Chinese electric vehicle battery manufacturer EVE Energy is reportedly in discussions to invest over £1 billion in constructing a massive new gigafactory on the outskirts of Coventry.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
EU to open investigations into Apple, Meta and Google
The EU has launched investigations into three tech giants—Alphabet (Google’s parent company), Meta (formerly Facebook), and Apple—over potential violations of the Digital Markets Act (DMA) introduced in 2022.
Theo Paphitis urges government to close tax loophole that helps fast fashion giants
Theo Paphitis, the retail tycoon behind brands like Ryman and Boux Avenue, has joined other British retailers in urging for a crackdown on a tax loophole exploited by Chinese retail giants such as Temu and Shein.
China accused of ‘malign attack’ after Electoral Commission hack
The British government is set to accuse China of launching a “malign attack” on the country’s democratic institutions following a cyberattack on the Electoral Commission.
Wetherspoon profits jump as Covid recovery continues
Wetherspoon, the pub chain, has experienced a significant surge in profits, marking an eightfold increase, as it continues its recovery from the Covid-19 pandemic.
Staff on sick leave at record highs in the workforce
A report from the Resolution Foundation suggests that the number of individuals exiting the workforce due to long-term sickness has reached its highest level since the 1990s.
Jeremy Hunt says £100,000 not a huge salary in Surrey
Chancellor Jeremy Hunt’s remarks about £100,000 not being a significant salary for residents in his Surrey constituency have sparked controversy and criticism.
Aston Martin poaches CEO from rival Bentley
Aston Martin has made a significant move by poaching the chief executive of rival Bentley to lead the London-listed carmaker, marking the third change in leadership within four years.
Bahrain’s Mumtalakat Holding Company Assumes Full Control of McLaren Group
Bahrain’s sovereign wealth fund, Mumtalakat Holding Company, has finalised a deal to become the sole shareholder of McLaren Group, marking a significant milestone in the journey of one of Britain’s most iconic automotive manufacturers.
Portsmouth’s £24M Brexit border could be demolished
Portsmouth International Port’s new £24 million border control post, built to handle post-Brexit border arrangements, may be demolished due to changes in border protocols rendering it commercially unviable.
£900,000 penalty for promoter of tax avoidance scheme
A tax avoidance promoter whose schemes were used by locum doctors and nurses faces a £900,000 penalty for failing to co-operate with HM Revenue & Customs.
Trump Faces Potential Windfall as Truth Social Enters Stock Market
Donald Trump, facing a substantial fraud fine, might find a lifeline in the stock market through Truth Social, his social media platform. The platform’s parent company, Trump Media, is set to go public following a merger with Digital World Acquisition Corp (DWAC).
Apple Faces Lawsuit by US Over Smartphone Market ‘Monopoly’
Apple finds itself embroiled in a legal battle with the US Justice Department, accused of leveraging the iPhone to establish a monopoly that drove up prices for consumers and stifled competition.
Retail sales stagnate as shoppers cut back on food
British shoppers tightened their belts on food spending last month, leading to a slowdown in retail sales growth following a strong start to the year.
Thousands of Waspi Women Owed Payouts for State Pension Age Change
Millions of women, primarily born in the 1950s, are entitled to compensation following the government’s failure to notify them adequately about changes to the state pension age, resulting in financial hardships for many, according to a significant new report.
