SMRs get a boost from Czechs taking a stake in Rolls-Royce vehicles
The Czech government has taken a small stake in the Rolls Royce SMR consortium. This consortium hopes to build and…
Yearly Archives
2024
The Mulberry crisis and the tycoons’ battle over its future
Mike Ashley's retirement from the board at his retail empire Frasers Group was never expected. After all, the man…
Bank of England Chief Economist warns against cutting interest rates too much
The Bank of England chief economist stated that interest rates should fall slowly and remain higher in the long…
Meta introduces a new AI model which can create video with sound
Meta (the owner of Facebook and Instagram) announced on Friday that it had developed a new artificial-intelligence…
The UK regulator has approved Barratt’s £2.5bn acquisition of Redrow
The UK's Competition Watchdog has given its approval to the £2.5bn purchase of Redrow by UK's largest housebuilder…
Bank of England Governor warns of Middle East Oil Shock Risk
Bank of England monitors the Middle East Crisis amid fears that a worsening warbetween Iran & Israel will make…
Entrepreneurs warn that capital gains tax will increase and cause a mass exodus
Stefano Vaccino gave a blunt appraisal of the risks involved in starting a new business. "As founders we left our…
Tate & Lyle ditches shareholder vote for planned £1.4bn takeover
Tate & Lyle is the latest company that has taken advantage of recent reforms to listing rules. It announced it…
US dockworkers suspend their strike to allow for discussions
Dockworkers in ports along the east and Gulf Coasts of America have agreed to resume cargo movement while they…
SSE delays Dogger Bank Wind Farm
The first phase of an ambitious project to build the largest wind farm in the world on British waters was pushed to…
Fear of Israeli attacks on Iran drives up oil prices
Oil prices reached their highest level in over a month, amid fears of retaliatory attacks by Israel on Iranian oil…
Andrew Bailey: Bank could be aggressive in cutting interest rates
Andrew Bailey said the Bank of England may become "a bit more aggressive" with its interest rate reductions if…
Starling should be investigated for pandemic cash says former minister
Former minister calls on government to investigate whether Starling Bank should "clawe back" money in light of…
Tesco increases profit forecast following shoppers’ spending spree
Tesco's boss claimed that consumers were "in good shape" and began to buy more expensive products before Christmas.…
Ford calls on Labour to put off electric car targets
Ford has urged the new Labour government in the UK to put an end to the ambitious sales targets set for electric…
Manufacturers say that the VAT on electric vehicles should be cut in half.
The motor industry urged the chancellor on Tuesday to reduce the VAT rate for new electric vehicles, as well as…
Markets most at risk from world conflict
Banks and investment firms are increasingly worried about geopolitical risk, according to the Bank of England. This…
AO World has agreed to purchase MusicMagpie for £10 Million
AO World has acquired a gadget seller that was valued at more than £200million by public market investors. The City…