Vodafone and Three hit back at union concerns deal will kill competition October 17, 2023 Vodafone and Three have hit back at a warning from trade union Unite that their telco tie-up will stifle competition, threaten national security and raise customer bills by up to £300 a year.
The appeal of the City continues to defy the work from home shift – but we cannot be complacent November 13, 2023 Far from the doom and gloom predicted, the Square Mile continues to hold appeal for visitors and workers alike, Chris Hayward writes.
Sunak accepts six per cent public sector pay rises but warns it ‘will cost all of you as taxpayers’ July 13, 2023 Government has accepted recommendations for millions of public sector workers to receive pay rises of six per cent or more, Rishi Sunak has announced. The prime minister said today reports from independent pay bodies calling for public sector pay rises of between five and 6.5 per cent for millions of medics, teachers and civil servants [...]
John Lewis’ property punt already leaving more questions than answers September 4, 2023 The retailers' flagship property scheme appears set for a £57m paper loss
Virgin Orbit shares crash back to earth after failed Cornwall space launch January 10, 2023 Virgin Orbit shares have come plummeting back to earth after its much-anticipated UK space launch failed last night. Shares for the Richard Branson-headed company dropped by 23 per cent on NASDAQ pre-trading and were trading down around 16 per cent this afternoon. It comes after the Virgin Orbit rocket, the first launch from UK soil, [...]
Government approval paves way for new Thames Water ‘mega-reservoir’ in South Oxford September 4, 2024 The government has endorsed Thames Water’s plans to manage water supply for the next 50 years, paving the way for a controversial new £1.5bn ‘mega-reservoir’ in South Oxford. Steve Reed, the environment minister, has approved the embattled water firm’s proposal—called its Water Resource Management Plans—in which the firm maps out its strategy to secure the [...]
First Earth-imaging satellite launched by MoD on Elon Musk rocket August 17, 2024 The UK military has launched its first satellite which can capture daytime images and videos of the Earth’s surface. The satellite, named Tyche, will support military operations as well as environmental disaster monitoring, mapping information development and tracking the impact of climate change globally, the Ministry of Defence (MoD) said. The satellite was launched on [...]
Has the UK housing market turned a corner as the Bank of England cut interest rates? August 9, 2024 Quiet optimism is the mood of the day in the housing market, as house prices firmly ticked up in July. Both the Nationwide and Halifax house price indices posted accelerating house price growth. Nationwide reported a 0.3 per cent month on month increase and Halifax pointed to a stronger 0.8 per cent month on month [...]
Travis Perkins lowers profit forecast on housing market slowdown August 6, 2024 Travis Perkins said its restructuring measures and tightened controls have helped cut overheads by £19m compared to the previous year, with cost inflation absorbed.
Mind the cyber skills gap – or the UK will fall short of its tech potential January 26, 2024 The UK is being held back by a rapidly growing skills gap in two disciplines: AI and cybersecurity.