Small businesses suffer unprecedented cost assault in sign of more economic woe April 25, 2022 Swelling costs are eating away at small businesses’ margins in a sign that a key engine of the UK’s recovery is beginning to stall, reveals fresh research published today. Nearly nine in 10 small businesses have experienced an uptick in their operating costs, squeezing their room to combat what is expected to be a weaker [...]
CBI president: UK needs to tap into fintech’s ‘flotilla of benefits’ April 25, 2022 The UK needs to tap into “a flotilla of benefits” on offer from the country’s world-beating fintech sector, the president of Britain’s top business group will urge today at a gathering of the City’s biggest and brightest minds. Lord Bilimoria, president of the Confederation of British Industry (CBI) and a cross-party peer, will stress to [...]
Not all fluff: UK’s largest laundry service snaps up rival April 25, 2022 The UK’s largest on-demand laundry and dry-cleaning service Laundryheap has snapped up its rival to become a clothes-cleaning-behemoth.Laundryheap, founded in 2014, has bought Laundrapp from Inc Retail for an undisclosed sum. The London-based company, which partners with Holiday Inn, Premier Inn, Best Western and Just Eat, operates in 10 markets outside of the UK, including [...]
MPs say UK’s Covid restrictions on air travel were ‘disproportionate’ April 25, 2022 The UK government’s restrictions on air travel during Covid-19 were “disproportionate to the risks to public health” and led to a severe shock to the aviation sector, according to a Westminster committee. A new report from MPs on the Transport Committee also said the restrictions regime for international travel was “not transparent or consistent, nor [...]
Macron wins second term as president, projections show April 24, 2022 Emmanuel Macron has secured a second term as president of France after securing 58 per cent of votes, projections have revealed.
Rishi Sunak to host major City figures at £10,000-a-table Tory fundraiser April 24, 2022 Rishi Sunak will host City heavyweights at a £10,000-a-table Tory fundraiser next week as he tries to court new major donors for the party. Investment banker and Conservative party treasurer Malik Karim has organised the event, which will see the chancellor as guest of honour. Sky News reports that the event will be held at [...]
Top banks left holding Russian stocks after indexing firms give them the boot April 24, 2022 Some of the world’s top lenders have been left holding potentially valuable Russian stocks after FTSE Russell and MSCI booted Russian firms off their indexes, forcing banks to shift clients' holdings onto their own books.
Revolut overhauls Ukraine refugee scheme after customers ‘exploit’ referral fees April 24, 2022 Fintech giant Revolut has been forced to overhaul a scheme offering free accounts to Ukrainian refugees after it was exploited by customers.
Exclusive: Labour takes seven-point lead in new City A.M. poll April 24, 2022 Labour has taken a seven-point lead over the Conservatives in a new poll, with key local elections just weeks away. Forty per cent of people said they would vote for Labour in the next General Election in a BMG Research/City A.M. poll, while the Conservatives polled 33 per cent and the Liberal Democrats eight per [...]
THG boss’s holding firm takes £18m loan from local Council April 24, 2022 The billionaire boss of beleaguered e-commerce firm THG has taken an £18m loan from Warrington Council, with his firm Moulding Capital now sitting as the council’s biggest credit exposure.
