Exclusive: TfL chief on Crossrail, progress on a funding deal, and why levelling up needs London February 8, 2022 SOME fifteen years after the project was given government approval, TfL staff beam with pride as they escort journalists onto the gleaming Elizabeth Line platform at Paddington’s new Crossrail hub. “The Shard will fit in here quite comfortably. It’s the size of three Wembley stadiums,” explains Crossrail’s chief executive Mark Wild.Built jointly by construction giants [...]
Rees-Mogg made minister for ‘Brexit opportunities’ in mini-reshuffle February 8, 2022 Jacob Rees-Mogg is now minister for “Brexit opportunities” in the Cabinet Office after he was moved from his post as House of Commons leader in a mini-reshuffle today. He will still attend cabinet in the newly created role, which will also include a remit to oversee “government efficiency”. Mark Spencer, former chief whip, replaces Rees-Mogg [...]
Share boost for Joules as boss warns of ‘severe’ cost increases February 8, 2022 Lifestyle retailer Joules saw its shares soar on Tuesday, although it warned of “the severe inflationary cost environment.” In interim results ended 28 November 2021, the Leicestershire-based company posted a pre-tax profit of £2.6bm. This was double the £1.3m profit in the comparable period last year. Revenue soared 35 per cent to £127.9m, up from [...]
PM won’t apologise for Jimmy Savile slur against Keir Starmer February 8, 2022 Boris Johnson will not apologise to Labour leader Sir Keir Starmer after the Labour leader was mobbed by angry protesters shouting out “Jimmy Savile” and holding nooses. It came after Johnson claimed last week that Starmer spent his time as the director of public prosecutions “not prosecuting Jimmy Savile”, despite the fact that the Labour [...]
Ofgem boss accepts oversight failings of energy sector but defends consumer price cap February 8, 2022 Ofgem's chief executive has recognised regulation of the energy industry has to be "tougher" after market chaos this winter.
GoCardless closes $312m funding round to become UK’s latest fintech ‘unicorn’ February 8, 2022 London-based payments firm GoCardless has closed a $312m funding round to make it the UK’s latest fintech ‘unicorn’ with a valuation of $2.1bn.
WeWork partners with startup Upflex in flexible global workspace roll out February 8, 2022 Workspace provider WeWork is entering an exclusive partnership with coworking startup Upflex. The flexible space firm said on Tuesday that the deal will result in a combined network of more than 5,500 locations, with WeWork selling Upflex space to its members. WeWork announced it would also participate in Upflex’s Series A funding, alongside other investors. [...]
CarFinance 247 reports 11 per cent increase in prices following used-car market boom February 8, 2022 UK motor finance platform CarFinance 247 has registered an 11 per cent increase in the average price of vehicles sold going up from £9,364 in October 2020 to £10,434 a year later. As a result of supply chain issues and strikingly high levels of demand, prices have gone up almost 30 per cent on 2019 [...]
Lockheed Martin snags $194m NASA contract to retrieve Mars rock samples February 8, 2022 Lockheed Martin has snagged a $194m NASA contract to build its Mars rocket, which will return rock samples to Earth sometime in the 2030s. The aerospace and deface manufacturer has already cemented itself within the space sector, both state and commercially funded, as it begins work on a separate commercial space station project, known as [...]
EU mulls metaverse regulation as businesses jump into virtual reality February 8, 2022 As key players in fashion, tech and finance develop virtual reality metaverses EU authorities are considering new rules to protect consumers.
