ITI Capital, the global financial services provider for institutional investors and private clients, today announces that it has hired Leonardo Brummas Carvalho as Group Co-CEO and CEO of Wealth Management
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Cath Kidston makes 900 redundant after closing all 60 shops in online only strategy
“We’re here to brighten up your day,” Cath Kidston tells its followers but it was all gloom today when the chintz-inspired retailer made 900 workers redundant after striking a deal that shuts all 60 of its UK shops.
UK Companies rush to furlough staff and receive state aid before their cash runs out
More than two thirds of UK companies have already furloughed their workers and many are fast running out of cash, according to a survey tracking the impact of coronavirus on businesses.
1.5m more self employed workers file claims for universal credit
More than 1.5 million people have applied for universal credit since social distancing measures were introduced a month ago, underscoring the scale of the crisis in jobs and incomes.
UK SMEs estimate COVID crisis has already cost their company £277,000
The Coronavirus crisis has already cost UK SMEs an average £277,893 each – and 64% expect their revenues to decrease by half in coming months, according to new research released today.
British job seekers say claims ‘Just not true’ we’re too lazy for farm work
British applicants for jobs harvesting crops have said farmers have made it virtually impossible for them to secure the work despite a national appeal for a “land army” to save the UK’s fruit and vegetables.
Primark ‘could take two years to recover’ from coronavirus impact
Associated British Foods was out of fashion this morning after bosses laid bare the impact of the coronavirus on Primark, its star asset.
SME’s in shared offices protest at government SBRR grant scheme loophole
A petition signed by 11,900 UK small businesses angry at missing out on £1bn worth of Covid-19 Small Business Grants will now be investigated by the Government.
“Alarming” number of self-employed don’t qualify for government support
An “alarming” number of self-employed individuals in the UK won’t qualify for government support, a new survey suggests.
Virgin Australia goes into administration after government rejects nine bailout attempts
The Australian arm of Sir Richard Branson’s Virgin airline group has gone into voluntary administration to recapitalise the business after the Australian government rejected nine different bailout plans.
Full-year sales at John Lewis stores could fall 35 per cent
Full-year sales at John Lewis could fall around 35 per cent, around double the current level, as the department store faces a significant drop in demand due to the coronavirus pandemic.
Over half of locked-down Brits want to spend less time on social media
Over half of locked down Brits want to spend less time on Facebook and Instagram
Stella McCartney joins Victoria Beckham in furloughing staff
Fashion designer Stella McCartney has furloughed hundreds of her staff and asked those who remain working to take a pay cut during the coronavirus crisis.
Lord Sugar says Apprentice could air two series in one year after filming for latest show was cancelled due to coronavirus
Lord Sugar has revealed the BBC is in talks to air two series of the Apprentice in one year after filming for the latest show was cancelled due to coronavirus.
Virgin Atlantic will close with loss of tens of thousands of jobs without aid, warns Branson
Sir Richard Branson has warned that airline Virgin Atlantic needs government support to survive.