Debt repayments, staff shortages and rising energy bills have pushed almost two-thirds of the UK’s top 100 restaurants into the red, according to research that reveals the impact of the pandemic, Brexit and the cost of living crisis on the hospitality sector. With a recession looming and further increases in energy bills weighing on businesses, […]
A growing number of charities are sending fundraisers door to door to capitalise on the rise in people working from home. Sign-ups for direct debit donations are expected to double pre-pandemic numbers this year, according to the Chartered Institute of Fundraising. VSO (Voluntary Service Overseas) and Oxfam are among the high-profile charities to have relaunched […]
Small businesses are bringing forward their finance applications in order to beat expected further interest rate rises, according to new research. Four-in-ten (44%) SME leaders expect to bring forward their finance plans in response to the prospect of further rate hikes. It follows the Bank of England’s decision to raise the base rate to 1.75%, […]
The world’s richest man Elon Musk has been urged to construct a Tesla plant in North East England, after the electric vehicle giant revealed ambitions to build a dozen new factories worldwide. Ben Houchen, the Conservative Mayor for Tees Valley, wrote to Mr Musk on Friday calling on the Tesla billionaire to build a plant […]
Crypto companies have spent $2.4bn (£1.9bn) globally over the last year and a half on sports sponsorships as they splurge on marketing. Major crypto firms have signed deals with big athletes, sporting franchises, and leagues as they seek to rival the marketing prowess of non-crypto brands, according to Bloomberg. Crypto exchange Binance has signed with […]
Article content MUMBAI — India’s NTPC Ltd plans to raise funds by selling commercial papers maturing in three months, three merchant bankers said on Monday. The state-run power company will offer a yield of 5.79% on this issue, and it has received commitments worth around 15 billion rupees ($188.41 million), they said. The notes are […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Florence Tan Article content SINGAPORE — Oil prices bounced higher from multi-month lows on Monday as investors’ appetite improved following data on U.S. jobs and Chinese exports data that eased recession concerns. Brent crude futures had risen 81 cents, or 0.9%, to $95.73 a barrel […]
Article content TOKYO — Japan’s Nikkei index ended at a more than four-month high on Monday, as investors scooped up stocks that reported robust outlook, while caution ahead of the release of U.S. consumer prices report limited gains. The Nikkei share average rose 0.26% to 28,249.24, its highest close since March 29. The index, which […]