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Business

Sorrell-backed venture fund takes stake in digital asset manager Tenovos

A venture capital fund backed by the advertising mogul Sir Martin Sorrell will this week unveil its first public investment in a US digital...

by admin November 20, 2022
Sorrell-backed venture fund takes stake in digital asset manager Tenovos
Business

Challenger bank Tandem poaches finance chief from rival Atom

A challenger bank specialising in green finance has poached its new finance chief from a rival as it seeks to accelerate its growth in...

by admin November 20, 2022
Challenger bank Tandem poaches finance chief from rival Atom
Business

Rees-Mogg windfall in jeopardy as Somerset sale talks stall

A multimillion-pound payout to Jacob Rees-Mogg, the former business secretary, is in jeopardy amid faltering talks about a sale of the asset management business...

by admin November 19, 2022
Rees-Mogg windfall in jeopardy as Somerset sale talks stall
Business

Tesla recalls more than 300,000 vehicles in US over rear light problems

Tesla is recalling around 321,000 vehicles in the US because of potential problems with their rear lights, according to a filing made public on...

by admin November 19, 2022
Tesla recalls more than 300,000 vehicles in US over rear light problems
Business

Banksy urges shoplifters to ‘help themselves’ to Guess clothing after copyright row

Banksy has accused US fashion retailer Guess of stealing his work, encouraging shoplifters to head to their flagship Regent Street store in central London...

by admin November 19, 2022
Banksy urges shoplifters to 'help themselves' to Guess clothing after copyright row
Business

Civil servants to go on strike, affecting ports, borders and transport

Civil servants at several government departments will take part in a month of sustained industrial action from mid-December. Members of the PCS union who...

by admin November 18, 2022
Civil servants to go on strike, affecting ports, borders and transport
Business

UK economy made worse by ‘own goals’ like Brexit and Truss mini-budget, IFS economist says

Brexit, slashing investment and Liz Truss’s mini-budget are among the “own goals” that have led to the UK’s dire financial straits, according to a...

by admin November 18, 2022
UK economy made worse by 'own goals' like Brexit and Truss mini-budget, IFS economist says
Business

Next two years will be ‘challenging’, says Chancellor Jeremy Hunt – as disposable incomes are set to fall to record lowest level

The UK’s economic outlook will be “challenging” for the next two years, Jeremy Hunt says. The chancellor presented his autumn statement to parliament on...

by admin November 18, 2022
Next two years will be 'challenging', says Chancellor Jeremy Hunt - as disposable incomes are set to fall to record lowest level
Business

‘Flash dawn’ as retail sales rise but tough economy tipped to hit Christmas and beyond

Retail sales returned to growth in October, according to official figures released a day after crucial forecasts warned of the biggest fall on record...

by admin November 18, 2022
'Flash dawn' as retail sales rise but tough economy tipped to hit Christmas and beyond
Business

Twitter closes offices over ‘sabotage fears’ as ‘more employees resign’

Twitter employees have been told that all office buildings have been temporarily closed – with more staff thought to be leaving the social media...

by admin November 18, 2022
Twitter closes offices over 'sabotage fears' as 'more employees resign'
Business

Cost of living: Tesco offers staff pay advances to help meet debt deadlines

Tesco, the country’s largest retailer, is offering its workforce advances in their pay to help them navigate key debt deadlines as the cost of...

by admin November 18, 2022
Cost of living: Tesco offers staff pay advances to help meet debt deadlines
Business

Jeremy Hunt to defend autumn statement amid warning of record fall in living standards

Jeremy Hunt will continue to defend his autumn statement today as experts warn of a record fall in living standards across the country. The...

by admin November 18, 2022
Jeremy Hunt to defend autumn statement amid warning of record fall in living standards
Business

Household disposable incomes are heading for their biggest fall on record

Addressing MPs in the House of Commons, Jeremy Hunt promised that his autumn statement would lead to “lower inflation, lower mortgage rates, a shallower...

by admin November 18, 2022
Household disposable incomes are heading for their biggest fall on record
Business

Pound falls as markets and business respond to autumn statement

Why energy shares didn’t suffer in response to windfall tax expansion Ian King Business presenter @iankingsky During recent days there have been suggestions in...

by admin November 18, 2022
Pound falls as markets and business respond to autumn statement
Business

Twitter reportedly closes offices over ‘sabotage fears’ as ‘more employees resign’

Twitter employees have been told that all office buildings have been temporarily closed as more of them are estimated to be leaving the social...

by admin November 18, 2022
Twitter closes offices over 'sabotage fears' as 'more employees resign'
Business

Autumn statement: Key announcements from chancellor at a glance

All the main announcements as chancellor Jeremy Hunt reveals his autumn statement to MPs: • He told the Commons in his opening remarks: “In...

by admin November 17, 2022
Autumn statement: Key announcements from chancellor at a glance
Business

Royal Mail seeks to reduce letter deliveries as strikes plunge parent firm to first half loss

Royal Mail is seeking to reduce its commitment to letter deliveries as an estimated £70m impact from strike action is blamed for plunging its...

by admin November 17, 2022
Royal Mail seeks to reduce letter deliveries as strikes plunge parent firm to first half loss
Business

Chinese tech firm Nexperia told to sell majority stake in UK microchip factory over ‘national security risk’

A Chinese-owned tech company has been told to sell the majority of its stake in a UK silicon chip factory due to security concerns....

by admin November 17, 2022
Chinese tech firm Nexperia told to sell majority stake in UK microchip factory over 'national security risk'
Business

Autumn statement: Chancellor Jeremy Hunt reduces higher rate of income tax threshold to £125,140

Jeremy Hunt has reduced the threshold for the higher rate of income tax. The chancellor, announcing his autumn statement, said the 45p rate will...

by admin November 17, 2022
Autumn statement: Chancellor Jeremy Hunt reduces higher rate of income tax threshold to £125,140
Business

Jeremy Hunt to unveil package of tax hikes and spending cuts in autumn statement to plug £54bn black hole

Jeremy Hunt will promise to weather an economic “storm” by raising taxes, cutting public spending and scaling back energy support to fill a £54bn...

by admin November 17, 2022
Jeremy Hunt to unveil package of tax hikes and spending cuts in autumn statement to plug £54bn black hole
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