Spotify is cutting almost 1,600 jobs as the music streaming service blamed a slowing economy and higher borrowing costs in the latest round of redundancies at big tech companies. Daniel Ek (pictured), Spotify’s billionaire founder and chief executive, revealed that the company had decided to cut 17% of its workforce,Continue Reading

The pressure on house prices is expected to continue over the next 12 months as competition among sellers intensifies. The rapid rise in interest rates has pushed up the cost of mortgages and weighed on both transaction volumes and prices. Rightmove, the property search website, believes that the average askingContinue Reading

Octopus Electric Vehicles (Octopus EV) has agreed a £550 million debt securitisation facility from Lloyds Bank to fund electric vehicles, accelerating total EV funding to £1.2 billion. The funds from this deal will play a pivotal role in financing Octopus’ flagship EV salary sacrifice programme. Launched in 2021, this schemeContinue Reading