Business

National news agency SWNS has won funding for a market-leading syndication platform in the first round of grants from Google’s Digital News Initiative (DNI). Google is making a total of £118m (Euro 150m) available in the DNI to support innovation in journalism through technology. SWNS is the largest independent press agency in the UK. The Bristol-based content provider is among just 17 successful applicants in the UK who have been offered funding by the tech giant. In February it was announced that 128...

By Joe Mellor, Deputy Editor The City of London has more than three times as many multi-millionaire bankers as the rest of the European Union combined. The number of bankers with a take home pay of over one million Euros (£800k) per annum rose to almost 3 thousand in 2014, one of which made an astonishing €25 million. The UK, which houses Europe’s biggest financial district in London, dwarfs the rest of the EU bankers in terms of large salaries,...

By Joe Mellor, Deputy Editor The global stock markets have had a tough time of late and the largest corporations in the world dwarf some countries stock market valuation. For example Google and Amazon have a combined worth of $747bn, Netflix is $40bn and McDonald’s is around $109bn. These figures are pretty hard to get your head around, so Bank of America Merrill Lynch has created a map to help illustrate the size of these companies compared to stock markets...

Project manager, administrator, account manager, sales executive, customer service advisor – spend any time on a recruitment site and you’re likely to stumble across most if not all of these job titles. They’re among the most common positions advertised in the UK and while they’re all perfectly worthy ways to earn money, they’re probably unlikely to spark any great passion. If you’re the sort of person who doesn’t want to settle for the norm and need a fresh and exciting...

New research has revealed Brits don't panic about debt until they're over £45,000 in the red. A study into the financial behaviour of 2,000 adults found that 37 per cent say if they can’t afford to buy something, they usually find a way of getting it anyway, either by sticking the balance on a credit card, taking out a loan or dipping into the overdraft. Four in 10 people polled admit they rely on their credit cards to see them through the...

The Government's campaign to encourage small and medium-sized businesses to export is failing to achieve its objectives, according to new research. A QuoteSearcher survey of 618 SMEs found just seven per cent of businesses are likely to take part in the campaign, with 69 per cent of respondents saying they had never heard of the campaign before. The UK Trade and Investment department is already facing an investigation as to whether it’s providing enough value to small businesses. The 'Exporting is Great' campaign...

By Joe Mellor, Deputy Editor The Competition and Markets Authority (CMA) have said that extra direct competition would see greater efficiency, lower fares and better use of rail capacity. They said that rival train firms should run services on the same lines, which would see an end to the franchises on major intercity lines. This idea was considered and rejected on operational grounds when railways were first privatised in 1994. This report has been released just before Nicola Shaw’s review into the...

Super fast growth companies know as 'gazelles' are expected to contribute £38 billion to the UK economy in exports by 2020, according to new research. The report finds London's medium-sized businesses are set for a growth spurt over the next few years up to 2020 - increasing their contribution to GVA from £62 billion in 2015 to £76 billion in 2020. This is largely due to an exciting group of super fast growth companies knows as ‘gazelles', which are companies that have...

When it comes to social media, the vast majority of us love to tweet. According to the latest data from Statistic Brain Research Institute, Twitter currently has 645,750,000 registered accounts and 289,000,000 active users. Looking specifically at the UK, Statista calculates the number of active daily Twitter users to be 15.8 million in 2016 and within the next two years that figure will grow to more than 17 million. Essentially, what's clear to anyone with their finger even remotely on the tech...