Rightmove has acquired a platform that displays reviews of property developments by residents for £8m.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Record year for Ferrari sees supercar maker profits race past one billion euro milestone
Net profits at Ferrari exceeded €1bn (£853.7m) for the first time in its history in 2023, the Italian supercar maker’s chief executive has announced.
Bank of England holds interest rate at 5.25% as policymakers are split over decision
The Bank of England has held interest rates at 5.25% in a decision that saw its rate-setting body split three ways.
Large businesses take more space in London
Large businesses are leasing more office space in London than they were two years ago, despite several high-profile instances of corporate downsizing.
‘Lilac Review” launched to level up disabled entrepreneurship
A major new independent review into addressing and overcoming the inequality faced by disabled-led businesses has been launched with backing from the UK Government.
Tesla to vote ‘immediately’ on move to Texas as Musk’s $56bn pay deal is blocked
Elon Musk said Tesla would move “immediately” to hold a shareholder vote to switch the electric carmaker’s state of incorporation to Texas after a court in Delaware voided his $56 billion pay package.
UK’s Investment Association warns of ‘trading bot’ risk to investors
The UK’s Investment Association (IA) has warned investors about the risks of using ‘trading bots’ to make investment decisions.
AI drives up Microsoft revenues to record $62BN
Microsoft beat Wall Street’s forecasts for second-quarter revenue as new artificial intelligence features helped to attract customers to its Cloud and Windows services.
Branson backed VC firm raises £250M to back technology start-ups
A venture capital firm backed by Sir Richard Branson has raised $250 million to invest in technology businesses in Britain, the United States and the Nordic region.
Post-Brexit controls on food and farm imports from EU have begun
Post-Brexit controls on food, plant and animal imports to Britain from the EU have come into force.
HSBC fined £57.4m for customer deposit protection failings
HSBC has been fined £57.4m by the Bank of England for “serious failings” over its measures to protect customer deposits.
Amazon-iRobot deal scrapped after EU competition challenge
Amazon is scrapping its planned takeover of vacuum maker iRobot following opposition from EU competition authorities.
Industry leaders debate AI impact in Parliament
Leaders from the fintech industry gathered in Parliament last night to discuss the challenges and opportunities of the increased use of Artificial Intelligence (AI) in businesses across the UK.
Scrapping VAT-free shopping for tourists costs UK £11bn
The government’s decision to scrap VAT-free shopping for tourists is costing the economy £11.1 billion in lost GDP and deterring about two million foreign visitors each year, according to an analysis by the Centre for Economics and Business Research (CEBR).
Sotheby’s reports near-record $7.9bn in sales as covid sales boost continues
Sotheby’s sold a near-record of almost $8bn (£6.3bn) of art and other collectables last year, including a Pablo Picasso masterpiece of his “golden muse” that fetched $139m.
