Airbus earnings plunge as space unit hit by £833m charge July 30, 2024 The French manufacturer said its embattled space unit had received "significant" charges of €989m, higher than previously forecast last month.
UK government greenlights second stage of controversial Drax carbon capture project January 16, 2024 The decision letter, published this afternoon penned by the energy security and net zero minister Claire Coutinho, said that the government is satisfied the site can achieve 95 per cent capture efficiency and approved the site's zero rating.
Selfridges chief quits in surprise move for struggling retailer July 30, 2024 The chief executive of Selfridges has unexpectedly quit, having been in the job since the start of the pandemic. Andrew Keith, who joined in 2020, will leave the company that owns the famous flagship London store to pursue new ventures in Autumn this year. He has been operational as CEO for three-and-a-half years, having been [...]
Former HS2 boss earned over £650,000 in final year July 29, 2024 Mark Thurston was the embattled project's longest serving chief executive before he announced his resignation in September.
Sun creams to save your skin in the City heatwave July 29, 2024 Finding the right sun cream for day-to-day City life can be a bit overwhelming, but protecting your skin is essential in the heatwave.
A sweet deal: Pricey central London pad once owned by Lord Sugar goes up for sale July 27, 2024 The lavish London pad once owned by star of The Apprentice star Lord Sugar is up for sale, but it will set you back quite a lot. The property – on the corner of Old Park Lane and Piccadilly – comes with a price tag of £26m, after having recently-been refurbished. It spans more than [...]
GFG tycoon Sanjeev Gupta vows to fight UK steelmaker’s bankruptcy and save hundreds of jobs February 23, 2023 Sanjeev Gupta’s GFG Alliance has vowed to “fight” a New York investment fund’s bid to plunge one of its major customers into bankruptcy after fully acquiring the firm earlier this month. GFG is seeking to block West Midlands steel products maker Aartee Bright Bar from collapsing into insolvency after the manufacturer’s main creditor, FGI, decided [...]
Football regulator WILL have more powers to investigate club owners but WON’T block takeovers linked to Saudi Arabia or Qatar, says sport minister Stuart Andrew February 23, 2023 The incoming independent football regulator will be given wider powers to investigate prospective owners – but will not block takeovers by Saudi Arabia or Qatar. A regulator will have more scope to look into the backgrounds of would-be buyers of English teams, similar to the checks in place in financial services. “We are looking at [...]
UK economy: Disposable income climbs despite recession March 28, 2024 Despite a rise in disposable income, household expenditure actually fell as people replenished their savings accounts and paid down debt.
Welcome to the new world of work October 20, 2022 In 1771 a Lancastrian named Richard Arkwright opened the world’s first water-powered cotton spinning mill in Derbyshire. And not just that. To run his new-fangled factory he invented the pattern for the modern working week that has survived until today. The working day at Cromford Mill began at 6am and the shift ended at 6pm. [...]