Business

The £4bn flotation of Darktrace, one of Britain’s most prominent technology companies, has been dealt a severe blow by the resignation of one of the investment banks hired to lead it. Sky News has learnt that UBS, the Swiss bank, has informed Darktrace that it is no longer able to work on the cybersecurity provider’s
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The volume of exports going through British ports to the EU fell by 68% last month compared with January last year, according to research. The Road Haulage Association’s chief executive Richard Burnett told The Observer that the organisation had also found 65-75% of vehicles arriving from the EU were returning to the bloc empty. This
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Business leaders have welcomed changes to lockdown loans but say more support is needed to keep firms afloat over the coming months. On Friday night, Rishi Sunak announced that small businesses would be given more time to repay bounce-back loans under a “pay-as-you-grow” initiative. The chancellor said he was determined to give firms the “breathing
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