Huw Edwards emerged as the BBC’s highest-paid journalist last year, earning £480,000 despite being suspended for nine months. The annual report reveals that Edwards received a £40,000 pay rise, making him the corporation’s third-highest earner. Suspended in July 2023 over allegations of paying a young man for explicit images, Edwards did not resign until April, […]
Carpetright’s future has been partially secured through a rescue deal, but the move has resulted in the loss of over 1,000 jobs. Rival flooring retailer Tapi has purchased 54 out of 272 Carpetright stores and two warehouses through a pre-pack administration, which allows the selective acquisition of assets. This transaction has retained 308 staff members. […]
The UK Space Agency has awarded a £1.3 million Major Project grant to Orbit Fab under the National Space Innovation Programme, marking a significant step towards pioneering sustainable space operations. This funding will support the development of a high-pressure variant of the RAFTI (Rapidly Attachable Fuel Transfer Interface) refuelling port, slated for release in 2025. […]
Hammerson, a major player in the UK’s retail property sector, has sold its 40 per cent stake in Value Retail, the owner of Bicester Village and eight other high-end outlet shopping centres across Europe, to LVMH and its private equity arm, L Catterton, for £1.5 billion. This sale is part of a broader strategy to […]
Nadhim Zahawi, the former Conservative chancellor, is preparing a £600 million bid to acquire the Telegraph Media Group, which includes The Daily Telegraph, The Sunday Telegraph, and The Spectator magazine. According to Sky News, Zahawi is currently securing support from potential backers, including the Reuben family, noted stakeholders in Newcastle United FC. Zahawi’s bid comes […]
Chancellor Rachel Reeves is set to visit New York in early August to engage with top US investment firms, aiming to secure billions of pounds for UK projects. Her itinerary includes a private dinner with Stephen Schwarzman, chairman and CEO of Blackstone, the world’s leading commercial property investor, and a breakfast meeting with Wall Street […]
Business and Trade Secretary Jonathan Reynolds has announced over £100 million in government-industry funding to support pioneering green aerospace technology projects, marking the launch of the 2024 Farnborough Airshow. This initiative underscores the government’s commitment to championing aerospace and advanced manufacturing within its new Industrial Strategy. The funding, totalling just under £103 million, is delivered […]
More than half of Britain’s medium-sized companies are preparing to invest substantial sums to expand their operations over the next five years, according to a recent report by BDO, the accountancy and business advisory firm. The survey, which polled 500 companies with annual revenues ranging from £10 million to £300 million, revealed that 51% of […]
Fears of impending tax increases under a potential Labour government have spurred a significant surge in business sales, according to recent research. The number of mergers and acquisitions involving both public and private companies in Britain soared by 71% to 855 deals by the end of the first quarter, as reported by accountancy firm Lubbock […]
China posted a record trade surplus of $99 billion last month, the highest in over two decades, as it continued to drive export growth despite looming tariff threats from Donald Trump. Official trade data for June revealed an 8.6 per cent increase in export volumes, surpassing economists’ forecasts of 8 per cent and marking the […]