Brent crude has slid back to pre-Iran war levels as tankers return to the Strait of Hormuz, raising hopes of cheaper petrol and diesel for UK businesses and drivers.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Mone and Barrowman sued personally as liquidators chase PPE Medpro millions
Baroness Mone and Doug Barrowman are among six individuals and five companies sued by PPE Medpro’s liquidators as they try to claw back £122m owed to the government.
Elon Musk loses his trillionaire crown as SpaceX and Tesla shares slide
Elon Musk Net Worth Falls Below $1tn as SpaceX, Tesla Slide
Around $125bn of ships and cargo lie stranded in the Gulf as Hormuz crisis ushers in a ‘new maritime order’
Around $125bn of vessels and cargo is stranded in the Gulf as the Strait of Hormuz stays shut. Allianz warns of a “new maritime order” and higher risk premiums.
Next prime minister ‘must back business, not tax it’, warns chambers chief
British Chambers of Commerce boss Shevaun Haviland tells the next prime minister to back firms, not tax them, warning that further levies would be a “road to ruin” for growth.
Apple lifts iPad and MacBook prices by up to 25% as AI memory crunch bites
Apple has lifted iPad and MacBook prices by as much as 25% after warning it can no longer absorb the soaring cost of memory chips driven by the AI data centre boom.
Stop pretending the EU’s new border system works, airports chief tells politicians
ACI Europe president Stefan Schulte says the EU’s Entry-Exit System is causing hours-long queues and missed flights, and warns of a “complete collapse” without an urgent rethink.
Oxford and UCL to lead £60m drive to make AI cheaper for British business
Oxford and UCL will share up to £60m in government funding to develop open-source, lower-cost AI that more UK businesses and public services can actually afford to run.
From feed to footfall: social media now drives 1.7 billion high street visits a year
New American Express research finds social media now drives 1.7 billion UK high street visits a year, with Gen Z leading a new ‘viral pilgrimage’ economy.
Manchester debt firm fined £300,000 for bombarding vulnerable people with 5.5 million spam texts and fake bailiff threats
The ICO has fined Manchester firm KRA Consultancy £300,000 for sending 5.5 million unlawful spam texts to people in debt, including fake bailiff threats. Here is what business owners need to know.
Worldpay outage leaves pubs and shops scrambling for cash during England match
Thousands of shoppers and football fans were forced back to notes and coins on Tuesday night after a power outage at Worldpay, one of the world’s largest payment processors, knocked out card transactions at pubs, supermarkets and restaurants across the country.
Brexit blamed as Britain’s £74bn goods export slump deepens its reliance on services
Britain has lost £74bn in goods exports since Brexit, the sharpest drop in the G7, casting doubt over Andy Burnham’s plan to reindustrialise the north.
Who could be the UK’s next chancellor?
With Andy Burnham poised to enter No 10, the race for chancellor is wide open. From Wes Streeting to Ed Miliband, here is who could run the Treasury, and what each would mean for your money.
Oracle sheds 21,000 jobs in a year as AI rewrites the payroll
Oracle has shed about 21,000 jobs in a year, blaming AI deployment across its operations, as restructuring costs jump to $1.8bn. What it means for tech hiring.
StubHub stung for nearly £900k as the CMA cracks down on hidden ticket fees
StubHub has been fined nearly £900,000 and ordered to refund more than 50,000 fans after the CMA found it hid mandatory ticket fees through illegal drip pricing.
