HSBC lifts savings rates after government pressure June 29, 2023 HSBC UK and First Direct have unveiled plans to boost savings rates. Customers with HSBC UK accounts will see some savings interest rates increase from Friday 30 June, alongside a change to increase the higher-paying tier on the bank’s online bonus saver account. Those with an online bonus saver will be able to earn four [...]
A ‘wasted’ year for WANdisco but growth is on the horizon, says new boss June 29, 2023 Troubled data firm WANdisco today announced loss-making results for 2022 but the new leadership hopes they can put a turbulent period behind them. WANdisco reported operative losses of $28.2m (£22.4m), a small triumph compared to 2021 profits which came in at negative $37.6m (£29.8m). The Sheffield-based company increased revenues of $9.7m (£7.7m), up by $2.4m [...]
Brexit scaremongering must stop, says minister June 29, 2023 Total UK trade is up and Brexit scaremongering “has to stop”, a business minister has said. Nus Ghani told the Commons UK trade is thriving post-Brexit, as she dismissed concerns about the effects of the country’s withdrawal from the European Union as “scaremongering”. Her remarks came in response to a question about the impact of [...]
Cleverly defends China visit plans and pledges to use UK’s global ‘influence’ June 29, 2023 Foreign secretary James Cleverly has defended a possible trip to China as he argued that international reforms cannot happen without recognising Beijing’s global financial influence. Cleverly confirmed last week that he is “looking at the options” for a potential visit to China – the first by a UK foreign secretary since Jeremy Hunt went in [...]
British Lithium team ups with French miner to develop Cornish mega mine June 29, 2023 British Lithium has teamed up with French minerals specialist Imery to develop a mine capable of powering half a million cars per year.
Explainer: The Court of Appeal’s decision on the Rwanda scheme is a loss for Braverman June 29, 2023 Today, the Court of Appeal ruled the Home Office’s plan to deport asylum seekers to Rwanda unlawful. Ten asylum seekers, together with the charity Asylum Aid, had brought the case to the Court of Appeal after the High Court sided with the government at an earlier hearing. Today, they won. The appellants won on the [...]
Smarter Contracts secures more than $1 million in funding June 29, 2023 Smarter Contracts has closed $1.095 million of funding, secured through two private investors and the recent prize win.
Lack of available finance hampering SMEs – and things aren’t getting better anytime soon June 29, 2023 Small and medium-sized businesses (SMEs) are struggling to access funding as rising rates force banks to put up the costs of lending. According to YouGov data collected for AIM-listed Manx Financial Group, 40 per cent of SMEs had to stop or pause an area of their business due to a lack of funding over the [...]
Rail operators forced to cough up as delay repay claims double June 29, 2023 Rail operators closed more than double the number of compensation claims for delays in the 12 months to March, reflecting in part a “deterioration in train punctuality and reliability” as well as the ongoing effect of strike action. The Office of Rail and Road (ORR) – the sector’s watchdog – said there were 5.9m delay [...]
Elizabeth Line: £19bn route suspended due to SWAN on the tracks June 29, 2023 The Elizabeth Line was suspended on major parts of the route this afternoon as a swan caused major disruption on the popular £19bn route. TFL’s website said that an “obstruction” had caused there to be no service between Heathrow Airport and Abbey Wood, a route that takes travellers through the centre of the city. The [...]
