A producer of honey-based products including craft gins has revealed plans to call in administrators after failing to secure long-term funding and a sale of the business. Oxfordshire-based British Honey Company (BHC), best known for its Keepr’s and Two Birds brands, said its shares on the Aquis exchange had been suspended pending the formal appointment […]
Snoop, the moneysaving app set up by the former boss of Virgin Money, is exploring a sale after receiving a series of unsolicited takeover approaches. Sky News has learnt that Snoop’s founder, Dame Jayne-Anne Gadhia, is working with bankers at Rothschild on plans to raise new capital or sell the company outright. Snoop was launched […]
Chancellor Jeremy Hunt has backed the Bank of England to prioritise tackling inflation, despite concerns rapid increases in interest rates have contributed to recent volatility in the banking sector. The Bank’s Monetary Policy Committee meets this week amid speculation it may pause its recent trajectory of raising rates when it announces its decision on Thursday. […]
A key group of Brexit-supporting Conservative MPs are yet to say whether they will vote for Rishi Sunak’s Brexit deal. Parliament will vote tomorrow on the so-called Stormont brake – a key part of the prime minister’s Windsor Framework agreement that would allow the Northern Ireland Assembly to reject new incoming EU rules. European Research […]
More UK sectors reported an increase in output than at any time in the past 10 months in February, as stronger demand and weaker cost inflation drove activity, according to the Lloyds Bank UK Sector Tracker. Of the 14 sectors monitored by the tracker, 11 saw output expand in February (vs. 6 in January) – […]
UK property transactions fell four per cent in February as the fall out from last September’s mini budget continued to drive down the UK’s housing market. Sales of residential property fell 18 per cent during the year with just 76,920 transaction across the UK, as buyers were forced to deal with higher borrowing costs as […]
SSE will invest £100m in the UK’s first pumped hydro storage scheme in 40 years in a bid to support the UK’s renewable energy transition. The project will take excess energy from the grid and use it to pump water 500m up a hill from Loch Lochy in the Scottish Highlands to a vast upper […]
Just Eat has been forced to slash 1,700 delivery driver jobs and 170 head office roles, after the service has seen a slow down in takeaway demand. The food delivery group, whose rivals include Deliveroo and Uber Eats, said the group was looking to improve efficiency and reduce costs. Just Eat, which has some 15,000 […]
Google has started rolling out its AI chatbot Bard, but it is only available to certain users and they have to be over the age of 18. Unlike its viral rival ChatGPT, it can access up-to-date information from the internet and has a “Google it” button which accesses search. It also namechecks its sources for […]