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£10.5m funding deal accelerates next stage of growth for Yorkshire SME
A Yorkshire-based property company, which specialises in buying homes for cash in just seven days, is eyeing further expansion having gained full shareholding ownership of the business after securing a £10.5m funding solution. The Property Buying Company based in Wetherby, is primarily utilising the facility provided by Reward Finance GroupContinue Reading
Spotify cuts almost 1,600 jobs amid rising costs
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
Horner issues warning to Red Bull staff in Mercedes and Ferrari prediction
Christian Horner has warned his team against complacency as Red Bull look to make it three consecutive Constructors’ Championship titles. He predicted that Mercedes, Ferrari and McLaren would pose the biggest threat to that achievement next season. The Milton Keynes-based team dominated the 2023 season from start to finish, winningContinue Reading
Selling your home could be about to become a lot harder
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 EV silently speeds past £1 billion electric car funding
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
Department for Business & Trade delegation land in UAE to promote international collaboration at COP28
The Department for Business & Trade’s (DBT’s) delegation has landed in the United Arab Emirates to promote international collaboration and address COP28 on the world’s most pressing climate issues. The delegation will address representatives from attending countries on key topics such as the role of technology in both adding toContinue Reading
UKEF joins new international alliance to help export finance reach net zero
UK Export Finance has rallied together export credit agencies from around the world to join a Net Zero Export Credit Agencies Alliance being launched today at the COP28 summit. Backed by the UN’s Environment Programme Finance Initiative, the partnership will promote greater action from export credit agencies and EXIM banksContinue Reading
Arsenal, Liverpool and Man City’s next fixtures compared as title race hots up
Never in Premier League history have the top four accumulated so many points after 14 rounds of matches, making the 2023/2024 campaign the most competitive season to date – at least according to statistics. Most believe it is a three-horse race between Arsenal, Liverpool and Man City for the trophyContinue Reading
4 tips to help your loved one with dementia enjoy the festive season
Ground Picture/Shutterstock The festive season is fast approaching, and if you’re organising celebrations with family or friends, you might be grappling with a seemingly endless to-do list. But as you make these plans, it’s important to consider how you can best include any friends or loved ones living with dementia.Continue Reading
Turmoil at OpenAI shows we must address whether AI developers can regulate themselves
OpenAI, developer of ChatGPT and a leading innovator in the field of artificial intelligence (AI), was recently thrown into turmoil when its chief-executive and figurehead, Sam Altman, was fired. As it was revealed that he would be joining Microsoft’s advanced AI research team, more than 730 OpenAI employees threatened toContinue Reading