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Business Live
Pavel Durov’s arrest raises questions about the accountability of social media giants
Pavel Durov, the founder of messaging app Telegram, may feel a sense of vulnerability akin to his series of shirtless pictures on Instagram recently, now that he’s under the intense gaze of international regulators. He’s been formally accused by French authorities of permitting illegal activities to proliferate on Telegram. For the time being, Durov has …
Business
Sky News
Concorde successor Reaction Engines scrambles to avert collapse
A British hypersonic aviation campaign which has been hailed as a successor to Concorde is this weekend racing to avert collapse.Sky News has learnt that Reaction Engines has lined up PricewaterhouseCoopers (PwC), the accountancy firm, to act as administrator if its quest to secure new funding is unsuccessful. The company is understood to be in …
Business
Evening Standard
Whitehall unlocks up to £5.5bn for new nuclear power station subsidy scheme
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Whitehall has unlocked up to £5.5 billion as part of a new nuclear power station subsidy scheme.The money is for “development expenditure” …
Business
Sky News
American conglomerate GE swoops for British start-up Satavia
GE, one of the world’s best-known conglomerates has swooped to buy a British climate technology start-up in its quest to reduce the aviation industry’s environmental impact.Sky News has learnt that GE Aerospace has struck a deal to buy Satavia, a Cambridge-based company which helps to mitigate the warming effect of aircraft contrail clouds. Founded in …
Business
Evening Standard
Four-day working week will not be imposed on employers, says Government
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.A minister has warned four-day weeks will not “apply to everybody”, including teachers, as she vowed her Government would “encourage workers to …
Business
Evening Standard
FTSE 100 falls after nearing record high earlier on Friday
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.The FTSE 100 neared its record value before dipping to finish the day in the red on Friday.London’s blue-chip index fell 3.01 …
Business
Evening Standard
Business groups say Labour should be cautious over four-day working week plan
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Business groups have called for caution over potential Labour plans to open up a “compressed hours” four-day work week to more of …
Business
Evening Standard
Completions to fall at Barratt amid flurry of updates from housebuilders
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Barratt Developments is expected to report a fall in home completions, but profits just ahead of previous expectations, amid a week of …
Business
Sky News
Outdoor smoking ban ‘sensible approach’ to help people stop habit, minister says
The government’s plan to ban smoking in pub gardens and other outdoor venues is a “sensible approach” to help people stop, a minister has said.Sir Keir Starmer confirmed leaked reports on Thursday his government is considering the smoking ban, which would also include outdoor restaurants and outside sports venues, hospitals, nightclubs, and in some small …
Business
Business Live
Life sciences firm ReNeuron to delist as it aims to exit administration
A life sciences firm that received millions in Welsh Government funding is delisting as part of plans for it to exit administration as a going concern. Alternative Investment Market (AIM) isted stem cell development firm ReNeuron, based in Bridgend, entered administration in March. It had received a £5m equity investment from the Welsh Government’s £50m …
Business
Sky News
Mortgage borrowing at near two-year high as signs of confidence emerge
The number of mortgages approved reached a near two-year high, according to Bank of England figures, as hopes of cheaper borrowing encouraged would-be buyers. Mortgage approvals increased to 62,000 in July, a level not seen since September 2022, a sign that buyers were waiting for hopes of reduced interest rates and the associated lower mortgage …
Business
Sky News
Employers will have to offer four-day week under new plans
Employers will have to offer flexible working hours – including a four-day week – to all workers under government plans.To receive their full pay, employees would still have to work their full hours but compressed into a shorter working week – something some workplaces already do. Currently, employees can request flexible hours as soon as …

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