Maven exits Manchester fintech AccessPay in sale to Accel-KKR, delivering a 2.5x return and highlighting strength of the Northern fintech sector. Read more: Maven exits AccessPay in private equity deal delivering 2.5x return
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The British Business Bank has invested £8.5m in Dexory to scale its AI-powered warehouse intelligence platform and global logistics operations. Read more: British Business Bank backs Dexory with £8.5m to scale AI warehouse tech
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Rising fuel prices risk pushing UK small businesses to collapse, with campaigners urging Rachel Reeves to cut fuel duty and reform pricing. Read more: Fuel price crisis risks pushing small firms to brink as pressure mounts on chancellor
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The FCA has reduced the car finance compensation bill to £7.5bn, while increasing average payouts, as lenders and consumers weigh potential legal challenges. Read more: Car finance redress bill cut by £2bn as VCA unveils final compensation scheme
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London food suppliers face rising costs and disrupted imports as the Iran war drives up fuel prices and strains global supply chains. Read more: Iran war drives up costs and disrupts supply for London’s food markets
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Sir Jim Ratcliffe’s Ineos reports $593m loss and skips dividend as energy volatility and Middle East tensions drive up costs and risks. Read more: Ineos losses widen to $593m as Ratcliffe halts dividend amid energy turmoil
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Ford’s FCE Bank has set aside £155m for car finance mis-selling claims as the FCA prepares to unveil rules for a multibillion-pound compensation scheme. Read more: Ford’s FCE Bank sets aside £155m ahead of car finance compensation ruling
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UK retail sales fell 0.4% in February as shoppers cut spending, with economists warning the Iran war could further weaken demand and confidence. Read more: UK retail sales fall as shoppers tighten spending ahead of energy shock
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UK businesses are more financially vulnerable than before the Ukraine war, with rising energy costs and interest rates increasing corporate distress. Read more: UK firms enter new energy crisis weaker than in 2022, distress index warns
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Morocco-based electric mobility startup GoSwap has secured seed funding from Azur Innovation Fund to scale its battery-swapping infrastructure across urban…
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