UK set to face ‘sluggish’ growth in the face of sticky inflation and Bank of England interest rate hikes
Drax: Biomass energy giant which received £6bn from taxpayer reports 84 per cent earnings hike February 23, 2023 Power generation firm Drax is the latest winner from the energy price crisis, with its earnings up 84 per cent in the last 12 months to £731m. Drax, which received £6bn in green energy subsidies from British taxpayers over the last four-decades, was the latest energy giant to announce bumper profits; recent announcements include Shell [...]
Tube strike to take place on 15 March after Aslef members voted in favour of industrial action February 22, 2023 London will grind to a halt on 15 March after tube workers voted in favour of strike action, as Sadiq Khan warned there are “no proposed changes to pensions”, at the heart of the dispute. Train drivers who are member of the uion Aslef voted to down tools for 24 hours next month with 99 [...]
UK tech firm numbers double in two years – with London start-up growth lower than nearly all other regions February 22, 2023 The number of newly-created UK tech firms is up by a fifth, with London marginally below the national average. There were 46,474 new tech companies created in Britain in 2022, up from 38,240 in 2021. Based on data from Companies House, the uptick in registrations of new firms is almost double that of 2020, when [...]
Future’s bright: Digital media giant behind Marie Claire and GoCompare names new CEO February 22, 2023 Future, the media company which owns brands including Marie Claire and GoCompare, has unveiled its new chief executive. Jon Steinberg will join Future on 3 April, following the resignation Zillah Byng-Thorne last September, following a decade at the helm. The company was founded in 1985 and has more than 220 companies, ranging from magazines and [...]
Record 150,000 new firms founded by women last year, Natwest report reveals February 22, 2023 A record 150,000 new firms were founded by women last year, according to a major review by Natwest chief executive Dame Alison Rose. New figures outlined in the Rose Review Progress Report for 2022 show female entrepreneurs started twice as many companies last year as they did in 2018, despite the challenging economic environment. There [...]
Migration Museum gets new home in Square Mile as refugee developer stumps up 60-years rent-free space February 21, 2023 A multi-million pound development in the Square Mile will give a new home to the Migration Museum and provide hundreds of affordable apartments. 65 Crutched Friars near Tower Hill will be transformed into a 21-storey state-of-the-art site and has been granted 60-years rent-free space by the developer. Dubbed “Britain’s gateway to the world for thousands [...]
Old Street roundabout revamp to be finished in ‘early 2024’ as delays hold back project February 21, 2023 The transformation of Old Street Station is set to be further delayed as Transport for London (TfL) today pushed back the completion date for the project to “early 2024”. TfL said the project has been delayed by the pandemic, with the construction site shut for three months and operations subject to long periods of social [...]
Vodafone’s major solar deal with Centrica to boost UK’s green energy industry February 21, 2023 Telecoms giant Vodafone today announced it has signed a 10-year solar power deal with British Gas owner Centrica, which the firms said will significantly ramp up renewable energy production in the UK. The deal, or power purchase agreement, will see the construction of five solar farms across England. The farms, the firms said, will help [...]
Gareth Southgate: Joseph Fiennes to portray England manager as Three Lions immortalised in National Theatre play February 21, 2023 Actor Joseph Fiennes will portray England manager Gareth Southgate as he’s immortalised on stage with a new play at the National Theatre The Handmaid’s Tale star will feature in Dear England, with tickets going on sale from 9 March in a production by James Graham and directed by Rupert Goold. Following the fortunes of the [...]
Meta turns to paid-for verification as data reveals privacy concerns among UK users February 20, 2023 Facebook and Instagram owner Meta will soon role out a paid-for verification model, copying a similar move by rival social media platform Twitter. In a bid to claw back credibility, Meta chief executive Mark Zuckerberg revealed he was launching a new subscription service, which promised more personal security for users, for between £10-12.50 a month. [...]