Flying taxis to slash Heathrow to City trip to 12 minutes Transport and infrastructure Commuting from Heathrow to central London may soon be a thing of the past. Vertical Aerospace, founded by the man behind OVO energy, has unveiled Valo, its next generation aircraft designed for quick, zero emission airport to city travel. While the British electric aviation giant’s shares have seen a 94 per cent decline since its [...]
Mark Kleinman: Ovo’s quest for cash needs fresh spark Business Ovo’s quest for cash needs fresh spark Talk about losing its spark. For Stephen Fitzpatrick, the 2020 acquisition of SSE’s retail energy supply arm was a defining moment – a daring swoop by Ovo, the upstart utility he had founded, for a principal member of the sector oligopoly. It’s been far from plain sailing since: [...]
Kensington Roof Gardens plunges to £26m loss hospitality The company behind the revamped Kensington Roof Gardens suffered a £26m loss after the venue reopened as a private members’ club, its latest accounts reveal. The grade-II listed former nightclub, situated on London’s swanky Kensington High Street, unveiled plans to launch as a members’ club in February last year, offering annual memberships of up to [...]
Ovo Energy buys brand from billionaire founder in £150m deal January 28, 2025 Ovo Energy has bought its brand from the company’s billionaire founder in a £150m deal. The Bristol-based firm, which is the country’s fourth-biggest household energy supplier, has made the move as part of a wider reorganisation. It was reported last Summer that Ovo Energy was close to hiring bankers to explore fundraising options which could [...]