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Bristol university spinout secures £8.5 million to open new site
A spin-out from the University of Bristol has secured £8.5m to open its third deep tech incubator in the city. The investment in Science Creates, backed by Research England, part of UKRI, and the University of Bristol, will see a 30,000 sq ft building to provide support for roughly 275 new companies across the South …
Business
Sky News
Rees-Mogg’s investment management firm to shut
The investment management firm co-founded by Tory MP and former business secretary Sir Jacob Rees-Mogg is to be wound down.Somerset Capital Management is understood to have taken the decision after the loss of its largest client, wealth management powerhouse St James’s Place, last month. That built on earlier outflows.It meant that around two-thirds of Somerset’s …
Business
Evening Standard
UK consumer woes will continue through 2024, says Watches of Switzerland
Business
Sky News
McDonald’s to test new coffee shop-style stores
McDonald’s is testing a coffee shop-style restaurant that puts it in competition with the likes of Starbucks.It’s opening the first CosMc’s in Illinois this month – with the aim of having 10 in the US by 2024 – mainly in Texas to begin with. CosMc’s is described as a “beverage-led concept” that’s “inspired by nostalgia” …
Business
Sky News
Cash use grows for first time in 10 years as people pay closer attention to household budgets
Cash usage has grown for the first time in a decade as households look to balance their budgets amid the cost-of-living squeeze.Across the UK, coins and banknotes accounted for nearly a fifth (19%) of transactions in 2022, according to the British Retail Consortium (BRC) annual Payments Survey. Its report said: “This year’s Payments Survey shows …
Business
Euro News
European governments seek to unshackle from UK financial infrastructure
Business
Euro News
Electric vehicle sales between UK and EU escape tariff charges – for now
Business
Euro News
Jobs at risk as eurozone construction sector continues to struggle
Business
Sky News
‘Unreliability is creeping up’: What it’s like travelling on some of the worst rail routes for delays and cancellations
“The last thing I do before going to sleep at night is check the trains to see whether they’re running on time and then the first thing I do in the morning, before I reach for a cup of tea, is pick my phone up and check again. And then you can still get to …
Business
Sky News
Five million more households yet to feel full rate hike burden, Bank of England warns
The Bank of England has said that UK households and businesses have been “resilient” in the face of rising interest rates – but repeated previous warnings that the full effect of higher interest rates was yet to come through.Unveiling its latest Financial Stability Report – which is published twice yearly – the Bank said that …
Business
Euro News
Nissan and Mitsubishi confirm invest plans for Renault EV unit Ampere
Business
Sky News
Coventry Building Society tables bid to remutualise Co-operative Bank
One of Britain’s biggest building societies has tabled a surprise takeover bid for the Co-operative Bank – a deal that would effectively remutualise one of the country’s most recognisable high street lenders.Sky News can exclusively reveal that the Coventry Building Society has proposed a tie-up with the Co-operative Bank that would create a financial services …

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