The BSCC network encapsulates knowledge and expertise from a vast array of sectors. We are therefore always eager to present the latest news from our members. This week we share updates from Vinge, Novare Human Capital, and SAAB. Vinge Female-run businesses in low – and middle-income countries tend to have bleak prospects in acquiring loan financing. In the fight against poverty, available flows of investment are of utmost importance. Therefore, Vinge has ...
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Post Office Scandal The Post Office faces potential insolvency due to a possible £100 million tax bill following the postmaster's scandal. The scandal was an almost 20-year period of theft, false accounting and fraud due to the faulty post office's horizon accounting software. The Post Office has tried to claim tax relief on the compensation it paid to the victims of the scandal. The latest accounts from the Post Office displayed £435 ...
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We are delighted to introduce are newest members Accello and JEBcom. Accello's mission is to help B2B businesses make a big impact in Sweden and the Nordic countries. Specializing in connecting IT, finance, manufacturing, and tech businesses with these markets, Accello offers deep local insights and tailored strategies to ensure companies stand out in these competitive environments. As a local partner, their expertise extends to market research, sales strategy development, and ...
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Electric cars share of UK market falls Manufacturers are feeling doubts over whether they can reach new green targets as electric cars share of Uk market falls for the first time annually. The share UK market has been rising each year and reached a peak of 16.6% of annual sales in 2022. In 2023, the share failed to increase and stayed at 16.5%. This has prompted manufacturers to be requesting tax ...
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UK Business activity Rise Economic output in the final quarter was expected to fall by most economists due to the slump in output from the manufacturing industry. However, the S&P Global flash UK composite output index, which measures the success of both services and manufacturing industries, has shown otherwise. It rose from 50.7 to 51.7 this month which is the most significant rise in the last 6 months. The surprising increase in the ...
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Conservatives split over immigration policies Division within the Conservative party exacerbated this week just before the vote on legislation aimed to revitalise plans to send asylum seekers to Rwanda. The original deal was announced in April last year where some asylum seekers arriving in the UK would be sent to Rwanda for processing and they could be granted refugee status upon arrival. The government had announced plans that anyone after 1 ...
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Saudi PIF and Ardian heavy investment Ferrovial announced this week that it would be selling its 25% stake in Heathrow airport for £2.4 billion. The stake will be acquired by Saudi Arabia’s sovereign wealth fund who will take a £1 billion stake along with one of Europe’s biggest private equity groups (Ardian) who will buy 15%. Ferrovial are selling after ownership for 17 years with executives growing frustrated at regulations after ...
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UK Investment Boost Over 200 executives are set to attend a summit in London this week including Goldman Sachs Chief executive David Solomon. At the summit, designed to showcase the UK’s appeal to investors, Rishi Sunak will announce that the Uk have been pledged £30 billion in investment pledges by international companies. The bank of England has forecasted the Uk economy will flatline until 2025 and this summit will showcase the ...
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Within the BSCC network there exists extensive knowledge and expertise. We are always eager to share relevant knowledge, news and useful information. This week we are happy to share updates from Springy, Bonde Advokater and Mannheimer Swartling. Springy Springy has recently been chosen by Svenska Dagbladet and Carnegie as one of the ten finalists in this year’s Future Entrepreneur 2023 competition. This is a noteworthy achievement that recognizes their innovative approach to ...
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Huge UK infrastructure boost The UK government announced this week that up to 55 areas would be allocated almost £1 billion of the ‘levelling up fund’ which aims to bolster the economic growth and prospects in struggling areas. This flagship fund was created by former Prime Minister, Boris Johnson and this injection into the UK economy will give grants of around £20 million to each area selected. Levelling up secretary, Michael ...
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