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Evening Standard
Funding Circle sells US business for £33m amid cost-cutting drive
Small business lender Funding Circle has sold its loss-making US arm for £33 million as part of an attempt to simplify the company and stem mounting losses.Funding Circle said it will offload the unit to Florida-based iBusiness Funding, which lends to banks and small finance businesses, and is part of US financial giant Ready Capital …
Business
Euro News
Nvidia stock tumbles forcing it to give up top slot crown
Business
Evening Standard
EDF and Utilita named worst suppliers for customer service by Citizens Advice
EDF and Utilita have been named the worst energy suppliers for customer service in a quarterly ranking by Citizens Advice.The consumer charity said customer service ratings across the industry were among the lowest ever, reporting that record numbers of households asked it for help with energy issues between January and March.Research by the charity has …
Business
Evening Standard
Vertu welcomes growth in used car sales but warns of volatility ahead
Vertu Motors has cheered the recovery of used vehicle sales as prices continue to steady but cautioned that incoming zero emission rules could spark further upheaval in the market.The car dealership, which has 189 sales and aftersales sites, reported 6.7% growth in like-for-like used car sales by volume in its first quarter to May 31.It …
Business
Sky News
‘The systems were working well’, top Horizon engineer tells Post Office inquiry
One of the architects of the Post Office Horizon accounting system has admitted there were “discreet” bugs but it generally “worked well”, dismissing suggestions he had knowledge of widespread flaws.The public inquiry into the IT scandal also heard Gareth Jenkins, who was a lead engineer at Horizon supplier Fujitsu, explain he was sorry for his …
Business
Sky News
‘The systems were working well’, top Horizon engineer tells Post Office inquiry as victim rejects apology
One of the architects of the Post Office Horizon accounting system has admitted there were “discreet” bugs but it generally “worked well”, dismissing suggestions he had knowledge of widespread flaws.The public inquiry into the IT scandal also heard Gareth Jenkins, who was a lead engineer at Horizon supplier Fujitsu, explain he was sorry for his …
Business
Euro News
Wegovy and Ozempic maker Novo Nordisk throws weight behind billion-dollar US plant
Business
Euro News
How do you grow a unicorn? What Europe can do to support its start-ups
Business
Sky News
Premier League clubs’ losses grow despite record revenue
Combined losses across Premier League clubs in the 2022-23 season grew by 16% despite a rise in revenue to £6bn for the first time, according to a closely-watched annual review of football finances.The report by Deloitte’s Sports Business Group showed pre-tax losses for top flight clubs of £685m over the period – a season won …
Business
Sky News
Weekly real wages just £16 more than 14 years ago – thinktank says
Weekly wages have increased by just £16 in 14 years when inflation is factored in, according to research from living-standards thinktank the Resolution Foundation.Workers have experienced an “unprecedented” pay squeeze since 2010 with real weekly wage growth of £16 due to two crises and Brexit, the foundation said. The sum factors in price rises across …
Business
Euro News
Fall in UK salary levels fuels hopes of future interest rate cuts
Business
Euro News
Germany’s business climate falls in June: No Euro 2024 fairytale?

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