Category Business

Bank failures since 2001, scaled by amount of assets in 2023 dollars.     The graphic above, via Flowing Data, puts recent events into perspective: At $209 billion in assets, the Silicon Valley Bank failure since  Washington Mutual crashed in…

A producer of honey-based products including craft gins has revealed plans to call in administrators after failing to secure long-term funding and a sale of the business. Oxfordshire-based British Honey Company (BHC), best known for its Keepr’s and Two Birds…

Snoop, the moneysaving app set up by the former boss of Virgin Money, is exploring a sale after receiving a series of unsolicited takeover approaches. Sky News has learnt that Snoop’s founder, Dame Jayne-Anne Gadhia, is working with bankers at…

Chancellor Jeremy Hunt has backed the Bank of England to prioritise tackling inflation, despite concerns rapid increases in interest rates have contributed to recent volatility in the banking sector. The Bank’s Monetary Policy Committee meets this week amid speculation it…

A key group of Brexit-supporting Conservative MPs are yet to say whether they will vote for Rishi Sunak’s Brexit deal. Parliament will vote tomorrow on the so-called Stormont brake – a key part of the prime minister’s Windsor Framework agreement…

More UK sectors reported an increase in output than at any time in the past 10 months in February, as stronger demand and weaker cost inflation drove activity, according to the Lloyds Bank UK Sector Tracker. Of the 14 sectors…

Google has started rolling out its AI chatbot Bard, but it is only available to certain users and they have to be over the age of 18. Unlike its viral rival ChatGPT, it can access up-to-date information from the internet…

Thousands of rail workers including signalling staff voted by three to one in favour to accept the offer, a 9% pay increase over two years, in a referendum that closed on Monday. The union said that on a turnout of…

Derby is to be named the new headquarters of Britain’s rail network by ministers this week. The delayed result of the competition to become the official home of Great British Railways is expected as early as Tuesday, with the Midlands…