British Business Bank chief Louis Taylor on risk: ‘Even if the worst happens, you learn’ July 20, 2023 For a man running a bank that has found itself at the centre of a fraud storm over the past two years, Louis Taylor talks warmly about the concept of risk. The state-owned British Business Bank he now runs shot to household-name status through the pandemic and enjoyed a moment in the sun as the [...]
CMA bosses would have charged Asda more for failing to comply with fuel pricing probe July 19, 2023 The co-owner of Asda, Mohsin Issa, has said he thought it was ‘unfair’ for competition watchdog bosses to say they would have charged the grocer more if they could for failing to provide relevant info for its probe into fuel pricing. In June, Asda was fined £60,000 by competition watchdog for failing to co-operate properly [...]
Andria Vidler to lead Allwyn UK as it gears up to operate the National Lottery July 19, 2023 Lottery operator Allwyn UK has announced the appointment of Andria Vidler as its new boss, as it prepares to take over operation of the National Lottery. Vidler will spearhead Allwyn’s operation of the National Lottery starting in February 2024, as it focuses on maximising funds generated for its giving-back initiative ‘Good Causes’ during its 10-year [...]
UK house price growth slows to 1.9 per cent in May July 19, 2023 The average price of a UK house cost £286,000 in May, according to new government data, with the figure being £6,0000 up on 12 months ago – but £7,000 below its September peak. Average UK house prices increased by 1.9 per cent in the 12 months to May 2023, down from a revised 3.2 per [...]
Jamie Oliver looks to move on from chain collapse with new London restaurant July 19, 2023 Jamie Oliver has said he “hasn’t lost faith” in the restaurant industry as he pushes ahead with plans to open a new restaurant four years after the collapse of his eponymous high street chain. Speaking to The News Agents podcast on Wednesday the celebrity chef blamed a 40 per cent hike in business rates and [...]
Warner Music signs deal with Tiktok to ‘harness’ its viral social media power July 19, 2023 Warner Music Group has inked a multi-year licensing deal with Tiktok to help drive up its revenues and increase marketing opportunities. While specific financial details remain undisclosed, Warner said the venture aims to “harness” the viral media power of the short-video app to bolster revenues and marketing opportunities. Both companies have dubbed the new partnership, [...]
Audioboom hopes new ad strategy will power recovery as it reports net loss July 19, 2023 Podcasting platform Audioboom today posted a net loss of $1.8m (£1.4m) for the first half of the year, but said that its new advertising strategy would see the firm “emerge from the economic downturn in a position of strength”. Revenue for the first half of the year came in at $31.8m (£24.6m), down from $40.9m [...]
The AIG Women’s Open heads to Surrey July 19, 2023 | Sponsored Are you a golf enthusiast looking for an unforgettable experience? Look no further than The Champions Club at the AIG Women’s Open at Walton Heath this August. Located in the heart of Surrey, Walton Heath Golf Club is home to some of the most iconic holes in British golfing history. And this August, the AIG [...]
New life sciences tower signals Canary Wharf gamechanger July 19, 2023 A new 23-storey life sciences tower will be erected in Canary Wharf, after planning permission for the building was approved this morning. The 823,000 sq ft tower, which is located adjacent to the Crossrail Station and Elizabeth Line at Canary Wharf, London, will be Europe’s largest and most “technologically advanced” life sciences facility. The life sciences [...]
Bitcoin and Ethereum move sideways as Ripple’s XRP continues its upward surge July 19, 2023 Bitcoin and Ethereum are hovering in the green after recovering from a slight downturn early this morning as BTC tested the $30k mark.