New UK science minister unveils £15m cashpot for satellite comms innovation October 17, 2022 The UK’s new science minister has unveiled a £15m fund for businesses to bolster their satellite communications technology. Nusrat Ghani, who stepped into the position within Liz Truss’ cabinet at the beginning of the month, said the funding will help “to strengthen the UK’s position as a world leader in the satellite communications market” and [...]
BP snaps up US biogas firm for £2.9bn to boost bioenergy business October 17, 2022 BP has boosted its presence in bioenergy, snapping up American biogas company Archaea Energy in a £2.9bn deal.
Lord Mayor’s show next month to combine 13th Century traditions with modern diversity of City October 17, 2022 Traditions dating back to the 13th century and a giant inflatable pig will feature in the historic 694th Lord Mayor’s Show next month. Up to 250,000 people are expected to cheer on a ceremony steeped in history on 12 November, as Nicholas Lyons marks the start of his time in office. The ceremony will bring [...]
Talk of studio sale sends ITV shares soaring October 17, 2022 With shares down over 40 per cent this year, ITV was lifted this afternoon following rumours that it was mulling a sale of its studio arm. According to initial reports from the Financial Times, the maker of both Coronation Street and Love Island is said to be actively reviewing whether to dump its stake in [...]
Ethereum nears deflationary status, but crypto adoption grows as Bitcoin’s mining difficulty hits ATH October 17, 2022 CryptoCompare's Francisco Memoria takes a look at the last seven days in the crypto markets to see what narratives have driven price action.
Gold prices propped up by bullish demand in Asia despite hawkish Fed October 17, 2022 Gold prices are trapped in a narrow pricing corridor, with robust demand in Asia preventing a tumble in prices.
Police slam ‘selfish’ Just Stop Oil activists who scaled QEII bridge forcing its closure October 17, 2022 Police branded Just Stop Oil demonstrators ‘selfish’ amid an all-day standoff with activists who scaled the QEII Bridge forcing its closure. Commuters faced disruption after the campaigners climbed to the top of the Dartford Crossing over the Thames, leading to Essex Police closing it. The situation began to unfold at 4.50am, when officers were called [...]
US approval of GSK’s one-vial meningitis vaccine sweetens investors amid litigation October 17, 2022 GlaxoSmithKline’s (GSK) one-vial only meningitis vaccine Menveo has been approved by US regulators, which has sweetened investors amid its ongoing legal battle. The British medicines giant and French pharma firm Sanofi are currently undergoing a series of trials in the US over Zantac, a heartburn drug which was recalled in 2019 following claims by the US [...]
British chipmaker IQE lunges into Samsung’s home turf with Asia push October 17, 2022 British chipmaker IQE has announced its second Asia-based partnership in a week, as it seeks to widen its presence in the tech-driven market. IQE today inked a supply deal with an unnamed consumer electronics heavyweight in the region, just days after cutting a deal with Korean supplies producer SK Siltron for the development and commercialisation [...]
Government must avoid ‘cliff edge’ after cutting energy support package October 17, 2022 The Government must ease support for households to prevent them facing a sudden uptick in their energy bills, warned the BEIS chair.
