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Sky News
Senior Uber executive Heywood hails departure from rides app
The executive who became the face of Uber Technologies’ series of licensing battles with London’s transport authorities is leaving the ride-hailing behemoth after four years.Sky News has learnt that Jamie Heywood, Uber’s regional general manager for Northern Europe, is to step down from the role next month. His departure will be a frenetic tenure punctuated …
Business
Evening Standard
London seed funds top list of unicorn hunters
London-based early stage tech investors in car-selling startup Cazoo and fantasy football digital platform Sorare have topped a global list of the most successful venture capitalists, after a record year for tech investment across Europe.LocalGlobe and Seedcamp, who between them have backed a string of unicorn tech companies, were ranked in the top two of …
Business
Sky News
Wages fall sharply, investing in Andorra and Vietnam, and recycling cans
On today’s Ian King Business Podcast: inflation pressures continue after a sharp fall in wages; Taavet Hinrikus talks about his start-up helping boost routine testing at home; the world’s biggest maker of aluminium cans discusses recycling; we look at investment opportunities in Andorra and Vietnam; and review the biggest business stories of the day.:: Listen …
Business
Evening Standard
Hiring crisis hits firms with more vacancies than jobseekers for the first time
Employers are struggling to cope with unprecedented labour shortages as job vacancies outstrip the number of people looking for work for the first time on record, new official figures have revealed.The number of unfilled positions in the UK rose 2.7 per cent, or 33,700, to a new all-time high of 1.295 million in the February …
Business
Sky News
Inflation hits 40-year high of 9% as cost of living crisis deepens
Inflation has hit its highest level in 40 years amid the deteriorating cost of living crisis.The rate shot up to 9% last month – its highest level since comparable readings in 1982. Data released by the Office for National Statistics (ONS) showed a broad-based hike in prices for everyday goods and services during April – …
Business
Business Live
Surgical training tech firm Inovus Medical eyes major expansion after $7m investment
A Merseyside-headquartered surgical training technology company is poised for major expansion following a $7m investment. Inovus Medical, which was set up in 2012 and is based in St Helens, said the round was led by $6.2m from Norgine Ventures. The investment follows an initial $1m from Mercia Asset Management and high net worth investors in …
Business
Evening Standard
Pound jumps as jobs data fuels interest rate bets
THE pound rallied hard today as markets bet that interest rates are now certain to quickly go higher.Today the Office for National Statistics reports that unemployment fell to its lowest level for nearly 50 years at 3.7%, while job vacancies remain high.Inflation figures tomorrow are set to show prices are shooting even higher. Deutsche Bank …
Business
Business Live
Watkin Jones posts a loss due to remediation works and plans to drop historic name after 200 years
Builder Watkin Jones swung to a half year loss due to future costs to deal with remediation works and also revealed it planned to drop its historic name after 200 years. The Bangor-based company that specialises in student blocks and built-to-rent housing posted half year revenues to March 31 2022 of £193m – up 8% …
Business
Business Live
Chris Kirchner – who is the American businessman buying Derby County?
After months of discussions and setbacks – including fears for the very future of the club – US businessman Chris Kirchner has finally exchanged contracts to buy Derby County out of administration. Assuming a deal can be struck on the Pride Park stadium and a couple of other points can be cleared up, the American …
Business
Business Live
Urban Splash joint venture job cuts – what does the law say?
The 160 employees who were made redundant after a modular housing joint venture between Urban Splash and a Japan-based giant entered administration last week may be entitled to compensation, a law firm has said. Employment law specialist Morrish Solicitors has said any staff who were cut by House by Urban Splash may be entitled to …
Business
Business Live
The Valleys firm protecting millions of trees globally
A Valleys manufacturer of protective shelters for young trees globally has celebrated 35 years in business as it focuses on a new phase of expansion. Tubex opened its Aberdare factory in 1987 which has tripled in size since is estimated 150 million tonnes of CO2 has been sequestered globally by trees protected with recyclable Tubex …
Business
Evening Standard
The multi billion pound Boris internet fund that has barely been touched
THREE years ago Boris Johnson unveiled a £5 billion fund that would get the fastest internet into rural locations and other hard to reach places, part of his levelling up strategy.Project Gigabit was going to get 100% broadband coverage by 2025.How much of this fund has been spent? According to telecom insiders: £0. Nothing. Nada.Government …

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