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Sizewell C nuclear plant that will replicate Hinkley Point C given green light
Plans to build a replica of Somerset’s Hinkley Point C nuclear power plant in Suffolk have been given the green light by the government. The Sizewell C station will receive £700m of public funding and will be built by French energy giant EDF, which is behind Bridgwater’s delayed Hinkley Point C plant. The government said …
Business
Sky News
Mortgage approvals dive in wake of Truss mini-budget chaos
The number of mortgages approved by lenders plunged to their lowest monthly level in more than two years during October, according to data from the Bank of England.A total of 58,977 loans were issued last month, down from 65,967 in September. Financial analysts said the figures likely reflected two main factors; the mortgage market chaos …
Business
Evening Standard
William Hill owner 888 ramps up cost-saving plans
The gambling company that bought William Hill’s high street shops earlier this year has ramped up its plans to slash costs.888 said it will try to find synergies from the deal with William Hill of around £150 million – up by around £50 million since its previous announcement.It will also speed up the synergies – …
Business
Evening Standard
Transport Secretary hails ‘constructive’ meeting over rail dispute
The Transport Secretary has made it clear his role is to “facilitate and support” a deal in the long-running rail dispute rather than get involved in negotiations.Mark Harper wrote to the leader of the Rail, Maritime and Transport union (RMT) following a meeting last week which the minister described as “constructive and positive”.He wrote: “We …
Business
Evening Standard
EasyJet cuts losses and insists Britons will not ditch holidays amid cost crisis
Budget airline easyJet has insisted cash-strapped Britons will not ditch their overseas holidays in the face of soaring costs as it posted sharply narrowed annual losses after a record summer performance.The group reported underlying pre-tax losses of £178 million for the 12 months to September 30 against losses of £1.1 billion the previous year.EasyJet said …
Business
Evening Standard
Record revenue at Topps Tiles helps it cope with rising energy costs
Topps Tiles, the specialist retailer that makes over 60% of its sales from professionals in the building trade, has reported a second consecutive year of record revenue with trading ahead of pre-pandemic levels.The recovery in demand has helped the heavy gas user, which sells its kiln-fired tiles from over 300 stores nationwide, cope with cost …
Business
Business Live
Cardiff Airport in regional freeport bid
Plans for Cardiff Airport to be at the heart of a multisite freeport in south-east Wales can be revealed. The bid for freeport status, which is being led by Newport City Council, also covers a number of under-developed employment sites across the Cardiff Capital Region, and if successful promises to create thousands of new jobs. …
Business
Evening Standard
London fintech Wise recruits over 1,000 new employees as sales boom
One of London’s biggest fintech companies has recruited over 1,000 new employees over the past year as it races to keep up with booming demand.Employee headcount at money transfer business Wise has swelled 43% in the last twelve months to almost 4,000, while the firm said it was currently recruiting a further 300 roles, of …
Business
Business Live
Extra £6.5m secured by tech firm which uses AI to speed up scientific discovery as it eyes US expansion
A tech spin-out from the University of Manchester, which uses AI to curate masses of biomedical data to help scientists speed up research and development, has secured a £6.5m boost. Biorelate has completed a Series A investment round led by Maven Capital Partners and YFM Equity Partners. The Manchester Science Park company was founded in …
Business
Sky News
Sizewell C nuclear power plant go-ahead reconfirmed with £700m public investment
Plans to build the new Sizewell C nuclear power plant in Suffolk have been reconfirmed by the government along with a £700m investment.Business Secretary Grant Shapps has visited the proposed site just weeks after the Chancellor confirmed construction of the long-awaited power plant during his Autumn Statement. Funding for the project was signed off by …
Business
Sky News
China bought out of Sizewell C as UK confirms £700m stake in nuclear project
China has been forced out of the Sizewell C nuclear power venture in Suffolk following a £700m investment of taxpayer cash.The government is spending an initial £679 to help get the long-awaited project going, and confirmed on Tuesday that part of this will go to state-owned China General Nuclear (CGN) under an exit deal. Downing …
Business
Sky News
EasyJet eyes stronger bookings ahead as disruption hammers profits
EasyJet says it is expecting to build on a strong summer, despite pressures on consumer budgets, after COVID and post-pandemic disruption pushed it to an annual loss.The no-frills carrier reported a headline loss before tax of £178m for the 12 months to 30 September. While that sum was well down on the previous financial year’s …

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