Terrible at times tables? Our reliance on fintechs doing our maths dents our income November 28, 2022 Londoners are the most “maths anxious” people in the UK. If reading this sentence sends a chill down your spine, then you’re probably one of the maths anxious people. The term is a little puzzling – do we mean people who are actually scared of numbers? After all, people seem to be scared of anything [...]
Letters: 2008, for crypto November 28, 2022 [Re: FTX implosion shows urgent need for crypto rules, says Bank of England, Nov 21] The sudden interest by global regulators in response to the FTX fiasco only serves to further highlight that the events of the past few weeks might well be looked back on as our industry’s version of the Lehman collapse. Just [...]
Labour’s plan to tackle £20bn late payments crisis affecting SMEs is spot on, says small business lobby November 27, 2022 The Federation of Small Businesses (FSB) has said that proposed Labour plans to help small businesses get their unpaid invoices paid on time are “exactly what the UK’s 5.5m SMEs need”. Under the proposals, big businesses would be required to provide details on their company’s payment practices in their annual report. This would require audit [...]
BT eyes unit merger in bid to cut costs November 27, 2022 BT is gearing up to to merge two of its struggling divisions as the telecom giant continues its big squeeze. As first reported by The Telegraph, the FTSE 100 firm is set to combine its Global Services division, which provides security and cloud computing services, with its Enterprise unit, which serves business and government customers [...]
Government calls on railway stations to keep ticket barriers shut to fight fare evasion November 27, 2022 The UK Government has called on railway stations to keep their ticket barriers shut as it clamps down on fare evasion. “For the barriers to be left open would be bad enough in the days when things were better,” rail minister Huw Merriman said. “To do so when I am fighting so hard with the [...]
Ineos in talks with Rolls-Royce to build mini nuclear reactor and power Scottish chemical refinery November 27, 2022 Ineos is reportedly in talks with Rolls-Royce to build a mini nuclear reactor and power its Scottish chemical refinery. Jointly owned by China’s PetroChina, the Grangemouth factory will need to reach net-zero by 2045 to comply with the Scottish government’s environmental targets, the Sunday Telegraph reported. While Scottish First Minister Nicola Sturgeon has opposed the [...]
Crypto markets provide flat backdrop to Doge uplift on more Musk rumours November 27, 2022 Weekend trading in the cryptocurrency markets has more-or-less flatlined, with only Doge breaking radio silence.
US hedge fund to refinance Superdry with £70m package November 27, 2022 US hedge fund Elliott Advisors is set to refinance Superdry with a £70m funding as the clothing company is due to repay its debts early next year. Advised by PwC, Superdry is in talks with Bantry Bay – a London-based fund backed by Elliott – to ensure the new asset-backed lending facility before the January [...]
TikTok calls in tech start-ups to help with ecommerce push November 27, 2022 TikTok has called in tech start-ups to boost its ecommerce operations in a desperate attempt to diversify revenue streams. According to initial reports from the Financial Times, TikTok’s parent firm Bytedance has been working with YunExpress as a logistics partner to get its social commerce offering off the ground on a more global scale. It [...]
Volkswagen’s new boss makes strategy U-turn as giant focuses on getting ‘spirit’ back November 27, 2022 Volkswagen’s new chief executive Thomas Schafer has made a u-turn in the company’s strategy, focusing on reducing “the portfolio of models” as well as introducing “proper vehicles.” “We need to get back our spirit, our heart, and create new iconic people’s cars,” Schafer told the Sunday Times. The German manufacturer has been through a turbulent [...]
