The struggling British fashion brand LK Bennett has been bought out of administration by US restructuring specialist Gordon Brothers, raising the prospect that its remaining nine UK shops could close with the loss of around…
Category:
Business
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More than 3,400 jobs and billions of pounds of private investment are set to flow into Lanarkshire after the UK government named the region as Scotland’s first AI Growth Zone, a flagship initiative under its…
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Pornhub will restrict access to its website for UK users from next week, effectively blocking new visitors in protest at tougher age-verification requirements introduced under the Online Safety Act. From 2 February, only people who…
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Litestream Ventures recorded $78.1 million (£61.5m) in non-binding investor pledges during World Economic Forum week in Davos, after hosting its fourth annual Family Office & Venture Capital Forum. The closed-door event, held during the World…
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Business
Liz Kendall unveils AI ‘Future of Work’ unit and pledge to upskill 10 million workers by 2030
The government will create a new cross-department Future of Work Unit, expand its ambition to upskill 10 million workers in AI by 2030, and invest £27 million in a new TechLocal programme aimed at entry-level…
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Disappointing full-year results from LVMH suggest that the global luxury sector is facing more than a short-term slowdown, with challenges likely to persist into 2026, according to new analysis. Commenting on the figures for the…
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Amazon has announced a further 16,000 job cuts worldwide as it presses ahead with plans to slim down management layers and “remove bureaucracy”, putting an unspecified number of UK roles at risk. The latest round…
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Business
Rogo opens London office following $75 million Series C funding as AI demand surges across European finance
Rogo has opened its first international office in London, marking a major step in the company’s global expansion as demand for enterprise-grade artificial intelligence accelerates across the financial sector. The move positions Rogo in Europe’s…
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Business
£162bn of UK exports at risk as firms struggle to collect payments from US, China and India
Almost £162 billion of British exports are at heightened risk because UK firms are shipping goods to markets where collecting payment is most difficult, according to new analysis. Research from Allianz Trade shows that nearly…
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Nearly 600 hospitality jobs have been lost following the rescue of the Revel Collective, after administrators confirmed the closure of 21 bars across the UK. Around 590 roles have been cut after the group, which…