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Sky News
Wreckage of an auction engulfs government in offshore wind storm
The complete failure of the latest offshore wind capacity auction confirms the worst fears – and repeated warnings – of industry and campaigners, and leaves the UK’s key renewable energy target hanging by a thread.For months, ministers and officials were told the price they had set for the auction was too low to reflect the …
Business
Sky News
Elon Musk sparks fury as billionaire admits scuppering Ukrainian attack on Russia
Elon Musk has sparked a backlash as he admitted his Starlink satellite communications network was not activated near the Crimean coast – effectively thwarting a sneak attack by Ukrainian forces on Russian ships.Ukrainian officials have reacted furiously to claims in a new biography of the tech billionaire which reportedly says the secret order meant Ukrainian …
Business
Euro News
China curbs cost Apple $200 billion almost overnight
Business
Sky News
Ministers’ offshore wind farm ‘mistake’ cost householders £1bn, says energy boss
An opportunity to wipe £1bn off people’s future household bills was missed by the government in failing to secure new offshore wind farms, an energy boss has told Sky News.Keith Anderson, the chief executive of ScottishPower, which is one of the key builders of wind power in the UK, said it was “a mistake” and …
Business
Sky News
Pensions triple lock adds £11bn a year to public spending – report
The triple lock for state pensions has led to an extra £11bn being spent on the benefit per year, new research has shown. A report by the Institute for Fiscal Studies (IFS) said state financial support to pensioners was greater as a result of the policy, and payments would be 11% lower if it had …
Business
Sky News
CBI in talks about tie-up with manufacturers’ body Make UK
The CBI, the embattled employers’ lobbying group, is in talks with Make UK, the manufacturers’ body, about areas of potential collaboration in what some observers believe may be the prelude to a full-blown merger.Sky News has learnt that two of Britain’s most influential business organisations have been holding preliminary talks about forging a closer alliance …
Business
Euro News
Poland slashes interest rates, causing zloty to slide against dollar
Business
Euro News
Long opposed to rate increases, Erdoğan now backs plan that includes raising rates, minister says
Business
Euro News
Online gig work is growing rapidly, but workers lack job protections: report
Business
Sky News
KSL picks bankers to help it check out of Village Hotels
The owner of Village Hotels has picked bankers to spearhead an auction of one of Britain’s biggest mid-market hotel chains.Sky News understands that KSL Capital Partners is working with Morgan Stanley on an auction. Initial discussions with prospective buyers are said to have got under way in recent weeks.The process comes as the owners of …
Business
Evening Standard
Actions, not words, are needed for the UK to tackle climate change
As we welcome the “back to work” days of autumn, we now bask in unseasonal 30-degree heat.Throughout summer, we have seen or experienced the effects of climate change. Europe has experienced threat-to-life floods in Italy and extreme heat in Greece within the same week. We all talk about how “crazy” the weather seems to be.The …
Business
Business Live
Somerset glitter producer sees sales soar following UK festival season
A Somerset glitter producer has seen its sales rise by 16%. EcoStardust is based in Langport and sells biodegradable glitter made from plants. Founder Kath Senior said sales have “shot up” as customers began partying again at home and festivals after Covid-19, and said the brand is now in profit. Speaking to Brightpearl’s Lightning 50 …

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