London comes out on top for foreign finance investment April 26, 2022 London’s finance firms attracted more foreign cash than any global city last year in a boon to the Square Mile’s standing as a financial hub beyond Brexit.
Number 10 says Elon Musk must ‘protect users’ after Twitter buyout April 26, 2022 Downing Street has said that Twitter must continue to “protect consumers” after Elon Musk’s impending buyout of the social media giant. Boris Johnon’s spokesman today told journalists that “it is too early to say what if any changes will be made to how Twitter operates”, but that “all social media platforms must be responsible”. Twitter’s [...]
35 top business leaders write to PM backing new permanent ‘Thank Holiday’ for Queen’s jubilee: ‘The benefits would outweigh the costs’ April 26, 2022 Nearly 35 top business leaders have written to the Prime Minister in a show of support for a new annual ‘Thank holiday’ honouring Her Majesty the Queen’s 70 years of public service. Dragon’s Den star Deborah Meaden was joined by the head of the Confederation of British Industry and Hospitality UK in backing the initiative, [...]
Global supply of electric car batteries could be shifting East to West, say analysts April 26, 2022 The world’s supply of advanced batteries, critical for electric cars, could be shifting West, say analysts, as production grinds to a halt in Asia. China’s most recent Covid-19 lockdowns have ‘chipped away’ at the country’s dominance in the battery market, analysts at independent energy researcher Rystad Energy, Susan Zou and Abhishek Murali, explained. Businesses have [...]
New local bodies could oversee UK energy system as Ofgem continues sector shake-up April 26, 2022 Ofgem has announced a review into the energy system - assessing how it is planned and operated locally - which could result in local power grids.
Virgin Media O2 launches all-in-one streaming service despite Netflix subscriber woes April 26, 2022 Virgin Media O2 gives streaming services a vote of confidence with the launch of its new entertainment service, Stream, despite concerns that streamers are losing their sparkle. The service will offer customers a new way to bring together their favourite TV channels, video apps and streaming subscriptions all in one place, with a small plug and play [...]
Starling bags £130.5m ‘war chest’ as it looks to snap up lenders April 26, 2022 Fintech lender Starling said it is on an acquisition warpath today as it bagged £130.5m fresh funding to snap up new firms.
Historic inflation crunch swells UK interest bill to highest on record April 26, 2022 Historic high inflation has swelled the amount of money the UK government spends on servicing its debt to its largest level on record, reveals official figures released today. Britain’s debt interest bill for the year to March climbed 77 per cent over the last year to nearly £70bn in a further sign that Chancellor Rishi [...]
Maersk raises guidance after record profits but warns boom will die down later April 26, 2022 Maersk announced today it was raising its guidance for the year after it posted record profits for the first quarter. In the last three months, the group’s revenues went ahead of expectations to $19.3bn, while Maersk’s EBITDA amounted to $7.9bn. As a result of a 71 per cent increase in freight rates, the logistics giant [...]
Heineken meets Coronation Street: ITV vows to normalise alcohol-free beer with new ad deal April 26, 2022 ITV and HEINEKEN have announced a ‘first of its kind’ partnership that will see a real-world beer go on tap at two of TV’s most famous pubs.
