Bankman-Fried trial continues: ‘Listen to the question, and answer the question directly’ October 30, 2023 Sam Bankman-Fried was back for his second day in front of the jury today, continuing his questioning by lead defence counsel Mark Cohen.
Are UK restaurants struggling to ‘keep their heads above water?’ October 30, 2023 A combination of "pressures" could be to blame for struggling UK restaurants, noted associate director at Mazars Paul Maloney.
Mark Kleinman: WPP takeover rumours, CBI secrecy and the flight of the Tories October 26, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
British Steel preparing to cut up to 2,000 jobs October 22, 2023 British Steel is preparing to cut as many as 2,000 jobs as the firm struggles under a £30m a month running loss, according to reports first published in The Times. The Chinese-owned company is undergoing plans to overhaul operations as it is reportedly running between a £20m and £30m monthly loss. It is also aiming [...]
Wiggle’s future uncertain as parent company seizes funding October 22, 2023 The future of Wiggle could be on the line after its parent company’s decision to terminate a €150m (£130m) lifeline to its sports division last week caused a series of concerns within the umbrella of subsidiaries. Signa Holdings’s decision to terminate the funding to Signa Sports United (SSU), which was announced last Monday, soon led [...]
UK remains world’s third largest crypto economy, and biggest in Europe October 18, 2023 A Chainalysis update shows the UK remains the world's third largest digital asset economy, and the biggest throughout Europe.
Those who lost jobs in Carillion deserve answers, GMB says, as execs avoid trial October 17, 2023 Questions circulate around why the Government had invested "substantial" amounts of money into a Carillion trial that was dropped last week.
Insolvencies will keep rising for ‘foreseeable future’ under burden of Bank’s high interest rates October 13, 2023 Insolvencies climbed 17 per cent on last year in September as companies struggled under the burden of the Bank of England's interest rate hikes.
LCF ‘censured’ over minibonds as City watchdog looks to turn page on ‘unjustifiable’ scandal October 11, 2023 The FCA has censured LCF over its minibonds promotions but watchdog admits move won't provide solace to those duped by misleading promotions
Metro Bank fundraise averts immediate threat – but what next? October 9, 2023 Metro Bank's emergency capital raise has reassured investors for the moment, but analysts warned the bank needed to develop a more convincing investment case if it is to survive.