Korean firm boosts UK wind plans with £300m investment in Teesside factory February 14, 2022 Korean renewables constructor SeAH Wind will invest up to £300m in a new turbine factory in North East England.
Moderna in late stage talks for UK research facility in post-Brexit boost February 14, 2022 Famed vaccine maker Moderna is reportedly in late-stage investment talks for a research facility in either London, Oxford or Cambridge. The US biotech company is looking to collaborate with the NHS, the Financial Times first reported, in a move which would be a “key element” of the UK’s post-Brexit ambition to become a global life [...]
Studio Retail Group preparing to call in administrators in blow for largest shareholder Mike Ashley’s Fraser Group February 14, 2022 Online value retailer Studio Retail Group, whose largest shareholder is Mike Ashley’s Frasers Group, is posed to call in administrators. The Accrington-based firm said it had not been able to reach agreement with its UK lenders for additional funding it needed. Studio Retail had requested a short-term loan of £25m to fund surplus stockholding which [...]
Metropolitan Police Federation turns against London Mayor saying it has ‘no faith’ in him following Cressida Dick’s resignation February 14, 2022 The Metropolitan Police Federation, which represents more than 31,000 officers in London, has said it has “no faith” in London Mayor Sadiq Khan following the resignation of Dame Cressida Dick last week. Ken Marsh, chairman of the federation, said: “We have let the Mayor’s office know in no uncertain terms how our brave and diligent [...]
Tencent-backed energy researcher snags £33m in race for fusion power February 14, 2022 Fusion energy research company First Light Fusion has rounded off its Series C with £33.2m, after Chinese technology giant Tencent waded into the fundraiser. Braavos Capital joined Tencent as a new investor, as fusion energy pulls in capital-heavy firms with the lure of a limitless, and carbon free source of energy. Existing investors include IP [...]
Game developer Tripledot raises $116m to become UK’s latest ‘unicorn’ February 14, 2022 Gaming startup Tripledot Studios has secured a fresh $116m round of funding to make it the UK’s latest ‘unicorn’, with a valuation of $1.4bn.
Squire Patton Boggs ups pay for freshly trained lawyers to £95k a year February 14, 2022 Ohio headquartered law firm Squire Patton Boggs has given newly qualified lawyers in its London offices a £10,000 pay rise after upping their salaries to £95,000. A spokesperson for the firm told City A.M. that Squire Patton Boggs has also given NQ lawyers in its Manchester, Leeds, and Birmingham offices a £5,000 pay rise, which [...]
Hundreds of civil servant roles moved to Manchester as government pushes ‘levelling up’ mission February 14, 2022 The government announced this afternoon it will be opening a culture hub in Manchester, adding up to 400 jobs as part of its "levelling up" programme.
Telecom chiefs call on EU lawmakers to make Big Tech ‘share the burden’ of investment February 14, 2022 Chiefs at Deutsche Telekom, Orange, Telefónica and Vodafone have called on European lawmakers to push Big Tech to contribute to expanding internet infrastructure.
‘Culture change’ on London building fire safety needed as Mayor launches guidance for developers February 14, 2022 The Mayor of London has launched a public consultation on draft guidance for fire safety standards for new developments. Sadiq Khan has echoed campaigners’ criticisms of existing national building regulations, dubbing them as unfit for purpose. He said the pace of reforms has not been quick enough. The draft Fire Safety London Plan guidance sets [...]
