A Bank of England digital currency for the UK has moved a step closer after the chancellor Rishi Sunak announced a top-level taskforce to explore the benefits and risks of the idea.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Goldman Sachs invests £50M in Anne Boden founded Starling Bank
Starling Bank, the UK digital bank which is the fastest-growing bank for SMEs in Europe has received £50 million as an extension to the bank’s oversubscribed £272 million Series D funding round last month.
Billionaire Issa brothers who bought Asda for £7bn launch takeover bid for Caffe Nero’ – hours after agreeing £100m to buy restaurant chain Leon
The billionaire Issa brothers who recently bought Asda for £6.8billion are poised to make a takeover bid for struggling Caffe Nero after buying up the company’s debt.
Ocado makes £10M investment to develop autonomous vehicles
Ocado has announced that it has commercially partnered with Oxford based Oxbotica to collaborate on autonomous vehicles
Job centre workers ‘feel unsafe returning to work’ say unions
Many job centre workers currently do not feel safe about returning to the office due to continued concerns about the coronavirus, a union has claimed.
Revolut founder plans pathway to $10bn valuation with new investment round
The founder of Revolut is plotting a new fundraising that will value the company at more than $10bn (£7.2bn) and cement his status as one of Europe’s youngest fintech billionaires.
Bitcoin records biggest one-day drop in almost two months
Bitcoin has posted its biggest one-day drop in almost two months, amid warnings that novice investors could suffer heavy losses from speculating in crypto assets such as “meme coin” dogecoin.
Leon sold to Asda buying Isaa brothers in £100M deal
Leon has been sold for an estimated £100 million to the billionaire brothers who are buying Asda.
FTSE 100 rises above 7,000 for first time in over a year
The FTSE 100 rose above 7,000 this morning for the first time since the end of last February, shortly after the pandemic triggered sharp falls in global stock markets.
Vauxhall factory to shut within a year unless UK government offers stimulus deal
Vauxhall will stop producing the Astra at Ellesmere Port in Cheshire and close the plant completely in April next year unless the Government can incentivise it to build a new model at the site.
Welsh language plane announcements ‘risks safety’
A fresh row over the Welsh language has erupted after travel experts claimed flight safety was being put at risk by new mandatory announcements for pilots landing in Wales.
Dulux apologises after making fun of Spurs – immediately after being named as new sponsor
Dulux has apologised after making fun of Tottenham Hotspur – immediately after being signed as their new sponsor.
M&S take legal action against Aldi over Colin the Caterpillar trademark
Marks and Spencer has launched legal action against Aldi over a claim that the discount supermarket is infringing the trademark of its Colin the Caterpillar cake.
Naked Wines see huge boost from US consumers buying wine online
Naked Wines delivered forecast-beating full-year sales yesterday as the pandemic drove a sea-change in the willingness of American consumers to buy their wine online.
Translations and crypto are UK SMEs top concerns
Translation services and cryptocurrencies are the top priorities for UK SMEs as the country moves out of Brexit and national lockdown.
