Another leading technology company is being swallowed up in a transatlantic takeover that will underline the scale of the raid on some of Britain’s most promising companies. Sky News has learned that Demica, one of the UK’s largest supply chain finance providers, has agreed a deal with FIS, the New York-listed tech giant, valued at … Read more
A British hedge fund trader has been sentenced to 12 years in prison in Denmark for a billion-pound tax fraud. Sanjay Shah54, was behind a business scheme known as ‘cum-ex’ which fraudulently obtained 9 billion Danish kroner (£1 billion) in dividend tax refunds from the Danish Treasury between 2012 and 2015. Shah, who appeared in … Read more
Time is running out to ensure mailed holiday items arrive on time. An estimated 2.2 billion packages will be shipped this holiday season, according to ShipMatrix Inc. The last day for FedEx Ground Economy is Friday, December 13 and Wednesday, December 18 is the deadline for US Postal Service ground and first class mail. Procrastinators … Read more
The publisher of the Daily Telegraph will offer hundreds of staff a £500 bonus this month as uncertainty over its ownership is expected to stretch into a third calendar year. Sky News saw an email sent on Thursday from Anna Jones, chief executive of Telegraph Media Group, in which she informed employees they would receive … Read more
A third successive interest rate cut has been ordered by the European Central Bank (ECB) to help stem the slowdown in the eurozone. The bank’s board said that while its fight against inflation continued to make real progress, it was also acting to help fuel declining demand in the 20 countries that use the euro. … Read more
Select MadeGood granola bars sold nationwide by retailers including Amazon And Walmart are being recalled because they may contain pieces of metal, Riverside Natural Foods said in a statement. notice published by the Food and Drug Administration. If consumed, a piece of metal could pose a safety risk, the Chicago-based manufacturer said. Specific products affected … Read more
Small British businesses have stopped selling to Northern Ireland as well as Europe due to additional administrative hurdles posed by new EU customs rules coming into force. Many small businesses said they were unable to meet new requirements for paperwork and numbering of each product, as well as the need to have an “authorized representative” … Read more
Labour’s rural problem has resurfaced. This time the government faces fierce opposition modification of inheritance tax. Unless a breakthrough is made, Labour’s rural problem risks becoming everyone’s problem. The protesters showed no signs to move back on Tuesday. Farmers from all over rural Britain got up in the middle of the night to begin their … Read more
The police are investigating “dozens of people” at the Post Office and Fujitsu, announced the head of a national operation. A team of 100 agents nationwide is investigating potential suspects and their involvement in the Post Office scandal. Hundreds of deputy postmasters were wrongly prosecuted for stealing from their branches between 1999 and 2015 after … Read more
Thames Water has revealed a 40% increase in sewage spills while warning that a looming decision on what it can charge its customers is “fundamental to our future”. The UK’s biggest supplier, which is struggling to avoid the prospect of a special administration amid massive debt, has always maintained that the regulator’s decision on its … Read more