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UK housing market ‘stable’ in May as prices dip 0.1% – business live

UK housing market ‘stable’ in May as prices dip 0.1% – business live

Rolling coverage of the latest economic and financial newsUK house prices dipped 0.1% in May, up 1.5% year-on-yearUK housebuilder Bellway has issued an upbeat trading statement, saying it has seen “stronger trading through the spring selling season”.Bellway says “improved affordability” is helping to lift customer confidence, leading to an increase in reservations for new houses and “firm” prices.We have been encouraged by ongoing healthy levels of customer interest and combined with the strength of our outlet opening programme, we continue to expect a year-on-year increase in the...

The Guardian

Not guilty: how tech mogul Mike Lynch’s fortunes soared, fell – and rose again

Not guilty: how tech mogul Mike Lynch’s fortunes soared, fell – and rose again

A jury of Californians acquitted the Autonomy founder, who on trial tried to show that life is ‘nuanced and messy’“This is a momentous day in Autonomy’s history,” Mike Lynch declared in a press release on 18 August 2011. He was announcing the sale Autonomy, his software firm, to Hewlett-Packard for $11bn.For Lynch 6 June 2024 would prove more significant. Continue reading...

The Guardian

BAT subsidiary lobbies Pakistan to allow export of cigarettes to Sudan

BAT subsidiary lobbies Pakistan to allow export of cigarettes to Sudan

Exclusive: critics say British American Tobacco’s plan to ‘flood a country in crisis with cheap cigarettes’ is ‘shameful’A subsidiary of British American Tobacco is lobbying the government of Pakistan to allow it to export 10-packs of cigarettes to war-torn Sudan, prompting criticism from a smoking campaign group.Pakistan is among more than 80 countries that do not permit the sale or manufacture of 10-packs of cigarettes, which the World Health Organization has said make smoking more affordable for children. Continue reading...

The Guardian

Ikea to Hire Virtual Staff for £13 an Hour in Roblox Metaverse Store

Ikea to Hire Virtual Staff for £13 an Hour in Roblox Metaverse Store

Ikea is set to pay £13 an hour for virtual staff in its new Roblox store, offering roles such as serving meatballs and guiding customers in a digital environment.Read more: Ikea to Hire Virtual Staff for £13 an Hour in Roblox Metaverse Store

Business Matters | The Uk's Leading Sme Business Magazine

Rents rise at 6.6% a year but pace is slowing

Rents rise at 6.6% a year but pace is slowing

The rate of increase is the slowest for 30 months, but competition among potential tenants is still fierce.

BBC News - Business

Autonomy co-founder Mike Lynch cleared of fraud

Autonomy co-founder Mike Lynch cleared of fraud

Former Autonomy boss Mike Lynch was accused of fraud related to the $11bn sale of his software firm.

BBC News - Business

Stats watchdog criticises PM's £2,000 tax claim

Stats watchdog criticises PM's £2,000 tax claim

It said most people would have no way of knowing that this estimate covered a four-year period.

BBC News - Business

Government weighed up sacking Vennells in 2014

Government weighed up sacking Vennells in 2014

Officials were concerned the ex-Post Office boss was unable to work with people who challenged her.

BBC News - Business

Nvidia value surges past $3tn and overtakes Apple

Nvidia value surges past $3tn and overtakes Apple

Nvidia has been marked out as a winner from a wave of investments in artificial intelligence.

BBC News - Business

Ex-Post Office chair was told of IT risks in 2011

Ex-Post Office chair was told of IT risks in 2011

Alice Perkins was told Horizon was 'a real risk' by auditors as the Post Office continued to prosecute sub-postmasters.

BBC News - Business

Labour to Make Mortgage Guarantee Scheme Permanent for First-Time Buyers

Labour pledges to make the mortgage guarantee scheme permanent to support first-time buyers, aiming to help 80,000 young people onto the housing ladder if they win the general election.Read more: Labour to Make Mortgage Guarantee Scheme Permanent for First-Time Buyers

Business Matters | The Uk's Leading Sme Business Magazine

Rachel Reeves Faces Pressure to Raise Capital Gains Tax to Fund Public Services

Shadow Chancellor Rachel Reeves considers capital gains tax hike amidst Labour's plans for an autumn budget, aiming to revitalise public services without increasing VAT, income tax, or NICs.Read more: Rachel Reeves Faces Pressure to Raise Capital Gains Tax to Fund Public Services

Business Matters | The Uk's Leading Sme Business Magazine

Scottish Woman Sues Netflix for $170M Over Baby Reindeer Character Depiction

Fiona Harvey sues Netflix for defamation, negligence, and privacy violations over her alleged portrayal in the series Baby Reindeer, seeking $170 million in damages.Read more: Scottish Woman Sues Netflix for $170M Over Baby Reindeer Character Depiction

Business Matters | The Uk's Leading Sme Business Magazine

UK Wage and Price Growth Set to Slow, Bolstering Case for Interest Rate Cut

Businesses in the UK are planning to moderate both wage and price increases over the coming year, potentially paving the way for a reduction in interest rates this summer. This trend was highlighted in the Bank of England’s latest decision-maker panel survey.Read more: UK Wage and Price Growth Set to Slow, Bolstering Case for Interest Rate Cut

Business Matters | The Uk's Leading Sme Business Magazine

Institute of Directors Introduces Code of Conduct for Business Leaders

The Institute of Directors (IoD) has launched a new code of conduct aimed at promoting ethical behaviour among business leaders, in an effort to restore public trust following several high-profile corporate scandals.Read more: Institute of Directors Introduces Code of Conduct for Business Leaders

Business Matters | The Uk's Leading Sme Business Magazine

Britain Urged to Triple Offshore Wind Farm Construction Pace

The Institute for Public Policy Research warns that Britain must accelerate offshore wind farm development to meet decarbonisation targets and compete with European rivals.Read more: Britain Urged to Triple Offshore Wind Farm Construction Pace

Business Matters | The Uk's Leading Sme Business Magazine

Rishi Sunak to Extend Child Benefit to Higher Earners

The Conservatives pledge to increase the child benefit threshold to £120,000 per household, extending support to 700,000 more families. The reform aims to narrow the polling gap with Labour.Read more: Rishi Sunak to Extend Child Benefit to Higher Earners

Business Matters | The Uk's Leading Sme Business Magazine

Mike Lynch Acquitted of All Fraud Charges in Hewlett-Packard Case

British tech tycoon Mike Lynch has been cleared of all fraud charges related to the $11.1bn sale of Autonomy to Hewlett-Packard.Read more: Mike Lynch Acquitted of All Fraud Charges in Hewlett-Packard Case

Business Matters | The Uk's Leading Sme Business Magazine

Helping UK Businesses Find Success in America: BritishAmerican Business Launches New Trade and Investment Guide

BritishAmerican Business launches its latest Trade and Investment Guide, providing UK companies with invaluable insights and practical advice for expanding into the diverse US market.Read more: Helping UK Businesses Find Success in America: BritishAmerican Business Launches New Trade and Investment Guide

Business Matters | The Uk's Leading Sme Business Magazine

UK Economic Growth Forecast Upgraded as Optimism Rises

The British Chambers of Commerce upgrades UK economic growth forecast to 0.8% for 2024 and 1% for 2025, highlighting a modest recovery and cautious optimism.Read more: UK Economic Growth Forecast Upgraded as Optimism Rises

Business Matters | The Uk's Leading Sme Business Magazine

Tourist Tax Diverts Wealthy Visitors from London to Paris and Milan, Claims Cadogan Estates Boss

Cadogan Estates CEO Hugh Seaborn criticises the UK's "tourist tax," arguing it drives affluent tourists to France and Italy, impacting luxury brands and the broader economy.Read more: Tourist Tax Diverts Wealthy Visitors from London to Paris and Milan, Claims Cadogan Estates Boss

Business Matters | The Uk's Leading Sme Business Magazine

UK New Car Market Sees 22nd Month of Growth Amid Electrification Surge

The UK new car market records its 22nd consecutive month of growth in May, driven by rising sales of battery electric and hybrid vehicles, despite overall numbers being down 20% from 2019.Read more: UK New Car Market Sees 22nd Month of Growth Amid Electrification Surge

Business Matters | The Uk's Leading Sme Business Magazine

North Sea Oil Project Delayed Amid Windfall Tax Uncertainty Before Election

Jersey Oil and Gas, Serica Energy, and Neo Energy delay the £900m Buchan project due to potential Labour government windfall tax increases, postponing production until late 2027.Read more: North Sea Oil Project Delayed Amid Windfall Tax Uncertainty Before Election

Business Matters | The Uk's Leading Sme Business Magazine

A Third of Disadvantaged Pupils Regularly Skipping School, IFS Finds

More than a third of children from poorer families are persistently absent from school, according to the Institute for Fiscal Studies, highlighting a growing educational gap exacerbated by the pandemic.Read more: A Third of Disadvantaged Pupils Regularly Skipping School, IFS Finds

Business Matters | The Uk's Leading Sme Business Magazine

McDonald’s Loses ‘Big Mac’ Trademark Battle Against Irish Chain Supermac’s

The European Court of Justice rules against McDonald’s in a trademark dispute with Supermac’s, blocking the use of the 'Big Mac' name for chicken burgers and marking a significant victory for small businesses.Read more: McDonald’s Loses ‘Big Mac’ Trademark Battle Against Irish Chain Supermac’s

Business Matters | The Uk's Leading Sme Business Magazine