Luxury carmaker Bentley is capitalising on the growing trend among the globe’s wealthiest individuals who are choosing to invest hundreds of thousands of pounds in “levels of personalisation that we’ve never seen before,” according to company statements.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Crisis talks to save historic Derby rail plant from closure
Ministers engage in urgent discussions with Alstom to avert closure of Derby train manufacturing works, amid threats to move production abroad. Thousands of jobs hang in the balance
Education Secretary Challenges Big Firms’ Plea Over Apprentice Levy
In a recent development, Education Secretary Gillian Keegan has criticised large employers advocating for a shift in apprentice levy funds, highlighting potential repercussions for young apprenticeships. Here’s a breakdown of the situation and its implications for businesses.
Britain Set to Trial ‘Flying Taxis’ by 2026, Potentially Boosting UK Economy by £45bn
The UK is gearing up to trial its first electric flying taxis by 2026, a move that could see these futuristic modes of transport in regular use by the end of the decade, according to government sources.
Criminal fraud trial of UK tech tycoon Mike Lynch to begin today
The highly anticipated criminal fraud trial of Mike Lynch is set to commence in San Francisco today.
Recession Concerns Ease as Economic Growth Diversifies Across UK Sectors
In a positive turn of events, economic growth has become more widespread across the UK’s private sector, reaching a ten-month high in February.
‘Deepfake’ Music Start-up Voicify Faces Copyright Dispute
The UK music industry has initiated its first legal action against AI “deepfake” technology, targeting a start-up that produces songs emulating the voices of renowned musicians like Amy Winehouse, Rihanna, and Drake.
Naked Wines Seeks Debt Adviser Amid Share Price Decline
Naked Wines, the online wine retailer listed in London, has taken a strategic step by engaging debt advisers to explore potential refinancing solutions in response to challenging market conditions.
Government Warned Weak Heat Pump Uptake Hampers Emission Reduction Efforts
The government is facing censure from the National Audit Office (NAO) over insufficient progress in encouraging households to transition to clean heating, with uptake of heat pumps falling significantly short of expectations.
Post Office to be Excluded from Horizon Compensation Process, Minister Confirms
The Post Office will no longer be responsible for administering compensation for victims impacted by the flawed Horizon software.
Thames Water Lenders Enlist EY as Debt Deadline Nears
As the looming deadline for £190 million in debt owed by Kemble Water, the parent company of Thames Water, approaches, a consortium of lenders has taken proactive steps by engaging the services of EY, a leading accountancy firm, to guide them through the negotiation process.
Branson Trims Workforce at Virgin Group HQ
Sir Richard Branson’s Virgin Group is set to trim its workforce at its London headquarters as part of a consolidation effort involving two of his enterprises.
EU backs legislation against forced labour in supply chains
European Union countries have reached a consensus on a law mandating companies to ensure that their supply chains do not contribute to environmental degradation or exploit forced labour.
Lib Dems call for Biden-style tax on share buybacks and focus on beating Hunt & Gove in General Election
The Liberal Democrats are advocating for a new tax on share buybacks by large companies, echoing Joe Biden’s policy, as they gather for their spring conference in York.
FCA chief faces consumer backlash after signalling possible ‘end of free banking’
Nikhil Rathi, the chief executive of the Financial Conduct Authority (FCA), has sparked a backlash from consumers after indicating that the regulator would not intervene if banks opted to charge for current accounts.