Exclusive: New Ofgem regulations risk stifling innovation, warns So Energy July 5, 2022 So Energy's co-founder Simon Oscroft has urged Ofgem to not over-regulate the sector, if it puts more costs on consumers and hurts challengers.
Humiliating defeat for govt as peers order new post-Brexit UK Infrastructure Bank to pay for eco-schemes July 5, 2022 The Government faced a humiliating defeat last night as peers voted to support a move the UK Infrastructure Bank supports eco-friendly schemes. The House of Lords voted by 182 to 153, majority 29, for a legislative change to specifically include the circular economy and nature-based solutions in projects financed by the institution. The UK Infrastructure [...]
Saga on track for profits as pandemic recovery continues July 5, 2022 Over-50s specialist Saga said it was on track to return to profits today as it continues its recovery from a pandemic slump.
AstraZeneca strengthens cancer drug pipeline with up to $1.2bn deal July 5, 2022 AstraZeneca has strengthened its cancer drug pipeline the $100m (£82.5m) acquisition of a clinical-stage T-cell engager, which will be used to develop medicines for lymphoma. The famed Covid-19 vaccine maker inked a deal which will see the T-cell engager TNB-486 as well as the owning company TeneoTwo fall under its wing, with promises of further [...]
Exclusive: ‘Veganuary’ founder launches new £30m vegan venture fund July 5, 2022 The co-founder of the ‘Veganuary’ initiative has launched a new £30m investment vehicle today designed to spur growth in firms developing meat-free animal alternative products.
DHL launches UK recruitment drive to create 3,500 new jobs for ten new depots across Britain July 5, 2022 DHL said this morning the logistics giant plans to invest more than £190m into creating 10 new collection and delivery depots across the UK, and expanding 20 existing sites, which will create 3,500 jobs. The investment forms part of DHL’s plan to expand its UK e-commerce operation – DHL Parcel UK – through a £482m [...]
Superdry designer gets £96k payout in age discrimination claim July 5, 2022 Superdry designer Rachel Sunderland won nearly £100,000 in damages for her age discrimination claim against the high-street clothing brand after she was deemed too old to quit regardless of how she was treated. Sunderland, who is in her fifties and boasts more than 30 years’ design experience, argued that she was repeatedly overlooked for promotion [...]
Young’s reports bumper sales but cost of living slowdown looms July 5, 2022 Young’s Brewery chair Stephen Goodyear said the firm had made a bumper start to the new financial year today but warned that a looming cost of living crunch could temper sales growth in the months to come. At the firm’s annual general meeting today, Stephen Goodyear, Chairman of Young’s, is set to tell shareholders that [...]
B&M retail poaches DFS Furniture’s CFO amid inflation concerns July 5, 2022 The chief financial officer (CFO) of DFS Furniture has been poached by B&M Retail S.A., after steering the sofa retailer through the turbulent pandemic period. Mike Schmidt, who will also step onto the board as an executive director, is expected to take up the new position by the beginning of next year. The ex-Citi and [...]
Revenue climbs for Supreme despite slowdown of lighting vapes July 5, 2022 Vaping giant Supreme posts revenue growth of seven per cent to £130.8m in its full year results thanks to fresh acquisitions and customer momentum for 88vape.