Business News

Bank Referral Scheme Launched

Adam Pescod

The government's bank referral scheme obliges nine major UK banks to refer small businesses to alternative lenders when they are rejected for finance

Google Launches New Travel App

Adam Pescod

Google has entered the travel app market with the launch of Google Trips, which helps travellers plan their whole holiday on their smartphone

‘Nothing has Changed’ for Fintech Following Brexit

Adam Pescod

Alternative finance leaders say it’s been business as usual following the EU referendum, but express concern about recruitment for UK fintech startups

‘Social Dining’ Startup VizEat Raises €3.8 Million

Adam Pescod

VizEat, the company that allows amateur chefs to host dinner parties and cooking classes, is eyeing up new cities following its latest round of investment

Executive Pay Targeted by Government White Paper

Adam Pescod

A new report reveals that FTSE 100 bosses earn 150 times more than employees, and says executive pay should be decided by a ‘shareholders committee’

Apple Ordered to Repay Irish Tax of €13 Billion

Adam Pescod

The European Commission rules Apple is to pay unpaid tax of up to 13 billion to the Irish government, as yet another corporation facing public backlash

Octopus Investments Launches Fintech Accelerator

Adam Pescod

Investment company Octopus Investments has launched an accelerator scheme for fintech startups as part of Octopus Labs, its new fintech business unit

Facebook's New Lifestage App Criticized by Privacy Campaigners

Adam Pescod

Lifestage, the video-sharing app that Facebook has launched for teenagers, has come under fire for not including any privacy settings or age verification

Government Says Deliveroo Must Pay Drivers National Living Wage

Adam Pescod

The government has told Deliveroo it can’t pay its workers less than the national living wage unless the courts decide that they are self-employed

Retail Banking Set for Shake-Up

Adam Pescod

The Competition and Marketing Authority criticizes lack of competition in retail banking sector, and vows to create fairer deal for customers and businesses

Suffolk and Norfolk Devolution Could Boost Business Growth

Adam Pescod

Suffolk and Norfolk devolution could bring more than £1 billion of funding to the region, and give businesses a greater say over local issues

Verizon to Acquire Yahoo's Web Properties for $4.8 Billion

Adam Pescod

Verizon, the US telecoms giant that also owns AOL, acquires Yahoo's web assets for $40 billion less than what Microsoft offered for the company in 2008

Settled Secures £1 Million Investment

Adam Pescod

Proptech startup Settled has closed a £1 million seed funding round led by Silicon Valley VC 500 Startups

National Living Wage has Little Impact on Employment

Adam Pescod

Businesses are responding to the National Living Wage by increasing prices and cutting profits, according to a new report

Government Report Outlines Future of UK Fintech

Adam Pescod

New government report, Stepping Forward, examines the heady growth of the fintech sector and reveals how the UK can become the fintech capital of the world

Chancellor George Osborne Pledges to Cut UK Corporation Tax to 15%

Adam Pescod

George Osborne says UK is still "open for business" following Brexit vote, as he outlines plan to cut corporation tax to lowest rate of all major economies

Facebook Update Could Spell Bad News for Businesses

Adam Pescod

Facebook has announced another update and published its News Feed Values for the first time, as it vows to put the interests of its users first

EU Referendum: Britain Backs Brexit

Adam Pescod

David Cameron announces he is to step down as Prime Minister after majority of British public votes in favour of leaving the European Union in referendum

Microsoft to Acquire LinkedIn for $26.2 Billion

Adam Pescod

Microsoft's acquisition of LinkedIn is the biggest in the company's history, eclipsing the $8.5 Billion it paid for Skype in 2011

New Proptech Company Seeks £1 Million to Grow

Elma Glasgow

New proptech company, Settled, puts the power into the hands of people selling and buying homes. It's also seeking more investment to grow its brand