The owner of Clydesdale Bank and Yorkshire Bank, CYBG, has agreed to buy Virgin Money for £1.7bn.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Asian investment in the London real estate market hits record levels
The sales of two of London’s most iconic skyscrapers pushed overseas investors’ interests in central London offices to record levels last year, as buyers from the far East flocked to the capital.
Audi CEO Rupert Stadler arrested as part of diesel emissions investigations
The chief executive of German carmaker Audi, Rupert Stadler, has been arrested in connection with an investigation into the diesel emissions scandal.
David Dimbleby to leave BBC’s Question Time after 25 years in the chair
David Dimbleby is to step down as the host of the BBC’s Question Time after 25 years in the role.
Paris beats London as investors chosen location for first time in more than a decade
Paris has beaten London as the most attractive European city for investors for the first time in more than a decade, as Brexit fears begin to taint the UK capital, according to new report.
MPs set to publish report on HBOS ‘Reading fraud’
A cross-party group of MPs has said that it will publish a report on an alleged cover-up by Lloyds executives of fraud at acquisition target HBOSat the height of the financial crisis.
60 bank branches close every month new research finds
About 60 bank branches are closing every month with RBS shutting the most, consumer group Which? has warned.
Government urged to force action & end ‘the great insolvency scam’
A police commissioner has called on the Government to force regulators to stop turning a blind eye and take action to stem a multi-million-pound tide of company collapses and corporate fraud.
Simply Be & Jacamo owner N Brown contemplates closing all retail stores
The company behind the Simply Be and Jacamo clothing brands, N Brown, has said it is considering closing its 20 remaining shops and becoming a pure online retailer.
Royal wedding brings cheer to UK retailer sales
UK retail sales soared for the second month in row in May, beating expectations, thanks to the royal wedding and warmer weather.
Morgan Stanley CEO says bank will move up to 500 jobs from UK
Morgan Stanley Chief Executive Officer James Gorman said the bank expects to move 400 to 500 jobs out of the UK as the nation breaks from the European Union.
Rolls-Royce announces 4,600 job cuts with Derby base hardest hit
Engineering firm Rolls-Royce is to cut 4,600 jobs over the next two years as part of a major reorganisation.
Uber applies for patent to spot drunk passengers
Taxi app company Uber has applied for a patent to use artificial intelligence to determine how drunk potential passengers might be.
Ofcom to act on runaway 118 ‘directory enquiries’ call charges
The telecoms regulator Ofcom has announced it wants to cap the price of 118 directory enquiry calls at £3.10 for a 90 second call.
Wetherspoon to stop selling champagne & prosecco
JD Wetherspoon plans to replace champagne and prosecco with non-European Union sparkling wines.
