Denise Coates, the billionaire boss of Bet365, is celebrating a £265 million pay day as the betting firm reported another year of bumper profits.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
First-time buyers save £426m in stamp duty after tax changes
First-time buyers have collectively saved around £426 million in stamp duty following a cut in the tax for those getting on the property ladder, HM Revenue and Customs figures show.
Marston’s brewing cautious approach to Brexit ‘uncertainty’
Pub group Marston’s is to cut back spending, free up cash and reduce debt this year as it prepares for political and economic “uncertainty”.
Government borrowing highest for three years in October
Government borrowing hit a three-year high in October after a steep rise in spending and a slowdown in tax receipt growth, according to official figures.
Ofgem proposes finance tests for new energy suppliers
New energy suppliers will have to show they have adequate financial resources and can meet customer service obligations under proposals by the regulator.
Ikea to cut 350 UK jobs amid global transformation plans
Ikea has said 350 of its employees in the UK are facing redundancy as part of its global transformation plan.
Babcock shares drop on profits fall and weaker nuclear outlook
Engineering group Babcock International has revealed a 64% plunge in half-year profits after charges linked to its overhaul and it warned over nuclear decommissioning revenues.
No quick fix at DIY firm Kingfisher as it plots exits
B&Q owner Kingfisher warned there was “no quick fix” to its problems as it posted a slump in sales at the DIY chain, and said that it will exit Russia, Spain and Portugal to focus on its core markets.
TalkTalk to relocate HQ and hundreds of staff to Salford
Telecoms group TalkTalk has confirmed plans to shift its headquarters from London to Salford in a move impacting hundreds of staff.
Renault keeps Ghosn as chief executive despite arrest in Japan
Renault says it has decided to retain chief executive Carlos Ghosn despite his arrest in Japan on allegations that he misused assets of partner Nissan and misreported his income.
Accountancy watchdog to probe Grant Thornton over Patisserie Valerie audits
The accountancy watchdog has launched an investigation into Grant Thornton’s audit of Patisserie Valerie, and will also probe the cake chain’s former finance chief Chris Marsh.
SME employment growth three times faster than larger businesses
UK SMEs have created three times more jobs over the past five years than larger businesses, according to the latest ONS data.
Black Friday spending expected to dip for first time
Black Friday spending is expected to dip for the first time since its arrival in the UK as retailers brace for the start of a fiercely competitive Christmas trading period.
Just 39% of people who have drawn up a will ‘plan to split assets equally’
Fewer than half of people who have drawn up a will plan to share out their assets equally between beneficiaries such as family members and friends.
Compass says Brexit plans better than no deal, amid food stockpiling fears
Global catering giant Compass has said Theresa May’s Brexit deal is “better than no deal”, as it revealed plans to begin stockpiling food if the UK looks on course to crash out of the EU.
The group, which is the world’s biggest catering firm, warned ..
