IMF upgrades growth forecasts for UK economy but warns of ‘tough choices’ ahead May 21, 2024 "With growth recovering faster than expected, the UK economy is approaching a soft landing, following a mild technical recession in 2023," the IMF said.
Vitesse: London insurtech lands £73m funding round led by US private equity giant KKR May 21, 2024 London-based insurtech Vitesse has secured a new $93m (£73.2m) funding round to support its expansion in the US.
XP Power rejects US giant’s £571m takeover bid which ‘fundamentally’ undervalued firm May 21, 2024 Advanced Energy Industries upped the stakes in its bid for the electronic component supplier XP Power, but its latest offer was ultimately rejected.
Based in an old Bermondsey biscuit factory, this London cancer drug firm just raised millions May 21, 2024 Founded in 2012 by a PhD student, Labgenius uses technology to create more effective and safer antibodies for cancer treatment.
The Works hoping to return to profit growth following challenging year May 21, 2024 Discount books and crafts supplier The Works is hoping to deliver more than £8m in profits next year, following a challenging 12 months in which it closed dozens of shops across the UK.
Ocado: Marks and Spencer-linked grocer is fastest-growing for third straight month May 21, 2024 Ocado has maintained its position as the fastest growing supermarket for the third month in a row, as efforts to cut prices continue to pay off.
Payments regulator slams Visa and Mastercard for merchant fee hikes but forgoes price caps May 21, 2024 The UK payments regulator has found "little evidence" that fee hikes by Visa and Mastercard on retailers have majorly improved the quality of service, adding that the card giants do not face effective competition.
Donald Trump’s Truth Social craters to $300m loss amid market manipulation claims May 21, 2024 Trump Media and Technology Group's primary asset Truth Social generated just $770,500 in sales over the quarter.
Watkin Jones returns to profit after successful business restructure May 21, 2024 Property developer Watkin Jones returned to profit in the first half of the year after a successful business restructuring following a year of losses.
Shoe Zone shares slump as store revenue continues to decline May 21, 2024 Shares in affordable footwear company Shoe Zone slumped by over nine per cent in early trade as the business fails to shake the hangover from its profit warning two months ago.
