Concerns are growing over Asda’s financial stability as the UK supermarket giant faces a £900 million repayment to its former owner, Walmart, by 2028. The repayment, which includes £500 million for Walmart’s remaining stake and £400 million in interest, has prompted credit rating agency Fitch to warn of a potential overhaul of Asda’s capital structure. […]
Young professionals are leaving the UK in favour of sunnier climates and more favourable tax regimes in Southern Europe, according to Vlad Yatsenko, the billionaire co-founder and chief technology officer of digital banking giant Revolut. This trend, he warns, poses a significant challenge to Britain’s position as a global talent hub, particularly in the competitive […]
In a move set to captivate audiences across the nation, Lord Alan Sugar’s remarkable journey from modest beginnings to becoming one of the UK’s most prominent business figures is being adapted into a television drama series. The entrepreneur, famed for his role as the formidable host of The Apprentice, has secured a writer to bring […]
A construction industry awards event has sparked a sexism row after featuring female performers in skin-tight, builder-themed outfits, leading to widespread criticism and calls for change within the sector. On The Tools, an online community for builders, faced backlash when photos emerged from its recent awards ceremony showing women in tight-fitting costumes modeled on personal […]
House prices across the UK are higher than they were a year ago in every region and are forecasted to continue rising in 2025, despite potential dampening effects from recent budget changes. According to property search website Zoopla, average house prices have increased by 1.5 per cent over the past 12 months. A pronounced north-south […]
George Osborne has bolstered his personal fortune since leaving politics, as he joins a trio of investment bankers sharing a £30 million pot after record profits at Robey Warshaw, the influential City advisory firm where he works. Accounts for the Mayfair-based firm reveal that profits soared to £70 million in the 12 months ending March, […]
The UK’s Gambling Commission is preparing to settle a £200 million legal claim from media mogul Richard Desmond regarding the awarding of the National Lottery licence, aiming to resolve a dispute that has hindered technological upgrades. The UK’s gambling regulator is reportedly moving to settle a £200 million damages claim filed by media tycoon Richard […]
Article content MONTREAL — Air Canada is rolling out facial recognition technology at the gate, making it the first Canadian airline to deploy the software in a bid to make the boarding process smoother. Article content Starting on Tuesday, customers who board most domestic Air Canada flights at Vancouver International Airport will be able to […]
Conservative MP calls for increased investment in technology to reduce reliance on low-paid migrant workers, highlighting automation as a means to boost efficiency and lower net migration. Businesses should adopt more automation technologies instead of hiring low-paid migrant workers, according to Conservative MP Chris Philp. Speaking on BBC Breakfast, Philp emphasised the need for increased […]
UK consumer and business confidence declines as Labour’s tax-raising budget sparks concerns over hiring, rising costs, and economic growth prospects. UK consumers and businesses have grown more pessimistic about the state of the economy following Labour’s tax-raising budget, which has triggered concerns over hiring and escalating costs. Recent surveys indicate a decline in confidence among […]