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Evening Standard
Tesla investor Scottish Mortgage sees asset plunge in markets turmoil
SCOTTISH Mortgage Investment Trust, one of the oldest funds in the City, today admitted its assets have plunged by 15% is just the last six months in the latest sign that stock pickers are finding it difficult to deal with wider economic turmoil.The £14 billion fund made a name for itself as an early investor …
Business
Sky News
Musk says Twitter ‘may face bankruptcy’ as more staff quit and top regulator issues warning
Elon Musk raised the possibility of Twitter going bankrupt as the company endured perhaps its most chaotic day since he took control two weeks ago.The world’s richest man outlined his concerns about the firm’s precarious financial position during his first mass call with its remaining employees, having already carried out thousands of sackings. Twitter endured …
Business
Sky News
The UK has one foot in a recession but it’s worth being wary of forecasts during uncertain times I Ed Conway
The UK now officially has one foot in a recession.That might on the face of it sound like a statement of the obvious. After all, for many households up and down the country it has felt pretty tough for quite some time. That the Office for National Statistics (ONS) is now saying that gross domestic …
Business
Sky News
The UK has one foot in a recession but it’s worth being wary of forecasts during uncertain times
The UK now officially has one foot in a recession.That might on the face of it sound like a statement of the obvious. After all, for many households up and down the country it has felt pretty tough for quite some time. That the Office for National Statistics (ONS) is now saying that gross domestic …
Business
Evening Standard
UK on course for recession after economy shrinks in September
The UK may have entered what experts say could be the longest recession in a century as official statisticians said the economy shrank by 0.2% between July and September.The Office for National Statistics (ONS) said gross domestic product (GDP) fell by 0.6% in September, in part due to the Queen’s funeral.It added to a 0.2% …
Press Release
Pressat
Fall in GDP heralds start of recession and the risk of serious economic decline, small firms warn
Responding to new Office for National Statistics (ONS) figures showing that GDP fell 0.2% in Q3 2022, Federation of Small Businesses (FSB) National Chair Martin McTague said: “Confirmation of a shrinking economy is dreadful news for small businesses that have been facing increasing recessionary pressures for months now. “Lower levels of reserves and resources mean …
Business
Evening Standard
RCN strike: Rishi Sunak says nurses’ pay demands ‘not affordable’
Prime Minister Rishi Sunak has said pay demands from unions representing nurses are “not affordable,” as the threat of strike action that will hit operations and appointments looms.Mr Sunak said he shared the public’s “respect and gratitude” for nurses, and that he was pleased the Health Secretary was meeting unions to resolve the issue.Steve Barclay …
Business
Sky News
KFC apologises for sending ‘unacceptable’ Kristallnacht message
KFC in Germany has apologised for inviting customers to “treat yourself” on Kristallnacht.The business sent the alert to its mobile app on the anniversary of the day in 1938 when thousands of Jewish-owned businesses, synagogues and homes were vandalised and destroyed. KFC’s message, sent on Wednesday, said: “It’s memorial day for Kristallnacht! Treat yourself with …
Business
Evening Standard
Broadband speed fears slowing take-up of social tariffs, Which? warns
Households eligible for broadband social tariffs are not taking up the offer over concerns the speed offered will be too slow, a consumer group said.Just 3.2% or 136,000 of the 4.2 million households on Universal Credit who are entitled to the discounted deals have taken them up, Ofcom figures show.Which? surveyed more than 2,000 people …
Business
Evening Standard
Broadband speed fears slowing take-up of social tariffs, Which? warns
Households eligible for broadband social tariffs are not taking up the offer over concerns the speed offered will be too slow, a consumer group said.Just 3.2% or 136,000 of the 4.2 million households on Universal Credit who are entitled to the discounted deals have taken them up, Ofcom figures show.Which? surveyed more than 2,000 people …
Business
Evening Standard
Apprentice winner sells multi-million pound company he built with Lord Sugar
An Apprentice winner who scooped the top prize and investment from Lord Alan Sugar has sold his business after seven years.It is the first time one of the companies formed after the show has been successfully disposed of.Lord Sugar said 2014 winner Mark Wright, who came to the UK from Australia with little to his …
Business
Evening Standard
Apprentice winner sells multi-million pound company he built with Lord Sugar
An Apprentice winner who scooped the top prize and investment from Lord Alan Sugar has sold his business after seven years.It is the first time one of the companies formed after the show has been successfully disposed of.Lord Sugar said 2014 winner Mark Wright, who came to the UK from Australia with little to his …

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