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NatWest fined £265m for failing to stop ‘drugs gang’ laundering bin bags stuffed with cash through branches
NatWest has been fined £265m after it admitted a string of anti-money laundering failures related to the activities of a suspected “drugs gang” behind deposits worth hundreds of millions of pounds.Prosecutors told London’s Southwark Crown Court that bags of cash were taken to 50 branches between 2012 and 2016 and deposited into accounts linked to …
Business
Business Live
Strong growth from sole trader to 16-strong team sees town base taken by builder
Business
Business Live
ADVERTORIAL: Businesses urged to apply for critical new funding to help them thrive and grow after Covid
Businesses across Newcastle, North Tyneside and Northumberland could benefit from grant funding for innovation projects thanks to a new grant designed to accelerate the region’s economic recovery. Contributing 50% of eligible business spend towards Innovation Projects totalling between £10,000 and £20,000 (excluding VAT), it has been launched by the North of Tyne Combined Authority through …
Business
Business Live
Cardiff communications agency launches new service to counter fake news
Sign up to FREE email alerts from BusinessLive – Wales – daily round-up of latest news, views and features from across WalesInvalid EmailSomething went wrong, please try again later.SubscribeWe use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd …
Business
Sky News
Heavy industry leaders call for ‘urgent action’ as electricity supply set to be tighter than last year
Industry leaders have called for “urgent action” amid warnings the electricity supply in the UK is set to be tighter this winter than last year.The National Grid electricity system operator said in a report on Thursday that the UK faces tight electricity supplies because of rising demand and capacity constraints but declared the lights should …
Business
Sky News
Regulator closes BA-Ryanair COVID refunds probe on ‘lack of legal clarity’
The competition regulator says it has closed down an investigation into whether British Airways (BA) and Ryanair broke the law by failing to offer refunds for flights customers could not legally take during coronavirus lockdowns.Following a swell of complaints from passengers and consumer groups, the Competition and Markets Authority (CMA) launched an inquiry in June …
Business
Sky News
Energy and council tax bills could rise by hundreds of pounds from next year
Council tax may need to rise by up to 5% a year for the next three years – the latest in a long list of warnings that the cost of living is expected to increase substantially.The forecast comes from the Institute for Fiscal Studies (IFS), which said that, under government spending plans, a rise of …
Business
Business Weekly
Here come the sun kings: ‘First’ joint Oxbridge spinout company sees the light
Helio Display Materials, a venture that has claims to be the first joint spin-out from the universities of Cambridge and Oxford, is commercialising technology that promises to take light-emitting applications to fresh frontiers. Its new family of materials is already pushing the photovoltaics industry towards power conversion efficiencies that were previously thought unachievable at industrial …
Business
Euro News
Uber’s ‘racist’ facial recognition software is firing Black and Asian drivers, former driver claims
Business
Sky News
Interserve break-up nears end with £140m RMDK sale to Altrad
The break-up of what was once one of Britain’s biggest outsourcers will near its conclusion this week when the former jewel in Interserve’s crown is sold to a French industrial group.Sky News has learnt that Altrad Group has agreed to buy RMD Kwikform, Interserve’s global equipment services arm, in a deal that is expected to …
Business
Sky News
PM’s ‘economically illiterate’ approach under fire as speech echoes F-bomb to business
It was in 2018, during the apparently endless post-Brexit vote debate, that Boris Johnson first said, “F*** business”.As political credos go it hardly fits former New York governor Mario Cuomo’s exhortation to “campaign in poetry”, but after this speech to the Conservative Party conference we can be sure Prime Minister Johnson will govern in the …
Business
Sky News
Sky to replace satellite dishes and boxes with smart TV sets
Sky is launching a new smart television called Sky Glass which aims to declutter homes by binning set-top boxes and satellite dishes while giving customers access to their favourite films and shows.The streaming TV integrates all of the hardware and software otherwise spread out across living rooms, including sound-bars, into a device with just a …

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