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Britishvolt secures new life as Australian start-up is selected preferred bidder
Administrators have selected a rival battery start-up based in Australia as preferred bidder for collapsed Britishvolt.EY confirmed on Monday morning that its team had chosen Recharge Industries – owned by US investment firm Scale Facilitation Partners – to acquire the “majority of the business and assets” of Britishvolt following its demise last month. The UK …
Business
Evening Standard
BP to be shot into spotlight with expected bumper profits set to be revealed
The size of the pile of cash that BP made last year will be made bare on Tuesday, opening the company up to the same criticism that hit its rival Shell this week.Boss Bernard Looney is expected to reveal what could be the highest profit in BP’s history, after the company benefited from the fossil …
Business
Business Live
New Eldon Square general manager hails city shopping centre’s pandemic bounceback
The new manager of Newcastle shopping centre Eldon Square has told how the destination has emerged strongly from the pandemic to be one of the UK’s best performers. Like other shopping centres around the UK, Eldon Square suffered during the pandemic and the many lockdowns, having already taken a hammering as a result of the …
Business
Business Live
Newcastle Falcons stars’ brew FiaFia Pilsner strikes deal with The Inn Collection Group
A beer brand created by players from Newcastle Falcons is set for a boost after they struck a deal with a local hospitality firm. Carl Fearns, Logovi’i Mulipola, Will Welch and Michael Young are the team behind Manuia Beer, a new craft beer brand they have been working on away from the rugby pitch. Their …
Business
Evening Standard
Shapps raps energy regulator over prepayment meter scandal
Business Secretary Grant Shapps has told the energy market regulator to toughen up on suppliers in the wake of the prepayment meter scandal.Mr Shapps accused Ofgem of “having the wool pulled over their eyes” by taking at face value what the energy company bosses were telling them and not listening to customers.He said that he …
Business
Evening Standard
Nurses leaders urge Rishi Sunak to step in to avert NHS strike
Nurses leaders have issued a direct appeal to Rishi Sunak to intervene in their pay dispute as the NHS faces its biggest day of industrial action in its history.In a letter to the Prime Minister, the Royal College of Nursing (RCN) general secretary Pat Cullen said that a “meaningful” pay offer from the Government could …
Business
Sky News
BMW in talks with UK government over £75m grant for electric Mini
The German automotive giant BMW is in talks with the government about a £75m funding package that would secure production of electric Minis at its Oxfordshire plant.Sky News has learnt that BMW is negotiating with officials at the Department for Business, Energy and Industrial Strategy (BEIS) over a grant from Whitehall’s Automotive Transformation Fund. Industry …
Business
Sky News
Netflix says new password sharing rules were posted by accident
Netflix has said that updated measures to crack down on password sharing were posted by mistake.Following widespread disappointment on social media, with many threatening to cancel their memberships, the streaming giant claimed some new account rules being trialled in other countries had accidentally been added to its help pages elsewhere. While subscribers have been expecting …
Business
Sky News
Google poised to unveil how it plans to take on ChatGPT
Google looks set to unveil how it plans to rival the wildly successful ChatGPT AI, possibly within days.The technology giant has scheduled a 40-minute event for Wednesday 8 February, when it will reveal how it is “reimagining how people search for, explore and interact with information”. “Join us to learn how we’re opening up greater …
Business
Sky News
Elon Musk cleared of deceiving investors with Tesla tweet
Elon Musk did not deceive his investors when he tweeted in 2018 that he had the funding to take Tesla private, a jury has found. Investors had sought to sue the SpaceX owner for billions of dollars because his tweet caused Tesla’s shares to soar, only to crash 10 days later when it became clear …
Business
Evening Standard
Boris Johnson backs tax cuts to boost economic growth
Boris Johnson has thrown his weight behind calls for tax cuts to kickstart growth and boost the Tories’ chances of winning the next general election.The former prime minister said he had “no doubt” the Government would start to get the tax burden down “when the time comes” and would reap the reward at the ballot …
Business
Sky News
British Gas staff feel pressured to force prepayment meters on customers in debt – whistleblower
A current employee in British Gas’s debt recovery team has told Sky News that staff feel pressured to force the installation of prepayment energy meters on customers in debt.The employee, speaking on condition of anonymity, said he had seen an increase in the number of indebted customers since the cost of living crisis began, and …

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