European Commission clears Germany’s Uniper bailout December 21, 2022 The European Commission said on Tuesday it had approved Germany's €34.5bn plan to recapitalise German natural gas trader Uniper.
London calling: Capital regains prize as most searched-for property location December 21, 2022 The allure of the countryside during the pandemic has subsided as searches for homes in London have spiked to their highest levels since going into lockdown. Cornwall and Devon held the most searched-for locations for several months in 2021, now Brits are looking to head back to the capital, research from online property agent Rightmove [...]
Octopus completes Bulb Energy takeover after year-long saga December 21, 2022 Octopus Energy has completed its takeover of fallen rival Bulb, absorbing its 1.5m customers after year-long saga.
Elon Musk’s year in Tweets: Ukraine, buying Twitter, Trump, Bitcoin and blue ticks December 21, 2022 Elon Musk’s time as Twitter CEO has been controversial. Even before his purchase of the social media platform, the business magnate and investor was an avid Twitter user. After a turbulent year online – and off – we have done the painstaking task of trawling through the Tesla billionaire’s feed, for high (and low) points [...]
Brits untroubled by rising mortgage rates as property transactions rise December 21, 2022 Monthly property transactions have increased across the UK and returned to pre-pandemic levels despite the ongoing cost of living crisis. Today, HM Revenue and Customs (HMRC) published statistics indicating that monthly property transactions in the UK above £40,000 have increased consecutively over the past nine months. Frances McDonald, research analyst at Savills said: “In light [...]
Britain’s workaholics: Meet the Hackney fishmonger who is up earlier than the milkman December 21, 2022 Britain’s small business owners are among the hardest working people in the country with many up before the milkman and still going long after the DJ has played their final song. Nearly half of bosses work more than 50 hours per week while a third start work before 5am – a time better known to [...]
Pharma firm makes RSV vaccine candidate breakthrough with artificial intelligence December 21, 2022 Biopharmaceutical firm Poolbeg Pharma has found a number of RSV vaccine candidates via artificial intelligence (AI), in a landmark move in finding a treatment for the virus. The London-listed company has prioritised candidates with existing early-stage clinical data, which could be repositioned into novel treatments for RSV infection. Candidates with solid safety data in humans [...]
From Financial Inclusion to Financial Capability December 21, 2022 | Sponsored DiverCity® Podcast · From Financial Inclusion to Financial Capability In this episode, host Julia Streets is joined by Dr Rajiv Prabhakar, Senior Lecturer in Personal Finance at the Open University and Sian Williams, previously Director of Policy and Innovation at Toynbee Hall, now the new CEO of Switchback. Together they look at the financial inclusion [...]
Richard Branson’s Virgin Orbit secures licences ahead of first British satellite launch December 21, 2022 Richard Branson’s rocket company Virgin Orbit has finally been issued its licences ahead of the first satellite launch from British soil. The long-awaited launch is still expected to happen before the end of the year, although a new official date is yet to be announced. The Civil Aviation Authority (CAA) granted the licences within 15 [...]
Government borrows record amount in November as debt bill swells December 21, 2022 Growing public sector expenditure in November prompted a £22.0 billion borrowing frenzy.