Britain’s biggest car maker, Jaguar Land Rover (JLR) has reported heavy losses due to Brexit uncertainty and slower demand in China.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Blood on UK high streets as 400 jobs are lost per day lost every day
After a torrid 2018 for Britain’s beleaguered high streets, traditional bricks-and-mortar retailers continue to feel the strain.
Ban zero-hours contracts that exploit workers, says TUC
People on zero-hour contracts are more than twice as likely to work night shifts, and are paid a third less an hour than other workers, the TUC says.
RBS staff to share £335m bonuses after second annual profit in a row
Royal Bank of Scotland (RBS) will next week hand out a £335m bonus pot to staff as it reports its second consecutive annual profit since being rescued by taxpayers.
Government announces plans for tougher jail terms for mismanaging pension funds
Company bosses could face up to seven years in prison if they mismanage employee pension schemes, says Work and Pensions Secretary Amber Rudd.
Mike Ashley cancels Patisserie Valerie bid as KPMG say £15M bid too low
Mike Ashley’s Sports Direct has cancelled a bid for collapsed cafe chain Patisserie Valerie, just two days after making an offer.
700,000 missed tax deadline facing hefty fines unless they act now
700,000 people missed the self-assessment tax deadline – facing the prospect of racking up hundreds of pounds worth of fines new research suggests.
Seaborne Freight Ramsgate no-deal ferry contract scrapped
A controversial ferry contract awarded to a company with no ships as part of no-deal Brexit plans has been scrapped, the government has said.
Sir Philip Green ‘paid employee £1m over harassment claims’
Sir Philip Green paid a female employee more than £1m to keep quiet after she accused him of kissing and groping her.
Sainsbury’s-Asda merger faces crunch competition decision
A key decision that could reshape the UK’s supermarket sector is due shortly, with Sainsbury’s and Asda waiting to hear if their proposed merger can go ahead.
Sports Direct’s Mike Ashley bids for Patisserie Valerie cafe chain
Mike Ashley’s Sports Direct has made a bid for cafe chain Patisserie Valerie, which collapsed into administration last month.
Energy prices set to rise for millions as Ofgem increases cap
More than half of British households are set to see an increase in the cost of energy in April after the regulator, Ofgem, raised price caps.
Government calls for change as female business founders receive just 1% of start-up funding
Leading female entrepreneurs and MPs have called on Britain’s top tech investors to give their backing to more female business founders after women took home close to 1p in every £1 of all start-up funding last year.
£3bn is sitting unused in apprenticeship levy accounts
More than £3bn in apprenticeship levy funding in England remains untouched, as organisations use only 14 per cent of available funding.
Administrators receive a number of offers for Patisserie Valerie
Collapsed bakery chain Patisserie Valerie has attracted offers for the business, according to its administrators.
