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Sky News
Average new mortgage rate falls for first time since 2021
The impacts of high interest rates may be easing, according to the latest figures from the Bank of England.The number of new mortgages approved in December reached a level not seen in seven months, the Bank’s money and credit data showed. Last month 50,500 new mortgages were approved, a number not seen since May last …
Business
Evening Standard
Interest rates on new mortgages fall for first time in two years
Business
Business Live
Devon children’s eyewear specialist secures British Business Bank funding
A Devon-based eyewear specialist that designs adjustable glasses frames for children including those with craniofacial disorders such as Down Syndrome has secured funding to grow the business. Exeter Eyewear, which is based at Exeter Science Park, is among the first companies to secure finance from the British Business Bank’s South West Investment Fund. The £31,000 …
Business
Business Weekly
Xampla raises extra $7m scale-up cash to advance plastic elimination
Xampla has raised a further $7 million to advance production of its next-generation, biodegradable plant materials – taking its haul to date to $17.6m. The new investment will be deployed to advance production of the nextgen materials company’s biodegradable, plant-based Morro materials – helping big brands to move away from single use and highly damaging plastic. …
Business
Sky News
Bank hit with nearly £60m fine over deposit protection
HSBC has been fined more than £57m for failing to protect consumer deposits. The fine, totalling £57,417,500, has been levied by the the Bank of England’s Prudential Regulation Authority (PRA) for failing to protect consumer deposits from 2015 to 2022. Money latest: ‘Huge change’ to UK’s food supply from tomorrow – and prices could riseIt’s …
Business
Sky News
First human receives brain chip from Musk’s company that can control machines by thought
Elon Musk has announced the first human patient to receive a brain chip from his company Neuralink is recovering well.The billionaire also revealed he hoped the product – called ‘Telepathy’ – will eventually allow users with disabilities like Stephen Hawking to “communicate faster than an auctioneer”. “Initial results show promising neuron spike detection,” Mr Musk …
Business
Sky News
IMF urges chancellor not to cut taxes in major intervention
The International Monetary Fund (IMF) has said Jeremy Hunt should not be planning to cut taxes any time soon.In what will be seen as a bombshell intervention ahead of this year’s election, the Fund, widely regarded as the world’s most authoritative economic body, said its analysts had advised the UK Treasury not to cut taxes. …
Business
Sky News
Shoppers turn to packed lunches to keep budgets in line
Shoppers are turning to packed lunches in an attempt to try and keep their budgets in line, with 86 million more lunchboxes brought to work last year, new research suggests.Spending on alcohol also fell by more than half in January compared with December – with people taking part in Dry January and other health challenges, …
Business
Euro News
Ryanair backs Boeing as profit expectations take a fall
Business
Business Weekly
Nu Quantum and Cisco join forces for world-first advance after £2.3m contract win
Cambridge-based quantum networking company Nu Quantum has won a £2.3 million contract from the UK government to deliver a world-first modular, rack-mount and scalable quantum data centre prototype. Nu Quantum is collaborating with Cisco, using the US headquartered technology giant as a prospective end user for the project.  A world leading supplier of networking infrastructure, …
Business
Euro News
UK firms issue more profits warnings than seen during 2008 bank crisis
Business
Euro News
‘Enough is enough’: With $300 billion in debt, court says it’s time to liquidate China’s Evergrande

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