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Business News

One of Britain’s most successful telecoms entrepreneurs has approached a listed cloud services rival about a potential takeover. Sky News has learnt that Daisy Group, which is run by Matthew Riley, has lodged a preliminary 450p-a-share offer for Maintel Holdings, which is quoted on London’s junior AIM stock market. City sources said the approach had […]

David and Victoria Beckham have paid themselves £21m in dividends from their businesses over the last two years. The accounts filed with Companies House showed that a £14.5m dividend was paid to the famous couple in 2019, up from £11.1m in 2018, with a further £7.1m in 2020. The most recent amount went to the […]

Business activity saw its sharpest drop in the UK since May, according to a closely-watched survey. The preliminary IHS Markit/CIPS Flash UK composite purchasing managers’ index (PMI) fell to a reading of 40.6 in January, down from 50.4 in December. Anything below 50 signals a contraction and the flash survey covers around 75-80% of the […]

Google has threatened to block its search engine in Australia if it is forced to pay media outlets for their news content. Both Google and social media giant Facebook – which also opposes the rules and has threatened to remove news from its feed for Australian users – are fighting government plans for a new […]

Retail sales in 2020 saw the largest annual fall since records began in 1996, as retailers continued to suffer from the effects of the coronavirus pandemic. Despite a 0.3% rise in sales volumes during December, the figure for 2020 as a whole saw sales down 1.9%, with clothing sales slumping by more than a quarter. […]

Retail sales in 2020 saw the largest annual fall since records began in 1996, as retailers continued to suffer from the effects of the coronavirus pandemic. Despite a 0.3% rise in sales volumes during December, the figure for 2020 as a whole saw sales down 1.9%, with clothing sales slumping by more than a quarter. […]