Petrol stations have come under fire after overcharging UK motorists by a staggering £1.6 billion last year, according to the Competition and Markets Authority (CMA). The regulator’s findings reveal that fuel margins – the difference between the wholesale cost and the pump price – have remained significantly above pre-pandemic levels. The CMA highlighted that supermarkets […]
The Farnborough International Airshow 2024 has announced deals worth at least £13 billion to the UK, according to the ADS Group, the UK trade association for the aerospace, defence, security, and space sectors. By Thursday evening, the total value of deals, estimated by the ADS Group to be £81.5 billion, highlights the industry’s “confidence, resilience, […]
Chancellor Rachel Reeves is preparing to disclose a £19bn shortfall in the public finances, laying the groundwork for an anticipated autumn tax increase. This announcement comes as she assesses the fiscal challenges inherited from the previous Conservative administration. According to Whitehall sources, an early audit has identified approximately £19bn in “excess pressures” for the 2024-25 […]
On the fourth day of the Farnborough International Airshow (FIA), Airbus announced a landmark deal with flynas, Saudi Arabia’s leading low-cost carrier, involving a Memorandum of Understanding (MoU) for 75 A320neo family aircraft and 15 A330-900s. This 90-aircraft order is the largest of the week by number. The new additions will join flynas’ all-Airbus fleet, […]
Britain’s accounting watchdog, the Financial Reporting Council (FRC), has imposed a record £48.2 million in fines over the past year, concluding several high-profile investigations, including audits of Carillion and London Capital & Finance. The FRC, responsible for overseeing the nation’s audit and accounting firms, surpassed its previous record of £46.5 million set in the 2021-22 […]
Microsoft-backed OpenAI has announced the launch of SearchGPT, an innovative AI-powered search engine poised to rival Google’s stronghold on the multibillion-dollar search market. The creator of ChatGPT revealed this prototype on Thursday night, showcasing its blend of conversational AI with real-time internet data. OpenAI, headquartered in California, has opened sign-ups for SearchGPT, currently being tested […]
Shelly Nuruzzaman is entrepreneur and co-Founder of BANG! Curry, the Brick Lane-inspired meal kits that have taken the UK by storm. Established as the best-selling curry kit on Amazon, BANG! Curry has sold over 750,000 kits in the first five years, gained millions of likes and views on social media and has recently launched in […]
Bartolo Hernandez is a visionary leader in the sports management industry, currently serving as the President of Global Sports Management. With a rich background as a former baseball player from Queens, New York, Bart brings a unique blend of firsthand athletic experience and business acumen to his role. Under Bartolo Hernandez‘s, Global Sports Management has […]
Contrary to popular belief, the grass is not always greener. One of the perks of sticking with a job for a while is long-service leave (LSL). But are UK companies using this to their best advantage? What is long-service leave? LSL is extra paid leave, on top of annual leave, that you become entitled to […]
The financial technology powerhouse Revolut has finally obtained a long-anticipated banking licence from the Bank of England’s Prudential Regulation Authority (PRA), enhancing its capability to compete with traditional high street banks and providing improved consumer protections for millions of UK customers. Revolut’s pursuit of this licence spanned three years, significantly longer than usual due to […]