UK government says data centres are now Critical National Infrastructure September 12, 2024 The UK government has officially designated data centres as Critical National Infrastructure (CNI), as it looks to further boost investment in the UK’s critical hubs of digital information. With this new status, data centres will receive extra government support to protect crucial data, including NHS records, financial information, and personal smartphone data against major incidents [...]
Seedrs: Fewer deals and lower investment hits revenue at crowdfunding platform ahead of Republic Europe name change September 12, 2024 Seedrs suffered a 10 per cent cut in its revenue after fewer deals and less investment were made through its crowdfunding platform in 2023. The business has reported a revenue of £6.1m for the 12 months, down from the £6.8m it posted in 2022. The London-headquartered company provides an online platform for investing in early [...]
Plans unveiled for major 54-storey skyscraper in the City of London September 12, 2024 Proposals for a new 240-meter-tall office building in the City of London’s eastern skyscraper cluster have been submitted for planning approval. The 54-storey 99 Bishopsgate scheme, filed earlier this week by developer Brookfield Properties, represents a key development in the Square Mile’s skyscraper boom as the area around Bishopsgate and Gracechurch Street undergoes a transformation [...]
Tesco loses Supreme Court ‘hire and fire’ appeal after three-year battle September 12, 2024 Tesco has lost its ‘hire and fire’ appeal after the Supreme Court ruled it cannot terminate its employees’ contracts for the purpose of depriving them of retained payment. The judge said that employees’ contracts contained a clause barring the supermarket giant from removing their right to retained pay. The ‘landmark’ legal battle was initially brought [...]
Scotch Whisky sector demands support amid export slump September 12, 2024 The Scotch Whisky Association has called on the government to provide additional support to the industry following a slump in exports. The Scotch Whisky industry is a major contributor to the UK economy. The Scottish Whisky Association (SWA) states that the industry is worth £7.1bn annually and supports 66,000 jobs across the UK, mainly in [...]
Why a sweat test may be key to better performance September 12, 2024 I thought I had hydration sorted. But after trying a sweat test from experts at Precision Fuel and Hydration, I realised I’d been overlooking a key area.
Move over London – regional cities are leading the financial services jobs boom September 12, 2024 New data has revealed the huge impact that regional cities in the UK have had in driving growth in the financial services sector, with more than half of all jobs created outside London. The research by industry body The City UK found that of the 354,000 jobs created within the sector between 2012 and 2022, more [...]
Property market turns positive for first time in two years September 12, 2024 House prices significantly outperformed analyst expectations after the Bank of England cut its base interest rate, data from a closely watched survey from the Royal Institute of Chartered Surveyors (RICS) showed. The survey found that the UK house price balance, which measures the difference between the percentage of survey respondents reporting rising house prices and [...]
UKTV Player helps boost viewers at BBC-owned TV giant ahead of U rebrand September 12, 2024 The BBC-owned company behind TV channels such as Dave is to invest more in its UKTV Player after its viewership jumped by more than 40m during its latest financial year. UKTV, whose channels also include Gold, W, Alibi, Drama, Yesterday and Eden, saw its monetisable views surge from 114m to 160m in the 12 months [...]
FTSE 100 boosted by US inflation print and watering down of banking rules September 12, 2024 London markets received a boost on Thursday morning following a strong performance from US stocks and the Bank of England watering down proposals for new bank capital rules.