The UK’s premier business entity has cautioned the government that the ramifications of Brexit are still causing distress to firms, urging immediate action to enhance relations with the EU. In a missive addressed to Chancellor Jeremy Hunt ahead of his budget presentation on March 6th, the British Chambers of Commerce (BCC) underscored that recent positive […]
Nigel Farage has issued a stern warning to NatWest’s new CEO, Paul Thwaite, threatening legal action unless the bank resolves an ongoing compensation claim with him. Farage took to social media, specifically X (formerly Twitter), last night to express his discontent, stating that unless NatWest engages in a “sensible conversation,” he will make a public […]
Global investors distanced themselves from purportedly ‘ethical’ funds last year, pulling out over $10 billion amidst allegations of greenwashing. Between 2020 and 2022, investors poured six times more capital into funds purportedly supporting companies with high ethical, social, and governance (ESG) standards compared to traditional equities. However, the tide turned against the sector last year, […]
The Garrick Club, renowned for its longstanding all-male membership policy, has ousted a member who advocated for the inclusion of women. Colin Brough, a former theatre producer and a member for four decades, faced expulsion on grounds of “conduct unbecoming of a gentleman” after he vocally campaigned for the admission of women, reportedly sending a […]
Charlotte Tilbury, the renowned British beauty brand, is making waves in the world of motorsport by becoming the first female-founded brand to sponsor the F1 Academy. This groundbreaking partnership aims to support female drivers and promote gender diversity in Formula 1. The F1 Academy, a new initiative by Formula 1 designed to nurture and develop […]
NatWest Group has disclosed its most substantial yearly profit since the period just preceding the financial crisis in 2007. The banking conglomerate revealed a pre-tax profit of £6.2bn for the year 2023, surpassing expectations. Additionally, it announced the appointment of Paul Thwaite as its permanent chief executive. Thwaite succeeds Dame Alison Rose, who resigned the […]
Food and beverage vendors on Amazon are sounding alarm bells over the looming threat of bankruptcy, all stemming from the ecommerce titan’s decision to withhold their funds until they can substantiate their VAT status. Despite furnishing Amazon with evidence confirming their UK-based operations, numerous sellers find themselves ensnared in what they describe as a “Kafkaesque” […]
Scottish salmon was today named as the UK’s top food export in 2023, following the publication of annual HMRC figures. Sales of the nutritious fish grown in the waters off the Highlands and islands increased by 0.5 per cent to £581 million in the calendar year – equivalent to £1.6 million every day. France once […]
Article content Shopify Inc. reported sales and profit for the fourth quarter that narrowly beat analysts’ estimates, but that didn’t impress Wall Street after the stock more than doubled last year. Revenue for the period rose 24 per cent to US$2.1 billion, beating the US$2.08 billion average estimate of analysts surveyed by Bloomberg. Profit, excluding […]
Aston Martin is currently in discussions with bankers regarding the management of its substantial £1.1bn debt burden, confirmed Lawrence Stroll, the company’s executive chairman. In an interview with Bloomberg Television, Stroll stated, “We are currently in deliberation with our bankers to determine the most appropriate course of action.” He added, “Naturally, we will approach this […]