They are fantastic wealth generators, but the smallest firms pay the highest price when it comes to financial admin with new research from Starling Bank revealing that micro-businesses spend 10 weeks a year sorting out their accounts, payments and the like. The Make Business Simple report from digital and mobile-based operator Starling highlights the often hidden toll taken on the UK’s ...
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Pound US dollar exchange rate up as business optimism lifts December’s services activity
The pound US dollar exchange rate rose to $ 1.315 today after the UK Markit Services PMI beat forecasts and narrowly avoided contraction by rising from 49 to 50.0. After Prime Minister Boris Johnson’s election victory last month, output in the UK’s most dominant sector improved, giving the pound a boost in the process. Daily Express :: City and Business ...
Read More »Bitcoin kicks off 2020 with dazzling display of volatility
BITCOIN celebrated its 11th birthday today with a dramatic price rise of almost $ 400. The sudden spike capped a restless start to the new year as the cryptocurrency bounced between $ 7,300 and $ 7,100. Daily Express :: City and Business Feed
Read More »Credit boosts tropical expansion for dried fruits success Ozgur Tarim
Dried fruits and seeds importer Ozgur Tarim is setting its sights on the tropics in 2020 after providing the festive fuel for millions of pies, puddings and cakes. Following start up 2017 the Essex-based business is forecasting a £26million turnover next year and has a 22 percent share of the UK market. Daily Express :: City and Business Feed
Read More »Pound US dollar exchange rate buoyed as Trump’s impeachment spooks markets
THE GBP/USD exchange rate is currently trading at $ 1.311, up roughly 0.2 per cent from the session’s opening rate. Daily Express :: City and Business Feed
Read More »Pound euro exchange rate steady as Bank of England holds interest rates
THE POUND euro exchange rate held steady today, with the pairing currently trading around €1.176 after the Bank of England left its interest rates on hold at 0.75 per cent, despite another split on rates. Daily Express :: City and Business Feed
Read More »Teenager arrested over million-dollar crypto phone hack
A TEENAGER has been arrested in connection with a massive hacking operation that allegedly saw him steal a million dollars of cryptocurrency from the mobile phones of strangers. Daily Express :: City and Business Feed
Read More »Pound Euro exchange rate: GBP/EUR flat as UK ‘election euphoria’ fades
The pound was left flat against the euro today as Brexit pessimism increased and left markets fearing a hard Brexit next year, leaving the pairing trading at around €1.176. Sterling suffered further losses on Wednesday as traders continued to assess the risk of a disorderly Brexit at the end of 2020. Daily Express :: City and Business Feed
Read More »UK crypto exchange shuts down over EU law
A UK-based cryptocurrency exchange has shut down because of looming EU regulation. The new law from Brussels – AMLD5 – will force cryptocurrency exchanges to comply with the same regulations as other financial institutions, including submitting suspicious activity to regulators and greater customer scrutiny. Daily Express :: City and Business Feed
Read More »Pound US dollar exchange rate sinks as UK inflation remains at three-year low
The pound US dollar exchange rate dipped by -0.3 percent today, with the pairing currently trading around $ 1.308 after the UK year-on-year inflation figure held at a three-year low of 1.5 percent in November. The report also showed that UK inflation continues to undercut the Bank of England’s target of 2 percent by a wide margin. Daily Express :: ...
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