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Evening Standard
Rolls-Royce receives funding to develop nuclear reactor for Moon exploration
Rolls-Royce has received funding from the UK Space Agency to develop a nuclear reactor for a Moon base.The project will look into how nuclear power could be used to support a future base on the Moon for astronauts.Scientists and engineers at the British company are working on the Micro-Reactor programme to develop technology that will …
Business
Evening Standard
Scotland’s overseas food and drink exports reach record high of £8.1bn
Overseas exports of Scottish food and drink reached the highest figure on record in 2022, new statistics show.Scotland’s overseas exports were worth £8.1 billion in 2022, according to HMRC’s regional trade figures.Rural Affairs Secretary Mairi Gougeon welcomed the record-breaking figures, which show exports in food and drink increased by 30.6% on the previous year.Food exports …
Business
Sky News
Sheikh Jassim expected to make a second bid for Manchester United within 10 days
Sheikh Jassim bin Hamad al Thani will make a second bid for Manchester United within 10 days after his representatives visited the Premier League club.Sky News sports correspondent Rob Harris reported the delegation spent 10 hours at the club on Thursday and that, having had access to the books, they plan to pursue the purchase. …
Business
Sky News
Group of major US banks ride to $30bn rescue of troubled First Republic
A group of 11 major banks have clubbed together to provide $30bn (£24.7bn) of cash in an attempt to end a crisis of confidence surrounding another major US bank.First Republic, a regional lender, was among those to have seen its share price collapse this week amid sector-wide balance sheet scrutiny prompted by the collapse of …
Business
Evening Standard
Pay offer for NHS staff ‘not inflationary’, says Chancellor
The pay offer to NHS workers is not inflationary, Chancellor Jeremy Hunt has said.Mr Hunt said he was “confident” that the offer would not worsen inflation, after health unions on Thursday suspended further strikes by ambulance and other NHS staff and announced they would recommend acceptance of the new pay proposal.The Chancellor, fresh from delivering …
Business
Sky News
Colony on moon to be created after Rolls-Royce gets funding for nuclear reactor
Rolls-Royce has received funding to build a nuclear reactor for a base on the moon.It might sound like the setup of a James Bond film, but is in fact part of a very real-world project that aims to see humans living and working on the lunar surface. The UK Space Agency has given Rolls-Royce a …
Business
Sky News
Royal Mail referred to regulator over ‘systemic letter delivery failures’
Royal Mail has been referred to the industry regulator by a committee of MPs which has accused the company of failing in its duty to deliver letters six days a week and questioned whether its management is negligent.The Business, Energy and Industrial Strategy (BEIS) Committee declared that the company had “systematically failed to deliver” the …
Business
Sky News
European Central Bank hikes interest rates despite market turmoil
The European Central Bank (ECB) has maintained its fight against inflation and imposed a large set of interest rate hikes despite financial market turmoil.Bank balance sheets have suffered because of the effect of interest rate increases, which have contributed to recent crises at Silicon Valley Bank and Credit Suisse. But the central bank – responsible …
Business
Sky News
Budget analysis, Credit Suisse fallout, and SVB takeover
Ian King rounds up the budget with Shevaun Haviland from the British Chambers of Commerce, and Sandra Horsfield at Investec. He also speaks to Fahad Kamal at Kleinwort Hambros about the fallout following troubles at Credit Suisse; Ian Stuart from HSBC talks about their takeover of Silicon Valley Bank; Mark Kent from the Scotch Whisky …
Business
Business Live
Hull’s Paragon Arcade full to capacity with Victorian venue primed to meet culinary needs of city customers
A Victorian arcade in the centre of Hull is now back to capacity with the arrival of a host of new tenants and the reopening of a destination restaurant. Stretch Pizza is the latest addition to the food offer at Paragon Arcade, which has been further enhanced by the reopening of The Hispanist after a …
Business
Business Live
Startup motor compliance firm to create new jobs in Swansea
A startup compliance firm for the car dealerships and garages has expansion on its radar after reaching £1m in turnover. The Compliance Guys, which was established during lockdown in 2020, is opening a new office in Fforestfach, Swansea creating 20 jobs. Regulated by the Financial Conduct Authority (FCA), the firm helps motor traders and retailers …
Business
Evening Standard
No staff bonus at John Lewis as partnership plunges to hefty losses
The John Lewis Partnership plunged to a loss of £234 million for the year, and said it could not afford to pay staff their traditional bonus.Sharon White, the chairman, said it had been a “tough” time. “Inflation hit us like a hurricane” she told the Standard, “but customers are staying loyal to us.”She insists the …

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