid points, the UN says
  • Ten children among at least 15 killed waiting for Gaza health clinic to open, says aid groupTen children among at least 15 killed waiting for Gaza health clinic to open, says aid group
  • 'Physical threat' from Iran on people living in UK has 'increased significantly', watchdog says‘Physical threat’ from Iran on people living in UK has ‘increased significantly’, watchdog says
  • This flimsy vessel carrying migrants could reach British waters in a few hours' timeThis flimsy vessel carrying migrants could reach British waters in a few hours’ time
  • At least four killed and 'many' kidnapped after Houthi rebels sink cargo ship Eternity C in Red SeaAt least four killed and ‘many’ kidnapped after Houthi rebels sink cargo ship Eternity C in Red Sea
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