Britain’s leading bakery chain, Greggs, has encountered technical difficulties with payments, resulting in the closure of some of its stores.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
UK AI Minister warns of rising cyber threats to large businesses
Government data reveals that three quarters of medium and large sized businesses were hit by a cyber incident in the past year, as attacks against large businesses are on the rise.
Ted Baker Faces Administration, Putting Hundreds of Jobs in Jeopardy
Fashion retailer Ted Baker is on the brink of administration, posing a threat to hundreds of high street jobs across Britain.
Bentley Revels in £500m Profits as Wealthy Pursue Personalised Cars
Luxury carmaker Bentley is capitalising on the growing trend among the globe’s wealthiest individuals who are choosing to invest hundreds of thousands of pounds in “levels of personalisation that we’ve never seen before,” according to company statements.
Crisis talks to save historic Derby rail plant from closure
Ministers engage in urgent discussions with Alstom to avert closure of Derby train manufacturing works, amid threats to move production abroad. Thousands of jobs hang in the balance
Education Secretary Challenges Big Firms’ Plea Over Apprentice Levy
In a recent development, Education Secretary Gillian Keegan has criticised large employers advocating for a shift in apprentice levy funds, highlighting potential repercussions for young apprenticeships. Here’s a breakdown of the situation and its implications for businesses.
Britain Set to Trial ‘Flying Taxis’ by 2026, Potentially Boosting UK Economy by £45bn
The UK is gearing up to trial its first electric flying taxis by 2026, a move that could see these futuristic modes of transport in regular use by the end of the decade, according to government sources.
Criminal fraud trial of UK tech tycoon Mike Lynch to begin today
The highly anticipated criminal fraud trial of Mike Lynch is set to commence in San Francisco today.
Recession Concerns Ease as Economic Growth Diversifies Across UK Sectors
In a positive turn of events, economic growth has become more widespread across the UK’s private sector, reaching a ten-month high in February.
‘Deepfake’ Music Start-up Voicify Faces Copyright Dispute
The UK music industry has initiated its first legal action against AI “deepfake” technology, targeting a start-up that produces songs emulating the voices of renowned musicians like Amy Winehouse, Rihanna, and Drake.
Naked Wines Seeks Debt Adviser Amid Share Price Decline
Naked Wines, the online wine retailer listed in London, has taken a strategic step by engaging debt advisers to explore potential refinancing solutions in response to challenging market conditions.
Government Warned Weak Heat Pump Uptake Hampers Emission Reduction Efforts
The government is facing censure from the National Audit Office (NAO) over insufficient progress in encouraging households to transition to clean heating, with uptake of heat pumps falling significantly short of expectations.
Post Office to be Excluded from Horizon Compensation Process, Minister Confirms
The Post Office will no longer be responsible for administering compensation for victims impacted by the flawed Horizon software.
Thames Water Lenders Enlist EY as Debt Deadline Nears
As the looming deadline for £190 million in debt owed by Kemble Water, the parent company of Thames Water, approaches, a consortium of lenders has taken proactive steps by engaging the services of EY, a leading accountancy firm, to guide them through the negotiation process.
Branson Trims Workforce at Virgin Group HQ
Sir Richard Branson’s Virgin Group is set to trim its workforce at its London headquarters as part of a consolidation effort involving two of his enterprises.