Finance

New research has revealed that funding into new UK businesses still weighs heavily in favour of male-led businesses – who receive 6.2 times more in funding than women owned ones. Coming just after International Women’s Day 2023, the research highlights that there’s still a lot of progress to be made...

Start-ups backed by venture capital (VC) could be wiped out in droves this year as cash dries up and investors turn off the taps, analysts have warned. The venture capital sector globally has been buffeted by rapid interest rate hikes and wild market gyrations in the past 12 months,...

Despite the Chancellor announcing an expansion of 30 hours free childcare provision as part of the Spring Budget, there is concern across the UK from those who don’t think the measures go far enough, but Baroness Karren Brady CBE says more needs to be done. It comes as new...

According to reports from Sky News’ Mark Kleinman late on Monday evening, Next is set to add the brand to its growing portfolio.Cath Kidston would become the latest struggling retailer Next has swooped in to purchase. Next snapped up Made.com for £3.4million in November 2022 after the online furniture...

Gary Lineker has won his £4.9 million tax battle with HMRC. The Match Of The Day host was told by the taxman he should have been classed as an employee of the BBC and BT Sport for his presenting duties, rather than as a freelancer. The tax authorities pursued him...

Asda owners, the Issa Brothers, are reportedly eyeing up a potential takeover of major fast food chain Subway. The brothers, Mohsin, 51, and Zuber Issa, 50, are understood to be plotting to acquire the sandwich chain – which has 44,000 restaurants globally – for £8billion. One source told The Sun...

Retailers are becoming more optimistic about their near-term trading outlook after a “challenging winter”. For the first time since last September, a majority expect their sales to rise over the next month, according to the latest distributive trends survey from the CBI. Of the 135 companies polled by the business...

The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector turmoil. It comes as markets brace for another week of volatility following panic over the health of Deutsche Bank. IMF managing director Kristalina Georgieva said uncertainty...

HSBC has become the first bank to agree to delay the closure of a last branch in town until alternative banking arrangements are in place. The bank’s move means a number of communities will now not spend months bankless while a new banking hub is opened – or a...

The cost-of-living crisis and rising energy prices have caused problems for many people, and businesses aren’t exempt from these financial struggles. In fact, in PayPal’s Business of Change Report 2022, 78% of business ownersclaimed they were worried that the cost-of-living crisis would be the biggest threat to their businesses...