BP says oil and gas investment needed for 30 more years to avoid energy shortages January 30, 2023 The world risks price swings and shortages unless there is continued investment in the oil and gas sector, BP has warned.
Sadiq Khan: London councils waste money bidding for levelling up cash January 30, 2023 Sadiq Khan accused the government of forcing local councils to waste money bidding for cash as part of the “levelling up fund”. Speaking in front of the Levelling Up Committee, he said councils were criticised if they fail to bid for funding from Westminster, even though only one in five councils is successful. The London [...]
Crypto adoption in emerging markets accelerates as SEC keeps rejecting Bitcoin ETFs January 30, 2023 Data from CryptoCompare shows that the price of Bitcoin moved mostly sideways throughout last week, starting off at $23,000.
FTSE 100 close: London index kicks off new week softly ahead of expected Bank of England rate hike January 30, 2023 London’s FTSE 100 kicked off a new week in soft style today, with gains held lower by investors sweating over a string of big central banks raising interest rates this week. The capital’s premier index jumped 0.25 per cent to 7,784.88 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the [...]
Lidl to invest £4bn in British food businesses in a move it claims will provide its suppliers with ‘security’ and ‘certainty’ January 30, 2023 Lidl has revealed plans to invest £4bn into British food businesses this year, as it charges ahead with growth plans. Lidl GB, the British arm of the German retail group, said it would accelerate the spending plans it announced in 2019. Lidl GB had committed to a £15bn investment in the British food industry between [...]
Rio Tinto apologises after losing radioactive capsule in Australia January 30, 2023 Rio Tinto has lost a radioactive capsule which emits the equivalent radiation of 10 X-rays an hour - after the product fell off a truck.
Charity connected to collapsed crypto exchange FTX under investigation January 30, 2023 The Charity Commission has launched an inquiry into a fundraising platform linked with the FTX cryptocurrency exchange.
Persimmon and Barratt to sign Gove’s cladding contract as others stall for time January 30, 2023 A handful of developers plan to sign the government contract to fix buildings affected by cladding and other fire risks in the coming weeks. Levelling up secretary Michael Gove gave developers a six-week deadline to commit to more than £2bn of repairs to fix the issues in buildings taller than 11 metres. This comes on [...]
Amazon Prime and Netflix brace for cancellations as Brits look to trim spending January 30, 2023 More Brits are planning to unsubscribe from video streaming services this year, after new data revealed the number paid-for subscriptions in the UK fell by two million last year as rising costs continue to eat into household budgets. Data analytics group Kantar revealed today that the number video streaming subscriptions in the UK fell from [...]
Hambro SPAC ditches merger talks with biotech firm January 30, 2023 Hambro Perks Acquisition Company (HPAC), a pioneering special purpose acquisition company (SPAC), has abandoned plans for a merger with biotech firm Istesso. HPAC, which became the first SPAC to float in London in November 2021 after regulators overhauled UK rules, had been in talks with Istesso over a planned merger. Istesso is part-owned by London-listed [...]
