Lloyds Banking Group is thought to be the frontrunner for Bank of America’s £7bn-valued UK credit card business.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
Ofcom rules BT/EE out of mobile broadband airwaves auction
Communications watchdog Ofcom has ruled that BT/EE will not be allowed to participate in once of its upcoming auctions for mobile broadband airwaves.
Facebook will hire extra 500 UK workers for new central London HQ
Highly skilled posts required for offices in Fitzrovia will help to increase company’s British workforce by 50 per cent.
Mitie issues profit warning as it reports £100m loss
Outsourcing firm Mitie has issued another profit warning as it faces fresh hits from economic uncertainty and rising staff costs.
Tesco chief warns brands not to make UK shoppers pay for weak pound
Dave Lewis says he accepts inflation is starting to raise prices but vows to fight unjustified hikes based only on currency fluctuations.
Brexit latest: Retail sales surge in October
Sales jump 1.9 per cent, boosted by cooler weather and Halloween.
Bupa snaps up dentistry group Oasis for £835m from private equity house
Private healthcare group Bupa has announced an £835m takeover of dentistry chain Oasis from a private equity group.
MPs call on government to cut air travel tax by 50%
MPs are urging the government to halve air passenger duty in next week’s Autumn Statement, saying the tax hampers post-Brexit Britain’s ability to trade outside Europe.
The number of searches for flights to the US plummeted after Donald Trump was elected president
Whether or not US president-elect Donald Trump’s wall will prevent people from coming into America, his negative image abroad already has. Since the election results were announced 9 November, demand for flights to the US dropped globally.
Staples brand to disappear from UK High Streets
The UK High Street is losing another brand following the sale of Staples, the stationery specialist, to a restructuring company.
Retail sales surge in October
Sales jump 1.9 per cent, boosted by cooler weather and Halloween
Britain is the easiest country in the G20 for paying business taxes
Britain is getting better at collecting business taxes, making life easier for companies – as well as improving the process for raising government revenues.
Snapchat ‘files for stock market float’
Snap, the parent company of messaging app Snapchat, has filed to list on the US stock market, according to several reports.
Amazon and Morrisons partner to launch same day delivery service
The online retail giant’s tie-up with Morrisons began in June
World could face oil shortage by end of decade
International Energy Agency warns of future instability as low price of Brent crude deters investment in new oilfields
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