In a bid to fortify supply chains and rejuvenate domestic manufacturing, UK firms are poised to inject a staggering £338 billion into re-industrialization initiatives over the next three years. Research conducted by professional services firm Capgemini reveals a substantial uptick in investment, reflecting a strategic shift towards bolstering national resilience and competitiveness. According to the […]
Hipgnosis, the renowned British music royalties investment fund boasting rights to hit songs by artists ranging from Beyoncé to Neil Young, has greenlit a $1.4bn takeover bid by Concord Chorus, a rival specializing in music and theatrical rights. The deal, offering a 32% premium to Hipgnosis shareholders, holds the potential to quell lingering uncertainty surrounding […]
AI-driven business finance comparison site, FundOnion, has announced plans to facilitate over £1 billion in funding to help up to 25,000 SMEs grow over the next four years. The plans come as the small business finance platform continues to work to consolidate what is a historically fragmented market for small business loans. It is estimated […]
The phrase ‘purpose-driven’ is thrown around in business parlance, but what does it mean and can it go hand-in-hand with growth and profitability? The two may sound mutually exclusive, with ‘profit’ in moral conflict with ‘purpose’. But they can, in fact, make a lucrative combination. A profitable business will be able to do more to […]
The UK’s rental market has witnessed an unprecedented surge in prices, with rents rising by a record 9.2% over the past 12 months, according to data from the Office for National Statistics (ONS). While this marks the highest annual percentage change recorded since 2015, experts anticipate a cooling trend in rental inflation as affordability concerns […]
Article content (Bloomberg) — Asian central banks’ need for assertive defense of their currencies is driving traders to turn less dovish on monetary policies in the region. Interest rate swaps for South Korea, Malaysia, and Thailand all jumped in recent weeks, a sign that traders are paring rate-cut expectations in those emerging markets. The Bloomberg […]
Article content (Bloomberg) — Oil held the largest decline in two months amid a slew of conflicting signals that ranged from rising stockpiles to tensions in the Middle East and the reimposition of US sanctions on Venezuelan crude. Global benchmark Brent traded below $88 a barrel after slumping by 3% on Wednesday, while West Texas […]
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Josh Boak Published Apr 17, 2024 • 2 minute read Article content WASHINGTON (AP) — The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips in New York and Idaho. […]