On standby: Britishvolt secures last minute funding to stay afloat November 2, 2022 Beleaguered battery firm Britishvolt has secured last minute funding to keep it afloat another few weeks. The company, which has been developing a massive £3.8bn gigafactory in north-east England, has been locked in emergency fundraising talks for several weeks – pushing to raise £200m, or sell the company outright. The lagging firm is a sign [...]
Exclusive: Female founders dominate cohort of fast-growing start-ups November 2, 2022 Fifty of the UK’s fastest growing start-up firms are set to join a tech accelerator that has helped launched the likes of Wise and Skyscanner - with nearly half of the new cohort founded by women.
Negotiation 101: expert tips for work November 2, 2022 Asking for what you want – and often deserve – at your job can be a tricky prospect. The hierarchies in place at work can often make it difficult to have open and frank conversations. Depending on what your relationship is like with your manager, it can be really easy for them to shut you [...]
Eurozone manufacturing economy flashes strong recession signal November 2, 2022 The eurozone manufacturing sector has tumbled into recession, driven by customers slashing spending in response to soaring prices and higher interest rates, a closely watched survey out today suggests. S&P Global’s final manufacturing purchasing managers’ index (PMI) for the 19 countries using the euro fell to 46.4 last month, down from 48.4 in September. The [...]
Simpson’s Tavern: Crowdfunder raises nearly £20K in less than 24 hours November 2, 2022 A crowdfunding campaign to save Simpson’s Tavern has raised almost £20,000 in just 24 hours since it began in earnest. Simpson’s, which has sat off Cornhill since 1757 and become a City institution, has been served a winding up petition as a result of rent arrears accrued during the pandemic. Whilst many landlords have chosen [...]
COP out: Government pushes back coal mine decision until after climate summit November 2, 2022 The Government has pushed back a decision on whether to go ahead with a new coal mine Cumbria for the third time this year.
Oreo owner Mondelēz looks to pass on price increases: ‘Chocolate is something people can’t live without’ November 2, 2022 Owner of Cadburys and Oreo had bumper revenue in the third quarter, with its CEO saying people simply “cannot live without” chocolate. US conglomerate Mondelēz announced revenues were up more than eight per cent up to September, despite gross profits dipping. Its revenues in Europe were pushed down in part by a strong dollar, with [...]
Ithaca Energy closes in on £3bn valuation as London float looms November 2, 2022 Ithaca Energy is closing in on a value above £3bn in what could be London's largest initial public offering this year.
Sunak’s Cop-27 attendance is a facile row that sums up too much of our politics November 2, 2022 Little could more perfectly sum up the facile nature of our energy and climate debate – and indeed often our politics – than the confected row about whether or not Rishi Sunak attends Cop-27 in Egypt this month. Does anyone, honestly, believe that the Prime Minister’s attendance is going to make one iota of difference [...]
Sideways movement in crypto markets continues as investors sweat over today’s interest rate announcement November 2, 2022 Most cryptocurrencies continue to trade sideways this morning, as Bitcoin remains unchanged around $20,415 and Ethereum at $1,550.
