Tech Nation in talks with Brent Hoberman’s Founders Forum as wind-down date looms March 28, 2023 Start-up quango Tech Nation said it is in talks to sell its brand to Brent Hoberman’s Founders Forum today as it prepares to wind down at the end of this month.
Can online favourite Ocado make a comeback, or will its share price sink lower? March 28, 2023 Ocado’s share price fell nearly six per cent in afternoon trade as the “magic” of the online retailer’s venture with Marks and Spencer did little to buoy the confidence of investors In its start of year trading update Ocado revealed that retail revenue grew slightly by 3.4 per cent, although a 7.5 per cent decrease [...]
Why energy experts support Shapps’ slashing of the green levies March 28, 2023 Shapps’ plan has received a warmer response from the industry, with the debate over shifting levies to taxes or gas bills.
Premier League chief denies trying to kick football regulator into the long grass March 28, 2023 Premier League chief executive Richard Masters has rebuffed suggestions that the organisation tried to “kick into the long grass” talks over an independent football regulator. Masters was persistently questioned on the point by MPs at a Digital, Culture, Media and Sport Committee hearing on Tuesday. After denying that the expression had been used by anyone [...]
Corbyn blocked from being a Labour candidate – will he now stand as an independent? March 28, 2023 Former Labour leader Jeremy Corbyn has been officially blocked from standing as a candidate for the Labour Party at the next general election. Labour’s governing body, the National Executive Committee (NEC), today agreed to prevent Corbyn standing for the party in future elections. Leader Sir Keir Starmer proposed a motion for the party not to [...]
Asda owners shrug off £9bn debt pile and size up £8bn Subway take over March 28, 2023 The billionaire owners of supermarket Asdaare reportedly sizing up an £8bn takeover of global sandwich maker Subway. According to reports in The Sun, billionaire’s Mohsin and Zuber Issa are understood to be eyeing up the 44,000 restaurant chain. The pair, who gained their notoriety as the founders of forecourt business EG Group, already have Subway [...]
HSBC, SocGen and BNP Paribas raided in France as part of ‘cum cum’ tax probe March 28, 2023 French authorities today raided the Paris offices of five major banks – including HSBC, BNP Paribas, and Société Générale – in relation to an ongoing fraud and money laundering investigation. In a statement, France’s national fraud prosecutor said the raids relate to a preliminary investigation into so-called ‘cum cum’ schemes, which was opened in December [...]
Andrew Bailey dismisses banking volatility as ‘testing out’ but stresses BoE remains ‘vigilant’ March 28, 2023 Andrew Bailey today dismissed recent volatility in the banking sector as “testing out” firms although he stressed that officials in the UK remained “very vigilant” for further signs of friction. Responding to a grilling by MPs on the treasury committee, the governor of the Bank of England said “there’s been quite sharp moves in markets [...]
Supermarket wars: Lidl and Aldi gain ground on Tesco as bargain-hunting Brits battle grocery inflation March 28, 2023 Lidl is the UK’s fastest growing supermarket as bargain-hunting Brits turn to the discount grocer during the cost of living crisis. With grocery inflation now at 15 per cent, new figures published by Kantar this morning show value outlets have seen an uptick in sales last month. Sales in the German supermarket Aldi rose 25.8 [...]
Start-up apocalypse? Cash crunch could wipe out venture-backed firms this year, Morgan Stanley warns March 28, 2023 Start-ups backed by venture capital (VC) could be wiped out in droves this year as cash dries up and investors turn off the taps, analysts have warned.