Ofgem boss accepts oversight failings of energy sector but defends consumer price cap February 8, 2022 Ofgem's chief executive has recognised regulation of the energy industry has to be "tougher" after market chaos this winter.
GoCardless closes $312m funding round to become UK’s latest fintech ‘unicorn’ February 8, 2022 London-based payments firm GoCardless has closed a $312m funding round to make it the UK’s latest fintech ‘unicorn’ with a valuation of $2.1bn.
WeWork partners with startup Upflex in flexible global workspace roll out February 8, 2022 Workspace provider WeWork is entering an exclusive partnership with coworking startup Upflex. The flexible space firm said on Tuesday that the deal will result in a combined network of more than 5,500 locations, with WeWork selling Upflex space to its members. WeWork announced it would also participate in Upflex’s Series A funding, alongside other investors. [...]
CarFinance 247 reports 11 per cent increase in prices following used-car market boom February 8, 2022 UK motor finance platform CarFinance 247 has registered an 11 per cent increase in the average price of vehicles sold going up from £9,364 in October 2020 to £10,434 a year later. As a result of supply chain issues and strikingly high levels of demand, prices have gone up almost 30 per cent on 2019 [...]
Lockheed Martin snags $194m NASA contract to retrieve Mars rock samples February 8, 2022 Lockheed Martin has snagged a $194m NASA contract to build its Mars rocket, which will return rock samples to Earth sometime in the 2030s. The aerospace and deface manufacturer has already cemented itself within the space sector, both state and commercially funded, as it begins work on a separate commercial space station project, known as [...]
EU mulls metaverse regulation as businesses jump into virtual reality February 8, 2022 As key players in fashion, tech and finance develop virtual reality metaverses EU authorities are considering new rules to protect consumers.
Greggs and Primark roll out fashion range together February 8, 2022 Bakery chain Greggs has announced it is collaborating with Primark to launch a limited-edition fashion collection. A range of 11 clothing items will launch across 60 Primark stores from 19 February , with clothes branding the Greggs logo and slogans such as “It’s a pastry thing.” The two high street names will open an appointment-only [...]
DLA Piper hikes pay for newly qualified lawyers in its London offices to £95k February 8, 2022 DLA Piper has said it will give its London lawyers an eight per cent pay rise in upping salaries paid to its newly qualified solicitors from £88,000 to £95,000. The law firm also said it will hike pay for freshly qualified lawyers by 35 per cent, by upping salaries for solicitors in its Birmingham, Leeds, [...]
Legal & General forecasts pension risk transactions to hit £30bn for 2021 February 8, 2022 The Legal & General Group has forecast pension risk transaction volumes to hit £30bn for last year, as the market maintains its momentum into 2022. Britain’s oldest insurance group expects demand for pension risk transactions (PRTs) to remain strong this year, according to its latest Global PRT Monitor which analyses the market’s outlook across the [...]
2001 named best year for top hit albums February 8, 2022 New research has revealed that 2001 produced the highest number of albums appearing in the top 250, including hits like The Strokes’ ‘Is This It’, Jay-Z’s ‘The Blueprint’ and Bjork’s ‘Vespertine’. The study by Convertr.org analysed the top 250 albums on AlbumOfTheYear.org and found that the albums released that year averaged out a score of 87.9 out [...]
