The Bank of England will lend UK energy companies as much as £40bn to deal with soaring market prices amid fears of another wave of energy company collapses. Prime minister Liz Truss, on her third day in office, said she wanted to make sure energy companies have the cash they need to buy energy if […]
Rivian Automotive, the electric vehicle start-up backed by Amazon, has agreed to join forces with Mercedes-Benz and start building electric vans in Europe. The companies will make vehicles at a site in either Hungary, Poland or Romania after signing a memorandum of understanding. Mathias Geisen, the head of Mercedes-Benz Vans, said that they expected to […]
A managing director at a UK-wide security and cleaning company wants his employees to have job security … so he’s transferred ownership of the business to its workforce. Paul Cody founded security and cleaning company Britsafe 30 years ago which now employees 500 people nationwide. Rather than sell the company to a rival or risk it […]
This week we must pause and reflect upon the death of the greatest personal brand of them all, Her Majesty Queen Elizabeth II. She is the most famous, trusted face on the planet. Last year, The Express reported that the Queen’s brand is “greater than Nike, Ferrari and Pepsi” according to polling by TV producer […]
Hospitality bosses are warning that one in five businesses in the sector will not survive the current crisis and that hundreds of thousands of people will be left without jobs unless government support is received. Nearly 300 chief executives have signed an open letter asking the new chancellor, Kwasi Kwarteng, for “a plan that cuts […]
Some consumers are starting to trim spending in restaurants as worries about the cost of living mount, according to the boss of the company behind the Wagamama and the Frankie & Benny’s chains. Andy Hornby, the chief executive of The Restaurant Group, said that while people were continuing to eat out, there were early signs […]