Atom Bank has pushed back its flotation by at least two years after tapping backers for another £30 million, giving it a post-deal valuation of £460 million.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Jeremy Clarkson: Brits “do not pay enough for their food”
Jeremy Clarkson has said that Britons “do not pay enough for their food”, while recounting an experience when he was battered by heavy rain as he tried to help pigs mate.
Riots break out at world’s biggest iPhone factory in China over Covid and pay
Protests have broken out at the world’s biggest iPhone factory in the Chinese city of Zhengzhou.
Openreach scales back UK ultrafast fibre broadband
Openreach is to limit its investment in the rollout of ultrafast fibre broadband as BT pushes forward with an intense cost-cutting scheme.
Twitter’s top advertisers leave en masse following Musk entrance
Twitter’s top advertisers are leaving the social media firm en masse, as Elon Musk’s grand plans scare away marketeers.
Bank of England Deputy Governor says he would consider case for cutting interest rates
A senior Bank of England policymaker has suggested that he could consider voting to cut UK interest rates, if growth and inflation are weaker than expected.
Made.com collapsed owing customers and creditors £187m
Made.com, the online furniture retailer, collapsed into administration owing customers £17.1 million, new documents have revealed.
Met Police to contact 70,000 potential victims after smashing London-based fraud ring
Detectives are warning 70,000 potential victims after at least £48 million was netted by criminals operating an online fraud factory.
Royal Mail workers and lecturers walk out as winter strikes begin
The first major wave of winter strikes begins today with lecturers, postal workers and teachers walking out amid the cost of living crisis.
UK finalises data deal with South Korea to help unlock millions in economic growth
Organisations will be able to transfer personal data securely to the Republic of Korea without restrictions by the end of the year following legislation
Borrowing rises less rapidly than expected despite energy cap bill
Government borrowing rose by less than expected last month, despite it spending extra billions on an energy price cap and covering its first losses from the Bank of England’s bond-buying scheme.
UK Export Finance commits up to £4bn to strengthen UK and Moroccan trade ties
UK Export Finance (UKEF) has today announced up to £4bn is now available for Moroccan buyers for projects in the region, provided at least 20% of the content is sourced from UK businesses.
UK’s digital services tax reaps almost £360m from US tech giants in first year
The digital services tax has reaped almost £360m from US tech giants including Amazon, Google and Apple in its first year, raising more from most of the digital businesses than they have been paying in UK corporation tax.
More UK rail strikes to disrupt travel in December and January
Rail passengers will face further disruption across Britain at Christmas after the RMT union announced a series of 48-hour strikes in December and January.
Shell weighs up £25bn UK spending pledge after Hunt toughens windfall tax
Shell has warned it could ditch its pledge to invest £25bn in the UK’s energy sector, after Chancellor Jeremy Hunt beefed up the windfall tax last week.
