You(No Longer)Work: Job losses at workspace provider WeWork
WeWork has announced that 2,400 employees will be let go, in an effort to halt its growing losses.
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January 15, 2020
Game On: Record breaking investment in Manchester City football club
The US Private Equity firm Silver Lake has bought a 10% stake of Manchester City’s parent company, City Football Group (CFG).
December 28, 2019
Floating by on $2 Trillion: Saudi oil giant debuts on stock exchange
The world’s most profitable company has gone public. Saudi Aramco listed its shares on the Saudi Stock Exchange in early December.
December 27, 2019
Bo Money, Less Problems: RBS sets up its own digital bank named Bó
After two years of developing and £100 million spent, the Royal Bank of Scotland (RBS) has launched its own digital, cloud-based bank named Bó in order to compete against the rise of digital banks.
December 21, 2019
Hungary for Fines: Facebook fined again; this time for claiming its services are free of charge
The Hungarian competition authority (Gazdasági Versenyhivatal or GVH) has slapped Facebook Inc. with a whopping $4m (£3m) fine for stating its services are free for users.
December 20, 2019
Refunds For All: HSBC and Santander ordered to pay £8 million back to their customers
The Competition and Markets Authority (CMA) has ordered Santander and HSBC to refund over £8 million to its customers for breaking a legal order since February 2018.
December 19, 2019
Spaces High: UK increases space tech funding
On the eve of European Space Agency (ESA) summit, the Prime Minister agreed to increase funding to the ESA by more than 15%, in order to contribute to international space initiatives including addressing climate change, high speed mobile technology, and returning samples from Mars.
December 18, 2019
Bond No Longer: FCA bans advertising of mini-bonds
The Financial Conduct Authority (FCA) have introduced a one-year ban on the advertising of mini-bonds to retail investors.
December 17, 2019
Abandoning Amazon: Nike delists its products from retailing giant
Following a strategic overhaul, Nike has decided to stop selling its products on Amazon.
December 15, 2019
Thank U BT, Vodafone Next: Virgin Mobile signs 5 year partnership with Vodafone
After 20 years with BT’s EE network, Virgin Mobile (the world’s first MVNO) will be moving on in 2021 to Vodafone - who it has signed a five year partnership with.
December 11, 2019