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Sky News
Energy and council tax bills could rise by hundreds of pounds from next year
Council tax may need to rise by up to 5% a year for the next three years – the latest in a long list of warnings that the cost of living is expected to increase substantially.The forecast comes from the Institute for Fiscal Studies (IFS), which said that, under government spending plans, a rise of …
Business
Business Weekly
Here come the sun kings: ‘First’ joint Oxbridge spinout company sees the light
Helio Display Materials, a venture that has claims to be the first joint spin-out from the universities of Cambridge and Oxford, is commercialising technology that promises to take light-emitting applications to fresh frontiers. Its new family of materials is already pushing the photovoltaics industry towards power conversion efficiencies that were previously thought unachievable at industrial …
Business
Euro News
Uber’s ‘racist’ facial recognition software is firing Black and Asian drivers, former driver claims
Business
Sky News
Interserve break-up nears end with £140m RMDK sale to Altrad
The break-up of what was once one of Britain’s biggest outsourcers will near its conclusion this week when the former jewel in Interserve’s crown is sold to a French industrial group.Sky News has learnt that Altrad Group has agreed to buy RMD Kwikform, Interserve’s global equipment services arm, in a deal that is expected to …
Business
Sky News
PM’s ‘economically illiterate’ approach under fire as speech echoes F-bomb to business
It was in 2018, during the apparently endless post-Brexit vote debate, that Boris Johnson first said, “F*** business”.As political credos go it hardly fits former New York governor Mario Cuomo’s exhortation to “campaign in poetry”, but after this speech to the Conservative Party conference we can be sure Prime Minister Johnson will govern in the …
Business
Sky News
Sky to replace satellite dishes and boxes with smart TV sets
Sky is launching a new smart television called Sky Glass which aims to declutter homes by binning set-top boxes and satellite dishes while giving customers access to their favourite films and shows.The streaming TV integrates all of the hardware and software otherwise spread out across living rooms, including sound-bars, into a device with just a …
Business
Business Weekly
Kao Data growth plan boosted by £130m investment
Infratil, a listed global infrastructure business, has agreed to invest up to £130 million in Kao Data, the UK developer and operator of advanced data centres. Kao Data, through its facility in Harlow, is a sponsor of the Business Weekly Awards. Infratil is a New Zealand company with major operations in the US and Australia: …
Business
Sky News
Markets fret as consumers and investors lose faith in central banks keeping a lid on inflation
The price of natural gas is soaring – and both equity and bond markets are again fretting about surging inflation.The cost of wholesale gas for next-day delivery in the UK today hit an all-time high of £3.55 per therm (one therm is equal to 100 cubic feet of natural gas), a rise of 27%, meaning …
Business
Business Weekly
techspert.io closes $12m funding round
techspert.io, a Cambridge-based AI technology innovator connecting businesses with experts for domain-specific industry insights, has closed a $12 million funding round led by investment behemoth BGF and existing backer Nauta Capital, a pan-European VC firm. The volume of online data, information and misinformation is growing exponentially, as is the speed with which markets and products …
Business
Evening Standard
Tesco half-year results: Christmas back on as supermarket defies supply chain crisis
Is Tesco immune to the supply chain crisis?If not immune, well vaccinated. In the six months to August, sales rose 3% to £27.3 billion while profits soared by more than 100% to £1.1 billionChris Daly, CEO of the Chartered Institute of Marketing, says: “This morning’s positive results show that Tesco is one of the minority …
Business
Sky News
PM’s GREAT campaign chief quits amid frustration at Whitehall
The boss of the government’s flagship campaign to promote British trade around the world has resigned amid frustration over Whitehall bureaucracy.Sky News has learnt that Dan Ramsay, who joined the GREAT campaign just under two years ago, is quitting to return to the private sector in an undisclosed role. His resignation comes just days before …
Business
Business Live
NatWest acquires pocket money app RoosterMoney
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