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Meta working on new social network which could rival Twitter
Meta has revealed it is working on a new social network solely designed for sharing text updates.The app would appear to be a direct competitor to Twitter, with a company spokesperson confirming it will be a “decentralised” platform similar to other alternatives that grew in popularity after Elon Musk‘s takeover. “We’re exploring a standalone decentralised …
Business
Evening Standard
UK economy rebounds to grow by 0.3% in January
The UKeconomy grew by 0.3 per cent in January, rebounding from a drop in December, but fears about stagnation remain, economists say.The latest data from the Office for National Statistics beat expectations of growth of 0.1 per cent and was an improvement on December’s 0.5 per cent drop.Over the three months to January, GDP was …
Business
Business Live
Chief executive of graphene firm Versarien resigns
The chief executive of Versarien has resigned, weeks after he warned the graphene manufacturer needed “continuing support” from investors through tough economic conditions. The Gloucestershire-based advanced engineering materials, which has secured partnerships with fashion label Superdry and kit suppliers of the England rugby team Umbro, announced Neill Ricketts’ departure on Friday. A brief statement published …
Business
Business Live
Creo Medical raises over £33m following final funding round
One of Wales’ leading medical devices company, Creo Medical, has raised over £33m following two share offerings which will fund its continued global expansion. The Chepstow-based Alternative Investment Market listed firm announced last month that it was looking to raise a minimum of £25m via a conditional placing and subscription of new ordinary shares and …
Business
Sky News
Fraud case against three ex-G4S executives collapses after 10 year investigation
Charges have been dropped against three former executives of G4S’s electronic tagging arm who were accused of defrauding the Ministry of Justice (MoJ) following a 10-year investigation.G4S Care and Justice Services had provided electronic monitoring services to the government from 2005 to 2013. The subsidiary of security giant G4S was accused of misleading the MoJ …
Business
Evening Standard
Fraud case against three ex-G4S executives collapses
Charges have been dropped against three former executives of G4S’s electronic tagging arm who were accused of defrauding the Ministry of Justice following a 10-year investigation.G4S Care and Justice Services had provided electronic monitoring services to the government from 2005 to 2013.The subsidiary of security giant G4S was accused of misleading the MoJ over the …
Business
Business Live
Sunderland esports campus expands thanks to increased investment from national body
Plans to extend the National Esports Performance Campus in Sunderland have been revealed thanks to further backing from the industry’s national body. The campus, which aims to capitalise on the fast growing industry by training future talent, will now feature an entertainment venue and accommodation to host the UK’s best esports and creative talent. It …
Business
Business Live
Headhunters appointed to find new chief executive of the Welsh Rugby Union
International headhunters Odgers Berndston have been appointed to find a new chief executive for the Welsh Rugby Union (WRU). Nigel Walker took on the role as CEO in an interim capacity following the resignation of Steve Phillips in January after allegations of a toxic culture at the union. Odgers are currently compiling a shortlist of …
Business
Evening Standard
Robert Walters founder steps down as recruiter reports highest ever profit
Global recruiter Robert Walters has announced the retirement of its founder and namesake, as the company revealed fierce competition in the labour market has helped it achieve its highest ever profit.Robert Walters will step down as chief executive, having set up the business in 1985 and been at the helm for 38 years.He will be …
Business
Evening Standard
FirstGroup upgrades profit targets as bus and train travel rebounds
Transport operator FirstGroup said profits for the year are set to surpass previous targets after a pick up in bus and train demand.The firm, which runs TransPennine Express, saw shares edge higher after it said adjusted operating profits for the 2023 financial year will be above previous guidance.It said this comes after increased passenger volumes …
Business
Evening Standard
Berkeley Group to take ‘cautious’ approach as sales drop
Housebuilder Berkeley Group has said it is taking a “cautious” approach to releasing new phases of developments to the market amid continued “volatility” in the UK property sector.The company nevertheless kept its outlook for the financial year unchanged.It told shareholders on Friday sales since the end of September have been around 25% lower than the …
Business
Sky News
Jitters over health of US banks spark global stock market sell-off
Stock markets have gone into sharp retreat globally, including in the UK, over concerns for the health of US banks in the tougher economy.Wall Street banking stocks bled $80bn of value on Thursday afternoon after trouble at two Californian banks. First, a major crypto-focused lender called Silvergate announced it was winding down after big losses …

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