Castore eyes $200m fundraising boost as it sets to take on rivals Nike and Adidas February 12, 2023 According to reports in Sky News, the business which has received backing from tennis star Andy Murray, is in talks with bankers to secure a “significant capital injection”.
UK law firms hold back on layoffs as legal sector revenues continue to soar February 12, 2023 The UK’s legal sector continued to grow in the final months of 2022 despite a downturn in the wider professional services sector. Legal sector revenues increased six per cent from November to December 2022, to heights of £4bn, figures from the UK’s Office for National Statistics show. The uptick came as the UK’s wider services [...]
Meta gears up for more job cuts as staff complain of ‘lack of clarity’ February 12, 2023 Meta employees have complained about a "lack of clarity" around budgets at the social media giant as the firm readies for another round of job cuts, according to a report in the Financial Times.
Tech Nation lines up potential buyers for assets as closure looms February 12, 2023 Start-up group Tech Nation has reportedly lined up a host of potential bidders for its assets as it prepares to permanently close its doors at the end of March.
New hydrogen levy is ‘harmful’ and could stoke inflation, Tory MPs warn February 12, 2023 Plans for a new tax on energy bills to fund research into hydrogen have been opposed by senior Tory MPs arguing it would be “harmful."
London-based Osmosis wins $4.5bn ESG mandate from Dutch pension fund February 12, 2023 London-based asset manager Osmosis has won a $4.5bn sustainable investment mandate from a top Dutch pension fund looking to slash the environmental impact of its investment portfolio.
Gold’s recent recovery could start to wane, analysts warn February 12, 2023 Gold's strong resurgence in recent weeks could start to wane, analysts have warned, as the current price remains a barrier to entry for potential investors.
Sharp under pressure to quit BBC after report finds ‘significant errors’ over Johnson loan February 12, 2023 BBC chairman Richard Sharp has been told that his position is “increasingly untenable” today after a report found that “significant errors of judgement” were made in helping to arrange an £800,000 loan guarantee for Boris Johnson while Sharp was applying for the top job at the BBC. Ex-JP Morgan and Goldman Sachs banker Sharp, who [...]
IEA: Surging renewables to become dominant electricity source within three years February 11, 2023 Electricity demand and worldwide energy supplies are becoming increasingly weather dependent, reveals the IEA.
Brexit: Signs of progress suggest hope NI Protocol row could finally end February 11, 2023 The UK Government and the EU have reiterated their commitment to finding “joint solutions” to differences around the post-Brexit Northern Ireland Protocol. Foreign Secretary James Cleverly and Northern Ireland Secretary Chris Heaton-Harris held a video call with European Commission vice president Maros Sefcovic on Friday. The protocol was agreed by the UK and EU in [...]
