Private equity firm Apollo Global Management has said it is buying British parcel delivery firm Evri in a £2.7 billion deal. Apollo is set to buy Evri from Advent International, the private equity firm which bought the company, then the UK operations of the Hermes delivery group, for one billionContinue Reading
Many car manufacturers would “struggle to comply” if Labour enacts its pledge to reinstate the 2030 ban on new petrol and diesel cars without flexibilities, a senior automotive industry figure has warned. Mike Hawes, chief executive of trade body the Society of Motor Manufacturers and Traders (SMMT), suggested the GovernmentContinue Reading
Cybersecurity firm CrowdStrike is facing new criticism after offering a ten dollar UberEats voucher as an apology for the major global IT outage last week which grounded flights and cancelled medical appointments. A flawed software update from the company impacted around 8.5 million Windows computers worldwide last Friday, bringing businessesContinue Reading
The financial technology powerhouse Revolut has finally obtained a long-anticipated banking licence from the Bank of England’s Prudential Regulation Authority (PRA), enhancing its capability to compete with traditional high street banks and providing improved consumer protections for millions of UK customers. Revolut’s pursuit of this licence spanned three years, significantlyContinue Reading
Revolut has secured a UK banking licence, marking the end of the fintech giant’s three-year wait for approval to operate as a bank in its home market. A licence means the company will be able to hold customer deposits, and offer lending products like credit cards, personal loans, or mortgages. TheContinue Reading
Lloyds has revealed its earnings dipped this year as the banking giant generated less income despite borrowing costs remaining higher. The banking group, which also includes Halifax and Bank of Scotland, said it made a pre-tax profit of £3.3 billion in the first six months of the year. This marksContinue Reading
Dr. Jaime Klimsey Pickett is a distinguished leader and Chief Executive Officer in the veterinary field, blending advanced medical practices with innovative business strategies. With a passion for animal welfare and a background in business management, Dr. Pickett is dedicated to pushing the boundaries of veterinary care while fostering aContinue Reading
The FTSE 100 dipped on Wednesday as a sell-off in tech stocks knocked Wall Street and luxury firms also finished lower. Burberry was among London’s fallers after the luxury sector was weighed down by lower-than-expected sales at French powerhouse LVMH (Louis Vuitton Moet Hennessy). Elsewhere in the City, housebuilders wereContinue Reading
Unions have warned ministers to act on a “window of opportunity” to end looming bin strikes after council leaders voted to ask the Scottish Government for additional money. Cosla, the body which represents Scotland’s 32 local authorities, agreed the decision at an emergency meeting on Wednesday. It comes as wasteContinue Reading
ScottishPower said its earnings fell 11% in the first half of the year to just over £1 billion, after an energy crisis allowance payment in 2023 from Ofgem was not repeated this year, affecting its bottom line. The company saw significant gains in its network and renewables arms, while earningsContinue Reading
