Johnson commits funding to Sizewell C nuclear plant to ‘get on’ with project September 1, 2022 Press Association Boris Johnson promised £700 million of funding for the Sizewell C nuclear power project as part of a drive to improve the UK’s energy security. The Prime Minister said the spike in gas prices driven by Vladimir Putin’s invasion of Ukraine showed why new nuclear generation capacity was needed in the UK. The [...]
BT and Warner complete sports streaming mega-deal September 1, 2022 Warner Bros Discovery and BT completed its ambitious 50:50 tie-up this morning, marking a major moment for live sports coverage in the UK. The deal brings together BT Sport and Eurosport UK under roof, which the companies say will eventually merge to make one single brand. BT Sport and Eurosport UK said they will retain [...]
Rio Tinto strikes £2.86bn deal to snap up remaining Turquoise Hill stake September 1, 2022 Rio Tinto has struck a $3.3bn deal to buy the rest of Canadian firm Turquoise Hill today in a move that will see it take direct ownership of a major copper mine in Mongolia.
Confidence in ride-sharing apps down as more consumers complain September 1, 2022 Consumer confidence in ride-sharing apps is down, according to data released today. Figures from analytics company Chattermill showed that trust in the likes of Bolt, Uber as well as Singapore’s Grab and Spain’s Cabify went down 25 points in the last year. Drivers cancelling rides as well as prolonged waiting times and increased prices featured [...]
Twitter begins testing edit button for premium users September 1, 2022 Twitter are now testing the edit button for tweets, allowing users to edit out typos and mistakes for the first time. It is understood that this new pilot scheme will only apply to Twitter Blue subscribers. The company confirmed the news on its official account this afternoon writing: “if you see an edited Tweet it’s [...]
Top Cineworld shareholder dumps stake as firm faces bankruptcy September 1, 2022 A major shareholder in Cineworld has shed almost the entirety of his stake in the past two days as the beleaguered cinema chain teeters on the edge of bankruptcy.
Pound on crash course to record low against US dollar September 1, 2022 The pound is on course to plunge to a record low against the US dollar driven by the UK tumbling into a tough recession, City economists warned today. Sterling will drop to $1.05 by the middle of next year, but could fall close to parity with the greenback, according to consultancy Capital Economics. The downbeat [...]
Buying property through NFTs is ‘the future’, says founder of London agency September 1, 2022 After spotting a gap in the market, West London City Lets has unveiled new sub-agency Tokenized Properties – which allows landowners to buy and sell using Non-Fungible Tokens (NFTs). The new agency is the UK’s first property firm to facilitate the sale of physical land through an NFT, having just listed the first deal of [...]
Battersea Power Station to open next month with new shopping and office destinations September 1, 2022 The office and retail development at Battersea Power Station will open to the public next month, almost 40 years since the iconic building closed. The South-London development will open on 14 October, project owners revealed on Thursday. Around 100 shops, restaurants and bars have bagged space at the development, while big names Apple and IWG [...]
Exclusive: Green groups call for red-tape cuts to ramp up onshore wind September 1, 2022 Environmental groups and green think tanks have urged the Government to cut red-tape blocking onshore wind projects.
