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Category: Business
US regulator rejects Wise application for banking licence
Wise’s US banking licence application has been rejected by the OCC over issues with its original filing. The fintech says it…
Kardashian’s Skims fills empty Ted Baker flagship on Regent Street
Kim Kardashian’s Skims opens its first UK store on Regent Street, taking the old Ted Baker flagship on a 10-year lease….
Oil at $100 drives mortgage rates back to a month-old high
UK mortgage rates have climbed to a one-month high as $100 oil dents rate-cut hopes. What the squeeze means for SME…
City bank: Starmer and Reeves left Britain ‘no better off’
Panmure Liberum says Starmer and Reeves left the UK economy no better off than in 2024, warning SMEs of higher energy…
Dragons’ Den star bags £900m as Vitabiotics falls to US buyer
Vitabiotics, Britain’s biggest vitamin maker, is sold to US firm Bain Capital for £900m, ending 50 years of family ownership. What…
A wish list for Andy Burnham: stop funding failure, fund prevention
As Andy Burnham arrives in Downing Street, City Year UK chief executive Victoria Head sets out five changes the new Prime…
Harry Potter publisher lands £14m in Anthropic AI payout
Bloomsbury will bank about £14m from Anthropic’s $1.5bn AI copyright settlement. What the landmark payout means for UK SMEs that own…
Lineker leads millionaires urging Burnham: ‘tax our wealth’
Gary Lineker and 100-plus UK millionaires urge Andy Burnham for a wealth tax. What a 2% levy on the super-rich could…
Cabinet on sun loungers? Andy Burnham’s Love Island premiership
There is a particular kind of Monday that is supposed to be boring, and thank God for it. Kettle on, radio…