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21.02.2023 - 09:45
Business
Business Live
German software firm signals UK expansion with Birmingham launch
A German software and logistics company has announced plans to expand into the UK by launching a base in Birmingham. Munich-based Alaiko specialises in fulfilment services by handling logistics for direct-to-consumer online businesses. It is now planning to create 120 new jobs, including a significant R&D function in the city, and a further 80 at …
21.02.2023 - 09:39
Business
Evening Standard
Profits jump at HSBC as it moves to fend off break-up calls from China
HSBC today moved to fend off pressure from one its biggest shareholders to break up the group and return chunks of cash to investors.Ping An, a Chinese financial group which has a long history with Britain’s biggest bank, thinks it should split the Asian and Western arms in two, clearly believing the Asian arm to …
21.02.2023 - 09:16
Business
Business Live
Airport tech firm AeroCloud to double headcount after raising $12.6m
A Cheshire company behind an airport management platform has plans to double its headcount after raising $12.6m. The Series A funding round into Macclesfield-based AeroCloud was led by US fund Stage 2 Capital and supported by I2BF Global Ventures, Triple Point Ventures and Praetura Ventures. Existing investors Playfair Capital and The Praetura and Haatch also …
21.02.2023 - 09:13
Business
Evening Standard
Holiday Inn owner IHG buoyed by returning travel after Covid impact
InterContinental Hotels Group (IHG) shares dipped this morning despite a $750 million buyback, as trading returned to pre-pandemic levels in London but CFO Paul Edgecliffe-Johnson said there was still more recovery to come in the capital.The business rebounded from the pandemic with $1.83 billion in revenue, though this was towards the lower end of analysts’ …
21.02.2023 - 08:50
Business
Evening Standard
“Still more recovery to come in London” for IHG, despite revenue above pre-pandemic levels
InterContinental Hotels Group (IHG) shares dipped this morning despite a $750 million buyback, as trading returned to pre-pandemic levels in London but CFO Paul Edgecliffe-Johnson said there was still more recovery to come in the capital.The business rebounded from the pandemic with $1.83 billion in revenue, though this was towards the lower end of analysts’ …
21.02.2023 - 08:03
Business
Evening Standard
Government posts surprise January budget surplus after record income tax haul
The UK government recorded a monthly surplus in January despite “substantial spending” on energy support schemes, record debt interest and one-off payments to the EU.The Office for National Statistics (ONS) said there was a public sector net borrowing surplus of £5.4 billion for the month.It was a £7.1 billion smaller surplus than in January 2022 …
21.02.2023 - 07:40
Business
Sky News
Brexit deal over Northern Ireland not likely this week, minister suggests
A deal to resolve post-Brexit trading issues in Northern Ireland is not likely this week, a minister has suggested. Maria Caulfield told Sky News Rishi Sunak is “working really hard” to fix problems with the contentious Northern Ireland Protocol, amid signs of a possible Tory rebellion. Asked about the prospect of a breakthrough this week …
21.02.2023 - 05:47
Business
Sky News
Hunt to ‘stick to plan’ despite borrowing £30bn less than predicted in year to date
Public borrowing in the financial year to date is £30.6bn less than predicted by the Office for Budget Responsibility (OBR), according to the last set of official figures before next month’s budget.The Office for National Statistics (ONS) reported a £5.4bn surplus for the chancellor in January – aided by the highest January figure for self-assessment …
21.02.2023 - 00:01
Business
Evening Standard
Firms with four-day working week ‘more productive, profitable and happier’
Businesses that have adopted a four-day working week for all staff have said they are more productive and profitable, and hailed a healthier and happier workforce.It comes as the world’s biggest trial of a four-day working week was deemed a success by researchers, as the vast majority of companies involved said they will continue to …
20.02.2023 - 23:26
Business
Sky News
‘Major breakthrough’: Most firms say they’ll stick with a four-day working week after successful trial
The world’s biggest trial of a four-day working week has been hailed a success – with most of the companies involved saying they would continue offering a shorter week.A total of 61 companies across several sectors in the UK were involved in the pilot, which ran for six months from June last year. Employers had …
20.02.2023 - 17:40
Business
Sky News
Mastercard and Visa to be hit with £7.5bn compensation claim
The global payment giants Mastercard and Visa are facing the latest in a string of multibillion-pound competition lawsuits with the launch of a potentially vast class action claim on behalf of British companies.Sky News has learnt that Harcus Parker, a London-based commercial litigation law firm, is close to filing what it believes will be among …
20.02.2023 - 10:59
Business
Sky News
Virgin Media O2 dials up £100m bid for altnet rival Trooli
Virgin Media O2 and its shareholders are exploring a takeover bid for Trooli, one of the UK’s army of ‘altnet’ fibre broadband companies.Sky News has learnt that the telecoms giant, which is jointly owned by Liberty Global and Spain’s Telefonica, is among a substantial number of parties examining offers for Trooli as part of a …
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