Business

Technology entrepreneur Tom Adeyoola has been named as the government’s preferred candidate to head Innovate UK, the country’s £1.1 billion-a-year innovation agency, at a pivotal moment for the organisation. The Department for Science, Innovation and Technology confirmed that Adeyoola, 47, is in line to replace Indro Mukerjee in the £195,000-a-year role. The appointment comes as […]

Frasers Group has voted to block Boohoo’s attempt to change its holding company name to Debenhams, escalating a long-running feud between the UK retail giants. The move, led by Mike Ashley’s group, which owns a 27 per cent stake in Boohoo, effectively prevented the resolution from passing at a general meeting on Friday. The motion

The UK’s £8 billion-a-year R&D tax credit scheme is facing a major shake-up as the government moves to tackle widespread fraud and error while improving accessibility for genuine claimants. Proposals outlined in a consultation published alongside the Spring Statement suggest that businesses may soon be required to obtain formal pre-approval — or “advance assurance” —

Apprenticeship and workplace training provider Multiverse has posted a 29 per cent rise in sales to £58.4 million for the year ending March 2024, but its losses also deepened, underscoring the high cost of its rapid expansion. Founded by Euan Blair, son of former Prime Minister Sir Tony Blair, the company reported pre-tax losses of

President Donald Trump’s sweeping new tariffs on car imports could reshape global trade routes — and push the UK into pole position as the most important export market for Germany’s automotive industry. That’s the opinion of leading audit, tax and business advisory firm Blick Rothenberg. With a 25 per cent tariff on all German car

UK retail sales delivered a surprise boost in February, rising by 1 per cent month-on-month and defying expectations of a downturn, as consumers continued to spend on clothing, homewares and household goods despite lingering economic uncertainty. The latest figures from the Office for National Statistics (ONS) mark the second consecutive month of growth in retail

WH Smith, one of the UK’s oldest and most recognisable retail brands, is set to vanish from the high street after 233 years following the sale of its high street division to Modella Capital for £76 million. The historic books and stationery chain, established in 1792, has sold its entire portfolio of 480 UK high

Individual Savings Accounts (ISAs) are a popular way to save and invest in the UK due to their tax advantages. However, if you’re in a relationship, married or just wondering if you can open a joint ISA with someone, the answer is no. Unfortunately, joint ISAs are not allowed under current UK tax rules. This

In today’s fast-paced, technology-driven world, it’s easy to spend most of our time indoors -whether at work, home, or commuting between the two. However, spending time outdoors is essential for both our physical and mental wellbeing. Engaging in outdoor activities can boost health, enhance mood, improve productivity, and even contribute to better sleep quality. We

Chancellor Rachel Reeves’s Spring Statement announcement to cut 10,000 back-office civil service roles has drawn support from leading policy recruitment experts, who see the move as a long-overdue correction that could increase public sector efficiency and create new career pathways. Lauren Maddocks, Associate Director at specialist recruiter Policy by Murray, described the planned reductions as