The number of new cars registered in the UK has jumped by nearly 18% but electric vehicle demand is flatlining, prompting the industry to call for a VAT cut to stimulate sales. Annual figures released by the Society of Motor Manufacturers and Traders (SMMT) on Friday show 1.9m new carsContinue Reading
The Yorkshire city of Sheffield is to get a new competitor rail service to London, promising faster travel times than the existing trains. FirstGroup, the listed passenger transport company, has submitted plans to launch a so-called open access service between Sheffield and London King’s Cross from 2025. Open access railContinue Reading
One of the world’s largest insurance companies has been forced to pay thousands of pounds in interest to small businesses whose Covid insurance payout claims were delayed. The QBE Group’s initial payout just before Christmas of more than £386,000 to 86 companies raises the potential for a total outlay byContinue Reading
In an era defined by environmental awareness and sustainability, UK businesses are increasingly turning to solar energy as a viable and strategic solution. The rising importance of renewable energy sources has put solar power in the spotlight, emphasizing its critical role in reducing carbon footprints and operational costs. This trendContinue Reading
The recent expropriation of Sense Bank by Ukraine has prompted ABH Holdings S.A. (ABHH), the bank’s former owner, to take decisive action. On December 29, 2023, ABHH initiated legal proceedings by filing for arbitration and submitting a detailed statement of claim against Ukraine, seeking full compensation for the unjust seizureContinue Reading
Losing a loved one is an emotionally challenging experience, and that’s putting it mildly. There are very few experiences in our lives that will be as profound and disruptive as the death of someone that we care about. It is going to be hard to focus on anything, let aloneContinue Reading
The government has sold 1.03 per cent of its shares in Natwest as it continues to quietly reduce its stake in the bank. According to a stock exchange announcement, the Treasury reduced its stake from 37.97 per cent to 36.94 per cent. It is unclear what price the shares wereContinue Reading
According to a disclosure obtained by Axios, Fidelity, a mutual fund that owns a stake in X Holdings, has marked down the value of its shares by a staggering 71.5% since Musk’s purchase. This equates to a loss of approximately $31.5 billion, bringing X’s estimated value down to $12.5 billion.Continue Reading
In today’s fast-paced and competitive business landscape, maximising efficiency and productivity is the key to success. And one crucial factor that plays a significant role in achieving this goal is outsourced IT support. By delegating IT tasks to professionals, businesses can focus on their core operations and improve their overallContinue Reading
China’s BYD has taken the lead over Tesla as the top electric car maker worldwide. BYD, a Chinese automobile manufacturer, has surpassed Tesla, which is owned by Elon Musk, to become the number one seller of electric vehicles in the world. Warren Buffett, the renowned American investor, has been aContinue Reading
