Public inquiry begins into Post Office scandal that saw 700 managers face criminal convictions February 14, 2022 Former Post Office sub-postmasters and mistresses started giving evidence as part of a public inquiry on the Horizon scandal today. It comes after more than 700 branch managers were given criminal convictions between 2000 and 2014 when faulty accounting software called Horizon made it look as if money was missing. The system, developed by the [...]
UK inflation to scale even higher as cost of living squeeze tightens February 14, 2022 Inflation will soar even further above a near three decade high this week as the squeeze on households tightens its grip, City experts are betting. Fresh figures released by the Office for National Statistics (ONS) on Wednesday will reveal the the cost of living is running at 5.5 per cent, according to the consensus forecast [...]
HydrogenOne backs fuel cell specialists with £10m investment February 14, 2022 HydrogenOne Capital Growth has invested £10m for a minority stake in fuel cell innovation company Bramble Energy.
UK travel bankruptcies on the rise as Omicron and staycations scupper sector’s recovery February 14, 2022 The UK’s travel sector is still suffering from the impacts of Covid, according to new figures from accountancy company Mazars, which show that travel sector insolvencies are on the rise. In January, 15 travel companies went into insolvency, up from nine in December, Mazars’ figures show. The recent rise in the number of insolvencies comes [...]
Taxman seizes three NFTs amid growing fraud concerns February 14, 2022 The tax authority has seized its first non-fungible tokens (NFTs) amid fears criminals are concealing wealth using digital assets.
New Peloton chief bats away takeover talks after Amazon and Nike investor buzz February 14, 2022 Peloton’s new chief exec has denied claims that the firm is gearing up for sale, subduing investor excitement that the fitness company was about to be scooped up by Amazon or Nike.
EY, Deloitte, KPMG, and PwC are the biggest employers of business grads, new figures show February 14, 2022 Business school grads are more likely to go into consulting, than any other industry, according to a survey of 300,000 business grads from OnlineU. More than a fifth (21.1 per cent) of business grads surveyed worked in consultancies, the figures show. Notably, the Big Four auditors alone employed more than 12 per cent of those [...]
Korean firm boosts UK wind plans with £300m investment in Teesside factory February 14, 2022 Korean renewables constructor SeAH Wind will invest up to £300m in a new turbine factory in North East England.
Moderna in late stage talks for UK research facility in post-Brexit boost February 14, 2022 Famed vaccine maker Moderna is reportedly in late-stage investment talks for a research facility in either London, Oxford or Cambridge. The US biotech company is looking to collaborate with the NHS, the Financial Times first reported, in a move which would be a “key element” of the UK’s post-Brexit ambition to become a global life [...]
Studio Retail Group preparing to call in administrators in blow for largest shareholder Mike Ashley’s Fraser Group February 14, 2022 Online value retailer Studio Retail Group, whose largest shareholder is Mike Ashley’s Frasers Group, is posed to call in administrators. The Accrington-based firm said it had not been able to reach agreement with its UK lenders for additional funding it needed. Studio Retail had requested a short-term loan of £25m to fund surplus stockholding which [...]
