Iconic British menswear brand, TM Lewin, is ‘Back to Business’ following its official online relaunch. Announced just six weeks after the heritage brand secured a rescue deal with TM Lewin Shirtmaker Limited, the new TM Lewin eCommerce site showcases the brand’s initial spring/summer range, with additional lines to be added in the coming weeks. Established […]
BT and Ericsson today announced a multi-million-pound new joint partnership to provide commercial 5G Private Networks for the UK market – the first agreement of its kind in the country. The telecommunications and technology firms have signed a multi-year contract that will enable BT to sell the next generation mobile network technology products to businesses […]
The UK battery startup Britishvolt has said it will invest more than £200m in a new facility in the West Midlands to test manufacturing methods that will be used at the factory is has planned for in Northumberland. The company will lease a site in Hams Hall, Warwickshire, from the warehouse developer Prologis, with equipment […]
Foreign direct investment in Britain rebounded last year from the lows recorded in the first year of the pandemic, but it remains below the levels of 2019. Investment in growing sectors such as technology and “wellbeing” rose, but Britain lags behind its European competitors in its share of the rising number of manufacturing projects, according […]
Consumer borrowing jumped in April after households turned to credit to fund their spending as the squeeze on incomes tightened, Bank of England figures show. There was a £1.4 billion rise in borrowing on consumer credit, which is made up mainly of spending on credit cards and personal loans, when compared with March. The figure […]
Administrators from Teneo were appointed on Monday after the company was issued with a winding-up petition by clothing suppliers who are owed millions of pounds. About 140 jobs are thought to be at risk with one source saying more than 80 people had immediately been made redundant. Boohoo, a larger online fashion specialist, had been […]
HMRC is now tracking 277 British businesses it suspects of using ‘tax havens’ to artificially reduce their tax bills in the UK, according to a City law firm. HMRC is concerned that some UK businesses are still avoiding tax in the UK by recording income in countries with zero or near-zero corporation tax. Countries traditionally […]
Graduates from the top 50 overseas universities can apply to come to Britain through a new visa scheme. Ministers hopes the “high potential individual” route, being launched today, will attract the “brightest and best” at the beginning of their careers. Successful applicants with a bachelor’s or master’s will be given a two-year work visa, while […]
Rising costs have created a “ticking timebomb” for UK small business owners, the chairman of the Federation of Small Businesses (FSB) has warned, with almost half a million firms at risk of going bust within weeks without a fresh wave of government support. While the FSB chairman, Martin McTague, applauded the chancellor Rishi Sunak’s latest […]
The extended Bank Holiday to mark the Queen’s platinum jubilee will give Britain’s small firms a much needed revenue boost. The closely-watched Barclays SME Barometer suggests three in five small business owners are expecting to see revenues higher this year than last, helped by an anticipated spending spree over the coming week. But around three […]