Britain needs to fix the public finances, export more and improve its education standards to compete better on the global stage, according to the World Economic Forum.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
Dragon Bannatyne goes toe-to-toe in court with closest friend & director
Duncan Bannatyne is no stranger to the harsher side of life but the gruff entrepreneur is dealing with what is a new experience — betrayal and dramatic loss in profits from leisure group.
Bernie Ecclestone fights to stop Red Bull quitting Formula One
Bernie Ecclestone warned last night that Red Bull could walk out of Formula One if European Union investigators demand that they hand back £46 million in special payments.
Pru Leith: I’m not proud of my affair but it was good for my business
Prue Leith says her long-term affair as a young woman had given her the freedom to work after her lover went home to his family
Roman Abramovich gets £45m loan from UK taxpayer
Taxpayers are to lend £45 million to a company controlled by Roman Abramovich, one of the world’s richest men, as part of a government export drive.
Jamie Oliver reins in business empire laying off staff & cuts back TV activity
There are reports that a recent shake-up at Fresh One — the production company responsible for Oliver’s shows, including his current Channel 4 series Jamie’s Super Food — of which he is the sole shareholder.
India cuts interest rates by more than expected
India’s central bank has cut its key interest rate for the fourth time this year, and by more than expected.
SFO to press Barclays over £7bn fundraising in private hearing
The Serious Fraud Office will apply for access to evidence regarding how Barclays bank raised the funds needed during the 2008 financial crisis.
China lifts iPhone sales to an even higher level
Apple has smashed its iPhone sales record after selling 13 million of its newest handsets in the first weekend after their launch.
Business chiefs must halt lurch to the left, says Lloyd’s chairman
Big business must significantly improve its relationship with society if it wants to ward off the threat of a political “lurch to the left”, one of the City’s leading businessmen has warned.
Spotify & Netflix oust Rolex & Sony as most desired brands
The annual CoolBrands Top 20 has found that new digital entertainment companies are perceived to be cooler than more established titans such as Sony, Bose, Rolex and Selfridges
BOE to Hold Fire Until Mid-2016 Amid China Slowdown
The Bank of England will keep interest rates at a record low until the middle of 2016 as the slowdown in China and emerging markets casts a shadow over the U.K. economy, a think tank said.
Labour conference: John McDonnell to push for ‘Robin Hood tax’
John McDonnell looks set to use his first Labour conference speech as shadow chancellor to push for a “Robin Hood tax” on stock market trading.
RBS to face inquiry into ‘falsifying’ client files
Regulators are to examine claims that Royal Bank of Scotland has falsified customer records.
Chinese turmoil knocks wind out of UK finance firms’ sails
Volatile financial markets and China’s economic slowdown are taking a toll on the City of London and Britain’s wider financial services industry, slowing down the sector’s previously rapid growth.