Fever pitch: Battle for Ted Baker intensifies as new owners set to face post-pandemic high street ‘challenges’ April 4, 2022 Fashion chain Ted Baker has seen its share price boom after kicking off a formal sale process, with a third US private equity proposal. Analysts said the proposal comes as valuations of British companies have fallen in the wake of the pandemic and Brexit. Ted Baker has received an improved proposal from Sycamore, in addition [...]
Surging shares: Elon Musk revealed as Twitter’s largest stakeholder April 4, 2022 Elon Musk, the eccentric billionaire behind Tesla and SpaceX, has snapped up a 9.2 per cent in Twitter – which has sent its shares flying. The tech entrepreneur is reportedly now the largest shareholder in the social media platform, considered one of the world’s most popular. Twitter shares have surged around 26 per cent in [...]
Ministry of defence carves out 100 new jobs in pumping £22m into new satellite April 4, 2022 The UK’s ministry of defence has commissioned a new £22m satellite, which is expected to create around 100 new jobs. The satellite, built as part of the £127m science and technology programme Minerva, will be the first in a network of new satellites to support military operations. The three-year contract with Surrey Satellite Technology Ltd [...]
Brexit spurs rise in overseas talent sponsoring among City firms April 4, 2022 Brexit has spurred a rise in City firms sponsoring overseas recruits, with around 200 workers based outside of the UK being hired per week. It comes amid a labour shortage on British soil, which has seen City law firms battle it out for the highest pay. Visa sponsorships by UK-based financial services firms have been [...]
H&T to repay 8,000 customers wrongly granted loans April 4, 2022 Pawnbroker H&T has said it will refund customers more than £2m after an investigation found loans were granted which should not have been.
ExxonMobil suspends Russian LNG project April 4, 2022 ExxonMobil (Exxon) has suspended its Far East liquefied natural gas project (LNG) in Russia - putting the development into doubt.
Heathrow braces for days of chaos amid staff shortages, IT issues and cancellations April 4, 2022 UK travellers are currently experiencing chaos as Heathrow continues to be hit by a combination of IT issues, Covid-induced staff shortages and flight cancellations. For the last few days, travellers complained on Twitter about being stuck in hour-long queues at terminals 2 and 5 as a result of IT issues, especially at security e-gates. Scottish [...]
Bitcoin price steadies below $46k following weekend of landmarks April 4, 2022 After a slow weekend for the cryptocurrency markets, the price of Bitcoin looks to be settling just under the $46k mark.
Price of milk may increase by up to 50 per cent, as worried UK and EU industry leaders gather in Brussels April 4, 2022 The price of a pint of milk may jump by 50 per cent, as industry leaders held crisis talks. A perfect storm of supply chain pressures and rising costs for farmers has led to fears that the price of milk might soar to the highest for years. According to The Telegraph, four pints will jump [...]
Letters: Digital VAT can be an opportunity April 4, 2022 [Re: Digitalisation of VAT for small businesses, April 1] The next phase of Making Tax Digital (MTD) for VAT came into force on Friday, and it’s fair to say that not every small business will have welcomed it with open arms. Already facing a laundry list of challenges, they now need to comply with HMRC’s [...]
