A windfall tax on energy companies is likely to be extended next month after Shell said it been given a tax rebate from the government despite making profits of $30 billion so far this year. Rishi Sunak acknowledged that the levy had not deterred investment as critics had feared and Jeremy Hunt, the chancellor, is […]
Profits at Lloyds Banking Group tumbled 26% in the three months to September as the UK’s largest mortgage lender steeled itself for a potential surge in defaults as it predicted house prices would fall 8% next year. The drop in profits was much larger than the 9.5% analysts had expected, and was the result of […]
Forterro, a European provider of software solutions to more than 11,000 small and midsized industrial companies, has announced its CEO Dean Forbes, has been named one of the three most influential Black people in Britain. In The Powerlist 2023, published by Powerful Media in partnership with J.P Morgan, Forbes is second on the list. He […]
Eyebrows were raised in Brussels after the first minister launched her economic paper last Monday in which she committed to rejoining the EU without binding to the euro insisting it was not “the right option for Scotland”. The first minister offered no timetable for re-entry but her deputy John Swinney later said he believed Scotland […]
TechTalent, an AI-driven EdTech business, has announced it will be creating 150 new tech jobs in the West Midlands. The 150 jobs will be created in collaboration with both small and large businesses operating across a range of sectors in the region. As it continues to build its strong working relationships with companies that have […]
Chinese cities from Wuhan in central China to Xining in the north-west are doubling down on Covid-19 curbs, sealing up buildings, locking down districts and throwing millions into distress in a scramble to halt widening outbreaks. China on Thursday reported a third straight day of more than 1,000 new Covid cases nationwide, a modest tally […]
Elon Musk paid a visit to Twitter’s headquarters ahead of an end-of-week deadline to close his deal to buy the company, posting a video of himself in the company’s San Francisco lobby carrying a sink. “Entering Twitter HQ – let that sink in!” he tweeted on Wednesday. Entering Twitter HQ – let that sink in! […]
Britain’s plan to become a post-Brexit “science and technology superpower” has suffered a significant setback after a fall in research and development investment of almost a fifth since 2014, according to a report. The Institute for Public Policy Research said the UK’s share of global investment in R&D projects – including in health and life […]
A new report by MPs on the Business, Energy and Industrial Strategy Committee has called on the Government to push forward with a draft Digital Markets Bill that would allow regulators to take a more proactive approach to curbing big tech dominance. The bill would enshrine the Competition and Markets Authority’s (CMA) Digital Markets Unit (DMU) […]
The Business Banking Resolution Service (BBRS) has successfully obtained Complaint Handler membership of the Ombudsman Association (OA). The BBRS is a not-for-profit, free, dispute resolution service for SMEs who have claims against their banks. Its membership of the OA was awarded following a review of the service covering areas such as independence, accessibility, openness, transparency […]