Insolvencies at ‘jaw dropping’ level as debt industry warns UK economy ‘is not out of the woods yet’ April 18, 2023 More companies in England and Wales entered insolvency during March than at any point since monthly records started three years ago, according to official data that showed a 16 per cent increase on a year ago. The Insolvency Service reported 2,457 corporate insolvencies last month, up from 1,784 in February. The rate of companies falling into insolvency [...]
Coinbase HQ move to London could happen in the future, CEO says April 18, 2023 The chief executive of cryptocurrency exchange platform Coinbase said today that switching its headquarters to the UK was “on the table” if the regulatory regime does not improve in the US. In response to a question asking whether the firm could move its headquarters to the UK, chief executive Brian Armstrong replied saying “anything is [...]
Halfords share price soars as retailer’s motoring offering woos cash-strapped Brits April 18, 2023 Halfords‘ share price soared over eight per cent this morning as the motoring and cycling giant revealed its sales could top £1.9bn. The Birmingham headquartered retailer, which has seen its shares slide 30 per cent in the last year, said it expected pre-tax profits to come in at around £90m to £110m, up from £50m [...]
Goldman’s struggles continue as Bank of America boosted by higher interest rates April 18, 2023 Goldman Sachs’ struggles continued today after it reported a slowdown in its investment banking division, with overall revenues coming in below market expectations. Goldman Sachs’ revenue fell five per cent to $12.2bn, lower than market expectations, while its profit fell 18 per cent year-on-year to $3.1bn. Its investment banking revenue remained subdued amid the continued [...]
Shell restarts Pierce field operations in UK North Sea April 18, 2023 Shell has restarted operations at the Pierce field in the Central North Sea, following an upgrade to allow gas to be produced at the location.
UK has enough gas for summer demand, National Gas Transmission confirms April 18, 2023 The UK will have sufficient gas supply to meet demand from April to September and is expected to sustain flows to Europe
How to give purpose to the metaverse, and the power of meaningful virtual experiences April 18, 2023 The concept of the metaverse has been around for decades, but recent advancements in technology have finally brought it to reality.
London economy powers ahead of every other UK region as the capital shrugs off recession fears April 18, 2023 London’s economy is firing on all cylinders and has raced ahead of every other region in the UK as spending in the capital climbs to the highest level in a year, a new survey shows. According to NatWest and S&P Global’s regional purchasing managers’ index (PMI), businesses in London are performing better than in any [...]
GSK coughs up £1.6bn for Bellus as pharma giant boosts its patent medicine cabinet April 18, 2023 GSK plans to buy developer Bellus Health in an all-cash deal for £1.6bn as the drugmaker expands its bet on respiratory therapies.
E-scooter rental firm blames vandals for having to pull out of UK city April 18, 2023 An e-scooter rental firm has blamed vandals for its decision to pull out of Sunderland after just four months. Zwings began operating in the city in January after the last provider pulled out, saying rising energy costs were a key factor. But now the rental company said it will cut the number of its e-scooters [...]
