Berkeley: Housebuilder warns of plummeting sales value amid property market volatility September 8, 2023 Berkeley has warned its value of private sales reservations has fallen 35 per cent on last year, reflecting the challenges facing the housing market. The housebuilder said the drop echoed the “elevated macroeconomic and political volatility”. It comes after house prices in August were revealed to be 4.6 per cent lower than the same month [...]
TRG: Wagamama owner on hunt for new chair after months of shareholder haggling September 8, 2023 The Restaurant Group (TRG) are hunting for a new chairman after current one Ken Hanna has told the company he will not be standing for re-election at the next AGM in 2024. Shares rose five per cent on Friday morning after Hanna, who has been at TRG since the start of 2022, said he is [...]
‘The economics did not stand up’: Renewable auction fails to deliver any new offshore wind projects September 8, 2023 No new offshore wind farms have been commissioned in a key auction, dealing a blow to the Government’s hopes of decarbonising the UK’s electricity production. In the annual auction which lets companies bid to supply the grid with electricity, many onshore wind projects and solar farms bid to get a contract. However, no offshore wind [...]
Zopa raises £75m debt as fintech bank eyes public markets debut September 8, 2023 Fintech lender Zopa Bank has raised a fresh £75m round of debt financing today to boost its coffers ahead of a much-anticipated float on the public markets. The London-based bank, which has been open about its ambitions for an IPO in recent months, said today it had raised £75m of tier-two capital through a ten-year [...]
A new Horizon deal will protect the future of British science and AI capabilities September 8, 2023 Funding will help us use artificial intelligence algorithms, normally used to track exploding stars, to check for skin cancer.
We’re in for the biggest shake up in corporate criminal law this century September 8, 2023 New laws to prevent fraud will make it easier to prosecute larger companies.
UK firms in the dark over regulatory ‘avalanche’ for EU trade, report warns September 7, 2023 Most businesses are in the dark about a looming “avalanche” of changes in EU/UK trade regulations, an industry group is warning.
Industry bodies back London as European clearing hub as concerns raised with EU’s regulations September 7, 2023 Leading users of derivatives markets in the European Union called on the bloc on Thursday to scrap a plan that would force them to shift euro derivatives clearing from London to the EU.
Offshore wind auction expected to be major letdown for government’s green agenda September 7, 2023 The latest auction round for offshore wind is expected to be disappointing for the energy sector, with close to zero bids.
Meet the AI startup getting ahead of regulation and artist copyright protection September 7, 2023 Amid the ongoing legal knots and evolving regulations surrounding generative artificial intelligence (AI), businesses would be right to be concerned about infringing copyright laws. AI image generators have been the subject of much backlash, with accusations of scraping material from artists landing them in murky legal territory. Earlier this year, several visual artists filed a [...]
