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Business

Business

Spotify to cut nearly 20% of its workforce despite turning £55m profit in latest report

Popular music-streaming app Spotify will cut almost a fifth of its workforce despite turning a profit of €65m (£55.7m), according to its latest figures....

by admin December 4, 2023
Spotify to cut nearly 20% of its workforce despite turning £55m profit in latest report
Business

CBI faces autumn deadline to refinance rescue funding

The CBI faces a deadline next September to refinance millions of pounds of funding put in place to avert its collapse during the autumn....

by admin December 3, 2023
CBI faces autumn deadline to refinance rescue funding
Business

Abu Dhabi state-backed fund moves to take control of Daily Telegraph

An Abu Dhabi state-backed vehicle has moved closer to taking full control of The Daily Telegraph just hours after the launch of a regulatory...

by admin December 2, 2023
Abu Dhabi state-backed fund moves to take control of Daily Telegraph
Business

Struggling CBI to impose 5% fee increase on members

The CBI is urging members to swallow a further rise in fees even as the lobby group battles to regain its former standing among...

by admin December 1, 2023
CBI faces autumn deadline to refinance rescue funding
Business

Frazer to prohibit removal of key Telegraph staff during probe

The government is to prohibit the removal or transfer of key Daily Telegraph journalists during a public interest probe into the newspaper’s prospective takeover...

by admin December 1, 2023
Frazer to prohibit removal of key Telegraph staff during probe
Business

Lloyds shareholders could reap £500m bonanza from Telegraph deal

Shareholders in Lloyds Banking Group could reap a windfall worth more than £500m early next year following a deal that will see it repaid...

by admin December 1, 2023
Lloyds shareholders could reap £500m bonanza from Telegraph deal
Business

House prices show further growth after pause in interest rate hikes, Nationwide says

House prices recorded a second month of growth in November, according to a closely-watched report. The Nationwide House Price Index showed average values were...

by admin December 1, 2023
House prices show further growth after pause in interest rate hikes, Nationwide says
Business

DCMS issues public interest intervention notice over Telegraph and Spectator purchase

The culture secretary has launched an investigation into the takeover of The Daily Telegraph by a state-backed Abu Dhabi-based fund. An inquiry by communications...

by admin December 1, 2023
DCMS issues public interest intervention notice over Telegraph and Spectator purchase
Business

Cristiano Ronaldo faces $1bn lawsuit after launching NFT collection

Cristiano Ronaldo has been hit with a $1bn (£791m) class action lawsuit for his involvement in promoting non-fungible tokens. The Portuguese footballing legend had...

by admin December 1, 2023
Cristiano Ronaldo faces bn lawsuit after launching NFT collection
Business

Financial crash could have been far worse for UK were it not for Alistair Darling

Even before Northern Rock collapsed and the financial crisis exploded, Alistair Darling was already wrangling with an unenviable inheritance as chancellor of the exchequer....

by admin November 30, 2023
Financial crash could have been far worse for UK were it not for Alistair Darling
Business

DCMS issues public interest intervention notice over Telegraph and Spectator purchase

The culture secretary has launched an investigation into the takeover of The Daily Telegraph by a state-backed Abu Dhabi-based fund. An inquiry by communications...

by admin November 30, 2023
DCMS issues public interest intervention notice over Telegraph and Spectator purchase
Business

RMT: Rail workers accept deal to end their long-running dispute over pay and conditions

Rail workers have voted to accept a deal to end their long-running dispute over pay and conditions. Members of the Rail, Maritime and Transport...

by admin November 30, 2023
RMT: Rail workers accept deal to end their long-running dispute over pay and conditions
Business

Alistair Darling, Robinhood and the markets

Former chancellor Lord Alistair Darling has died – Ian King is joined by David Smith, economics editor of The Sunday Times to discuss his...

by admin November 30, 2023
Alistair Darling, Robinhood and the markets
Business

Frazer to launch public interest probe into Telegraph sale

The culture secretary will on Thursday launch a probe into the takeover of The Daily Telegraph by a state-backed Abu Dhabi-based fund. Sky News...

by admin November 30, 2023
Frazer to prohibit removal of key Telegraph staff during probe
Business

Lloyds, Halifax and Bank of Scotland branches to be shut

Lloyds Banking Group has revealed another 45 branches are to be shut amid no sign the wave of closures across the industry is nearing...

by admin November 30, 2023
Lloyds, Halifax and Bank of Scotland branches to be shut
Business

Metro Bank to cut 800 jobs and may axe seven day branch opening

Metro Bank has revealed plans to cut 20% of its workforce and slash its business hours commitments as part of efforts to save it...

by admin November 30, 2023
Metro Bank to cut 800 jobs and may axe seven day branch opening
Business

Elon Musk apologises for antisemitic X post – but tells fleeing advertisers to ‘go f*** yourself’

Elon Musk has launched a fiery attack on advertisers who have stopped promoting on his social media platform X, telling them to “go f***...

by admin November 30, 2023
Elon Musk apologises for antisemitic X post - but tells fleeing advertisers to 'go f*** yourself'
Business

Health insurance premiums ‘to rise by at least 20%’ as NHS woes stoke claims

Health insurance premiums will rise by at least a fifth next year, according to industry advisers who blame a surging number and cost of...

by admin November 30, 2023
Health insurance premiums 'to rise by at least 20%' as NHS woes stoke claims
Business

Citizens Advice survey: One in four adults likely to turn to buy-now-pay-later schemes to afford Christmas

More than half of parents with children in primary school are likely to use buy-now-pay-later (BNPL) schemes to afford Christmas, according to research from...

by admin November 30, 2023
Citizens Advice survey: One in four adults likely to turn to buy-now-pay-later schemes to afford Christmas
Business

UK to launch an Online Fraud Charter with 11 major tech companies including TikTok, Snapchat and YouTube

The UK is to launch an Online Fraud Charter with 11 major tech companies in a “world-first” initiative to combat scams, fake adverts and...

by admin November 30, 2023
 UK to launch an Online Fraud Charter with 11 major tech companies including TikTok, Snapchat and YouTube
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