Thames Water and the regulator Ofwat have refused to be drawn on speculation fines will be cut in a bid to reduce the debt burdens facing the company and ultimately …
Financial Planning
Election 2024: Sunak wants to ‘scrap rip off degrees in favour of 100K apprenticeships’
Rishi Sunak has pledged to scrap what he called “rip-off degrees” in favour of creating 100,000 more apprenticeships per year, in his latest general election policy announcement. The Prime Minister …
Is the Bank of England’s quantitative tightening causing problems for banks?
Lenders have been increasing their use of the Bank of England’s short-term lending facility over the past few weeks. Last week, investors borrowed over £16bn from the Bank’s short-term repo …
Lime, Labour’s Hackney councillor and a controversial e-bike tender
Hackney’s Labour transport councillor has denied a partnership between his charity and Lime constitutes a conflict of interest, ahead of a looming decision on whether the electric bike firm’s contract …
What small business leaders want from the General Election 2024
Small business support leaders have named access to finance, taxes, and sustainability support as some of their core areas of hope for pro-business policies ahead of the general election on …
Anglo American rejects BHP request to extend takeover talks
Anglo American has rejected a request from BHP to extend a takeover deadline today in a move that could blow apart the potential mining mega-merger. After BHP requested an extension …
Ocado set to fall out of FTSE 100 after shares crash
The FTSE 100 looked set to throw Ocado out of its shopping basket on Wednesday following a plunge in the value of the online retailer’s shares. Ocado’s valuation dropped from …
St James’s Place set to plummet out of FTSE 100
St James’s Place is expected to fall out of the FTSE 100 after ten years in London’s main index. The wealth manager, along with Ocado, is expected to be replaced …
Deliveroo, Just Eat Takeaway, Delivery Hero, and Doordash lose nearly £16bn over seven years
Europe and the US’s top online food delivery companies have collectively lost over $20bn (£15.6bn) in operating losses over the past seven years as the stocks languish. Following the pandemic-induced …
Bioscope: Cambridge biotech gold extractor firm eyes IPO
A Cambridge-based firm that can extract gold and precious metals from old circuit boards for electronic devices is mulling an initial public offering. Bioscope Technologies, which uses micro-organisms to draw …