Goto Energy ceases trading – CityAM : CityAM October 18, 2021 Goto Energy has become the 16th energy supplier to cease trading this year. The sector is struggling to cope with record high gas prices. Soaring wholesale costs combined with the £1,277 price cap on the average energy customer has resulted in many energy firms facing urgent financial difficulties. Ofgem will designate a new supplier to [...]
Nord Stream 2 fills pipeline with gas ahead of regulatory approval October 18, 2021 Nord Stream 2 has been filled with “technical gas” while awaiting clearance from Germany’s regulator. The pipeline’s Swiss operator Nord Stream 2 AG has filled the first of the project’s two lines with 177 million cubic metres of gas in order to maintain pressure in the pipeline for future exports. The newly constructed 764-mile pipeline [...]
Venom: Let There Be Carnage, Review October 18, 2021 Despite being a patchy mess, 2018’s Venom rose to surprise box office success thanks to a charming star in Tom Hardy, and an audience that was growing weary of sombre superheroes (Aquaman succeeded in the same year for similar reasons). A sequel was inevitable, but has it done enough to flesh out the cult anti-hero? [...]
By 2028 the cybersecurity industry could be worth $418B October 18, 2021 | City Talk The year 2021 is turning out to be a big year for cybersecurity stocks. When work became remote and cloud computing became more essential, organisations found themselves facing new challenges head-on. Businesses are now more aware than ever that they must protect themselves from data theft and other cyberattacks. Subsequently, demand for high-end protection software [...]
Crypto criticism swells as thousands protest in El Salvador against Bitcoin policies October 18, 2021 Thousands of people in El Salvador’s capital took to the streets last night UK time to protest against President Nayib Bukele, over the Central American country’s adoption of bitcoin as legal tender and the firing of Supreme Court judges. Watch the full report.
Travel Special: Pandemic leaves islanders on isolated Mauritius ‘fighting to work’ October 18, 2021 Tourism industry workers in Mauritius have urged UK holidaymakers to return to the island after being left “fighting” for jobs due to the worldwide pandemic. The Indian Ocean island allowed travellers to return on October 1, with many islanders describing the tourism industry as “essential” for them to survive. The country still enforces the wearing [...]
CFOs do not expect ‘double whammy’ of labour shortages and supply disruptions to ease before 2023 October 18, 2021 Finance leaders believe that the labour shortages and supply disruptions British businesses are experiencing now are likely to persist for a year, with no meaningful easing until late 2022 or more likely early 2023. The majority of CFOs experienced labour shortages over the past three months with three-quarters reporting some, severe or significant recruitment difficulties. [...]
Virgin Media O2 takes on BT as £31bn merged entity rolls out first joint product – CityAM : CityAM October 18, 2021 Customers of both Virgin Media and O2 can expect their pay monthly mobile data allowance to be doubled, while broadband speeds will be upgraded to the next available tier, free of charge, the company said this morning. It is Virgin Media O2’s first joint product since the two company’s £31bn merger earlier this year to [...]
Aristocrat to buy Playtech in gaming industry cash acquisition – CityAM : CityAM October 18, 2021 Gaming technology company Aristocrat is acquiring the entire issued and issued ordinary share capital of gambling platform Playtech for 680p in cash per share. The acquisition, made through a subsidiary of Aristocrat – Bidco – has an approximate value of £2.1bn on a fully diluted basis, with £2.7bn value on an enterprise value basis. “This [...]
Back to 2007: UK house prices rise for every region and buyer type October 18, 2021 It’s a full house for the UK home buying market, with property prices rising last month in every region of the UK, London included, and for buyer types ranging from first-timers to those at the wealthiest rungs of the property ladder. In London, the average property price hit £650,683, up another 1.9 per cent on [...]