Latest Stories All Stories

Business
Evening Standard
Hit to City bonuses as Square Mile faces severe slowdown
PROFITS and revenues crashed at City broker Numis, the latest sign that the Square Mile is facing a severe slowdown.That in turn is likely to lead to lower bonuses for investment bankers and traders, which also means a hit to government tax payments.The broker, a City success story that has grown rapidly under co-chief executives …
Business
Evening Standard
Sage of Soho warns on “perfect storm” for economy as recession fears mount
BRITAIN’S top ad man today warned of a hard landing for the UK, one day after the Bank of England predicted that inflation will top 10% and the economy could fall into recession.Sir Martin Sorrell, the Sage of Soho to some, says a “perfect storm” of supply chain difficulties, the Ukraine war, the oil price …
Business
Sky News
Chelsea FC sale: Dividend ban and debt limits feature in ‘anti-Glazer’ takeover deal
The new owners of Chelsea Football Club would be prevented from paying dividends or taking management fees for a decade under a package of measures designed to avoid the controversies which have dogged Manchester United since the Glazers’ takeover in 2005.Sky News can exclusively reveal that a consortium majority-funded by private equity firm Clearlake Capital …
Business
Sky News
Hungary puts EU’s ban on Russian oil in jeopardy
Hungary has warned it cannot accept the EU’s planned ban on Russian oil as it would amount to an “atomic bomb” for its economy, threatening to scupper the bloc’s sixth sanctions package against Moscow.Prime Minister Viktor Orban – no stranger to disputes with the bloc’s executive – told state radio he was ready to negotiate …
Business
Sky News
‘Destruction of UK pig sector’ looms unless Tesco pulls its weight, chain is warned
Tesco, the UK’s largest supermarket chain, has been warned it must do more to help struggling pork producers or risk “the destruction of the UK pig sector”.The chairman of the National Pig Association (NPA) Rob Mutimer used an open letter to Tesco boss Ken Murphy to argue that the company was uniquely positioned, because of …
Business
Evening Standard
Interest rates raised to 1% by Bank of England – the highest rate in 13 years
The cost of living squeeze tightened for thousands of London home owners on Thursday as the Bank of England raised its benchmark interest rate to one per cent.The 0.25 per cent increase – described as a “bitter blow” for London homeowners – was an unprecedented fourth rise on the trot from the Bank’s rate setting …
Business
Evening Standard
Bank of England warns of recession and says inflation will hit 10%
Inflation will top 10% by the end of the year, the highest rate since 1982, the Bank of England warned today.It also said the UK risks sliding recession due to higher energy prices, as it presented one of the most negative outlooks many in the City can remember.The Bank offered the glum assesment as it …
Press Release
Pressat
Cyber Yachts Files Revolutionary Metaverse Patents
Miami, FL – Cyber Yachts, the world’s first metaverse yacht company, is announcing it has been awarded patent-pending status by the United States Patent and Trademark Office (USPTO). The patents relate to revolutionary technology developed for Cyber Yachts’ NFT and metaverse projects. The company is on track for a summer launch of its slate of …
Business
Sky News
If things feel tough today, then just wait – Ed Conway’s analysis
If there is one message from the Bank of England’s forecasts today, it is this: if things feel tough today, then just wait. By the end of this year they will feel much, much tougher. That is a deeply unpalatable message – the kind of message for which economics has earned its nickname as the …
Business
Sky News
Interest rates, international travel and rising price of milk
On today’s episode, Ian King discusses the Bank of England’s interest rate decision and what that means for families across the UK.He’s also joined by the chief executive of Trivago, Axel Hefer, who speaks about the optimism around international travel.And the price of milk is on the rise as a result of higher supply chain …
Press Release
Pressat
NTT and Grok team up to transform the network with Artificial Intelligence-designed, data-driven operations
Partnering to deliver network operation services combining Artificial Intelligence (AI) and machine learning (ML) innovationsSupporting demanding business environments through network services at scale to reduce complexity, drive automation, and provide proactive response and insightsCreating more adaptable networks that can react to the business and be more available to users London, UK – 5th May 2022 …
Business
Business Live
Petards returns to profit following restructuring of EyeTrain division and hints at acquisitions
Security technology specialist Petards says a reduced cost base and strong trading across its traffic products division has helped it return to profit. Announcing full year results for 2021, the Gateshead-based firm said operating profit was £570,000, a turnaround from 2020’s operating loss of £1.14m, while revenue increased from £13m to £13.5m. It said the …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources