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Evening Standard
Rail signal deal faces in-depth phase two competition probe, says CMA
The UK competition watchdog has launched a more in-depth investigation into Hitachi’s proposed purchase of Thales’s rail infrastructure division after warning the deal could lead to higher prices for passengers.Earlier this month, the Competition and Markets Authority (CMA) raised concerns over the 1.7 billion euro (£1.5 billion) deal among the signalling operators.It called on the …
Business
Business Live
UK first as Ogi deploys Nokia full fibre network in Cardiff
Welsh broadband firm Ogi has become the first internet service provider in the UK to deploy Nokia’s 25Gbps full-fibre tech. The company has deployed the telecoms giant’s 25 gigabit per second passive optical network (PON) fibre technology at Cardiff tech incubator, Tramshed Tech. In the first commercial deployment of its kind in the UK, engineers …
Business
Evening Standard
Thousands of passengers arrive at strike airports amid threat of disruption
Thousands of people arriving in the UK are being urged to expect carnage at the border this Christmas as passport control guards began their strike on Friday.Roughly 1,000 Border Force guards, who are members of the PCS union, will walk out, bringing disruption to major airports such as Gatwick and Heathrow.The action is expected to …
Business
Business Live
Green hydrogen summit featuring academics and industrial leaders comes to the North East
Business leaders, academics, utility company bosses and transport bosses are set to visit Sunderland next month as part of a green hydrogen summit in the wake of several investments in the region. The event is being staged by the North East Energy Catalyst and will feature a number of expert speakers. Organisers say it will …
Business
Business Live
New lettings boost for prominent Cardiff office
One of the most prominent office buildings in the centre of Cardiff, Churchill House, has been boosted with a string of new lettings. Joint property agents Knight Frank and Fletcher Morgan advised the landlord in the lettings to solicitors Redkite, property lawyers Simply Conveyancing and cyber security specialist Bridewell Consulting. The nine storey building, which …
Business
Evening Standard
The year in tech: Elon Musk, the metaverse and the Online Safety Bill
It has been a year of drastic change in the tech sector, with Elon Musk taking over at Twitter while an economic downturn sparked major shake-ups and staff cuts across the industry.In the UK, the scrutiny of social media platforms intensified as the inquest into the death of Molly Russell examined whether sites had played …
Business
Sky News
Elon Musk says he will not sell more Tesla stock for two years
Tesla chief executive Elon Musk has said he will not sell any more of his stock in the company for two years.Mr Musk, who founded the electric vehicle-maker, was speaking on a Twitter Spaces audio chat when he said the economy is likely to be in a “serious recession” next year. Tesla’s board is open …
Business
Evening Standard
Energy supplier Ovo halts forced prepayment meter installations over Christmas
Energy supplier Ovo has halted forced prepayment meter (PPM) installations over Christmas to help customers through the cost-of-living crisis.The move will mean customers who have fallen into debt on a credit meter and face having their supplier install a pay as you go replacement will have respite over the Christmas period.Ovo said the measure, which …
Business
Sky News
Modular sofa-maker Snug looks for good fit with new owner
Snug, a British sofa manufacturer, is in talks about a sale four years after its launch.Sky News understands that Snug, which was founded by Rob Bridgman, is working with the accountancy firm Evelyn Partners to find a buyer before the end of the year. Sources said a deadline of 23 December had been set by …
Business
Sky News
Sunak and Von der Leyen promise to ‘work together’ to break NI Protocol deadlock
Rishi Sunak and Ursula von der Leyen have insisted they will work together to find a solution to the row over the Northern Ireland Protocol, as pressure grows to break the diplomatic deadlock. In a call on Thursday, the prime minister and the European Commission president discussed the post-Brexit trading arrangements in Northern Ireland. A …
Business
Sky News
FTX collapse shows crypto is ‘too dangerous’ not to regulate – Bank of England
Cryptocurrency trading is “too dangerous” to remain outside mainstream financial regulation and could pose “a systemic problem” without action, the deputy governor of the Bank of England has warned.Speaking for the first time since the founder of the crypto trading platform FTX was arrested and charged with massive fraud, Sir Jon Cunliffe told Sky News …
Business
Sky News
FTX collapse shows crypto is ‘too dangerous’ not to regulate, says Bank of England
Cryptocurrency trading is “too dangerous” to remain outside mainstream financial regulation and could pose “a systemic problem” without action, the deputy governor of the Bank of England has warned.Speaking for the first time since the founder of the crypto trading platform FTX was arrested and charged with massive fraud, Sir Jon Cunliffe told Sky News …

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