New UK Post-Graduate Route To Open To Nigerian Students In Summer
Goddey Odin
March 5, 2021
MIKE OCHONMA BUSINESS Editor The UK government has confirmed the new graduate route will open for applications on July 1, 2021, to international students who successfully complete a degree at undergraduate level or above in the UK. International students on the Graduate route will be able to work or look for work after their […]
UK economy down 2% in Q1 on March record fall as Covid-19 hit hard
Businessam StaffMay 13, 2020
The economy of the United Kingdom (UK) took a two percent (2%) dive in the first quarter of 2020 as the coronavirus crisis saw activity contract at a record pace in March, official figures from the country’s Office of National Statistics (UK ONS) have shown. The UK ONS said activity plunged 5.8% in March, sending […]
The Murky Picture of the UK’s Recovery
Businessam StaffJanuary 14, 2020
Around the world, the summer season is increasingly being looked at as a time of recovery. While many countries are still in the midst of partial shutdowns, and all are wary of a second wave of the coronavirus, economic outlooks by and large suggest that these next few months should bring about signs of progress. […]
deVere CEO says pound slump, UK rate cut could drive investors’ demand for foreign assets
Businessam StaffJanuary 13, 2020
Increasing hints that the Bank of England will cut interest rates is likely to prompt investors into overseas financial assets, says Nigel Green, chief executive officer of one of the world’s largest independent financial services and advisory firms, deVere Group. Green, who is also the founder of deVere, is speaking out as the pound came […]
Sterling hits lowest level since April 2017 as disorderly Brexit fears grow
Adesola AfolabiJuly 16, 2019
The pound plunged to new lows Tuesday after lackluster U.K. data compounded growing fears of a haphazard Brexit outcome at the end of October. Sterling versus the U.S. dollar weakened 0.7% Tuesday, reaching $1.2418 by late-morning London trade. It hit a 27-month low against the greenback and a new six-month low versus the euro. Against […]
British Airways faces record $230 million fine
Businessam StaffJuly 8, 2019
British Airways owner IAG is facing a record of 230 million dollars fine for theft of data. The data theft was from 500,000 customers from its website in 2018 under tough new data protection rules policed by the UK’s Information Commissioner’s Office (ICO). The ICO proposed a penalty of 183.4 million pounds, or 1.5 per […]
No-deal Brexit could trigger recession, unemployment by 7.5%, BoE says
Businessam StaffNovember 29, 2018
The Bank of England says the UK’s economy could slip into a recession and be worse off than it was following the financial crisis, should the country leave the European Union without an agreement. Specifically Mark Carney, the BOE governor, warned businesses are unready for a no-deal Brexit. The BoE in a comprehensive report on […]
US multinational buys into UK rehab centres as demand grows
Businessam StaffAugust 20, 2018
The UK private rehab market is set to grow exponentially, one of the largest addiction firms in the country has said after receiving US investment. Addiction treatment centres have reported increases in the number of people seeking help, and concerns have been raised that cuts to drug and alcohol services mean some addicts are being […]
Amazon UK tax bill falls despite profits leap
Agency ReportAugust 7, 2018
Online retail giant Amazon’s UK tax bill fell last year despite a near-trebling of profits. Amazon UK Services bill was £4.6m, down from £7.4m a year ago, accounts show. But the division, which operates the warehouse “fulfilment centres”, was able to defer £2.9 million. It meant that the company has paid £1.7m in tax for […]
Cadbury to launch new Dairy Milk bar with 30% less sugar
Businessam StaffJuly 20, 2018
Cadbury is launching a new Dairy Milk bar with 30 per cent less sugar as part of industry efforts to tackle the obesity crisis. Fans of the original, however, have no need to fear as Cadbury, which is owned by Mondelez, will continue to produce it. Glenn Caton, president of Mondelez’s Northern Europe division, said […]