World’s largest wind farm launched off Yorkshire coast August 31, 2022 Ørsted has launched the world’s biggest fully-operation wind farm, 89km off the Yorkshire coast. The launch of the 1.3 GW Hornsea 2 project has seen Ørsted break its previous record, which the Danish firm previously set by launching its 1.2 GW Hornsea 1 windfarm in 2019. Ørsted’s UK chief Duncan Clark said the Hornsea 2 [...]
London’s FTSE 100 edges lower as economic gloom knocks risk appetite August 31, 2022 London’s FTSE 100 posted a damp day today driven by economic gloom hitting investors’ risk appetite. The capital’s premier index dropped 1.05 per cent to 7,284.15 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.45 per cent to 19,063.75 points. A recent string [...]
Missing Thodex founder Faruk Fatih Ozer arrested in Albania August 31, 2022 The founder of a Turkish cryptocurrency exchange missing with client funds since April 2021 has been arrested in Albania.
Central London office demand roars back to life as West End occupancy booms August 31, 2022 Central London office take-up has rebounded back to pre-pandemic levels this year and has even surpassed the ten-year average. Occupancy in the heart of the capital bounced back to pre-Covid levels during the 12 months to the end of 2022’s second quarter, according to data from real estate advisor CBRE. Take-up for offices hit 12.7m [...]
Google blocks Trump’s Truth Social from app store amid content concerns August 31, 2022 Donald Trump’s new social media app has been blocked by Google Play in another blow to the former President’s quest for “free speech”.
Train drivers to strike on 15 September August 31, 2022 Train drivers at 12 companies will walk out on 15 September in a dispute over pay. Disruption will affect services on Avanti West Coast, Chiltern Railways, CrossCountry, Greater Anglia, Great Western Railway, Hull Trains, LNER, London Overground, Northern Trains, Southeastern, TransPennine Express, and West Midlands Trains. The union said the operators had forced the workers’ [...]
TikTok-owner ByteDance to lower price of employee stock options amid slipping growth August 31, 2022 TikTok-owner ByteDance is reportedly looking to lower the price of its stock options for employees amid declining growth. The Chinese technology giant is expected to lower prices to $155 a share from $195, Bloomberg first reported, citing a human resources executive. ByteDance’s revenue growth slipped to 70 per cent year-on-year last year, down from [...]
Recession will hike oil surplus this year, warns OPEC+ report August 31, 2022 There will be a bigger surplus in the oil market this year as rising energy costs, tighter monetary policy and recession fears weigh down demand.
Franca Manca owner says trade is ‘resilient’ despite travel disruption and consumer slump August 31, 2022 Franca Manca owner Fulham Shore has said that despite the turmoil in the UK economy and travel disruption, trading remains "resilient".
Sell on you crazy diamond: Bidders flock for Pink Floyd’s music catalogue August 31, 2022 Yet another suitor has joined the race to snap up Pink Floyd's music rights catalogue in an estimated £400m bid.
