CMC Markets: Upgraded guidance remains but firm to shed 200 jobs February 5, 2024 The platform issued an update to markets this morning about a bid to "drive efficiencies and control costs", by cutting around 17 per cent of its headcount.
Vodafone: Turnaround gets harder after another miserable quarter in Europe February 5, 2024 Vodafone has said its total revenue shrank by over two per cent in its third quarter due to contractions in Italy and Spain.
Revolution Beauty: Former boss to pay £3m to draw line under finance scandal February 5, 2024 The founder and former chief of Revolution Beauty will have to pay close to £3m to the scandal stricken makeup brand to settle allegations he breached fiduciary duties to the company. Adam Minto, who stepped down as head of the brand two years ago, will have to hand over £2.9m, according to an update by [...]
Insolvencies forecast to hit 33,000 in 2024 despite improving economic outlook February 5, 2024 According to new forecasts from the Centre for Economics and Business Research (CEBR), there could be more than 8,000 insolvencies per quarter in 2024.
Fora chief: Wework trouble ‘doesn’t reflect the strength’ of London’s flexible market February 5, 2024 Enrico Sanna, the chief executive of Fora, said the troubled situation Wework is facing “doesn't reflect the strength of the market”.
UK companies facing second-highest level of financial ‘distress’ in Europe February 5, 2024 UK businesses are facing the second-highest level of “deepening” financial distress in Europe due to inflation and high interest rates.
Prosecutions fail to keep up with the UK’s growing ‘fraud epidemic’ February 5, 2024 The UK government has been urged to do more to crack down on fraud after new data showed the number of high-value criminal cases reaching the courts has stayed flat despite a sharp rise in fraud.
UK chip sector must seize investment opportunities, says tech minister February 5, 2024 Britain’s chip industry must get proactive about seeking investment opportunities and fostering skills, according to the UK’s tech minister.
To lead the artificial intelligence revolution, London must first win over the sceptics February 5, 2024 AI could be London's next big industry, but only if it builds the needed trust to develop the technology, writes Michael Mainelli.
Starmer’s prawn cocktail offensive is just that: palatable but lacking substance February 5, 2024 Labour’s plan to boost business is hard to oppose, but only because it has nothing to say, writes Eliot Wilson.
