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Latest News:

  • Raleigh owner Accell Group enters insolvency proceedings
  • More than 100 companies added to Global Talent visa host list
  • Citigroup chief ‘worried’ by 48% UK bank tax rate
  • Healey draws up plans to borrow extra £9bn a year for asset stakes
  • Disney signs deal to let TikTok creators use its film and TV clips
  • More than 120 MPs and peers call for urgent student loan review
  • TfL licenses robotaxis for supervised Uber trips in London
  • Saudi-led consortium completes $55bn EA takeover
  • Bank of England staff worked nearly 13,000 days overseas, FOI data shows
  • Amazon tops $3trn as AWS sales grow 36.7 per cent

Category: News

The latest news affecting small and medium sized (SME) businesses in the UK

Accell Group, the Dutch owner of Raleigh bicycles, has entered court-supervised insolvency proceedings in the Netherlands after takeover talks collapsed, while Accell UK and Ireland has filed a notice of intention to appoint administrators.

Raleigh owner Accell Group enters insolvency proceedings

7 August 2026 Finance, News Amy Ingham

Accell Group, the Dutch owner of Raleigh bikes, has entered insolvency proceedings, with its UK and Ireland arm moving to appoint administrators.

China's largest car manufacturer SAIC Motor says it will build its first factory in Europe, after sales of its vehicles on the continent jumped.

More than 100 companies added to Global Talent visa host list

7 August 2026 News Amy Ingham

The Global Talent visa has been expanded to let more than 100 UK research businesses, including AstraZeneca and JLR, host international researchers.

More than 1,000 British jobs are under threat at Citigroup as the American bank announced it would cut 20,000 staff worldwide.

Citigroup chief ‘worried’ by 48% UK bank tax rate

6 August 2026 Finance, News Amy Ingham

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.

John Healey's £9bn borrowing plan would fund stakes in infrastructure, housing and business through mayors, with analysts weighing the market impact.

Healey draws up plans to borrow extra £9bn a year for asset stakes

6 August 2026 Finance, News Jamie Young

John Healey’s £9bn borrowing plan would fund stakes in infrastructure, housing and business through mayors, with analysts weighing the market impact.

Disney and TikTok have agreed a content-sharing deal that will allow creators to use clips from Disney films and television programmes in their videos, the two companies announced on Wednesday.

Disney signs deal to let TikTok creators use its film and TV clips

6 August 2026 AI, Marketing, News Jamie Young

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.

Recent state legislation is reshaping the rights of transgender students in education, creating legal conflicts between institutional policies and government mandates.

More than 120 MPs and peers call for urgent student loan review

6 August 2026 Finance, News Amy Ingham

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.

Transport for London has granted private hire vehicle licences to a fleet of autonomous cars using technology from British firm Wayve, on the condition that a qualified human driver is present and remains responsible for the vehicle. Journeys could begin later this year.

TfL licenses robotaxis for supervised Uber trips in London

6 August 2026 AI, News Amy Ingham

London robotaxis are a step closer after TfL granted private hire licences to Wayve-powered Uber vehicles, with supervised journeys due later this year.

Electronic Arts said on Tuesday that its acquisition by Saudi Arabia's Public Investment Fund, Silver Lake and Affinity Partners had closed, valuing the games publisher at about $55bn (£41bn). Shareholders receive $210 in cash for each share.

Saudi-led consortium completes $55bn EA takeover

5 August 20265 August 2026 Get Funded, News Amy Ingham

The $55bn EA takeover by Saudi Arabia’s Public Investment Fund, Silver Lake and Affinity Partners has closed, taking the games publisher off Nasdaq.

The Bank of England is expected to reduce interest rates significantly faster than financial markets currently anticipate, according to new forecasts from Goldman Sachs.

Bank of England staff worked nearly 13,000 days overseas, FOI data shows

5 August 2026 News Jamie Young

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.

Jeff Bezos has thrown his weight behind one of Cambridge's most closely watched artificial intelligence ventures, joining a $400 million fundraising that values materials-discovery specialist CuspAI at $2.6 billion.

Amazon tops $3trn as AWS sales grow 36.7 per cent

5 August 2026 AI, Get Funded, News, Technology Amy Ingham

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.

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.

Aston Martin lenders threaten legal action over £550m HPS deal

5 August 2026 Get Funded, News Paul Jones

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 reported revenue of $7.8 billion for the second quarter, up 92 per cent on the same period a year earlier, in its first earnings report since its June flotation. The figure was ahead of analysts' average estimate of $6.8 billion.

SpaceX revenue up 92% to $7.8bn in first results since float

5 August 2026 AI, Get Funded, News Amy Ingham

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.

The Court of Appeal has refused campaigners permission to challenge the government's approval of a two-runway operation at Gatwick Airport, clearing the way for the £2.2bn Northern Runway project to move into design and delivery.

Court of Appeal blocks challenge to £2.2bn Gatwick expansion

4 August 2026 News Amy Ingham 0 Comments

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.

The UK economy would shrink by 0.2 per cent in 2027 if the Strait of Hormuz remains closed until next spring, with inflation more than doubling to 6.4 per cent by the end of this year, according to EY's latest UK Economic Outlook.

EY: UK faces recession in 2027 if Strait of Hormuz stays shut

4 August 2026 Finance, News Jamie Young 0 Comments

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.

Claire Coutinho, the shadow energy secretary, called on Monday for the Government to clarify whether Michael Shanks, the energy minister, misled Parliament over the state of Britain's electricity grid during June's heatwave, after leaked documents from the National Energy System Operator recorded five constraint breaches on the transmission network on June 23.

Energy minister accused of misleading MPs over grid safety limits

4 August 2026 News Paul Jones 0 Comments

Energy minister Michael Shanks faces claims he misled MPs over the June 23 grid incident, after leaked Neso documents recorded five constraint breaches.

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Latest Content

Accell Group, the Dutch owner of Raleigh bicycles, has entered court-supervised insolvency proceedings in the Netherlands after takeover talks collapsed, while Accell UK and Ireland has filed a notice of intention to appoint administrators.

Raleigh owner Accell Group enters insolvency proceedings

Accell Group, the Dutch owner of Raleigh bikes, has entered insolvency proceedings, with its UK and Ireland arm moving to appoint administrators.

More than 100 companies added to Global Talent visa host list

Spotify passes 300 million premium subscribers as revenue rises 14%

Citigroup chief ‘worried’ by 48% UK bank tax rate

Healey draws up plans to borrow extra £9bn a year for asset stakes

Disney signs deal to let TikTok creators use its film and TV clips

Job creation to replace net zero in £90bn public contract scoring

More than 120 MPs and peers call for urgent student loan review

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