One of the UK’s fastest growing fintechs says it will outpace Starling soon December 4, 2023 Some 10 months into the launch of digital bank Kroo, the founder reckons it will achieve profitability twice the speed of Starling Bank.
Britons gather in support for Small Business Saturday, spending £669m December 4, 2023 New research shows nearly 11 million Britons shopped locally for Small Business Saturday, accumulating a collective £669m in spend.
Toyota considers investment in Derbyshire as automakers back post Brexit Britain December 4, 2023 Toyota is mooting two new investments in the UK, involving new models at its Derbyshire plant and the mass manufacture of hydrogen fuel cells.
‘Mr West-End’ takes over Haymarket House in £400m hotel plot December 4, 2023 A property tycoon nicknamed ‘Mr West-End’ has bought Haymarket House in Soho, with plans to convert the upper floors into a £400m hotel. Billionaire entrepreneur Asif Aziz, has paid around £135m through his investment business Criterion Capital for the popular Piccadilly Circus building. The landmark ‘Happy’ restaurant and comedy club which occupy the ground floor [...]
St James’s Place shakes up investment managers amid fees pressure December 4, 2023 St James’s Place confirmed it has dropped Jacob Rees-Mogg-founded Somerset Capital Management and brought in three new investment managers today in the latest sign of an overhaul at the firm after pressure over its complex fees.
Ryanair slashes 960 flights due to Middle East conflict as passenger numbers fall December 4, 2023 Ryanair cancelled 960 flights in November due to the conflict between Israel and Hamas, it has been revealed. In a report, the low-cost airline said it flew 11.7m passengers in November, a four per cent increase on the prior year and taking its 2023 total to 180.8m. The number marks a significant dip on October’s [...]
COP28: Global nuclear pledge casts further doubt on UK’s capabilities December 4, 2023 The COP28 conference in Dubai has put the UK’s faltering nuclear sector into the limelight once more. Microsoft founder and billionaire philanthropist Bill Gates today used the conference as a platform to announce that his nuclear reactor company TerraPower will examine the UAE’s potential for new reactors. Yesterday, 22 countries including the United States, the [...]
Barclay family reclaims Telegraph after paying off Lloyds debt December 4, 2023 The Barclay family has reclaimed control of The Telegraph following a repayment of £1.16bn in debts owed to Lloyds bank.
Cash-rich Ukrainians and Chinese swap Mayfair for St Johns Wood – as wealthy crave more space December 4, 2023 Rich tenants are ditching their traditional stomping grounds of Belgravia and heading to the leafier surroundings of St Johns Wood.
Israel orders mass evacuations as it widens offensive across Gaza Strip December 4, 2023 The Israeli military has renewed calls for evacuations from the southern Gaza Strip town of Khan Younis as it widened its ground offensive.