For many, WH Smith is synonymous with buying books, magazines, or picking up stationery. Now, after 232 years of operation, WH Smith has ventured into the café business by opening its very first café. The inaugural Smith’s Kitchen officially welcomed customers on Thursday at Princess Anne Hospital in Southampton. This 26-seat, 495 sq ft café…
PwC has notably become the inaugural audit firm to face a substantial fine from the City regulator, with a £15 million penalty for failing to address suspected fraud at London Capital & Finance. An in-depth investigation carried out by the Financial Conduct Authority (FCA) revealed that The Big Four accountancy group’s audit team had identified…
Steve Baker, 53, has successfully led several of the UK’s fastest-growing businesses, as recognized by The Sunday Times. The MLS Group, known for its serviced offices across the UK, appeared in the rankings in 2005, and ten years later, Ventia, a London-centric company in the same industry, also made the list. Most recently, his company…
A former high-ranking executive at AstraZeneca, who previously worked closely with Sir Pascal Soriot, has warned that it would be a “tragic” misstep if the government fails to uphold its pledge to support a planned £450 million investment in a vaccine production facility located in northwest England. Recent reports indicate that the Treasury has deliberated…
Revolut employees are poised to receive a $500 million windfall from selling shares in the fintech giant, which now boasts a valuation of $45 billion. This stock sale reaffirms Revolut’s position as a premier entity in the UK’s financial technology landscape, escalating its value from the $33 billion valuation it achieved during a fundraising round…
As the world’s leading central bankers gather for an exclusive, closed-door meeting in the Grand Teton mountains of Wyoming, they face a critical question: How far and how quickly should interest rates be cut? Central bank leaders from the US, UK, and the eurozone will attend the two-day symposium in Jackson Hole next week, a…