Microsoft’s latest outage was the result of an attempted hack, it has said. On Tuesday, some of its apps were knocked offline in an intentional cyber attack, Microsoft said in an update. The company’s attempts to stop the hack actually amplified it, it noted. That meant that some of itsContinue Reading
In this exclusive Q&A with Hannah Fitzsimons, the CEO of Cashflows, Business Matters magazine delves into what SMEs need to know about cashflow Tell us about Cashflows Cashflows was created in 2010 with the goal to make taking and accepting payments as simple as possible through its end-to-end in-house offering.Continue Reading
Profits have plunged at Coventry Building Society after it tussled with the lasting effects of an “exceptional operating environment” in 2023. Pre-tax profits fell to £159 million in the first half of this year, down from £269 million during the same period in 2023. Mortgage balances grew 2.2% to £51.4Continue Reading
One crucial factor that directly impacts an automobile’s dependability and performance is the battery. In the past, determining the condition of a battery required laborious procedures involving load testing and hydrometer data. Despite their value at the time, these methods’ subjective nature frequently led to inconsistent results. With the incorporationContinue Reading
The Labour government is set to significantly increase funding for clean energy projects, announcing a record £1.5 billion for its summer subsidy auction—a 50% increase over previous figures. This boost aims to revitalise the UK’s clean energy sector after the previous administration failed to secure any new offshore wind contractsContinue Reading
The rising tide of workplace sickness in the UK now costs over £100 billion annually, largely due to lost productivity caused by “staggering” levels of presenteeism, a new report reveals. An analysis by the Institute for Public Policy Research (IPPR) shows that the cost of staff sickness has surged byContinue Reading
Chancellor Rachel Reeves has indicated that taxes are likely to rise in Labour’s first budget, although she ruled out increases in national insurance, VAT, or income tax. In an interview on the News Agents podcast, Reeves did not exclude potential hikes in inheritance tax, capital gains tax, or changes toContinue Reading
Carpetright’s recent collapse has left customers, suppliers, and landlords facing an estimated £213 million loss, with many expected to recover less than 1p for every pound owed. The collapse of Britain’s largest flooring chain has impacted hundreds of unsecured creditors, including high-profile names such as Royal Mail and Microsoft, accordingContinue Reading
The government has been compelled to cover nearly £45 billion in losses incurred by the Bank of England over the past year, raising concerns about the sustainability of current monetary policies. According to the Bank’s annual report, a transfer of £44.5 billion from the Treasury was necessary in the 2023-24Continue Reading
Labour’s January introduction of VAT on private school fees has caused widespread concern among parents and independent schools, predicting inevitable closures due to the unexpected timing. Parents have expressed shock and dismay over the Chancellor’s decision to impose VAT on private school tuition fees from January, mid-academic year. Monday’s announcementContinue Reading
