Workspace: Lettings strong but occupancy declines with clients vacating October 15, 2024 Leading provider of flexible office spaces Workspace reported strong lettings in the latest quarter, but saw some of its bigger clients quit as occupancy declined. The firm said it completed 296 lettings in the second quarter of 2024, generating £7.4m in annual rental income. The London-based firm’s like-for-like occupancy rate however dipped by 0.7 per [...]
‘Super sewer’ boss hails opening of wastewater network October 14, 2024 London’s long awaited ‘super sewer’ opened today, marking a major milestone in efforts to protect the River Thames from sewage pollution. Designed to handle storm overflows, the Thames Tideway Tunnel opened its gates today, capturing 589,000 cubic metres of sewage within 24 hours during heavy rainfall in September. The 25km ‘super sewer’ has a total [...]
Thames boat capsizes: Six on board with one person still missing October 11, 2024 One person is missing and five others have been rescued after a small boat capsized on the River Thames near Sunbury Lock, Surrey, on Friday. Emergency services were called at 8.50 am, Surrey police confirmed. Five of the six people involved were safely rescued. Six were thought to be on the boat. Authorities have urged [...]
‘Musk is trying to compete in the Tour de France on a tricycle’: Tesla cyber cab launch falls flat October 11, 2024 Investors unconvinced on Elon Musk's newly released cyber cab
‘Pressure not letting up’ as NHS braces for winter A&E surge October 10, 2024 Pressure on A&E continues with 1.2m extra attendances so far this year
GSK shares rise after £1.7bn Zantac settlement October 10, 2024 GSK shares have spiked today after the pharmaceutical giant agreed to pay as much as $2.2bn (£1.68bn) to settle lawsuits alleging one of its heartburn drugs had caused cancer. The discontinued version of the drug, Zantac, had triggered 80,000 lawsuits from 10 different law firms in the US and has hung over the FTSE 100 [...]
KPMG and Natwest put the CBI back in business October 9, 2024 Companies renew their memberships to CBI offering hope for the firm's continuation
Astrazeneca boosts cardiovascular pipeline with licensing deal October 7, 2024 Astrazeneca has struck a licensing agreement worth up to $2bn (£1.5bn) with China’s CPSC Pharmaceutical Group to develop a new cardiovascular drug, the company announced on Monday. The Anglo-Swedish pharmaceutical giant will pay $100m (£76.5) upfront, with additional milestone payments of up to $1.9bn (£1.4bn), to licence a preclinical small molecule aimed at treating dyslipidemia. [...]
Congestion charge: Ocado leads push against ‘money making’ levy October 7, 2024 More than 40 UK businesses, including Ocado, the AA, and Openreach, have urged Sadiq Khan to scrap plans to extend the £15 daily congestion charge to electric vans. The businesses argue that this hugely unpopular congestion charge if continued, would severely impact those who have invested in greener fleets. Under Transport for London (TfL)’s current [...]
Employee Ownership Trusts surge as entrepreneurs seek tax-friendly exits October 7, 2024 The number of UK businesses transferring ownership to employees through Employee Ownership Trusts (EOTs) as business owners seek to preserve their company's ethos.
