London-listed HydrogenOne injects £20m into fuel cell firm May 9, 2022 Energy investment vehicle HydrogenOne has pumped £20m into a fuel cell firm today as it looks to spur the development of emission-free electricity.
Snapchat’s UK boss Ed Couchman: Snap looks to snap back May 9, 2022 Five years ago, Snapchat’s parent firm Snap floated on the New York Stock Exchange in what was hailed as a milestone for the once-disruptor in the social media landscape. The plucky underdog – at least compared to other messaging and social media apps – listed at $24 a share in an IPO twelve times oversubscribed. [...]
Wildcat Petroleum obtains permit to drill off coast of Sierra Leone May 9, 2022 Petroleum company Wildcat Petroleum has obtained the permit to conduct reconnaissance operations off the coast of Sierra Leone. Under the agreement, Wildcat will be able to drill 20 offshore petroleum blocks to identify those which yield “commercially viable oil finds.” The non-exclusive permit doesn’t give the British company pre-emptive rights, forcing it to enter negotiations [...]
Boris Johnson plans to cut EU red tape in boost to post-Brexit economy May 9, 2022 Prime Minister Boris Johnson plans to throw out large swathes of EU law from the statute book to remove regulations for small businesses.
‘Great uncertainty’ over nuclear plants’ delivery following opposition to Chinese investor May 9, 2022 The delivery of Essex-based nuclear plant Bradwell faces “great uncertainty” after political opposition has mounted against the involvement of a Chinese investor. EDF told shareholders that, without Chinese backing, it is no longer obliged to continue funding the project. The French energy giant also said, if China were exit the deal, EDF would also need [...]
It’s wait and see for investors ahead of BT results this week May 9, 2022 Analysts in the City will be waiting nervously to see whether the cost-of-living crisis has seen an exodus in subscribers from telecoms giant BT when the company reveals its results on Thursday. US streaming rival Netflix said recently its own subscriber base had suffered as households cut back and investors in BT are hoping similar [...]
Litigation funders seek to bankroll intellectual property disputes against big tech firms, new research shows May 9, 2022 Eight of the UK’s ten biggest litigation funders are now seeking to bankroll intellectual property (IP) disputes, according to new research from IP specialists Mathys & Squire. Litigation funders, whose business sees them finance lawsuits with a view to taking a cut of any winnings, are increasingly looking at IP disputes as a means of [...]
Exclusive: Six-in-ten UK small businesses forced to borrow to pay insurance premiums, new figures show May 9, 2022 Almost six out of ten (59 per cent) UK small and medium enterprises (SMEs) are relying on credit to pay their insurance costs, due to rising premiums and lower incomes linked to the impacts of Covid-19. On average, UK SMEs have borrowed £1,105 to pay for insurance costs, while nearly one in ten have borrowed [...]
London’s rebound gets a boost but rest of UK should garner attention May 9, 2022 Crossrail opening and the Bank branch of the Northern line coming back into action within the space of a fortnight? Ambassador, you are spoiling us. Both are great news for the capital’s rebound from the pandemic, and in the case of the Northern line it’s particularly so for the Square Mile. It would perhaps be [...]
We must design tech legislation fit for free markets and open trade rules May 9, 2022 Late last month we saw a grand statement of principles by a global coalition of economic powers. The United States, the 27 member states of the EU, the United Kingdom and 32 other countries around the world signed the Declaration for the Future of the Internet, a rather ornately presented summary of the philosophical approach [...]
