Bankrupted Alpha Insurance hits Zurich Insurance with lawsuit October 21, 2024 A bankrupted Danish insurance company has launched legal action in the English High Court against insurance giant Zurich
Workers’ rights reform set to slap British businesses with £5bn bill October 21, 2024 British businesses are set to be imposed with a £5bn additional cost annually as a result of the new workers' rights, with smaller businesses in hospitality and retail set to hit the hardest
Margaret Thatcher’s Westminster home is up for sale October 21, 2024 Political junkies, rejoice! The central London house, which served as Margaret Thatcher’s home after she fell from power and John Major’s headquarters during his tenure, is officially up for sale at £3.65m. The three-bedroom Georgian townhouse on Great College Street packs a political punch. It has also served as a place for Conservatives to gather [...]
UK music exports hit all-time high October 21, 2024 UK music exports rose by 7.6 per cent in 2023 to an all-time high of £775m, a landmark achievement for the British music industry. Yet, new data from the British Phonographic Industry (BPI) revealed that this growth in exports has slowed compared to 2022. Exports grew 20 per cent in 2022. Over 500 UK artists [...]
‘Silent crisis’ for retailers with record online returns – but can fees stop it? October 21, 2024 Online returns are set to top £27bn this year as the ‘silent crisis’ continues to squeeze retailers, with over a fifth of non-food purchases now returned, according to fresh data. With 10 per cent of shoppers accounting for a quarter of all returns, so-called ‘serial returners’ will make up £6.6bn of that figure – with [...]
Microsoft launches AI ‘agents’ to woo investors ahead of earnings October 21, 2024 Microsoft has launched a suite of artificial intelligence-powered ‘agents’ geared towards businesses, as the tech giant continues to build out its suite of AI products in a bid to stay ahead of the competition and woo investors. At its AI Tour event in London on Monday, Microsoft boss Satya Nadella introduced the autonomous agents, which [...]
NHS: Google faces appeal over patient data deal with London’s Royal Free Hospital October 21, 2024 Tech giant Google is back in court this week as it seeks to defend off an appeal over a ruling to throw out a data privacy class action against it
Reeves tax raid ‘risks harming UK economy’, top business groups warn October 21, 2024 Some of the country’s top business groups have warned that Rachel Reeves’s rumoured plans to ditch a slew of tax breaks for entrepreneurs at the budget “risk harming” the economy and dissuading founders from setting up companies in Britain. In an open letter to the Chancellor today, four business groups representing over 1200 UK founders and investors, [...]
UK banks brace for Budget tax raid despite lobbying efforts October 21, 2024 UK banks are bracing for a tax raid in Labour's maiden Budget as new analysis reveals the sector is already paying a significantly higher rate than counterparts in the US and EU.
Gold glitters as investors seek safe haven amid geopolitical tensions October 21, 2024 Gold prices surged to an all-time high of $2,730 (£2,093) this morning as investors sought safe-haven assets amid rising geopolitical tensions. This means that the price of the yellow metal has surged 38 per cent this year. The rally has come as conflict intensified between Lebanon and Israel, with fears growing over a broader regional [...]