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British taxpayers are now shareholders in a further 65 companies because of a government rescue funding scheme set up during the Covid crisis – including a medical cannabis firm, a video game studio and a chain of bars offering activities like ping pong. A list published by the government’s development bank reveals an eclectic range […]
Twitter has rejected Elon Musk’s claims in court that he had legitimate reasons to back out of a $44bn deal to purchase the social media platform, marking the latest development in a dramatic legal showdown. In a filing made public on Thursday, Twitter called Musk’s arguments for abandoning the deal “a story, imagined in an […]
The number of people using WeWork’s offices is back to where it was before the pandemic, but the provider of shared offices remains heavily in the red. The American group’s occupancy rate — the percentage of its desks that are rented out — rose to 72 per cent between April and June, matching its pre-pandemic […]
Entrepreneur Feisal Nahaboo is set to swap boardroom deals for dealing justice on the big screen after teaming up with a leading British production company. Award-winning Shogun Films, named UK’s ‘Independent Film Production Company of the Year’, has agreed terms with entrepreneur Feisal Nahaboo—the founder of pharmacy group Alitam and accountancy firm Xeinadin— to feature […]
The UK’s construction output has fallen for the first time since last January, according to US analytics giant S&P Global. Despite healthy employment rates in the country, civil engineering and housing activity declined in July amid spiralling inflation which has hit raw materials, fuel and labour. Gareth Belsham, director of property consultancy and surveyors Naismiths, […]
MPs are set to scrutinise the Treasury’s plans to make the UK the “global home of crypto” in a fresh inquiry into the wider crypto and digital assets sector, launched today. The Crypto and Digital Assets All Party Parliamentary Group (APPG), chaired by Scottish National Party MP Lisa Cameron, announced the inquiry today and said […]
The UK’s top financial watchdog sounded the alarm over rising fraud rates today as scammers look to swoop on vulnerable consumers amidst a cost of living crunch. In a statement this morning, two Financial Conduct Authority chiefs said fraud rates were climbing across the board, with loan fee fraud – where scammers ask people to […]
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