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Government recoups £74m from asylum accommodation firms amid criticism over ‘chaotic’ hotel contracts
MPs urge Reeves to raise gambling taxes despite industry ‘scaremongering’
UK invests £14m in new quantum projects to boost health, defence and transport innovation
ITV confirms talks with Sky over £1.6bn sale of TV channels and ITVX in landmark broadcasting shake-up
Elon Musk on track to become world’s first trillionaire after Tesla shareholders approve $1tn pay deal
Bank of England holds interest rates at 4% as Rachel Reeves’ Budget looms
Wealthy investors pour record sums into offshore bonds amid rising UK tax burden
Ex-John Lewis boss warns UK faces £85bn sickness bill and economic crisis
Carmakers warn company car tax shake-up will cost Treasury £500m
AI firm Stability AI wins High Court case against Getty Images over copyright claims

Making your mark this Christmas

December 16, 2009
In Business
Business Matters

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The UK government has recovered £74m from firms accused of making excessive profits from asylum accommodation contracts worth £2.1bn, after MPs condemned the Home Office for its ‘chaotic and costly’ management of migrant housing.

MPs urge Reeves to raise gambling taxes despite industry ‘scaremongering’

UK invests £14m in new quantum projects to boost health, defence and transport innovation

ITV confirms talks with Sky over £1.6bn sale of TV channels and ITVX in landmark broadcasting shake-up

Elon Musk on track to become world’s first trillionaire after Tesla shareholders approve $1tn pay deal

Entrepreneur Focus…

Paul Raymond’s granddaughters receive £23m as Soho Estates profits surge

Fawn and India Rose James, the granddaughters of late property and publishing magnate Paul Raymond, have received £23 million in dividends from the family’s billion-pound Soho property empire following another record year of rental income.

Steven Bartlett, the entrepreneur and Diary of a CEO host, has revealed his business empire has been valued at $425 million (£320 million) following a major eight-figure investment — a deal that cements his position as one of the richest entrepreneurs ever to appear on Dragons’ Den.

Steven Bartlett’s fortune soars as new $425m valuation cements his status among richest Dragons

Entrepreneur and podcaster Steven Bartlett’s holding company, Steven.com, has been valued at $425m (£320m) after securing major new backing — making him one of the wealthiest Dragons’ Den investors ever.