Ministry of defence carves out 100 new jobs in pumping £22m into new satellite April 4, 2022 The UK’s ministry of defence has commissioned a new £22m satellite, which is expected to create around 100 new jobs. The satellite, built as part of the £127m science and technology programme Minerva, will be the first in a network of new satellites to support military operations. The three-year contract with Surrey Satellite Technology Ltd [...]
Brexit spurs rise in overseas talent sponsoring among City firms April 4, 2022 Brexit has spurred a rise in City firms sponsoring overseas recruits, with around 200 workers based outside of the UK being hired per week. It comes amid a labour shortage on British soil, which has seen City law firms battle it out for the highest pay. Visa sponsorships by UK-based financial services firms have been [...]
Protestors block London Esso oil facility ahead of new UN climate report April 4, 2022 Protestors have blocked an Esso oil facility near Heathrow Airport with two bamboo structures in a bid to stop new fossil fuel developments. In a fourth day of protests, demonstrators from Extinction Rebellion and the Just Stop Oil Coalition have been blocking the exits to several oil facilities across the country, beginning with seven on [...]
Carnival shareholders advised to vote against boss’ lofty pay following P&O backlash April 4, 2022 Investor advisory groups have advised Carnival shareholders to vote against its chief executive’s lofty bonus, after its “poor company performance”. Carnival, the cruise operator behind P&O, Princess and Cunard brands, has made headlines over the past few weeks after P&O sacked some 800 staff overnight, without consulting trade unions. Chief executive Arnold Donald took [...]
Business of Space: Not only doing the hard things, but the ‘right thing’ April 2, 2022 This week Blue Origin creates six more astronauts SpaceX teams up with OneWeb Seraphim Space piles into Pixxel Blue Origin: Space tourists aplenty Jeff Bezos’ Blue Origin successfully completed its fourth tourist flight to space on Thursday, marking the increasing accessibility of space – to the few that can afford it. Bezos, who made his [...]
Government decides it will go ahead with plan to ban conversion therapy following backlash April 1, 2022 The government has decided it will go ahead with its plans to ban conversion therapy after a leaked document revealed it was scrapping the move. “The PM has agreed we should not move forward with legislation to ban LGBT conversion therapy,” the document read, ITV News first reported. Following backlash from politicians, charities and businesses, [...]
Protestors block exits to seven oil facilities in bid for no-new-oil pledge April 1, 2022 Campaigners have blocked the exits to seven oil facilities near London, Birmingham and Southampton, in a bid to halt new oil and gas developments. Protestors from the Just Stop Oil Coalition and Extinction rebellion have planted themselves along roads to stop oil tankers from leaving the facilities. One protestor from London, Jack Johnson, said: [...]
SpaceX’s Starlink to branch out into Asia, says Filipino trade secretary March 31, 2022 Starlink, the satellite broadband service founded by billionaire entrepreneur Elon Musk, has branched out into the Philippines, according to the country’s trade secretary today. Starlink, part of Musk’s SpaceX, is currently scouting out locations for where its ground terminals will be based, while its business permit application is being processed, trade minister Ramon Lopez said. [...]
Brewin Dolphin shares fly following £1.6bn RBC Wealth Management bid March 31, 2022 The Royal Bank of Canada’s (RBC) wealth management business has offered to buy British investment management heavyweight Brewin Dolphin for £1.6bn. London-headquartered Brewin will receive 515p per share, which includes an over 60 per cent premium on yesterday’s closing price of 318p. The bid values Brewin at 2.8 per cent of its £55bn assets under [...]
Members of troubled British Steel Pension Scheme win back over £71m in redress March 31, 2022 The UK’s financial watchdog has agreed that former members of the troubled British Steel Pension Scheme (BSPS) will be able to receive £71.2m worth of compensation, as part of long-awaited redress for workers. The Financial Conduct Authority (FCA), which launched a probe for a redress scheme in late December, has found that almost half (46%) [...]
