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Aerospace parts maker Velocity Composites signs $100m deal
Aerospace components maker Velocity Composites has signed a $100m deal. The Burnley-headquartered listed company has made a five-year work package agreement with GKN Aerospace in the United States. The business said the deal is expected to be worth over $100m in revenue over the length of the agreement. READ MORE: Click here to sign up …
Business
Evening Standard
TSB fined £48.7m over 2018 computer system meltdown
TSB has been slapped with a fine of almost £50 million for the disastrous systems meltdown that left around two million customers locked out of their accounts for weeks in 2018.The IT collapse caused one of the biggest financial outages since the inception of internet banking and led to over £33 million being paid out …
Business
Sky News
TSB fined £48m for ‘failings’ related to massive IT meltdown in 2018
TSB has been fined £48.65m by regulators for “operational resilience failings” related to its massive IT meltdown in 2018 that effectively blocked millions of customers from their accounts for up to several weeks.The Financial Conduct Authority (FCA) and Bank of England’s Prudential Regulation Authority (PRA) identified “widespread” deficiencies in the planning and execution of a …
Business
Sky News
British Airways ‘technical issue’ delays long-haul flights – and leaves Liz Hurley stranded on the tarmac
British Airways has apologised to customers after suffering “a technical issue” with its flight planning systems that has affected flights departing the US and elsewhere globally ahead of Christmas.BA said it had fixed the glitch, first experienced overnight, that had grounded many long haul services ahead of scheduled departures and left many passengers complaining via …
Business
Sky News
First banknotes featuring King Charles unveiled
The Bank of England has unveiled its first banknotes featuring King Charles.The notes will gradually replace those featuring his mother, Queen Elizabeth II, and enter circulation from the middle of 2024. The new £5, £10, £20 and £50 polymer banknotes feature a portrait of Charles on the front, as well as a cameo of him …
Business
Evening Standard
Early retirement ‘biggest cause’ of labour shortages, warns Lords committee
A wave of early retirement following the pandemic is the “biggest cause of labour shortages” across the UK, according to the House of Lords Economic Affairs Committee.The committee said the labour outlook for the UK was “bleak” and it was critical for the Government to consider how inactivity across the labour market can be addressed …
Business
Evening Standard
Alcohol duty freeze extended for further six months, Treasury minister says
A freeze on alcohol duty has been extended for a further six months amid accusations of a Government “U-turn”.Treasury minister James Cartlidge told the Commons the extension would give “maximum certainty” to the industry ahead of challenging times, and would avoid multiple changes in a year when the Government also plans to reform the alcohol …
Business
Sky News
Xpediator founder bids to take logistics company private
The founder of Xpediator, a London-listed logistics company, is hatching a plan to take it private.Sky News understands that Stephen Blyth, who stepped down as Xpediator’s chief executive in 2020, has assembled financial backing for a takeover offer. The identity of Mr Blyth’s backers and the price at which a bid would be pitched were …
Press Release
Pressat
Is your Sleep Sabotaging your Diet?
When discussing weight loss, you’d usually bring up exercise, nutrition and even genetics as the main factors in play. And while that’s very much the case, a new 2022 study done by the Sleep Research Society pointed the spotlight at another important and often overlooked factor – sleep. In the study, 195 adults with obesity …
Press Release
Pressat
BWY launches thought-provoking and celebratory online events programme for 2023
From deep dives into ancient history to today’s quest for true equity, diversity and inclusivity in yoga, from six internationally renowned teachers. The British Wheel of Yoga (BWY) launches its new national online events programme with a focus on Equity, Diversity and Inclusivity, a powerful workshop that will provide a toolkit of practical steps to …
Press Release
Pressat
Charity launches new Online Money Management Workshops to support young disabled people during the cost-of-living crisis
Theatre charity launches online money workshops to support young disabled people during the cost-of-living crisis. Surrey based theatre charity, Head2Head Sensory Theatre, has launched new online money management workshops to support young people with disabilities during the cost-of-living crisis. The interactive online money management workshops, which begin on 3rd January 2023 use drama, games, role …
Business
Sky News
Shapps picks Cardell to be first female competition chief
Grant Shapps, the business secretary, has picked one of the competition regulator’s top executives to become its first permanent female boss.Sky News has learnt that Sarah Cardell, the Competition and Markets Authority’s (CMA) interim chief executive, will be appointed later on Monday to the post. Her appointment will come nearly a year after Andrea Coscelli, …

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