Netflix banks £1.4bn from British subscribers as eyes turn to titan’s next results October 9, 2022 Netflix raked in almost £1.4bn last year from its British subscribers, in the first tranche of publicly issued figures for the country. The US streaming titan said it amassed £1.38bn in revenue for the year ending 31 December 2021, in annual accounts filed in London at the end of last week. After previously including UK [...]
Virgin Orbit ‘opportunistic on the market’ as it eyes new fundraising October 9, 2022 Virgin Orbit’s boss Dan Hart said the satellite launching company is going to be “opportunistic on the market,” as it seeks additional funding rounds following a disappointing SPAC listing. A subsidiary of Richard Branson-backed Virgin Galactic, the firm raised only $228m (£205m) when it listed in December 2021 on the NYSE. However, the initial target [...]
Truss tells Tory MPs: Unite behind me or face defeat to Labour October 9, 2022 Liz Truss has told her own Tory backbenchers that they must unite behind her leadership or face electoral wipeout at the hands of Labour. Number 10 and several cabinet ministers have today come out to warn rebel MPs about Tory disunity, after a party conference marked by vicious infighting and attacks on Truss. Former cabinet [...]
Zahawi says it’s ‘extremely unlikely’ UK will have winter energy blackouts October 9, 2022 It is “extremely unlikely” the UK will face planned energy blackouts through winter, Cabinet Office minister Nadhim Zahawi has said. Zahawi said “we plan for every scenario”, but that there is a “buffer” of energy supplies that will get the UK through winter. National Grid said earlier this week that British households should cut their [...]
Enterprise blockchain Aventus Network has carbon footprint verified as ‘neutral’ October 9, 2022 Aventus Network has achieved carbon neutral status. The enterprise blockchain commissioned UK-based Carbon Footprint Ltd to verify its neutral calculation based on the energy data Aventus Network provided relating to the electricity consumption of its data servers. Carbon Footprint Ltd uses 2022 emission factors developed by the Department for Environment, Food and Rural Affairs (DEFRA) [...]
Government to push through revenue caps for renewable generators October 9, 2022 The Government will go full steam ahead with its plans to cap revenues renewable electricity generators can make.
Octopus edges toward Bulb takeover as £4bn saga nears its end October 8, 2022 Octopus is edging closer to taking over fallen rival Bulb, bringing to an end the biggest state bailout since RBS in 2008.
Blackstone backs London with new Mayfair base October 8, 2022 Blackstone will build its new European headquarters in London at its Mayfair base, in a fresh boost for the for the capital.
New nuclear power plant backed by Truss and Macron at European summit October 8, 2022 The UK's next proposed nuclear plant has received the joint backing of both Prime Minister Liz Truss and French President Emmanuel Macron.
That’s Rough: Gas storage site still not open as winter crisis looms October 8, 2022 The UK's largest gas storage facility is unlikely to play a huge role in the UK's scramble for supply security this winter.
