The UK will build its first new coalmine for three decades at Whitehaven in Cumbria, despite objections locally, across the UK and from around the world. Michael Gove, the levelling up secretary, gave the green light for the project on Wednesday, paving the way for an estimated investment of £165m that will create about 500 […]
eBay UK has announced the latest recipients of its Business Roadshow grants, aimed at helping small businesses to accelerate their growth. In total, 138 businesses have been awarded a combined £280,000 worth of cash grants and support packages, made available to small business applicants that attended eBay’s ongoing nationwide Business Roadshows. The announcement comes as […]
Twitter is under investigation by city officials in San Francisco following a complaint that the company allegedly converted rooms in its headquarters to sleeping quarters, an inquiry that has drawn scorn from Elon Musk. As of Monday, the office has “modest bedrooms featuring unmade mattresses, drab curtains and giant conference-room telepresence monitors” with four to […]
Investors in Moonpig headed for the exit yesterday after the online card and gift group cut its revenue forecast for the year as the cost of living crisis and Royal Mail strikes deterred consumers. In its half-year results, the FTSE 250 group said revenue for the year would be about £320 million, down from its […]
Investors pulled a net £1.02 billion from UK-focused funds in November, making it the second worst month on record, according to a study. They are shunning the UK because of fears that the recession may last longer than elsewhere, according to the fund flows data provider Calastone. In the past 18 months, a net £9.8 […]
When comparing to last year’s spending habits, over half of consumers are more likely to or are already using Buy Now Pay Later (BNPL) services, according to new research. The data reveals that a quarter of consumers, more conscious of their spending habits during the cost of living crisis, are more likely to use BNPL […]
December has been described as the most stressful month of 2022 by half of Brits. According to survey data from people analytics company, Visier, more than a third of Brits feel more stressed about the festive season this year when compared to last year, citing the cost of living crisis, being able to afford Christmas […]
Flexible office space provider, Canvas, has secured £2.5 million in debt finance from leading alternative finance provider, ThinCats, to accelerate growth and expand its property portfolio in strategic locations across London. Established in 2018 by founding partners, Yaron and Oren Rosenblum, Canvas focuses on sourcing and reviving buildings to create environments where people love to […]
UK technology businesses continued to overshadow their European counterparts this year when it came to value and investment levels, although both have fallen in the face of economic headwinds as the pandemic-fuelled boom has ground to a halt. In total, UK tech companies marked a drop in investment from $36 billion in 2021 to $27.9 […]
John Allan, the chairman of Tesco, will be among senior business leaders addressing a Labour Party business conference today. Almost 400 senior business leaders, executives and lobbyists are expected to attend the day-long conference at Canary Wharf in London’s Docklands. Labour politicians due to address them include Sir Keir Starmer, the party leader, Angela Rayner, […]