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Sky News
Elon Musk threatens to sue Microsoft
Elon Musk has threatened to sue Microsoft for allegedly using Twitter data without permission.The billionaire’s warning, via a tweet, came after the tech giant revealed it would drop his social media site from its corporate advertising platform. Microsoft‘s service uses AI to help ad buyers manage their social media accounts in one place.Musk said the …
Business
Sky News
Foxtons revenue rise aided by ‘longer non-cancellable tenancy deals’
The London-focused estate agency Foxtons has been accused of “boasting” after recording a 27% leap in lettings revenue, partly aided by a focus on securing “longer non-cancellable terms” from tenants.The company reported a 10% increase in total revenue to £32.9m during the first three months of the year – driven by its lettings division which …
Business
Business Live
Late payments are a worry for three quarters of smaller firms, survey finds
Around three quarters of small to medium sized businesses are worried about cashflow as a direct result of overdue invoices from customers, a study has found. All the SMEs who took part in a survey for Bath-based alternative finance specialist Time Finance, claimed more of their customers had been late with payments, due to increased …
Business
Evening Standard
Disabled entrepreneurs face significant barriers to grow businesses – report
Disabled entrepreneurs face “significant barriers” to start and grow a business, according to a new report.Major systemic changes are needed to make UK entrepreneurship more equitable, accessible, and inclusive for disabled founders, according to Small Business Britain.A survey of 500 disabled business people by the organisation revealed an abundance of skill and ambition, but hurdles …
Business
Business Live
Disappointment as appeal to build 260 new homes on green space in Bristol wins
Homes England has been granted permission to develop new homes on a wildlife-rich meadow in South Bristol. The plans will see 260 homes built on Bristol Meadows, 30% of which will be affordable, as part of an “integrated 20-minute neighbourhood” close to schools, shops and work opportunities. Homes England took its planning application directly to …
Business
Business Live
ProCook kitchenware sales fall nearly 10% amid ‘uncertain’ market
Kitchenware brand ProCook has reported an almost 10% drop in fourth quarter revenue. The Gloucestershire firm, which sells products such as saucepans and baking trays, said revenue in the final quarter to April 2 was down 9.7% at £12.6m, and 9.4% lower on a comparable basis. The retailer said its results reflected “ongoing uncertainty in …
Business
Business Live
Demand boosts Redde Northgate’s full-year profit expectations
North East vehicle hire operator Redde Northgate says it is trading ahead of expectations with strong demand for its services. The Darlington-based plc told investors on the London Stock Exchange there had been demand from for both vehicle rental and accident management services, including growth from major insurance contracts launched over the past 12 months. …
Business
Business Live
Dorset recruitment set to expand with headquarter relocation
A growing Dorset recruitment firm is set to relocate to new headquarters as it looks to continue to expand its workforce. Poole-based TeamJobs said the vast majority of its 40 staff will be based at its new office in Fleets Corner Business Park, where it has taken around 3,260 sq ft of space at the …
Business
Sky News
Badenoch to meet business groups amid CBI absence
Kemi Badenoch, the business and trade secretary, will this week hold her first meeting with Britain’s major business groups since the government suspended engagement with the CBI.Sky News understands Ms Badenoch will meet the other members of the so-called B5 on Thursday. The groups – the British Chambers of Commerce, Federation of Small Businesses, Institute …
Business
Sky News
Business insolvencies at post-pandemic high as higher rates add to inflation pain
The number of companies entering insolvency hit its highest level for more than three years in March, according to official figures.Commentators blamed a combination of higher interest rates and wider inflation for the 16% increase recorded last month across England and Wales. The Insolvency Service reported 2,457 corporate insolvencies – up from 1,784 in February.The …
Business
Business Live
South Wales architectural firm acquired by its employees
A Newport architectural firm has been acquired by its employees. Through an employee ownership trust (EOT) deal, leading care sector practice KWL Architects , has been acquired by its staff from the firm’s founding directors Philip Lewis and Neil Ross, who will remain with the business for the foreseeable future. The founder will also becoming …
Business
Business Live
World’s first rail testing centre in Wales partners with Hitachi Rail
The Welsh Government’s flagship Global Centre of Rail Excellence (GCRE) project has signed a memorandum of understanding with Hitachi Rail to test the latest rail technology. The agreement will see transport solutions provider Hitachi Rail test future rolling stock, battery technology, digital signalling and infrastructure monitoring solutions at the rail test centre in south Wales. …

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