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Business

Business

Bank of England currency printer De La Rue in £300m sale

An American predator is close to sealing a £300m swoop on a division of De La Rue, the Bank of England’s banknote printer, in...

by admin October 14, 2024
Bank of England currency printer De La Rue in £300m sale
Business

Chancellor Rachel Reeves ‘wouldn’t have any problems’ getting on P&O ferry – after previously criticising firm’s ‘disgraceful behaviour’

Rachel Reeves has said she “wouldn’t have any problems” getting on a P&O ferry following the fire-and-rehire scandal. The chancellor was asked to clarify...

by admin October 14, 2024
Chancellor Rachel Reeves 'wouldn't have any problems' getting on P&O ferry - after previously criticising firm's 'disgraceful behaviour'
Business

Chief executives praise Labour’s plans after investment summit – but there’s a caveat

This International Investment Summit has been circled in the new government’s diary from the day it took office as a key opportunity to set...

by admin October 14, 2024
Chief executives praise Labour's plans after investment summit - but there's a caveat
Business

Ex-Google boss warns Sir Keir Starmer UK will fail to meet 2030 clean energy goal without fixing regulation

Google’s former boss has warned Sir Keir Starmer he will fail to meet his 2030 clean energy goal unless he fixes UK regulations. Eric...

by admin October 14, 2024
Ex-Google boss warns Sir Keir Starmer UK will fail to meet 2030 clean energy goal without fixing regulation
Business

InPost to take full control of UK distribution group Menzies

InPost, the operator of tens of thousands of parcel delivery lockers across Europe, is closing in on a deal to take full ownership of...

by admin October 14, 2024
InPost to take full control of UK distribution group Menzies
Business

Sir Keir Starmer to pledge to get rid of regulation that ‘holds back investment’ at business summit

The prime minister will pledge to get rid of regulation that “needlessly holds back investment” at a major business conference in London today. The...

by admin October 14, 2024
Sir Keir Starmer to pledge to get rid of regulation that 'holds back investment' at business summit
Business

Starmer to hail more than £50bn in investment at key summit

The government will on Monday welcome more than £50bn of investment in the British economy as Sir Keir Starmer tries to reset his administration...

by admin October 13, 2024
Starmer to hail more than £50bn in investment at key summit
Business

‘We had conversation’ with P&O Ferries owner, says minister, after criticism ‘put £1bn investment under review’

The government had to “have a conversation” in order to secure the landmark DP World investment announcement that was reportedly derailed by comments from...

by admin October 13, 2024
'We had conversation' with P&O Ferries owner, says minister, after criticism 'put £1bn investment under review'
Business

Trading platform Ziglu adds customers with acquisition of Damex arm

A British-based investment and banking app has struck a deal to acquire part of a Gibraltar-based rival that will instantly add tens of thousands...

by admin October 13, 2024
Trading platform Ziglu adds customers with acquisition of Damex arm
Business

P&O Ferries owner’s £1bn investment in UK will go ahead despite transport secretary calling for boycott of shipping firm

A £1bn investment in Britain by port operator DP World will go ahead as planned, after a frantic effort by ministers and diplomats to...

by admin October 12, 2024
P&O Ferries owner's £1bn investment in UK will go ahead despite transport secretary calling for boycott of shipping firm
Business

P&O Ferries owner will attend UK investment summit despite despite scathing criticism from minister

The boss of the company that owns P&O Ferries will attend an investment summit in the UK despite the transport secretary’s scathing criticism, which...

by admin October 12, 2024
P&O Ferries owner will attend UK investment summit despite despite scathing criticism from minister
Business

Boeing to cut 17,000 jobs amid worker strike and financial losses

Boeing will cut 17,000 jobs – 10% of its workforce – as the US plane maker deals with various issues across its business.  Chief...

by admin October 12, 2024
Boeing to cut 17,000 jobs amid worker strike and financial losses
Business

Tortoise Media lines up backers to deliver takeover of The Observer

One of the world’s most successful private equity chiefs is being lined up to help fund a takeover of The Observer, the world’s oldest...

by admin October 12, 2024
Tortoise Media lines up backers to deliver takeover of The Observer
Business

Blow to No 10’s investment summit as port giant pulls £1bn announcement over P&O row

The government’s Investment Summit has suffered a major blow after ports and logistics giant DP World pulled a scheduled announcement of a £1bn investment...

by admin October 11, 2024
Blow to No 10's investment summit as port giant pulls £1bn announcement over P&O row
Business

Scores of companies take AIM at Reeves over tax threat

More than 140 London-listed companies including Fevertree Drinks, Jet2, Mothercare and YouGov have warned the chancellor that uncertainty over the continuation of a vital...

by admin October 10, 2024
Scores of companies take AIM at Reeves over tax threat
Business

Government is using Post Office as ‘shield’ over Horizon compensation schemes, outgoing CEO Nick Read tells inquiry

The Post Office’s outgoing CEO today agreed the government is using the company as a “shield” over compensation schemes, while giving evidence at the...

by admin October 10, 2024
Government is using Post Office as 'shield' over Horizon compensation schemes, outgoing CEO Nick Read tells inquiry
Business

Monzo staff to sell shares as valuation soars again to £4.5bn

Hundreds of employees of the digital bank Monzo are being given the opportunity to sell part of their stakes in the company as its...

by admin October 10, 2024
Monzo staff to sell shares as valuation soars again to £4.5bn
Business

Reynolds axes Board of Trade members as Investment Summit looms

Jonathan Reynolds, the business secretary, has axed government advisers including the founder of Anya Hindmarch, the boss of Universal Music Group and a former...

by admin October 10, 2024
Reynolds axes Board of Trade members as Investment Summit looms
Business

Chancellor may need to raise taxes by £25bn, IFS warns

The chancellor will need to raise taxes by £25bn if she wants to keep spending rising with national income, according to the Institute for...

by admin October 10, 2024
Chancellor may need to raise taxes by £25bn, IFS warns
Business

Post Office inquiry: CEO Nick Read says he doesn’t need to clear his name after criticism

The outgoing boss of the Post Office has said he does not need to clear his name following criticism of his leadership over the...

by admin October 9, 2024
Post Office inquiry: CEO Nick Read says he doesn't need to clear his name after criticism
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