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South West companies forced to restructure to cope with mounting costs
More than a third of business in the West of England are being forced to restructure operations in a bid cope with mounting cost pressures, new research has revealed. A combination of rising inflation, increased interest rates, high energy costs and ongoing supply chain issues are significantly impacting the financial viability of many firms in …
Press Release
Pressat
Satellites protect wreck sites from looting
Press release: Embargoed to 4 November 2022 0900 hours Dutch Inspectorate and Cultural Heritage Agency award contract to the Maritime Observatory to continue monitoring important underwater heritage sites The Information and Heritage Inspectorate and Cultural Heritage Agency of the Netherlands (RCE), both part of the Ministry of Education, Culture and Science, have contracted the Maritime …
Business
Business Live
Belfast-based US drug company invests £8M in cancer drug development
A US drug development company based at Queen’s University Belfast is investing £8 million to test it cancer treatment in human trials. CV6 Therapeutics will put its first oncology drug, which works alongside standard cancer therapies to induce cancer cell DNA damage and cell death, through phase 1a clinical trials and will also perform further …
Business
Evening Standard
DFS demand bounces back after cost-of-living caution hit summer trade
Furniture retailer DFS has revealed its orders have bounced back since September after the company saw customers being cautious about spending over the summer.The firm told shareholders that order volumes have grown year-on-year since early September, following “significant decline” over the previous two months.DFS said it is therefore on track to deliver pre-tax profits of …
Business
Sky News
Power blackout prevention scheme which could earn households £100 approved
The energy regulator has approved a scheme that will see households and businesses taking part receive financial rewards for saving power at times of peak demand.National Grid ESO, which operates the country’s electricity network, said Ofgem had backed its plans for the Demand Flexibility Service (DFS) for the current winter. The scheme is designed to …
Business
Sky News
‘It’s total chaos’: Elon Musk closes all Twitter offices as layoffs begin
Twitter employees are finding out whether they are being laid off today – one week after Elon Musk’s takeover.The social network’s offices are temporarily closed globally, and workers will find out their fate by 4pm UK time. Those who are losing their jobs will receive a message to their personal email address, while employees staying …
Press Release
Pressat
The Children’s Heart Federation introduces new CEO
The Children’s Heart Federation (CHF) is pleased to announce the appointment of Rajwant Kaur Singh as Chief Executive Officer. Rajwant joins us following several leadership roles in the charity sector including education and culture. Rajwant has already made connections with partner charities and affiliates, attended conferences, visited cardiac care units, and importantly meeting with children, families, carers, …
Business
Sky News
Bank of England chief says it never feels good to raise rates – but it is their job
The head of the Bank of England – responsible for the rise in interest rates – has said it never feels good for central bankers to raise rates but it is their job. Asked how it feels to be doling out the medicine of interest rate rises, in an effort to reduce inflation, Andrew Bailey …
Business
Sky News
FinTok: How the cost of living crisis helped turn TikTok into a hub of financial advice
Alongside the rising cost of living has come the rise of FinTok, an online world of personal finance guidance.From breaking down the (former) mini-budget to navigating the murky realms of crypto, and even the best apps to invest with, Financial TikTok is populated by content creators offering their advice on how to survive the cost …
Press Release
Pressat
Quibim scores CE mark and UKCA certification for QP-Prostate®
Securing the CE mark as a class IIb device, sets Quibim as a leader in the market, making QP-Prostate® one of the first AI products approved by the new MDR regulation.QP-Prostate® is an innovative AI-based MRI solution, designed to increase diagnosis accuracy and early detection of prostate cancer.This milestone builds on top of existing Quibim …
Business
Sky News
Economy is almost certainly in recession and the picture ahead is murky | Ed Conway
Let’s start with what we do know.The economy is now almost certainly in recession. It will not be pleasant. This is a recession which will be felt in most households’ pockets – both through the rise in energy prices and shop prices and the rise in the cost of borrowing. And when it comes to …
Business
Business Live
Raleigh launches limited edition of classic 80s Tuff Burner
Nottingham’s Raleigh bikes has launched a limited edition version of its classic 80s BMX the Tuff Burner. The new bike pays homage to the blue and yellow original which was released in 1982 and went on to become a Raleigh Icon alongside the Chopper, the Grifter and Bomber. Raleigh said the BMX – retailing for …

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