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Latest News:

  • Call blocker firm fined £190,000 for making the nuisance calls it claimed to stop
  • Burnham’s business rates adviser called for £9bn tax cut for high streets
  • Colman’s Mustard put up for sale as Unilever clears path for £48bn McCormick merger
  • Britain’s 240 crypto millionaires revealed in first HMRC cryptoasset tax data
  • EY urges junior staff back to the office as AI puts a premium on human skills
  • Young investors trust AI more than TV, radio or influencers, FCA finds
  • UK business confidence rebounds but firms want policy certainty first
  • Balcony solar panels reach UK shelves with promise of £110 a year off bills
  • Applied Nutrition closes in on £1bn valuation after raising guidance for third time this year
  • One of Britain’s oldest family firms to save £250,000 a year as energy scheme opens to forges

Category: News

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

Christian Horner, the team principal of Oracle Red Bull Racing, awaits a crucial interview on Friday regarding allegations of controlling behavior.

Red Bull Team Principal Faces Uncertain Future Amid Allegations as New Car Unveiling Approaches

9 February 2024 News Business Matters 0 Comments

Christian Horner, the team principal of Oracle Red Bull Racing, awaits a crucial interview on Friday regarding allegations of controlling behavior.

Barclays UK has announced the acquisition of Tesco Bank's retail banking business for an initial sum of £600 million, marking a significant move in the financial landscape.

Barclays UK buys Tesco Bank’s retail banking arm for £600M

9 February 2024 News Business Matters 0 Comments

Barclays UK has announced the acquisition of Tesco Bank’s retail banking business for an initial sum of £600 million.

Nestled in the picturesque landscapes of Yorkshire, where rolling hills meet quaint villages, the Yorkshire Soap Company exudes the essence of British charm and artisanal craftsmanship.

Made in Britain: Yorkshire Soap Company, handcrafted luxury inspired by the Yorkshire countryside

8 February 20242 August 2026 News Business Matters 0 Comments

Nestled in the picturesque landscapes of Yorkshire, where rolling hills meet quaint villages, the Yorkshire Soap Company exudes the essence of British charm and artisanal craftsmanship.

HS2 construction site at Curzon Street in Birmingham

Mayors Burnham and Street Unite on Cost-Effective Alternatives to Scrapped HS2 Northern Section

8 February 2024 News Business Matters 0 Comments

In a notable collaboration, Andy Burnham, the Labour mayor of Greater Manchester, and Andy Street, the Tory mayor of the West Midlands, have come together to present alternative plans for the abandoned section of HS2, emphasising that inaction is not viable.

Sir Keir Starmer opened his conference speech by warning that the Conservatives have crashed the pound and lost control of the economy.

Labour ditches £28bn green investment pledge

8 February 20247 February 2024 News Business Matters 0 Comments

The Labour Party has announced its decision to abandon its commitment to spend £28 billion annually on its green investment plan

A growing number of social ventures are emerging from universities, aiming to make a real difference to communities across London and further afield.

UK government announces £100m to support AI regulation

7 February 2024 News, Technology Business Matters 0 Comments

The UK government has announced £100m to support ‘more agile’ AI regulation.

For those thinking of selling a business, the prospect of valuation may seem daunting. There are several different ways to approach valuing a business, all of which will depend on the unique circumstances and characteristics of each individual business.

Valuing your business for sale? The key methods to consider

7 February 2024 News Business Matters 0 Comments

For those thinking of selling a business, the prospect of valuation may seem daunting. There are several different ways to approach valuing a business, all of which will depend on the unique circumstances and characteristics of each individual business.

Insiders have revealed that the HS2 Phase Two project, the high-speed rail line from Birmingham to Manchester, is expected to be cancelled.

Parliamentary Report Criticises HS2 Northern Leg Cancellation Raising Operational Concerns

7 February 20247 February 2024 News Business Matters 0 Comments

A scathing report from parliament’s spending watchdog has raised “urgent unanswered questions” regarding the cancellation of the northern leg of HS2, criticising the government’s understanding of the high-speed railway’s future operations.

Virgin Money closures

Virgin Money and TSB planning more job cuts

7 February 2024 News Business Matters 0 Comments

Two prominent British high street lenders, Virgin Money and TSB, have raised concerns about potential job losses, with Virgin Money indicating that more roles may be cut following the recent shedding of 150 employees, while TSB plans to eliminate around 300 positions.

Spotify, the leading streaming platform, recorded an operating loss of €75 million in the final quarter of last year.

Spotify Reports Operating Loss in Q4 Despite Subscriber Growth

7 February 2024 News Business Matters 0 Comments

Spotify, the leading streaming platform, recorded an operating loss of €75 million in the final quarter of last year.

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/5d5d783e-b803-4602-ad36-fb7bd0a608ad UK chancellor Jeremy Hunt has said he will consider selling the government’s remaining shares in NatWest to the general public in the next 12 months as part of his Autumn Statement on Wednesday. The Treasury still owns 39 per cent of the UK high street bank as the result of a £45.5bn bailout of the lender during the financial crisis in 2008, when it was known as Royal Bank of Scotland. The government has steadily reduced its stake from a peak of 84 per cent but is unlikely to ever recover the full value. “It’s time to get Sid investing again,” Hunt said, referring to an advertising campaign used to promote a privatisation drive by Margaret Thatcher’s government in the 1980s. The ubiquitous “Tell Sid” adverts encouraged taxpayers to buy discounted shares in the £5.6bn flotation of British Gas in 1986, which they did by attaching a cheque to a newspaper coupon. Hunt said the NatWest plan was “subject to market conditions and achieving value for money” and that the government wanted to fully exit its investment in 2025 or 2026. However, NatWest shares have performed poorly this year, shedding 25 per cent due to disappointing earnings and the departure of chief executive Dame Alison Rose in the wake of a campaign by Nigel Farage. The former UK Independence and Brexit party leader revealed in July that he had been cut off by NatWest’s private banking arm, Coutts, in part because its reputation risk committee decided that his political views did not align with its values. NatWest shares dropped about 1 per cent to 205p after Hunt’s speech. The stock trades at a steep 50 per cent discount to the book value of the bank’s assets. “We welcome the government’s continued commitment to returning NatWest to private ownership and believe this is in the best interests of the bank and our shareholders,” NatWest said. Since its 2008 rescue, NatWest has closed most of the international and investment banking operations that led to its bailout and it is now primarily a high-street retail and business lender. It rebranded from RBS in 2020 to break with the toxic legacy. This is not the first time a Conservative government has floated the idea of selling a bailed-out bank’s stock to the public. In 2015, then-chancellor George Osborne said in an election manifesto that the remaining 9 per cent stake in Lloyds Banking Group would be sold to the public, only to withdraw the offer a year later.

‘Tell Sid’ NatWest sale to start in June

7 February 2024 News Business Matters 0 Comments

A government initiative reminiscent of the famed “Tell Sid” campaign could soon see NatWest shares made available to the public, with plans potentially taking shape as early as June, according to an official from the entity managing the state’s nearly £7 billion stake in the bank.

Barratt Developments has sealed a monumental £2.5 billion deal to acquire Redrow, propelling itself to the forefront as the nation's largest housebuilder.

Barratt to buy Redrow in a £2.5Bn deal

7 February 2024 News Business Matters 0 Comments

Barratt Developments has sealed a monumental £2.5 billion deal to acquire Redrow, propelling itself to the forefront as the nation’s largest housebuilder.

The government's energy secretary, Claire Coutinho, is facing a revolt from her climate minister, Graham Stuart, and senior officials over her decision to abandon plans for a "boiler tax" intended to promote the adoption of heat pumps.

Rishi Sunak faces revolt over scrapped boiler tax aimed at heat pump uptake

7 February 20247 February 2024 News Business Matters 0 Comments

The government’s energy secretary, Claire Coutinho, is facing a revolt from her climate minister, Graham Stuart, and senior officials over her decision to abandon plans for a “boiler tax” intended to promote the adoption of heat pumps.

The Confederation of British Industry (CBI), one of the UK's most influential business advocacy groups, has reached a settlement in a legal dispute with its former leader, Tony Danker.

CBI Settles Legal Dispute with Former Leader Tony Danker

6 February 2024 News Business Matters 0 Comments

The Confederation of British Industry (CBI), one of the UK’s most influential business advocacy groups, has reached a settlement in a legal dispute with its former leader, Tony Danker.

post office

Post Office minister exploring new ownership structures handing ownership to workers

6 February 2024 News Business Matters 0 Comments

In a pivotal move for the future of the UK’s postal service, Kevin Hollinrake, the Post Office minister, is slated to engage in discussions regarding potential shifts in ownership structure.

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Latest Content

Foreign Spam Calls

Call blocker firm fined £190,000 for making the nuisance calls it claimed to stop

A company that sold devices promising to protect elderly people from nuisance calls has been fined £190,000 by the ICO for making more than 758,000 of them itself, every one to a number registered with the Telephone Preference Service.

Burnham’s business rates adviser called for £9bn tax cut for high streets

Colman’s Mustard put up for sale as Unilever clears path for £48bn McCormick merger

Karl D’Angelo Santa Rosa: Building Success Through Change

Why Private Health Insurance Has Never Mattered More to UK Employees

Britain’s 240 crypto millionaires revealed in first HMRC cryptoasset tax data

EY urges junior staff back to the office as AI puts a premium on human skills

Young investors trust AI more than TV, radio or influencers, FCA finds

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