A court trial has commenced for a 24-year-old British man, heir to a prominent business empire, for allegedly stabbing a childhood friend to death on Christmas eve last year in Cardiff, Wales. Accused Dylan Thomas (BBC) Dylan Thomas, accused of killing William Bush, 23, is the grandson of Sir Gilbert Stanley Thomas, whose empire of...
Category: Bussiness
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Why British High Commission installed London phone booth at Lagos Airport
The British High Commission has installed a replica of the London phone booth at the Murtala Muhammed Airport Terminal Two (MMA2) to mark the kick-off of its ‘JollofandTea’ campaign in Lagos. The commission’s Head of Communications, Ms Aseosa Uwagboe, told the News Agency of Nigeria (NAN) that the campaign was to support cultural and creative...
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UK growth slows but December interest rate cut unlikely; vaccine-maker shares hit by RFK Jr nomination – as it happened
December interest rate cut unlikely despite summer slowdown High interest rates also weighed on the UK economy over the summer. The Bank of England kept interest rates at a 16-year high of 5.25% until August, when it cut them to 5% (followed by a cut to 4.75% last week). Suren Thiru, ICAEW economics director, suspects...
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Viljar Lubi: British business awaits bold governmental decisions
Rapidity and flexibility are also being leveraged right now by the U.K. and its government. The basis of a successful economic policy is entrepreneurial risk-taking. Unfortunately, the world is no longer as predictable and secure as we were used to even five years ago. But the economy’s fundamentals have not changed much. So does this...
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UK economy barely grew between July and September
Getty Images The UK economy barely grew between July and September, with uncertainty about the Budget being blamed for the weak growth. The economy slowed over the three-month period, growing by just 0.1%, and shrank during September itself. Labour made boosting economic growth its top priority when it came into power but Chancellor Rachel Reeves...
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UK economy barely grew between July and September
Speaking to the BBC, the chancellor said growth was the “number one mission” of the government, and she wanted “growth to be stronger and to be felt by families across the United Kingdom”. Reeves had been accused of talking down the economy ahead of the Budget, but asked if her comments had affected spirits, she...
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British Business Bank completes £250m LIFTS investment with Schroders Capital
The British Business Bank has completed its £250m commitment to the fund, which will be matched by £250m of pension investment from Phoenix Group, creating a £500m investment vehicle. Phoenix’s investment will be made through its new private markets joint venture with Schroders, Future Growth Capital. Following approval from the UK’s Financial Conduct Authority in...
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Reset to Hong Kong-UK ties? Country’s official to meet city leaders during visit
A senior official from the United Kingdom is in Hong Kong to meet government officials and the British business community, in a sign the country’s new administration is moving to revitalise bilateral relations after a fraught few years. Minister for the Indo-Pacific Catherine West arrived the day before to “discuss areas of cooperation and challenge...
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Capco launches energy practice in the UK market
Global management and technology consultancy Capco has rolled out its energy practice in the UK. The wing will be headed up by Rob Deakin, who has been with the consultancy for more than 13 years. With a growing client portfolio comprising of over 100 global organisations, Capco is a global technology and management consultancy specialising...
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Irizar Group to Expand UK Presence
During its participation at Euro Bus Expo, Irizar Group has confirmed its plans for future growth in the UK, including the development of a new headquarters near Blyth. Irizar Group is presenting three of its latest-generation vehicles at the event: the Irizar i8, the new-generation Irizar i6S Efficient, and the Irizar ie tram electric vehicle....
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Murphy’s UK Trip Affirms Strong Partnerships and New Economic Opportunities
General Business On Nov 13, 2024 Gov. Phil Murphy has concluded his two-city, five-day economic mission to the United Kingdom with the state reinforcing its longstanding relationship with the UK. Strategic discussions with UK officials and regional leaders highlighted international investment as a crucial catalyst for generating high-quality jobs in New Jersey and boosting the...
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FlixBus Continues Its UK Expansion with New Partnership
At Euro Bus Expo, FlixBus has announced a significant new partnership with trentbarton, a bus operator based in Derbyshire. The announcement was made by FlixBus UK Managing Director, Andreas Schorling alongside trentbarton Managing Director, Tom Morgan. The collaboration is part of FlixBus’ ongoing and considerable expansion since its 2021 launch in the UK market. By...