Business NEWS

Closing an Insolvent Company – How to Ensure an Orderly Entrance into Liquidation 

Even if a company is insolvent, as its director, you could think of liquidation as a last resort to avoid at all costs. While closing a company can dishearten directors wanting their company … Continue reading “Closing an Insolvent Company – How to Ensure an Orderly Entrance into Liquidation “


Inchcape exits UK retail arm

Automotive distributor Inchcape has agreed the sale of its UK retail operations for £346m. The business operates dealership franchises for brands including Audi, BMW, Jaguar, Land Rover, Mercedes-Benz, Toyota and Volkswagen. It employ … Continue reading “Inchcape exits UK retail arm”


Tesco reports strong growth in annual profit

Supermarket chain Tesco has reported a return to positive volume growth and strong sales and profit for the full year. Pre-tax profit for the 12 months to 24 February 2024 increased to £2.3bn, … Continue reading “Tesco reports strong growth in annual profit”


Ted Baker to close 15 UK stores

High street clothing retailer Ted Baker is to close 15 stores across the UK and cut 245 jobs. Stores in Birmingham, Bristol, Liverpool, Oxford, Leeds and Milton Keynes among those planned to shut. … Continue reading “Ted Baker to close 15 UK stores”


Fintech Founder Ozan Ozerk Shares Perspectives on AI at Qatar Web Summit

Global fintech founder Dr Ozan Ozerk joined the Qatar Web Summit 2024, which took place in Doha from February 26 to 29. Dr Ozerk and his co-panellist Edward Achtner, Head of AI at … Continue reading “Fintech Founder Ozan Ozerk Shares Perspectives on AI at Qatar Web Summit”


BT to convert 2,000 payphones into advertising screens

BT is to convert payphones into digital hubs in more than 200 towns and cities across the UK. The telecoms company has formed a 10-year partnership with outdoor media company Global to upgrade … Continue reading “BT to convert 2,000 payphones into advertising screens”


EU launches competition probe into Apple, Google and Meta

The European Union is to examine three of the biggest tech firms over possible breaches of competition rules. The non-compliance proceedings involve Apple, Google owner Alphabet, and Meta, which owns Facebook, Instagram and … Continue reading “EU launches competition probe into Apple, Google and Meta”


Unlocking Success: The Power of Employee Perks in Revitalising Workplaces

© BullRun / Adobe Stock A good work-life balance is something that modern employees strive for. They contribute significantly to your ability to recruit, retain, and inspire personnel. According to 64% of millennials, … Continue reading “Unlocking Success: The Power of Employee Perks in Revitalising Workplaces”


Next profit climbs to record high

High street clothing and homeware retailer Next has reported 5% growth in profit for the 12 months to the end of January 2024, to a record £918m. This is £3m above the company’s … Continue reading “Next profit climbs to record high”


Unilever to spin off ice cream brands

Unilever is planning to spin off its ice cream business, which includes the Wall’s, Cornetto, Ben & Jerry’s and Magnum brands. Around 7,500 jobs will also be cut as part of the restructuring. … Continue reading “Unilever to spin off ice cream brands”


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