Image copyright Reuters Image caption Vijay Mallya denies the allegations against him Controversial tycoon Vijay Mallya is waiting to learn whether he will be extradited to India to face charges of financial crimes. Once called the “King of Good Times” due to his extravagant lifestyle, the businessman has been embroiled in financial scandals since 2012 […]
Image copyright Creative Commons Image caption Interserve holds the contract for cleaning Network Rail stations Shares in Interserve – one of the UK’s largest providers of public services – have collapsed after it revealed it is seeking a rescue deal. The firm, which works in prisons, schools, hospitals and on the roads, has £500m of […]
Thousands of companies get off the ground with the help of outside investors – so-called venture capitalists. Yet the process of raising money from them can be nerve-racking. “The right investors can really help accelerate the business but the wrong ones can create massive hardship and even a meltdown,” says Nikolay Piriankov, the founder of […]
Image copyright Jose Tutiven Image caption Rupert came up with the idea for the business due to his own struggles finding a decent room to rent in London The BBC’s weekly The Boss series profiles a different business leader from around the world. This week we speak to Rupert Hunt, founder of flat-sharing website SpareRoom. […]
Image caption When you’ve got an unusual name, there’s often a caution around AutoCorrectWhen a colleague told me my name autocorrected to Dorito and they were seconds away from calling me a tortilla chip in an email, I honestly didn’t know what to say. Our names are a key part of our identity so it […]
The number of people out shopping in the UK in November showed a “significant” fall compared with last year, retail researchers say. Analysis firm Springboard found a 3.2% decrease in footfall at shopping centres, retail parks and High Streets. The figures showed the Black Friday effect was driving more shopping online during a longer period, […]
Image copyright Creative Commons Image caption Among the company’s contracts is for cleaning at Network Rail stations One of the UK’s largest providers of public services has confirmed that it is seeking a rescue deal as it struggles with £500m of debt. Interserve, which works in prisons, schools, hospitals and on the roads, said it […]
Image copyright Getty Images Mobile operator O2 is understood to be seeking millions in damages from supplier Ericsson after last week’s day-long data network collapse. The total bill could be up to £100m, according to The Telegraph. O2 smartphone users were unable to use their mobile phone data last Thursday. Ericsson blamed expired software licences […]
Image copyrightGetty Images Image caption Sheryl Sandberg is one of the world’s most powerful women in business. But the calls for her to go are getting louder.Facebook is in crisis. And the firm’s chief operating officer, once the golden girl, is taking the heat. It has been a sharp turn for Sheryl Sandberg. Just last […]
Image copyright Creative Commons Image caption Among the company’s contracts is for cleaning at Network Rail stations One of the UK’s largest providers of public services is seeking a rescue deal as it struggles with £500m of debt, according to the Financial Times. Interserve, which works in prisons, schools, hospitals and on the roads, said […]
Image copyright Reuters US share indexes fell by more than 2% on Friday, as uncertainty continued to roil financial markets. The declines extended losses from earlier in the week and hit nearly every sector, led by technology firms. The Dow Jones index and S&P 500 both tumbled about 2.3%, while the Nasdaq fell more than […]
Image copyright Reuters Huawei is the poster child for China’s dynamic tech sector. It has grown phenomenally in recent years, from a small manufacturer of telephone exchange switches, to become a global leader in the tech industry. While the brand is familiar to many from its mobile phone handsets, Huawei has its finger in many […]