Uber Technologies Inc. has said that it has received its biggest investment to date, raising $3.5 billion from the Public Investment Fund of Saudi Arabia.
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
UK house price annual growth rate slowed in May
The annual rate of UK house price growth cooled further in May, after slowing the previous month, according to the Nationwide building society.
Austin Reed to shut stores and cut 1,000 high street jobs
Close to 1,000 jobs will be lost after the administrator to Austin Reed failed to find a bidder prepared to buy the fashion retailer as a going concern.
BHS ex-owner blames Philip Green for retail firm’s collapse
Dominic Chappell accuses previous owner of not leaving enough cash in the business, forcing store chain to borrow money
Lloyds boss ‘kept silent on rate-rigging at bank’
The former boss of Lloyds Banking Group has been accused of keeping silent on rate-rigging at the state-backed bank in a court claim that raises fresh questions about the City watchdog’s investigation into market abuse.
Cheers: The English wine industry uncorked another bumper year in 2015
The English wine industry gained more fizz last year as 37 new wine producers and vineyards opened over 2015, research from national accountancy firm UHY Hacker Young has found.
Deloitte has named its highest-ever proportion of female partners
Deloitte has named its highest-ever proportion of female partners in the accountancy firm’s annual round of promotions
Businesses unable to pay millions in tax – as HMRC changed its bank details without telling them
Tens of millions of pounds in VAT and corporation tax due to the Government since February has not been paid as HMRC changed its bank details without telling businesses.
Lord Sugar: Why Britain should remain in the EU
Writing in today’s Sun newspaper Lord Sugar, the newly appointed enterprise tsar, explains in a passionate opinion piece why he believes that Britain is better in the EU for entrepreneurs
MPs tell Mike Ashley they will not visit Sports Direct head office
MPs investigating controversial business practices at Sports Direct have told its founder, Mike Ashley, they will not visit the company’s headquarters before next month’s select committee hearing and made it clear they still expect him to show up at Westminster.
Plan to cut Tata Steel pensions could cost savers £200bn
The government’s proposal to save Tata Steel UK could set a dangerous precedent, ultimately costing millions of pension savers up to £200 billion in lost retirement incomes, experts warned yesterday.
The British seaside towns holding referendums to ban holiday homes
Another Cornish seaside town is gearing up to introduce restrictions that will limit the sale of holiday homes.
McDonald’s ex-CEO says it’s cheaper to hire robots than people on minimum wage
Some business owners have already begun to take humans out of the picture
Tata Steel: Government warned over pension cut plan
The government has been warned that a plan to cut pension benefits to help save Tata Steel’s UK operations could take ministers down a “dangerous path”.
Pension exit charges to be capped at 1% under FCA proposals
Regulator wants to limit charges for people cashing in pots before retirement age, and ban exit fees in future pension contracts
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