Close Brothers hopes for better times ahead as it updates investors on a difficult 2023 September 25, 2023 Merchant banking group Close Brothers will be hoping to draw a line under a difficult year when it reveals its full year results on Thursday.
Airbus to expand UK workforce by 10 per cent in vote of confidence for aviation September 25, 2023 Airbus has announced plans to create another 1,100 jobs, in "a huge vote of confidence" for the UK economy.
London VC firm raises record $700m to fuel European tech September 25, 2023 London investment firm Dawn Capital has raised $700m (£572m) as it looks to nurture the tech talent and innovation blossoming across the continent. The venture capital (VC) firm’s $620m flagship fund, Dawn V, aims to support software startups with initial investments ranging from $10-$40m at Series A and B stages. It is the largest ever [...]
Long-term sickness prevents 2.5m people from working, report suggests September 25, 2023 Women, young men and people unable to work from home are more likely to suffer from long-term sickness which prevents them from working, according to a new report. One in 16 working-aged people in the UK – or around 2.5m – are “economically inactive” due to long-term sickness, the Society of Occupational Medicine (SOM) said. [...]
UK growth set to slow as economy experiences ‘renewed signs of stress’, KPMG warns September 25, 2023 The UK economy will “struggle to keep its head above water” for the remainder of this year as it is experiencing “renewed signs of stress,” KPMG warned today.
Reported cyber security breaches increase threefold for financial services firms September 25, 2023 Cyber security breaches for UK financial services firms have increased threefold from the years of 2021-2022 and 2022-2023, with the highest – reportedly – being in the pensions sector. New research by the international law firm RPC shows that the amount of reports of cyber security breaches to the Information Commissioners Office (ICO) has increased [...]
Sunak’s net zero pragmatism must include plan to beat nimbys after Sizewell C fiasco September 25, 2023 Government hopes of finally luring investors to proposed nuclear power plant Sizewell C were dealt a fresh blow last week.
Ofgem must speed up plans to protect customers, MPs warn September 25, 2023 MPs have criticised regulator Ofgem for being too slow at implementing changes in the energy sector to protect customers this winter.
British Business Bank says ‘social benefit’ is high as it swings to yearly loss September 25, 2023 The government-owned British Business Bank has said UK taxpayers will feel the long-term benefits of plugging billions of pounds into small firms after revealing it swung to a loss of more than £147m last year. The UK’s economic development bank said it was impacted by wider economic difficulties which led to a drop in the valuation of firms [...]
Why has US tech surged ahead of the UK? Naked ambition, says top investor September 25, 2023 The deep pockets of US investors are often touted as the fuel behind its world-dominating tech industry. But the real reason might be naked ambition, argues Oliver Holle, founder of pan-European investor Speedinvest.
