Kwasi Kwarteng: Mini-budget chancellor to quit as an MP February 6, 2024 Kwasi Kwarteng, the chancellor during the infamous Liz Truss mini-budget, is to quit as an MP at the next election. The former Conservative chancellor took to social media to announce he would not stand again, on Tuesday morning. He was appointed as chancellor on 6 September 2022, delivering the mini-budget on 23 September, just days [...]
February rail strikes: Here’s everything you need to know February 6, 2024 Brits are facing yet another week of disruption next week as train drivers from the Aslef union walk-out in an ongoing feud over pay and working conditions.
Fintech investment in crisis but London remains ‘European capital’ February 6, 2024 UK fintech investment dropped by $12.3bn (£9.8bn) last year, falling 34 per cent, but the country remained the lead investor in Europe. Fintech investing across the Europe, Middle East and Asia region halved last year, falling from $49.6bn in 2022 to just $24.5bn, its lowest level in seven years, data from KPMG revealed. John Hallsworth, [...]
Springfield: London-listed property developer inks £15m affordable housing deal February 6, 2024 Scottish housebuilder Springfield has won a £15.3m contract to build affordable housing in the region. In an update this morning, the London-listed firm said it would be working with Highland Housing Alliance to complete the homes. Innes Smith, chief of Springfield Properties, said:“Within the last eight months, we have signed contracts worth circa £40m with [...]
Virgin Money warns of more job cuts to come after dropping 150 staff as it slashes costs February 6, 2024 Virgin Money warned of further cost-cutting and layoffs to come today after slashing its headcount in the first quarter of the year.
Palantir: US tech firm with lucrative NHS contract sees AI sales soar February 6, 2024 Shares in US tech firm Palantir have jumped nearly 18 per cent demand for artificial intelligence (AI) has driven sales higher.
Sober shaming: One in five pressured to drink by friends February 6, 2024 Dry January is over, but 'sober shaming' is a year-round issue. An addiction rehab expert at Rehabs UK answers the most pressing questions.
K-Pop event firm’s shares remain suspended as losses continue to spiral February 6, 2024 Live Company, the firm behind children’s live entertainment group Bricklive and K-Pop Lux has published its 2022 financial accounts after a six month delay which resulted in it being suspended from the London Stock Exchange. Back in July, the Surrey based group was told it could no longer trade because it failed to publish its [...]
GSK announces breakthrough with blood cancer treatment drug Blenrep February 6, 2024 Biotech giant GSK has announced a potential breakthrough in the treatment of relapsed or refractory multiple myeloma, a type of blood cancer.
Bank of England: Rate cuts when not if but Brits must wait for their ‘reward’ February 6, 2024 The Bank of England’s chief economist Huw Pill has said interest rate cuts are a matter of “when” rather than “if” policymakers want to “reward the economy” for progress on inflation.
