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Altnet Zzoomm accelerates hunt for merger partners
A full-fibre broadband builder is accelerating its search for merger partners amid growing financial strains on some of the industry’s smaller players.Sky News understands that Zzoomm, which is backed by the giant US-based investor Oaktree Capital Management, has drafted in Acuity Advisors, a specialist technology firm, to identify prospective deals. Zzoomm operates in nearly 30 …
Business
Sky News
Economy could have crashed if winter fuel payments for pensioners weren’t cut, minister claims
The economy could have crashed had the government not found savings by cutting winter fuel payments for pensioners, a minister has said.Lucy Powell told Sunday Morning With Trevor Phillips that the loss of the benefit, which will now be means tested, was necessary because of a “£22bn blackhole” left behind by the Conservatives. Politics Live: …
Business
Business Live
Burberry’s downfall is about more than just a challenging market – it’s also self-inflicted
Burberry is poised to be relegated from the FTSE 100 in the upcoming quarterly review, with rankings based on market capitalisations as of 2 September. The iconic British luxury fashion brand has witnessed a near 75 per cent plunge in its share price over the past 16 months, marking an unfortunate and somewhat expected downturn. …
Business
Business Live
Pavel Durov’s arrest raises questions about the accountability of social media giants
Pavel Durov, the founder of messaging app Telegram, may feel a sense of vulnerability akin to his series of shirtless pictures on Instagram recently, now that he’s under the intense gaze of international regulators. He’s been formally accused by French authorities of permitting illegal activities to proliferate on Telegram. For the time being, Durov has …
Business
Sky News
Concorde successor Reaction Engines scrambles to avert collapse
A British hypersonic aviation campaign which has been hailed as a successor to Concorde is this weekend racing to avert collapse.Sky News has learnt that Reaction Engines has lined up PricewaterhouseCoopers (PwC), the accountancy firm, to act as administrator if its quest to secure new funding is unsuccessful. The company is understood to be in …
Business
Evening Standard
Whitehall unlocks up to £5.5bn for new nuclear power station subsidy scheme
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Whitehall has unlocked up to £5.5 billion as part of a new nuclear power station subsidy scheme.The money is for “development expenditure” …
Business
Sky News
American conglomerate GE swoops for British start-up Satavia
GE, one of the world’s best-known conglomerates has swooped to buy a British climate technology start-up in its quest to reduce the aviation industry’s environmental impact.Sky News has learnt that GE Aerospace has struck a deal to buy Satavia, a Cambridge-based company which helps to mitigate the warming effect of aircraft contrail clouds. Founded in …
Business
Evening Standard
Four-day working week will not be imposed on employers, says Government
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.A minister has warned four-day weeks will not “apply to everybody”, including teachers, as she vowed her Government would “encourage workers to …
Business
Evening Standard
FTSE 100 falls after nearing record high earlier on Friday
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.The FTSE 100 neared its record value before dipping to finish the day in the red on Friday.London’s blue-chip index fell 3.01 …
Business
Evening Standard
Business groups say Labour should be cautious over four-day working week plan
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Business groups have called for caution over potential Labour plans to open up a “compressed hours” four-day work week to more of …
Business
Evening Standard
Completions to fall at Barratt amid flurry of updates from housebuilders
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Barratt Developments is expected to report a fall in home completions, but profits just ahead of previous expectations, amid a week of …
Business
Sky News
Outdoor smoking ban ‘sensible approach’ to help people stop habit, minister says
The government’s plan to ban smoking in pub gardens and other outdoor venues is a “sensible approach” to help people stop, a minister has said.Sir Keir Starmer confirmed leaked reports on Thursday his government is considering the smoking ban, which would also include outdoor restaurants and outside sports venues, hospitals, nightclubs, and in some small …

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