Funding Circle founder bags £22.5m for new payments startup August 17, 2022 The payments app founded by Funding Circle entrepreneur Samir Desai has bagged a £22.5m funding injection today as it looks to strip hidden fees out of online payments.
Ladbrokes owner Entain fined record £17m over social responsibility and money laundering failures August 17, 2022 The gambling watchdog whacked the betting shop owner Entain with record £17m this morning over “completely unacceptable” anti-money laundering and social responsibility failures. The Gambling Commission said the Ladbrokes and Coral owner repeatedly failed to protect problematic gamblers from betting huge sums in their shops and online casinos. The commission said the firm let blocked [...]
Bar chain owned by ex-Dragons’ Den investor receives £10m cash injection for expansion August 17, 2022 The owner of the Cocktail Club bar chain has received a £10m funding injection from HSBC UK in order to continue its expansion plans. Nightcap, which was founded by former Dragons’ Den investor Sarah Willingham and Michael Toxvaerd in 2020, is eyeing almost two dozen additional sites. The chain – which owns The Cocktail Club, [...]
Leaked recording reveals Liz Truss saying UK workers lack ‘skill and application’, need more ‘graft’ August 17, 2022 A leaked recording has revealed Tory leadership frontrunner Liz Truss saying UK workers lacked “skill and application” compared to foreign rivals. The foreign secretary made her comments before 2019 when she was number two in the treasury, and was questioned about it last night during a feisty hustings in Peth. The recording, originally published by [...]
Bargain Hunt: After Ted Baker, foreign buyers set to continue swoop on cheap London-listed firms August 17, 2022 Lawyers expect further corporate raids on the capital’s listed businesses after Ted Baker became the latest to be picked off by foreign, private firms.
Truss has 32-point lead over Sunak in latest poll of Tory members August 17, 2022 Liz Truss is still leading Rishi Sunak by 32 points in the latest poll of Tory members as the foreign secretary inches closer to becoming Prime Minister. The ConservativeHome poll, out today, showed Truss was on 60 per cent and Sunak was on 28 per cent. The latest result is consistent with a string of [...]
Thames Water announces hosepipe ban impacting 15m across London and the South August 17, 2022 Thames Water has announced a fresh hosepipe ban, impacting 15 million customers across London and the south of England.
High commodity prices boost bin collector Biffa’s recycling revenues August 17, 2022 Waste collection company Biffa today posted “strong” financial results as high commodity prices bolstered the firm’s recycling business whilst offsetting far-reaching inflationary pressures. The High Wycombe headquartered firm said it had cut its statutory losses by 57 per cent from £40.5m in 2021 to 17.6m in 2022. The stronger financial performance came as Biffa’s [...]
Persimmon hands £750m to shareholders so far this year August 17, 2022 Persimmon, one of the UK’s largest housebuilders, has handed £750m to shareholders since the beginning of this year as the country’s housing market booms. The average selling price of a home has grown by a little under £10,000 over the past 12-months. “House prices have proved remarkably robust since the pandemic began, buoyed by pent-up [...]
Plus500 launches $60.2m share buyback after jump in profits August 17, 2022 FTSE 250 fintech firm Plus500 said its profits had surged to $312.6m in the first six months of the year as it unveiled a bumper buyback programme to put excess cash back in shareholders’ pockets. Bosses said pre-tax profits had jumped to $312.6m in the six months to the end of June, up from $188.7m [...]