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Atom Bank moves to four day week, giving all staff the same pay for reduced hours
North East fintech Atom bank has introduced a four-day working week for all 430 of its employees, with staff receiving the same pay for fewer hours. The UK’s first app based bank, which selected Durham’s Aykley Heads for its headquarters over a number of other cities, launched the new four-day working week on November 1, …
Business
Business Live
Bristol touchless technology company Ultraleap raises £60m
A Bristol company that has developed touchless technology used by brands including PepsiCo and Lego has raised £60m in a Series D funding round. Ultraleap will use the investment to scale and commercialise its tech for existing and next-generation computing platforms, it said. The company’s new investors include Chinese multinational technology conglomerate Tencent; British Patient …
Business
Business Live
ADVERTORIAL: Safran still recruiting apprentices despite Covid-hit aerospace industry
Safran is a heavyweight of the Gloucestershire engineering and manufacturing industries and continues to support apprenticeships for young people. Safran spokesperson Lisa de Claite Ross said: “Despite the Covid impact, Safran has continued to engage with young people wishing to start careers within Aerospace. “Apprentices, like all employees, have had a challenging year moving to …
Business
Business Live
Warning for South West as number of firms entering voluntary liquidation doubles in year
The number of companies opting to go into liquidation in the South West is rising as bosses see a gloomy future now Government Covid support is ending, a leading insolvency expert says. Figures published by the Insolvency Service reveal an increase of more than 60% in corporate insolvencies nationally compared to this time last year. …
Business
Business Live
Second largest shareholder in retail and software giant THG increases stake
The second largest shareholder in online beauty, wellness and software giant THG has further increased its stake. Sofina Capital now has a holding of more than 9% in the Greater Manchester-headquartered group, up from just over 8%. The private equity firm can trace its roots back more than 120 years and is headquartered in Brussels. …
Business
Business Weekly
LoQus23 exits stealth with £11.5m seed funding
Cambridge has hatched a life science innovator dedicated to fighting neurodegeneration with novel technology. LoQus23 Therapeutics is discovering small molecule therapies that target aberrant DNA mismatch repair (MMR) to treat Huntington’s and other triplet repeat diseases (TRDs). The company has closed a £7 million extended seed round from Novartis Venture Fund (NVF) and its founding …
Business
Evening Standard
Atom Bank ‘becomes largest UK company’ to introduce four-day work week without loss of salary
A digital bank has become the UK’s largest employer to move to a four-day working week with no change in employees’ salary.Atom Bank, a challenger bank founded in 2013, introduced the 34-hour working week option spread over four days this month.The majority of the bank’s 430 staff have opted for the four-day week, as opposed …
Business
Sky News
Take COVID test before you go to ‘crowded’ places this Christmas, government says
The government is advising people to take a COVID-19 test before they spend time in “crowded and enclosed spaces” this winter.The Cabinet Office had previously advised people to take two lateral flow tests a week, especially if they have school-age children or are meeting clinically vulnerable people. Now the public is being told to take rapid lateral …
Business
Sky News
Online electricals retailer AO warns of ‘poor availability’ of some products due to supply crisis
Online electricals retailer AO World has warned of poor availability of some products and slashed its sales outlook due to supply chain problems.Products such as gaming consoles and mobile phones – which are newer territory for AO than its traditional staples such as washing machines and fridge-freezers – were more likely to be affected. Shares …
Business
Evening Standard
Entrepreneurs: The chef at Emilia’s Crafted Pasta following his heart to make pasta a healthy business
For the casual chef, pasta is a thing we can do ourselves. No professional needed. If we go out for a meal, pasta is not what we order – we can get that at home.Andrew Macleod is trying to change that with Emilia’s Crafted Pasta, restaurants in St Katharine Docks, Aldgate and a third coming …
Business
Sky News
AstraZeneca boss suggests UK’s reliance on Oxford jab has helped control COVID admissions
The chief executive of AstraZeneca (AZ) has told Sky News that the company’s decision to begin seeking a modest profit from its COVID vaccine is unlikely to kick in until next year.Pascal Soriot said this was because it still had many doses of the jab to supply that it had promised to do so at …
Business
Euro News
Facebook is not the only company building a metaverse. Here are the other companies rivalling Meta

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