Virgin Orbit has paused its operations and furloughed its workforce as it hunts for a funding lifeline.
The satellite launch company, based in California, will put all work on hold for at least a week with just a skeleton team remaining at work.
Bosses told employees at an all-staff meeting...
Deliveroo shares have continued to pedal downwards this morning as investors struggle to regain confidence in the brand following its decision to slash some 350 job roles and disastrous IPO listing.
It comes as the food delivery group, which has seen its share price fall consecutively over the past...
At Business Matters we have spoken to a number of experts to gauge their opinions about Jeremy Hunt’s Spring Budget, and whilst the Chancellors announcements have gone down well, many sound notes of caution.
Gerard Grech, CEO of Tech Nation, told us: Today’s budget is a positive indication of the...
The UK faces its biggest fall in spending power for 70 years as the surging cost of living eats into people’s wages.
The government’s independent forecaster said that household incomes – once rising prices were taken into account – would drop by 6% this year and next.
Living standards won’t...
Jeremy Hunt announced his Spring Budget today, with many for UK business, those looking to get back into the employment market
Here are the key points as they were announced:
UK economy to contract by 0.2% this year but avoid recession
The chancellor offers more details on the OBR forecasts.
He says...
Britishvolt collapsed owing about £160 million to unsecured creditors who are unlikely to see a significant dividend from the company’s insolvent estate.
The battery start-up fell into administration in January after failing to secure emergency funding.
It had planned to build a gigafactory on the Northumberland coast but struggled to...
NatWest is limiting the amount of money customers can transfer to cryptocurrency exchanges.
From today, customers will be able to transfer a maximum of £1,000 a day to such exchanges, and no more than £5,000 per month.
The bank says it is to protect customers from “crypto-criminals” seeking to scam...
The number of companies entering insolvency rose by almost a fifth last month as a result of the cost of living crisis and higher interest rates.
Registered company insolvencies increased by 17.5 per cent year-on-year to 1,783 in February, according to figures from the Insolvency Service.
Nicky Fisher, vice-president of...
