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Tag Archives: new business ideas

Buying and renting: Your biggest financial decision – in 10 charts

Buying a home is the most significant financial decision in most people’s lives. For tenants, paying the rent is the biggest monthly outgoing.So it is little wonder that house prices are an obsession for some, and a source of frustration for others.The financial crisis had huge implications for those …

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Fraudsters jailed for £107m 'cynical' green tax scam

Six men who orchestrated an “audacious and cynical” tax fraud have been jailed for between 11 years and 20 months.They persuaded wealthy people to invest in environmental projects in exchange for tax breaks, but then used the money to fund lavish lifestyles, buying overseas property and luxury holidays.HM Revenue …

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Uber loses court appeal against drivers' rights

Media playback is unsupported on your device Taxi-hailing app firm Uber has lost an appeal against a ruling that its drivers should be treated as workers rather than self-employed.Last year a tribunal ruled drivers James Farrar and Yaseen Aslam were Uber staff and entitled to holiday pay, paid rest …

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LSE shareholders win vote on chairman's future

Shareholders in the London Stock Exchange (LSE) will vote on whether to eject its chairman and keep its chief executive following investor pressure.The LSE confirmed it would hold an extraordinary general meeting following a request from The Children’s Investment Fund Management (TCI), which owns more than 5% of the …

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Musical.ly lip-syncing app acquired for up to $1bn

Musical.ly, a lip-syncing app popular with young people, has been sold to Chinese tech giant Bytedance in a deal worth up to $1bn (£750m).Shanghai-based Musical.ly, founded three years ago, claims over 60 million monthly active users.It’s the first Chinese social media app to make it big in North America …

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Bakkavor hummus maker changes mind over stock market listing

Food processor Bakkavor, the UK’s biggest hummus maker, has decided it will list its shares on the UK stock market after all.Last Friday, the firm, which supplies a range of foods to UK supermarkets, said it would abandon listing plans as the market was “too volatile”.It has now decided …

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UK industrial output jumps in September

The UK’s industrial output grew at its fastest pace so far this year in September, according to official figures.Production rose by 0.7% compared with the month before, the Office for National Statistics (ONS) said, boosted by machinery and equipment output.Separate data showed the UK’s trade deficit in goods and …

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Taxing issue

If we needed reminding, the Paradise Papers have shown how attractive it can be to keep money offshore. Wealthy individuals do it, companies do it. So can governments do anything about it?Can they get big firms and the rich to pay what many regard as their fair share of …

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