Tourist tax means UK is missing out on £1bn ‘Brexit boost’, MPs warn September 7, 2023 Britain is missing out on a £1bn pound “Brexit boost” for as long as it fails to reinstate VAT-free shopping for international tourists, MPs have warned.
More fintechs secure UK banking licences as Revolut struggles to get approval September 7, 2023 Two new challengers succeeded in securing banking licences from regulators today, raising more question marks for Revolut as it struggles to get approval from the City watchdogs.
Latest Boeing 737 MAX defect hit three quarters of fleet, says CFO September 7, 2023 The latest production snag at Boeing will hit nearly three quarters of its bestselling fleet of 737 MAX aircraft, its CFO has said.
Brits among least likely to say work important to them, survey finds September 7, 2023 British workers rank among the lowest globally for how likely they are to say their work is important to them, a study has found.
Cryptocurrency is struggling with a reputation problem, research finds September 7, 2023 The cryptocurrency industry is struggling to improve its reputation, according to research by blockchain protection company CoinCover.
Pets at Home and CVS shares plunge after CMA vows to investigate veterinary fees September 7, 2023 Shares in British veterinary services firms Pets at Home and CVS Group plunged on Thursday, after the UK’s antitrust watchdog launched a review into the market amid concerns that pet owners might not be getting a good deal. The Competition and Markets Authority (CMA) will look into the fees charged for veterinary services amid soaring [...]
UK sanctions Russia cyber gang that targeted hospitals during Covid September 7, 2023 UK sanctions have been announced against 11 members of a Russian cybercrime gang behind the hacking of hospitals during the coronavirus pandemic. Britain and the United States acted together to slap the Russian nationals with asset freezes and travel bans, the Foreign, Commonwealth and Development Office (FCDO) said on Thursday. The so-called TrickBot Group is [...]
Daily Mail said to be in cahoots with Qataris to splash over £500m on Telegraph group September 7, 2023 The Daily Mail is reportedly in talks with Qatari tycoons to table a bid for the Telegraph group, which could cost north of £500m. Daily Mail and General Trust (DMGT), owned by Lord Rothermere, is discussing additional equity to fund a bid for The Telegraph titles and The Spectator, which were put up for sale [...]
FCA offers crypto firms ‘breathing space’ ahead of marketing clampdown September 7, 2023 The Financial Conduct Authority has given crypto firms “breathing space” on a number of key new rules today as it prepares for a clampdown on the marketing of digital assets later this year. The watchdog laid out a framework earlier this year to rein in the promotion of crypto products, including banning “refer-a-friend” bonuses and [...]
Labour boosts election war chest raising £7.5m from business charm offensive September 7, 2023 Labour has enjoyed a boost to its books from top business leaders as accounts revealed the party took almost £7.5m in donations during the second quarter of 2023. Sir Keir Starmer’s party accumulated £10,435,900.07 between April and June this year, according to figures released today by the Electoral Commission, which keeps track of political parties’ [...]
