Latest business news
From following an escort agency to endorsing a spoof Twitter account of Iain Duncan Smith, David Cameron’s Twitter booboos keep getting more cringeworthy.
The Advertising Standards Authority has forced Paddy Power to withdraw its highly controversial Oscar Pistorius advert “with immediate effect” after it became the most complained-about advert of all time in the UK, receiving 5,200 complaints.
More than 80 RBS staff were paid more than £1m last year. This was despite the taxpayer-backed bank reporting its biggest annual loss since being rescued by the UK government during the financial crisis.
Recent business news
One in every seven firms operating in the UK was founded by immigrant entrepreneurs, and immigrants to the UK are more likely than people born in the UK to launch businesses, according to a study by the Centre for Entrepreneurs think-tank and financial technology firm DueDil.
Dwindling North Sea oil revenues could mean that a newly independent Scotland will find itself failing to benefit from the upturn in the British economy and forced to borrow more in the short term, according to the Institute for Fiscal Studies (IFS).
A key MEP behind the European Union’s bankers bonus cap legislation has called on the European Commission to take the UK to court for “blatantly” sidestepping new rules limiting bonuses.
Elephant & Castle, in southeast London, is set to benefit from a £4bn fund which will see regeneration of many of the city’s run-down areas.
Although it may feel like it sometimes, London is not the world’s most expensive city. In fact, it fails to even make the top 10.
London’s officially become the UK’s congestion capital after the country’s 10 most congested roads were found here.
Patrick Rock, one of David Cameron’s senior aides, was arrested last month on child pornography allegations.
In a bid to boost the number of women on boards, Business Secretary Vince Cable is considering recommendations for all-women shortlists on FTSE 100 companies.
Bill Gates has officially unseated Mexico’s mobile tycoon Carlos Slim Helu to become the richest man in the world.
David Cameron is to increase personal tax allowance to more than £10,000 in the upcoming budget.
London businesses are being “clobbered” by high business rates, London Mayor Boris Johnson said yesterday.
London’s rapidly rising property market is proving to be a headache for many companies wishing to locate their employees in the capital. As property prices and rents hit record levels, London has become the second most expensive city to house workers.
The most recent world rich list has just been published, and it turns out that there are 77 billionaires in the UK.
The process by which the price of gold is set could be vulnerable to benchmark manipulation and could have been rigged for up to a decade, according to a leading academic who was among the first to spot the Libor rate rigging.
Surging house prices in the South East have seen plenty of people’s houses soaring in value. For members of David Cameron’s Cabinet, the housing boom has seen coalition leaders rake in an astonishing £5.5m since 2010, according to the Mirror.
Ukrainians living in London are set to protest in the capital today to demonstrate their opposition to the build-up of Russian troops in the Crimean region.
For an island nation with a population of less than 70 million, we sure do pack in a lot of billionaires.
Carson Yeung, the owner of Birmingham City Football Club, has been found guilty of money laundering in Hong Kong, where he is a citizen.
One in six British manufacturers have brought their manufacturing operations back to this country from overseas in the last three years, according to a survey by manufacturing trade body EEF.
The Russian rouble has hit an all-time low against both the dollar and the euro following Russia’s deployment of troops in Ukraine’s Crimea region over the weekend.