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Evening Standard
Silicon Valley Bank: Bank of England set to place UK arm into insolvency
The Bank of England aims to place Silicon Valley Bank UK into insolvency, hours after the bank’s US arm collapsed.The US arm of the bank collapsed on Friday, having been shut down by California regulators.However, the bank aimed to reassure UK customers that their funds were safe, noting that Silicon Valley Bank UK was a …
Business
Evening Standard
PM signals no tax cuts in Budget amid focus on ‘critical’ plan to cut inflation
Rishi Sunak has signalled that tax cuts will not be announced in the Budget as his administration focuses on cutting the “regressive tax” of inflation.The Prime Minister said the Government’s priority was reducing the rate of inflation and easing the cost-of-living crisis gripping Britain.Senior Conservatives have been pushing Chancellor Jeremy Hunt to use his Budget …
Business
Business Live
Carbon capture Budget pledge could put the fizz in Humber Net Zero industrial ambitions
A big boost to the Humber’s ambitions to lead the world in cleaning up heavy industry could emerge from Wednesday’s Budget. Carbon capture and storage is to net an “unprecedented investment” with a figure of £20 billion over 20 years touted. The Energy Estuary is home to two huge projects that could meet government targets …
Business
Business Live
Brewery’s Carbon Crush aims to put Net Zero industry solution on the lips of many
Carbon capture and storage may not be on everyone’s lips – but a Grimsby brewery is helping change that. Having hosted the launch of the Humber Industrial Cluster Plan – with the technical solution to get heavy industry to Net Zero at the heart of it, Docks Beers has introduced a new ale to help …
Business
Evening Standard
Teaching union suspends two days of strikes in Wales after revised pay offer
Two days of strike action by teachers in Wales next week have been called off after the Welsh Government proposed a revised pay offer.Members of the National Education Union (NEU) were due to take industrial action in Wales on March 15-16 in an ongoing dispute over pay.But the NEU, the largest education union in the …
Business
Evening Standard
Tech firms pour cash into Revolut and Wise amid Silicon Valley Bank demise
UK tech firms are pouring cash into Revolut, Wise and other London fintechs after scrambling to withdraw funds from Silicon Valley Bank amid fears they may lose access to their deposits, the Standard has learned.Revolut said inbound volumes from Silicon Valley Bank were a staggering 16.6 times higher than normal yesterday, while today’s transfers could …
Business
Sky News
Grant Thornton UK partners to vote on Indian investment
The UK arm of Grant Thornton, the accountancy and professional services provider, is drawing up plans to invest millions of pounds in its Indian sister firm.Sky News understands that the top ten auditor has asked its more than 200 UK partners to vote on the proposal later this month. One source said the deal would …
Business
Business Live
ADVERTORIAL: How to build your resilience and leadership skills to support your business ambitions
Business leaders often worry about doing the right thing and many are feeling this burden more than ever in the current tough economic environment. In fact, many leaders believe a fresh, outside perspective would stop them feeling so alone and help them to make better business decisions. When independent charity Be the Business spoke to …
Business
Business Live
Swift gears up to feed the 1,500 as new staff facilities added to fuel leisure growth ambition
Huge investments in leisure home manufacturer Swift’s sprawling Cottingham site have been unveiled as it looks to deliver further growth. Ambition to employ 1,500 people, while building on the annual output of 10,000 holiday homes, motor homes and touring caravans has been outlined as the latest project completed, coinciding with a first national television advertising …
Business
Business Live
Construction firm Winvic elected for Bristol student accommodation works
Construction firm Winvic has been selected to continue works on a huge new student accommodation in Bristol. The company has been selected by property firm Madison Cairn for the 12-storey Redcliff Quarter scheme which will provide 367 studios and shared rooms. Winvic had already completed initial enabling works and piling operations for the building on …
Business
Sky News
A return to economic growth, the appetite for more debt, and how automation could prevent food shortages
With the economy returning to narrow growth, Ian King discusses Britain’s stupendous levels of borrowing with S&P Primary Credit Analyst Frank Gill and GDP figures with Victoria Clarke, from Santander Corporate and Investment Banking. Also on the show: Samay Kohli from GreyOrange explains how warehouse automation could help reduce shortages of food and veg.:: Listen …
Business
Sky News
Superdry hires City advisers to fashion cost-cutting plans
Superdry, the fashion retailer, has drafted in a leading firm of City advisers to help it cut costs following a string of profit warnings.Sky News has learnt that the company, headed by founder Julian Dunkerton, has hired Interpath Advisory to address its cost base, which analysts speculated could lead to a number of job cuts. …

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