Mike Ashley’s Frasers Group has bought a £22m stake in the fashion group Boohoo as the high street retail tycoon makes a flurry of investments in online retail.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Overtime ban by Aslef train drivers to bring further rail disruption
The train drivers’ union Aslef has announced a week-long overtime ban at the start of July, which will further disrupt much of Britain’s railway.
Peloton’s lockdown boom looses momentum as UK sales slide
Sales at the UK arm of Peloton have fallen after the end of Covid restrictions put the brakes on the interactive exercise bike firm’s lockdown boom.
Banks prejudiced against SMEs new research finds
Nearly three quarters of SMEs say their bank actively discriminates against them in favour of larger companies, according to new research.
Government help for mortgage holders is being help ‘under review’, says Michael Gove
Help for people struggling with their mortgages is being kept “under review”, cabinet minister Michael Gove has said.
Rio Ferdinand hopes to score with DeliveryApp investment
Former professional footballer and current television pundit Rio Ferdinand has announced his investment in the Manchester-based tech platform, DeliveryApp, a move that signifies a huge milestone for the team and the business as a whole.
South East overtaken in race for regional investment
The North West of England and West Midlands overtook the South East as the top destinations for foreign investment outside London last year.
Airbus set to build new helicopters at British site
Airbus is promising Britain’s first new helicopter factory in decades, bringing hundreds of new jobs and billions of pounds of exports if the Ministry of Defence chooses it to build a new generation of helicopters to replace the UK’s ageing fleet of Pumas.
Two-year fixed rate mortgages rise to more than 6%
The average mortgage rate for a two-year fixed deal has risen to above 6 per cent, according to financial analysts.
Chancellor tells ministers to quicken adoption of AI to boost economy
Jeremy Hunt, the chancellor, has told ministers to step up work on seizing the opportunities of artificial intelligence in order to save money, boost Britain’s sluggish growth rate and reboot failing public services.
Student loan debt in England surpasses £200bn for first time
Outstanding student loans in England have surpassed £200bn for the first time – 20 years earlier than previous government forecasts, as the number of students at universities continues to outstrip expectations.
Jeremy Clarkson Triumphs in Car Park Expansion Dispute
Television personality Jeremy Clarkson, famed for his role on ‘Clarkson’s Farm’, has recently achieved a significant win concerning his Diddly Squat Farm.
Company insolvencies jump to new monthly high
Company insolvencies in England and Wales last month rose by 40 per cent year-on-year to the highest level since monthly records began in January 2019.
Branson’s Virgin Galactic commercial space flights to start this month
Sir Richard Branson’s space tourism company Virgin Galactic says it will launch its first commercial flight before the end of this month.
Food retailers spending up to £50,000 a year sending food waste to landfill
The average UK business is spending over £50,000 every year on sending food waste to landfill, however, recycling food waste could save food retail businesses up to £7,000 a year, according to new research.
















