Monthly Archives: February 2018

Funding for finance start-ups hits all-time high in threat to big banks

Telegraph Business Investment in online finance start-ups hit an all-time high last year of close to £20bn, in a threat to the dominance of traditional high street banks. An explosion in mobile banking and digital transactions has put lenders with […]

Hedge fund Man Group dips despite toasting first $100bn year

Shares in Man Group dipped on Wednesday despite the fact its assets surpassed $100bn (£72.5bn) for the first time in its 235-year history. The hedge fund giant said its funds under management had risen 35pc in 2017 to $109.1bn as […]

Old £10 note goes out of circulation tomorrow – what to do with yours

The old paper £10 note featuring Charles Darwin will expire tomorrow. Figures released by the Bank of England last week suggested that there was still £2.2bn worth of the old paper £10 notes in circulation, representing around 27pc of the […]

Park Plaza hotel owner PPHE brings staff in-house as leisure recruitment toughens

Hotel operator PPHE has brought more staff in-house and shifted a planned pay rise forward in a bid to be more competitive when hiring. The company said it now directly employed housekeeping staff in three of its London hotels to […]

Travis Perkins cuts investment as trading remains tough

Travis Perkins is to slow investment in areas of the business it does not deem a priority as it predicted that recent challenging trading will continue into this year. The company, which is the UK’s largest supplier of building materials […]

US shale profits propel Weir Group’s electric future

The US shale revival has propelled the earnings growth of Britain’s largest engineering group as it prepares to take advantage of growing demand for copper to meet the electric vehicle boom. Glasgow-based Weir Group provides industrial equipment which is used […]

Saudi crown prince says reforms aimed at 'cancer' of corruption

Saudi Arabia’s crown prince says the anti-corruption drive launched late last year is the “shock therapy” his kingdom needs to root out widespread graft. “You have a body that has cancer everywhere, the cancer of corruption. You need to have […]

India says farewell to Bollywood icon Sridevi

Indian Bollywood actress Sridevi attending the ‘Zee Cine Awards 2018’ ceremony in Mumbai on December 19, 2017. Image: SUJIT JAISWAL/AFP/Getty Images Several fans chanted prayers as Sridevi’s body was brought the short distance from her home to the club at […]

New Saudi cameras to detect mobile phone use while driving

Traffic authorities to also fine for non-wearing of seat belt using new cameras The use of seat belts can also be detected by the cameras, with fines issued to drivers who fail to use them. By Staff writer Wed 28 […]

Toys R Us and Maplin on the brink of collapse, putting nearly 6,000 jobs at risk

Toys R Us and Maplin are set to become the latest casualties in the beleaguered retail sector tomorrow, putting almost 6,000 jobs at risk. Toys R Us, which employs 3,200 people in the UK, met with the Pension Protection Fund […]