Novo Nordisk, the maker of weight-loss drug Wegovy has become Europe’s most valuable firm, dethroning the French luxury conglomerate LVMH.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Government proposes changes to disability and illness benefits
People with disabilities could be given “more support” to work from home, under plans announced by the government.
TikTok opens datacentre in Dublin in bid to combat European privacy concerns
TikTok has begun shifting European citizens’ user data to a newly operational site in Dublin as it moves to address western politicians’ concerns about Chinese state influence over the company.
New car market accelerates by nearly a quarter in August
The new car market has entered a second year of growth after a strong rise in sales last month but retail demand has softened.
Port of Dover to reclaim land from sea to prevent queues when EU’s biometric border controls system starts
The Port of Dover wants to build out into the sea to avoid delays when the EU’s planned biometric border controls system starts.
B&M buys up to 51 stores from collapsed rival Wilko
Discount chain B&M has agreed to buy dozens of shops from the collapsed retailer Wilko, as talks over a bigger rescue deal hang in the balance.
Chancellor to set out Autumn Statement on November 22
Jeremy Hunt will set out his Autumn Statement on November 22, the Chancellor has told MPs.
Royal Mail hopes to end Saturday letter deliveries as Ofcom sees advice on potential £225m savings
Royal Mail is hoping to end Saturday letter deliveries after the postal regulator called for evidence on how its services might change as the popularity of paper post continues to fall.
Businesses representing over 1M employees urge Chancellor to restore VAT-free shopping
Today, leaders from the travel, retail and hospitality sectors have written to the Chancellor urging him to immediately restore VAT-free shopping for international tourists.
Tata Steel close to securing £500m funding from UK government to safeguard Port Talbot site
The government is in advanced talks with the country’s largest steel producer, Tata Steel, over a £500m package to secure its long-term future in the UK, according to reports.
Retailers demand reform of ‘broken’ business rates
Retailers have long demanded changes to the business rates system, which many regard as an unfair tax, out of step with modern shopping, but rarely has the clamour been as loud as it is today.
Multinationals companies pay £70m under tax crackdown
Foreign multinationals paid £70 million in additional tax in Britain last year amid a crackdown on international companies diverting profits to lower-tax jurisdictions.
UK business optimism at 18-month high as hope interest rate hikes will be paused
In recent times, UK businesses have exhibited the highest level of confidence since before the Russian invasion of Ukraine, according to a new survey.
Microsoft unbundles Teams from Office after EU threaten antitrust fine
Microsoft will unbundle Teams, the chat and video messaging app, from its Office software package in an effort to stave off a potential antitrust fine in the European Union.
HMV tycoon Doug Putman in last-ditch talks to rescue Wilko
The Canadian tycoon behind HMV was last night finalising a deal to buy the majority of Wilko, the collapsed British homewares retailer.
















