Crispin Odey suing Financial Times for £79m in libel damages, documents show December 30, 2024 Hedge fund manager Crispin Odey is seeking at least £79m in damages from the Financial Times (FT) after suing the publication for libel, documents filed at the High Court show. Odey began legal action against the FT in May over four articles published in 2023, which contained allegations that he had sexually assaulted multiple women. [...]
Only the most ‘robust and resilient’ will survive post-Budget blues December 10, 2024 Jennifer Sieg meets Joanna Jensen, serial entrepreneur and founder of family skincare brand Childs Farm, to discuss all things business, investment and start-up trends If you are not prepared to make big personal sacrifices to boost your returns or retain your staff, you might not want to start a business anytime soon. This is the [...]
Employment reforms need considerable thought to not ‘swamp business’ December 4, 2024 ELA urged Parliament that the Employment Bill needs "considerable..thought" to not to "swamp business" with costs or obligations.
9fin: Data start-up raises £40m for credit markets tech December 2, 2024 Financial data start-up 9fin has raised $50m (£39.3m) as it looks to grow a foothold in the market for debt and private capital research. The London-based fintech announced a Series B round led by growth capital investor Highland Europe. 9fin did not disclose at what valuation it had raised the money. It was reported a [...]
Non-doms: South Africa’s richest woman is fighting to stay in the UK November 18, 2024 When it comes to leaving countries in a hurry, Magda Wierzycka has plenty of experience. At just 12 years old, the South African entrepreneur and her parents fled their native Poland under the the cover of night, becoming refugees after its communist government declared martial law. Ending up in South Africa – via an Austrian [...]
Bolt faces potential £200m bill after losing workers right case November 8, 2024 Ride-hailing app Bolt lost a legal challenge over classing drivers as 'workers', as a Tribunal sided with the workers, opening the door to employment benefits.
Profit triples at Abercrombie & Fitch and Hollister owner October 28, 2024 Profit tripled at the business behind Abercrombie & Fitch and Hollister in the UK during its latest financial year as its sales passed the £200m mark. The London-headquartered division has reported a pre-tax profit of £9.8m for the 12 months to 3 February, 2024, according to newly-filed accounts with Companies House. The total comes after [...]
Fear of failure is holding British entrepreneurs back October 24, 2024 Too many aspiring UK entrepreneurs believe they are doomed to fail before even starting a business, a new report finds It takes great courage to start a business. Often, it means leaving a job with a guaranteed income, holiday allowances and welfare contributions. It is hardly unsurprising then that most people are afraid to make [...]
Let’s be honest… feel-good campaigns are ruining Britain October 17, 2024 Every government promises to cut red tape but ends up adding more. The only way to break the cycle is to stop listening to nice sounding arguments, says Matthew Lesh Google’s CEO Eric Schmidt did not mince words at this week’s International Investment Summit. “Maybe you need a minister of anti-regulation?” Schmidt said to Prime [...]
Workers’ rights bill is ‘most extensive reform to trade union rights since Thatcher’ October 11, 2024 There are 'extensive' reforms planned for Trade Unions in the new Employment Rights Bill, which includes giving unions 'greater freedom to organise'