Nationwide to complete £2.9bn takeover of Virgin Money after FCA and PRA approval September 6, 2024 Nationwide is to complete its £2.9bn takeover of rival Virgin Money next month after the deal was given the green light by the UK’s financial regulators. The banks said in statement issued to the London Stock Exchange that the Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority (PRA) have both approved [...]
Online searches for shared workspaces more than double as more Brits move towards hybrid working July 27, 2022 Interest in companies providing shared workspaces continues to rise as businesses look for new approaches to hybrid working. In fact, online searches for ‘WeWork’ more than doubled (up 144 per cent) in the first six months of 2022 compared to last year, while searches for ‘Workspace’ rose by nearly a third (32 per cent), as [...]
Royal Mail prepares for holiday rush with 16,000 hires October 3, 2023 Royal Mail is ramping up its Christmas operations, enlisting the help of 16,000 temporary workers to ensure the busiest time of the year runs smoothly for the British postal service. The temporary employees will help 110,000 posties sort and deliver packages ahead of and throughout the holiday season, including over the annual Black Friday and [...]
Tinder, Hinge, Bumble and Grindr look to AI to rekindle the romance with users September 1, 2024 Tinder, Hinge, Bumble and Grindr are all embracing artificial intelligence (AI) in a bid to woo back their users who have fallen out of love with dating apps. New AI features are aiming to help eligible singles find a match made in algorithmic heaven by offering users suggestions to improve their profiles and instant feedback [...]
Ted Baker: 245 jobs and 15 stores including London Bridge slashed by administrators April 8, 2024 Over 200 jobs and 15 Ted Baker stores have been terminated as part of its administrative process, in another blow to high street.
Wimbledon tennis expansion: Deputy Mayor to deliver final-ish decision on seemingly endless planning application January 23, 2024 Wimbledon organisers claim they need the extra space - on land they own - to deliver a world-leading tournament and revenues that will benefit the wider sport
Tracsis: Revenue dips at transport tech firm after election disruption August 29, 2024 Transport technology provider Tracsis has reported a dip in revenue caused by the general election, but said that disruptions have now subsided and that it has returned to normal operations. The AIM-listed firm expected revenue of £81m in the year ended 31 July 2024, down by just £1m from 2023. It expected adjusted earnings before [...]
London set for AI tech boost as Microsoft to open state-of-the-art Paddington hub April 8, 2024 Microsoft will open a new hub for developing its artificial intelligence (AI) technology in London, it has been announced.
Former St James’s Place boss denied £450k bonus after tumultuous 2023 April 8, 2024 The board of wealth manager St James’s Place has cancelled a £456,700 bonus due to its former chief executive for 2023 after his final few months in the role saw the FTSE 100 firm in turmoil from excessive fees.
Unilever considers sale of Kate Somerville’s skincare line August 27, 2024 Kate Somerville’s premium skincare brand has become the latest Unilever brand to go up for sale as the group continues its restructuring plan announced earlier in the year. As well as Somerville’s eponymous facialist line, which the FTSE-100 giant has owned since 2015, it is also looking to offload sensitive-skincare specialist REN Skincare, according to [...]