Global trade at risk: Lloyd’s forecasts over $14 trillion economic fallout from conflicts insurance Lloyd's of London warns that a potential geopolitical conflict could devastate the global economy, triggering $14.5 tn in losses over the next five years and upending global trade
Ofwat orders water firms to pay £157.6m for missing performance targets Water Water companies will have to pay a £157.6m penalty after missing key targets on reducing pollution, leaks and supply interruptions while customer satisfaction continues to fall, Ofwat has said. Not one company achieved the regulator’s top category of “leading” while Anglian Water, Welsh Water and Southern Water fell into the lowest category of “lagging” while [...]
Abba star Bjorn invested in my start-up – now I give artists the royalties they deserve Founder profile The music tech start-up that managed to secure backing from some of the biggest names in the music industry
Labour conference: Reeves and Reynolds to unveil industrial strategy following ‘Budget for investment’ September 23, 2024 Rachel Reeves has announced the government will unveil its long-promised industrial strategy next month, as she vowed to deliver a “Budget for investment”. The Chancellor took an upbeat tone as she stressed that her “optimism for Britain burns brighter than ever”. Ahead of the October 30 Budget, she argued: “Growth is the challenge, and investment [...]
Live Company Group: K-Pop event giant winding up after years of strife September 9, 2024 Live Company Group, the London-listed operator of K-Pop Lux and Bricklive, has filed a winding-up petition after its last-ditch efforts to secure new investment failed. The Surrey-based company, which specialises in both K-Pop events and children’s entertainment, revealed that despite “extensive discussions” to agree a payment plan with a key creditor, negotiations had not led [...]
Water regulator welcomes plan to boost customer compensation August 12, 2024 The water industry watchdog has said it “welcomes” the government’s plan to increase compensation for customers receiving poor services from water companies.
Government to double compensation for poor customer service from water companies August 12, 2024 Compensation for customers receiving poor services from water companies who are failing to meet standards could more than double under new Government proposals.
Foxtons: London estate agent hikes dividend as turnaround plan gathers steam July 30, 2024 London estate agent Foxtons has bucked a pallid property market to report healthy rise in revenue and profit, and raise its dividend, in yet another sign of the turnaround being navigated by its new chief executive.
How our family’s passion for eco-friendly cleaning turned into a multimillion-pound business July 30, 2024 Have you ever wondered what the counter cleaning spray that you find on your local supermarket shelf is made of?
Global tech outage: First real test for cyber insurance market July 24, 2024 The world suffered from a technical crash on Friday which left airlines grounded and affected business, but who will cough up for the interruption?