Rightmove has acquired a platform that displays reviews of property developments by residents for £8m. HomeViews Platform has been snapped up by the London-listed property portal while its chief executive, Rory Cramer, will continue in his role. The London-based company refers to itself as the UK’s biggest community of verified resident reviews of property developments […]
Net profits at Ferrari exceeded €1bn (£853.7m) for the first time in its history in 2023, the Italian supercar maker’s chief executive has announced. In a statement, Benedetto Vigna said it had been a “very successful year, during which we strengthened our brand through a number of achievements reflected in our unprecedented financial results.” “For […]
The Bank of England has held interest rates at 5.25% in a decision that saw its rate-setting body split three ways. The Bank admitted it had discussed cutting borrowing costs, with inflation – which measures the pace of price rises – set to fall quickly this year. Bank chief Andrew Bailey said it would wait […]
Large businesses are leasing more office space in London than they were two years ago, despite several high-profile instances of corporate downsizing. HSBC, the bank, and Clifford Chance, the “magic circle” law firm, are among those that have announced moves to much smaller offices in recent months. Nevertheless, even including those changes, the net area […]
A major new independent review into addressing and overcoming the inequality faced by disabled-led businesses has been launched with backing from the UK Government. Disabled entrepreneurs currently account for an estimated 25% of the nation’s 5.5million small businesses but represent only 8.6% of total small business turnover. Small Business Britain estimates suggest that levelling up […]
Elon Musk said Tesla would move “immediately” to hold a shareholder vote to switch the electric carmaker’s state of incorporation to Texas after a court in Delaware voided his $56 billion pay package. The billionaire said the public vote in a poll he posted on X was “unequivocally in favour of Texas!”. In the poll […]
The UK’s Investment Association (IA) has warned investors about the risks of using ‘trading bots’ to make investment decisions. Speaking to the BBC John Allan, head of innovation and operations at the IA said investors should be more cautious about using AI. “Investment is something that’s very serious, it affects people and their long-term life […]
Microsoft beat Wall Street’s forecasts for second-quarter revenue as new artificial intelligence features helped to attract customers to its Cloud and Windows services. Revenue rose by 18 per cent to a record $62 billion in the three months to the end of December compared with an average estimate from analysts of $61.12 billion. Revenue at […]
A venture capital firm backed by Sir Richard Branson has raised $250 million to invest in technology businesses in Britain, the United States and the Nordic region. The fund will base its global headquarters in London and has brought in Lord Browne of Madingley, the former BP chief executive, David Miliband, the former foreign secretary, […]
Post-Brexit controls on food, plant and animal imports to Britain from the EU have come into force. Health certificates will now be required on EU goods ranging from cut flowers, to fresh produce including meat, fruit and vegetables. Some industry bodies raised concerns the rules could cause delays and push up costs, but others said […]