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Bankers to get bonuses quicker under rule change
Senior bankers will be able to pocket bonuses more quickly under a relaxation of rules brought in after the financial crisis of 2007/2008. Senior bankers have had to wait up to eight years to collect their bonus in full to make sure the deals they were being rewarded for turned out to be profitable longer…
Government to guarantee £1.5bn Jaguar Land Rover loan after cyber shutdown
The government will underwrite a £1.5bn loan guarantee to Jaguar Land Rover (JLR) in a bid to support its suppliers as a cyber attack continues to halt production at the car maker. Business Secretary Peter Kyle said the loan, from a commercial bank, would protect jobs in the West Midlands, Merseyside and across the UK….
Daily Telegraph: RedBird Capital pulls out of deal to buy newspaper
US investment group RedBird Capital has pulled out of a deal to buy the Daily and Sunday Telegraph for £500m. RedBird had a previous attempt to buy the Telegraph rebuffed by politicians as it was majority-funded by Abu Dhabi’s IMI group – which is owned in turn by the Abu Dhabi royal family. A law…
Know when to fold them: the tech inspired by origami
In Zaman’s case, he and his colleagues found a way of 3D-printing material divided into chunky, square-shaped tiles. The angles of the sides of those tiles, and the precise nature of the cuts that separate them mean that, when squeezed together, they pop up into a desired 3D shape. It could be a chair, a…
Budget 2025: What can nervous businesses expect from the Budget?
Simon JackBusiness editor Reuters Business leaders face a nervous final few days before the chancellor’s second Budget, having borne the brunt of a brutal set of tax hikes this time last year. Firms are still reeling from those: the £25bn National Insurance increase and an inflation-busting rise in the minimum wage. Confidence in boardrooms has…
