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Sky News
Reddit valued at £5bn after share sale boost for IPO market
Shares in Reddit will make their market debut later on Thursday after a sale valuing the social media platform at $6.4bn (£5bn).The company’s initial public offering (IPO) was priced at the top of its targeted range of $31 to $34 per share on Wednesday night, raising $748m. Reddit and its existing shareholders sold 22 million …
Business
Sky News
Bank of England keeps interest rate at 5.25% but cut moves closer
The Bank of England has held interest rates at 5.25% for a fifth consecutive time, but says the prospects for a cut are now “moving in the right direction”.The nine-member rate-setting committee continued to collectively judge it was too early to contemplate a downwards move, despite further progress in taming inflation revealed earlier this week. …
Business
Euro News
Property prices getting in the way of Ireland’s business with the US
Business
Sky News
Tube strikes called off – but walkouts on rail still set to go ahead
Tube strikes planned for Monday and next month have been called off, the Aslef union announced.The walkouts had been planned for 8 April and 4 May. The Mayor of London said it was “good news” for Londoners, adding: “This demonstrates – once again – what can be achieved by talking and engaging with transport staff …
Business
Euro News
Brussels poised to send billions from frozen Russian assets to Ukraine
Business
Evening Standard
Hopes of summer rate cut boosted after bigger-than-forecast fall in inflation
Business
Sky News
Average rents hit another record high while house price falls ease off
Average private rents rose at their fastest annual pace last month since comparable records began in 2015, according to official UK figures.The data from the Office for National Statistics (ONS) showed no let up in the surging costs faced by renters since 2022. It reported a leap of 9% over the 12 months to February …
Business
Business Live
£15.7m capital boost for EV infrastructure in the West Midlands
Transport chiefs in the West Midlands have received £15.7 million in fresh funding to support their ambition of installing up to 12,000 electric vehicle charging points over the next five years. The capital, from the Department for Transport’s Local Electric Vehicle Infrastructure fund, will be part of a wider package made available to local councils, …
Business
Sky News
Ex-chancellor Hammond’s fintech Railsr eyes merger of Equals
A British financial technology company chaired by Lord Hammond of Runnymede, the former chancellor, has made an approach to merge with a London-listed peer.Sky News has learnt that Railsr, which Lord Hammond joined only last month, has written to Equals Group to propose a combination of the two companies. It was unclear on Wednesday when …
Business
Sky News
Greggs stores to take payments again soon after card and cash systems crash
Greggs said it expects to be able to take card and cash payments again soon after the bakery chain experienced issues with its tills. In a statement, the bakery chain said it expects “the issue to be fully resolved shortly”. They added: “We apologise for the inconvenience this may have caused to our customers.”Earlier on …
Business
Euro News
Doing business in China is growing tougher, more uncertain, European business group says
Business
Euro News
Doing business in China getting tougher, European business group says

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