Accell Group, the Dutch owner of Raleigh bikes, has entered insolvency proceedings, with its UK and Ireland arm moving to appoint administrators.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
More than 100 companies added to Global Talent visa host list
The Global Talent visa has been expanded to let more than 100 UK research businesses, including AstraZeneca and JLR, host international researchers.
Citigroup chief ‘worried’ by 48% UK bank tax rate
Citigroup chief Jane Fraser warns that UK bank taxes of about 48 per cent, against 27 per cent in New York, could jeopardise investment in London.
Healey draws up plans to borrow extra £9bn a year for asset stakes
John Healey’s £9bn borrowing plan would fund stakes in infrastructure, housing and business through mayors, with analysts weighing the market impact.
Disney signs deal to let TikTok creators use its film and TV clips
The Disney TikTok deal will let creators use clips from films and shows including Star Wars and Marvel, launching in the US before other countries.
More than 120 MPs and peers call for urgent student loan review
Student loan repayment rules face fresh scrutiny as more than 120 MPs and peers urge Chancellor John Healey to order an urgent review of the system.
TfL licenses robotaxis for supervised Uber trips in London
London robotaxis are a step closer after TfL granted private hire licences to Wayve-powered Uber vehicles, with supervised journeys due later this year.
Saudi-led consortium completes $55bn EA takeover
The $55bn EA takeover by Saudi Arabia’s Public Investment Fund, Silver Lake and Affinity Partners has closed, taking the games publisher off Nasdaq.
Bank of England staff worked nearly 13,000 days overseas, FOI data shows
More than 1,000 staff used the Bank of England working from abroad policy for 12,889 days in total, freedom of information data released this week shows.
Amazon tops $3trn as AWS sales grow 36.7 per cent
Amazon’s market value topped $3 trillion on Monday after second-quarter results showed AWS sales up 36.7 per cent and a raised capital spending forecast.
Aston Martin lenders threaten legal action over £550m HPS deal
Creditors owed £1.3bn have told Aston Martin they may sue to unwind its £550m HPS financing and block the transfer of branding rights to Authentic Brands.
SpaceX revenue up 92% to $7.8bn in first results since float
SpaceX results for the second quarter show revenue up 92 per cent to $7.8bn, ahead of forecasts, with shares falling 6.9 per cent in after-hours trading.
Court of Appeal blocks challenge to £2.2bn Gatwick expansion
Court of Appeal refuses campaigners permission to challenge the Gatwick expansion ruling, clearing the £2.2bn Northern Runway project to proceed to design and delivery.
EY: UK faces recession in 2027 if Strait of Hormuz stays shut
UK recession risk returns to the forecasts as EY models what a closed Strait of Hormuz would do to inflation, growth and interest rates into 2027.
Energy minister accused of misleading MPs over grid safety limits
Energy minister Michael Shanks faces claims he misled MPs over the June 23 grid incident, after leaked Neso documents recorded five constraint breaches.
