Dyson, the household appliance maker, has won a battle in the European courts over the way vacuum cleaners’ energy efficiency is labelled.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Supermarkets cut petrol prices by up to 2p per litre
Four supermarkets have announced petrol price cuts of up to 2p per litre as Asda, Morrisons, Sainsbury’s and Tesco make the move as fuel retailers are accused of not passing on savings from lower wholesale costs.
HSBC bank confirms US data breach
HSBC has said some of its US customers’ bank accounts were hacked in October.
Lloyds to swing the axe on over 6,000 jobs in digital push
Lloyds Banking Group has confirmed it is to axe 6,240 jobs as part of a digital overhaul.
Bank of England sees sharp fall in households’ borrowing for car finance
Consumer credit growth weakened in September amid a sharp fall in new borrowing for car finance, according to the Bank of England.
Crest Nicholson blames Brexit as it warns over profits
The group warned annual profits will now come in at around £170m to £190m, down from £207m the previous year.
UK workers struggling to maintain work life balance
Three quarters of UK employees like to keep their work and home lives very separate despite this almost a third don’t feel that they have a good work-life balance in their current role.
Hammond announces plans for interest-free loans
As the 2018 budget is announced by the Chancellor of the Exchequer, Phillip Hammond, some new developments come to light.
Energy price cap to come into force on January 1
Britain’s energy price cap to protect 11 million households on rip-off gas and electricity tariffs will come into force on January 1, saving consumers up to £120 each.
Jaguar Land Rover’s InMotion fund invests in worlds most advanced electric bike
InMotion Ventures, Jaguar Land Rover’s venture capital fund, has announced its investment in the world’s first fully-electric motorcycle
New occupational pension schemes given green light by the Government
Ministers plan to bring forward collective defined contribution pensions which pool workers’ investments into one pot.
More tricks than treats for retailers in October, report finds
In October, UK retail sales increased by 0.1% on a like-for-like basis from October 2017, the BRC–KPMG retail sales monitor has said.
UK businesses now owe £3bn in unpaid VAT to HMRC
There has been a 22% rise in the value of unpaid VAT owed to HMRC by UK businesses, to £3bn in 2017/18, up from £2.48bn the previous year.
Scottish Michelin tyre factory closes with loss of 850 jobs
Michelin is to close its tyre factory in Dundee, with the loss of about 850 jobs, confirming that it would leave the city by 2020.
Tories should attack PM rather than civil servants, former mandarins say
Tory Brexiteers have been told to “concentrate their fire” on Theresa May instead of her officials by former Whitehall mandarins as tensions over talks with the EU mount.
















