UK likely to avoid blackouts this winter with LNG boost, says National Grid October 6, 2022 The UK should have sufficient gas supplies to meet its energy needs this winter, revealed the National Grid, despite fears over blackouts.
Matrixport secures $50m insurance cover for Cactus Custody digital assets October 6, 2022 Matrixport has secured $50m of insurance coverage for digital assets held in cold storage with Cactus Custody, its institutional custodian.
Halma inks second multi-million deal of the week after upbeat financial year October 6, 2022 British safety equipment company Halma has bought a German electricals safety testing company for around £50m, in its second acquisition announcement of the week following an upbeat financial year. The London-listed group bought Wertheim-based WEETECH on a cash and debt-free basis, which will play an critical role in addressing the challenge of energy transition and [...]
Analysts slash Motorpoint’s forecast following £10.5m profit slump October 6, 2022 Analysts at Liberum have slashed their forecasts for Motorpoint after the car dealer reported a £10.5m slump in profit. “We reduce our FY23E profit before tax by 50 per cent to £7m,” Liberum’s senior analyst Sanjay Vidyarthi wrote. Motorpoint – which posted today a record £785m revenue for the six months ended 30 June – [...]
Shri Mani: A story of success after sight is restored October 6, 2022 The Tej Kohli & Ruit Foundation shares a story of a patient in Nepal that was cured of needless cataract blindness in 2021. Shri Mani Rai lives in the remote area of the Himalayan outback and suffered with cataract-induced blindness for many years without any medical treatment. With access to the area restricted due to [...]
Pension cash could flow into start-ups under new fee cap changes October 6, 2022 Pension cash could be freed up to fuel the growth of UK start-ups under new plans published today to loosen a cap on pension money management fees.
Lloyd’s of London investigates possible cyberattack October 6, 2022 Lloyd’s of London has launched an investigation into “unusual activity on its networks” that could possibly be linked to a cyberattack. The centuries-old insurance marketplace said it has “turned off” all external connectivity and has begun “resetting the Lloyd’s network and systems” as a “precautionary measure,” whilst it investigates the possible hack. “We have informed [...]
Railsr raises $46m at close of latest funding round October 6, 2022 Embedded finance platform Railsr has closed its Series C round, four months after rebranding from Railsbank.
Hundreds of thousands of nurses to vote on strike over pay in historic ballot October 6, 2022 Britain’s largest nursing union will poll hundreds of thousands of its members today over strike action, the biggest ballot in its 106-year history. The Royal College of Nursing union is campaigning for a pay rise of five per cent above inflation, which currently stands at 9.9 per cent – the highest in around 40-years. Around [...]
Exclusive: Most business managers don’t think it’s their job to help staff with cost of living woes October 6, 2022 Most business leaders do not see it as their responsibility to support staff with financial woes. New figures exclusively shared with City A.M. this morning from financial wellbeing Mintago lifts the lid on a lack of strategy for British firms during the cost of living crisis. Surveying 762 managers, almost 40 per cent said they [...]
