The private equity investor Greybull Capital is considering a bid for the collapsed battery startup Britishvolt, as administrators at EY try to push through a sale of the gigafactory project. The investment firm was approached by EY because of its history in investing in distressed industrial companies, according to a person with knowledge of the […]
British Steel, the Chinese-owned operator of the giant Scunthorpe steelworks, is planning to lay off 800 workers, about a quarter of the workforce. The news comes in the middle of negotiations between ministers and Jingye, the Chinese steel company that was gifted British Steel by the Official Receiver just before the economy locked down in […]
Meta Platforms, owner of Facebook and Instagram, reassured Wall Street that its sales were holding up better than feared last night after its profits more than halved in the past quarter. The world’s largest social media business said revenues may return to growth this quarter, allaying worries over its prospects as advertisers batten down the […]
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC Breadcrumb Trail Links News Economy Quarter point hike lifts rate between 4.5% and 4.75% The U.S. Federal Reserve made its interest rate […]
Tech Nation, the government-backed agency that has helped 5,000 technology companies to develop and grow, is closing its doors at the end of March, saying that it cannot continue without government funding. Launched in 2011 by then prime minister David Cameron, Tech Nation said it had decided its operations were not viable without the core […]
The number of mortgages approved for house purchases fell at the end of last year to the lowest level since the financial crisis, outside of the pandemic, in early signs of a slowdown in the housing market that is expected to reduce prices. Mortgage approvals were down 23 per cent month-on-month to 35,600 in December […]
Barclays plans to launch a string of “banking pods” after recently announcing more branch closures. The bank said it will expand its “flexible banking formats” in response to changing customer needs. The plans include the launch of new banking pods, which will be purpose-built, semi-permanent structures in locations such as shopping centres and retail parks. […]
Lidl has revealed plans to invest £4bn into British food businesses this year, as it charges ahead with growth plans. Lidl GB, the British arm of the German retail group, said it would accelerate the spending plans it announced in 2019. Lidl GB had committed to a £15bn investment in the British food industry between […]
The Wakelet Microsoft 365 Children’s Parliament backed by The Express, is proud to announce that James Caan CBE, the former Chairman of the UK Government’s Start-up Loans Scheme and former Chairman of The Big Issue, will be joining the organisation as its Enterprise Ambassador. Mr. Caan will be meeting with 7-11 year old children in […]
The Bank of England is poised to raise interest rates for the 10th time in succession when its policymakers meet this week in a further squeeze on the finances of mortgage holders and businesses. Financial markets expect a 0.5 percentage point increase in the central bank’s base rate to 4%, its highest level since the […]