Apple will ditch the Lightning connector on its iPhones, the company has confirmed, after European regulators decided all smartphones should have USB charging as standard in two years’ time.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Lloyds profits squeezed as it braces for loan defaults amid rising interest rates
Lloyds Banking Group said its profits were squeezed in the three months to September as it braces for a wave of loan defaults amid soaring inflation and rising interest rates.
Government drags its feet with new digital markets bill
A new report by MPs on the Business, Energy and Industrial Strategy Committee has called on the Government to push forward with a draft Digital Markets Bill that would allow regulators to take a more proactive approach to curbing big tech dominance.
Business Banking Resolution Service announces Ombudsman Association membership
The Business Banking Resolution Service (BBRS) has successfully obtained Complaint Handler membership of the Ombudsman Association (OA).
Apple increases prices for music and TV for first time ever
Apple has hiked its prices for its music and TV services for the first time ever this week, perhaps signalling things to come for its biggest streaming rivals.
Top brewer warns average cost of a pint may now exceed £7
A top Brewer has said the average cost of a pint could cost reach £7 due to the cost of living.
Information commissioner warns firms over ‘emotional analysis’ technologies
The information commissioner has warned companies to steer clear of “emotional analysis” technologies or face fines, because of the “pseudoscientific” nature of the field.
CBI warns Rishi Sunak against ‘doom loop’ of public spending cuts
The head of the Confederation of British Industry has warned Rishi Sunak against pursuing an austerity “doom loop” of cuts to public spending and tax rises amid fears over a mixed outlook for the economy.
Alphabet third quarter results fall as giant struggles to compete with TikTok
Alphabet revenue fell below analysts’ expectations in the third quarter, it announced on Tuesday, as it continues to battle an industry-wide tech slowdown.
Made.com close to collapse as rescue talks end without buyer
Made.com has moved closer to collapsing into administration, after rescue talks to find a buyer for the struggling online furniture business failed.
Pound hits highest level since before mini-budget
The pound has hit its highest level since mid-September, as investors welcomed the appointment of Rishi Sunak as prime minister and the dollar fell.
Sunak makes hand out key roles: Hunt staying as chancellor and Shapps business secretary
After pledging to “fix the mistakes” made by Liz Truss, Sunak cleared out senior figures from his predecessor’s cabinet including Jacob Rees-Mogg, Brandon Lewis and Chloe Smith.
UK hospitality warns of ‘tidal wave’ of closures as crises loom
Britain’s hotels, restaurants and bars had high hopes that Liz Truss might act as prime minister to address crushing cost rises as they emerged from the Covid pandemic.
Stenn reaches $10 billion in SME financing as it enters next phase of growth
Stenn, the leading digital financing platform for global SMEs, has now deployed capital to the tune of $10 billion, helping businesses fulfil their ambitions by accelerating cashflows and facilitating growth.
UK banks pull half of first-time buyer friendly mortgages after mini-budget
The number of low-deposit 95% mortgages on sale has fallen by more than half since last month’s scrapped mini-budget, stoking fears that financial uncertainty could lead some banks to scrap the deals that are often the only way first-time buyers with small deposits can own a home.
