Ofwat close Yorkshire Water case after shareholders cough up £100m to reduce storm overflows October 13, 2022 Ofwat has closed its case against Yorkshire Water, after it agreed to recover £1bn loans and shareholders committed £100m to reduce spills.
Cleverly blasts Tory MPs for attacking Truss and wanting ‘quotable tweets’ October 13, 2022 Britain’s foreign secretary James Cleverly has hit out at Conservative rebels for publicly criticising Liz Truss over her spending plans, accusing them of being concerned with “having quotable tweets”. Cleverly’s comments comes after Tory MPs began to publicly call into question Liz Truss’ policies yesterday. A frenetic meeting of the backbench 1922 Committee last night [...]
Easyjet to post loss for third consecutive year despite strong summer October 13, 2022 Easyjet is expected to post a loss for the third consecutive year, despite increasing earnings over the busy summer quarter. The low-cost carrier said that, for the year ended 30 September, losses are expected to be in the £170m-£190m range as a result of travel disruption experienced over the last few months. In a trading [...]
Lloyds and Aon team up to build customer resilience to Ukraine conflict October 13, 2022 The insurance industry must help customers build resiliencethe Russian invasion Ukraine, according to new research from Lloyd’s and Aon.
Parliament paves way for blockchain with digital documents Bill for UK’s £1.3 trillion trade industry October 13, 2022 Westminster last night passed a Bill that could see official government documents be held on the technology behind cryptocurrency.
Kids’ finance app GoHenry bags £50m cash injection October 13, 2022 Kids’ finance app GoHenry revealed it had bagged $55m in fresh funding today as it looks to fuel its expansion across Europe.
Royal Mail workers kick off 19 day strike action October 13, 2022 The biggest strike of the year continues today as 115,000 postal workers will come out for a “dignified, proper pay rise”. Members of the Communication Workers Union – which represents Royal Mail Group workers – have kicked off the first day of their 19 day strike. The decision follows the union’s ballot for strike action [...]
Semiconductor supply ‘gradually improving’, says Britain’s DiscoverIE October 13, 2022 The supply of semiconductors is “gradually improving” following several years of trickling quantities and rampant demand, British electronic components manufacturer DiscoverIE said today. Bosses within the semiconductor industry have described the chips market as cyclical, with ebbs and flows of over-and-under supply. The London-listed group, which relies heavily on semiconductors, said that despite supplies remaining [...]
Greensill insolvency earns administrators £34m October 13, 2022 The collapse of the disgraced supply chain finance firm Greensill Capital has earned its administrators £34m in fees and expenses, according to reports.
Workspace says office demand remains strong despite strike disruption and extreme weather October 13, 2022 Workspace said demand for office space in the second quarter remained resilient, despite extreme hot weather and tube and rail strike disruption. The flexible working space firm reported strong conversion of demand into lettings with 317 lettings completed in the quarter and 642 lettings in the first half, with a total rental value of £17.5m [...]