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Surf operator The Wave to start work on solar initiative for summer 2023
Surf park operator The Wave has announced plans to create a solar and energy storage array at its facility near Bristol. The Wave, which was established by social entrepreneur Nick Hounsfield in 2019, has said it is aiming for sunshine-powered waves to be rolled out from June 2023. Planning, funding and contracts are now all …
Business
Evening Standard
WANdisco CEO and CFO quit as fraud investigation finds $115 million black hole in finances
The bosses of beleaguered tech firm WANdisco are to quit the business after an internal investigation into suspected fraud found over $115 million in missing bookings.Co-founder and CEO David Richards and CFO Erik Miller are to step down from the board with immediate effect, WANdisco said today, as the firm scrambled to find interim execs …
Business
Evening Standard
Passport Office staff in Scotland ‘relying on food banks’ as strike starts
Passport Office staff in Scotland are “relying on food banks”, a union representative has said as workers begin a five-week strike in a row over jobs, pay, pensions and conditions.More than 1,000 members of the Public and Commercial Services Union (PCS) at eight sites are walking out in an escalation of the long-running row.Workers are …
Business
Sky News
Cineworld ends plan to sell its UK, US and Ireland businesses
Troubled cinema chain Cineworld is terminating plans for the sale of its UK, US and Ireland businesses.The news was announced by the world’s second-largest cinema chain on Monday, as it also revealed plans to raise $2.26bn (£1.8bn) in new funding in an effort to get out of bankruptcy protection. Cineworld, with around 750 sites worldwide, …
Business
Sky News
Tesla vehicle sales up in first quarter after price cuts
Tesla saw its sales rise by 36% in the first financial quarter, after two price cuts aimed at boosting demand.The electric car, SUV and heavy truck manufacturer said it delivered 422,875 vehicles worldwide between January and March – up from just over 310,000 a year ago. Over the same period it produced 440,808 vehicles – …
Business
Sky News
Oil prices surge after Saudis and others announce production cuts
Oil prices are up more than 5% after Saudi Arabia and other major producers vowed to cut production.Brent crude, the international oil benchmark, was up 5.5% by 9am on Monday to $84.28 per barrel after it was announced that production would be cut by 1.15 million barrels per day from May until the end of …
Business
Business Live
Develop North PLC delivers 40% loan book boost in challenging economy
Directors at North East listed property investment fund Develop North Plc have boosted its loan book, despite challenging conditions. The company – a fund launched seven years ago to build up a development cash pot – announced results for the year ended November 30 2022, in which loan facilities reached £25.5m, an increase of more …
Business
Evening Standard
New review aims to close employment gap for people with autism
Charities have welcomed the launch of a review aimed at sparking a rethink into access to work for people with autism.Employment rates for this group are particularly low with fewer than three in 10 in work, the Government said.The Buckland Review of Autism Employment will consider issues including how employers identify and better support autistic …
Business
Business Live
Marlish Waters switches Northumberland farm factory to all renewable power
Soft drinks firm Marlish Waters has promised its range of drinks flavoured with natural fruit extracts will be made with 100% solar, wind and biomass energy. The family run brand’s Hartburn factory is where its waters, sugar free tonics and mixers are produced and canned. The facility has has undergone investment in technologies to build …
Business
Sky News
Branson-backed Virgin Voyages sets sail on quest for new funding
Sir Richard Branson’s cruise-line venture is seeking hundreds of millions of dollars in fresh funding even as the Virgin Group founder faces financial turbulence in other parts of his business empire.Sky News has learnt that Virgin Voyages is in the early stages of plans to raise a substantial sum of money from new and existing …
Business
Evening Standard
Docklands Light Railway workers launch strike over pay
Cleaners, security staff and other workers on the Docklands Light Railway have launched a 48-hour strike in a dispute over pay.Members of the Rail, Maritime and Transport union (RMT) employed by ISS on the London railway have rejected an offer the union said was worth 1.8%.The RMT claimed ISS staff on the DLR are underpaid …
Business
Evening Standard
Government to encourage businesses to save energy as it slashes bill support
The Government has launched a bid to help businesses use less energy on the same day as it pulls away most of its energy bill support for companies.Small and medium-sized companies will be told that they can save money on their bills by putting light and heating on timers, turning down flow temperatures on boilers …

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