Venture capitalist Ophelia Brown launches new £142m fund
One of Britain’s top venture capitalists has launched her second fund as she tries to snap up a larger portion of the expanding European technology scene.
industry
Flybe confirms it was given tax holiday by HMRC to avoid collapse
Flybe has confirmed it has agreed a financial arrangement to defer tax payments of “less than £10 million” with HM Revenue and Customs.
The Works boss quits after recent profit warnings
The Works boss Kevin Keaney has stepped down after nearly nine years at the helm just two months after a shock profit warning sent its shares tumbling.
Premier Inn owner warns of drop in business customers outside London
Premier Inn owner Whitbread said business customers using its hotels outside of London remains weak, although this was offset by a strong performance in the capital.
Flybe collapse averted after Government announces review of air passenger duty
Flybe’s collapse has been averted after the Government told the airline it would review air passenger duty (APD) and shareholders agreed to inject additional investment.
Ministers ‘delighted’ as Government grants Flybe rescue deal
Regional airline Flybe has secured a rescue deal with the Government that will allow it to keep operating, the Business Secretary said.
Financial services paid record-breaking £75.5bn in taxes – report
British-based banks and financial services handed over £75.5 billion in taxes last year, accounting for more than £1 in every £10 paid to the Government, according to new figures.
Economy stagnates in December as service sector orders improve
The UK’s service sector flatlined in December as improving business order books helped to stop decline from the previous month.
Average property value ‘grew by £12 per day in 2019’
Homes added £12 per day on average onto their value during 2019, according to a property website.
Woodford investors set for payout in January
Investors in troubled manager Neil Woodford’s flagship fund will see their first payouts as the fund winds up in the middle of January after it won permission from the Financial Conduct Authority.
Wizz Air plans Middle East push in tie-up with Emirati firm
Budget carrier Wizz Air has teamed up with a state-run holding company in the United Arab Emirates to launch its first non-European airline.
Winner of Big Issue Christmas cover contest announced
A heartwarming design of a Big Issue seller next to Father Christmas and a snowman created by a 12-year-old girl has been chosen as the front cover of the magazine’s Christmas edition.
Loungers says it has potential to triple site numbers after surging sales
Cafe-bar operator Loungers has said it sees the potential to more than triple in size after posting surging sales on the back of new restaurant openings.
Construction sector remains in contraction amid ongoing slump in new orders
Britain’s builders have suffered the longest run of declining new orders for six years as Brexit and election uncertainty keep the sector firmly in contraction, according to new figures.
Royal Mail shares plunge after delays in transformation plan
Shares in Royal Mail have dived after it warned that the company’s transformation programme is “behind schedule”, despite improving profits and revenues over the past six months.
Shop Direct given funding lifeline from Barclay brothers
Littlewoods and Very.co.uk group Shop Direct has secured a £75 million equity injection from owners, the billionaire Barclay brothers, as it looks to cover a hefty payment protection insurance bill.
Number of women in top roles at UK firms jumps but ‘step-change still needed’
The number of female directors at top UK companies has increased over the past year but a “step-change” in representation is still needed, according to a new report.
Shoppers stay away from stores as weather hits footfall
The number of people heading to the high street, retail parks and shopping centres is continuing to fall, new data has revealed.
Dundee jobseekers invited to event offering hundreds of employment opportunities
Jobseekers in Dundee are being invited to learn more about large businesses and organisations offering hundreds of employment opportunities in the area.
Jamie Oliver recalls fight to save restaurant group from collapse
Jamie Oliver has told of his desperate attempts to save his restaurant group from collapse as he ploughed millions of pounds of his own money into the business.