Tesco may have to stop using a blue and yellow logo to promote its Clubcard loyalty scheme after the High Court ruled that it had infringed the trademark of Lidl, the German discounter. Judge Joanna Smith said in a written ruling that Britain’s biggest grocer had taken unfair advantage of its rival’s “distinctive reputation” for […]
More companies in England and Wales went bankrupt in March than at any point since monthly records began three years ago. With businesses struggling to pay rising billsand higher interest rates while the economy stagnates, the Insolvency Service said the number of corporate insolvencies jumped to 2,457 last month, up 16% on a year earlier […]
The Insolvency Service has disqualified 459 directors for abusing government support schemes during the pandemic. The directors have been banned from running companies for up to seven years and four months as part of an effort to punish those who misused taxpayer funds. The Insolvency Service also has pursued criminal proceedings against six directors over […]
Technology bosses accused the government of being “distracted” after the minister who was due to launch the long-delayed semiconductor strategy this week confirmed that he was considering running as mayor of London. Paul Scully, the minister for tech and the digital economy, was expected to outline the plan for the UK’s microchip industry at the […]
Some £177.6 million was lost to impersonation scams last year, with more than 45,000 cases reported, according to a finance industry trade body. UK Finance, which leads the Take Five campaign, highlighting the dangers of fraud, said there were 45,367 cases of this type of fraud in 2022. The figures were released during Take Five […]
Ineos Automotive, owned by the chemicals tycoon and Brexit-backing billionaire Sir Jim Ratcliffe, who is bidding to buy Manchester United, is to build its electric 4×4 at a factory in Graz, Austria. The electric version of its new Grenadier off-road vehicle will be developed with Magna International, a Canadian company that makes cars to the […]
Less than a week after abandoning its plan to split itself into separate audit and consulting businesses, EY has told staff it will cut 3,000 jobs in the United States to eliminate “overcapacity”. The redundancies, which will fall mainly on the consulting side of the firm, account for 5 per cent of its American workforce, […]
Most renewable electricity tariffs are greenwashing and will fail to help Britain meet its net-zero goal, the country’s third largest energy supplier said. Ovo Energy said it would ditch the certificates behind most green tariffs from May. The company cited a report it commissioned from the energy analyst Cornwall Insight, which found they did little […]
From today, Asda customers can have their shopping delivered by a Wayve self-driving vehicle in the UK’s largest autonomous grocery home shopping delivery trial. In partnership with Wayve, the year-long trial will give the supermarket the ability to autonomously deliver groceries to a catchment area of over 170,000 residents across 72,000 households in London. The […]
Twitter has launched a new platform to support writers move from micro-blogging to longer-form pieces, with posts of 10,000 characters permitted. The Elon Musk-owned social media giant announced the launch of Twitter Write on Friday, offering “improvements to the writing and reading experience” for users. “Starting today, Twitter now supports Tweets up to 10,000 characters […]