Tag: In Business

Jan 24

Sir Len Blavatnik pumps $827m more into DAZN as sports streamer chases billion-user goal

Sir Len Blavatnik, Britain’s second-richest man, has injected an additional $827 million into DAZN — the self-styled “Netflix of sports” — despite the London-based streaming service recording widening losses. The billionaire’s latest funding, delivered in 2023 through his investment group Access Industries, brings his total backing for DAZN to more than $6.7 billion since its […]
Jan 23

Government-backed train ticket website set to shake up the market — but not until 2026

A new government-backed train ticket retailer is to be launched online, the Department for Transport (DfT) has announced, with the aim of consolidating UK rail fares into a single digital platform. However, the service will only go live once Great British Railways (GBR) — the new body charged with running the UK’s rail network — […]
Jan 23

Unpaid internships lock out working-class graduates from top careers, warns Sutton Trust

Employers offering unpaid or low-paid internships are blocking working-class and disadvantaged young people from the best career paths, according to new research by the Sutton Trust. The social mobility charity found that internships, often essential for securing jobs in industries such as finance and IT, are taken up mainly by middle-class graduates with parental or […]
Jan 11

New tax checks on side hustles like eBay and Vinted risk confusion over different reporting periods

HM Revenue & Customs is ramping up its scrutiny of “side hustle” earnings, requiring online platforms such as eBay, Vinted and Airbnb to submit information on users’ incomes for 2024 by the end of this month. However, concerns have been raised that the discrepancy between the UK tax year (April to April) and the OECD’s […]