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£5m backing for Wolverhampton’s Brewers Yard scheme
A £250 million project to regenerate a council depot to create a major mixed-use scheme has been boosted by £5 million in new funding. Brewers Yard in Wolverhampton will see the development of up to 1,300 houses and apartments and about 60,000 sq ft of new retail and commercial space. West Midlands Combined Authority has …
Business
Sky News
Shapps to hold crunch talks with British Steel owner amid spectre of mass job cuts
Grant Shapps, the new business secretary, will hold crunch talks next week with the owners of Britain’s second-biggest steel producer, amid dwindling hopes that a government aid package will prevent thousands of job losses.Sky News has learnt that Mr Shapps will speak to Jingye Group executives on Monday in an attempt to persuade the Chinese …
Business
Sky News
HSBC customers unable to pay for meals and shopping during online banking outage
Many HSBC customers found themselves unable to pay for meals and shopping on Friday night after online banking services went down.The bank posted on Twitter at 1.37am that services were reinstated following an investigation into the outage. It had confirmed the outage at 10.30pm on Friday night, with users replying with complaints about leaving items …
Business
Evening Standard
Travellers still face rail disruption despite strikes being called off
Rail services will be crippled on Saturday despite a serious of planned strikes being called off.Members of the Rail, Maritime and Transport union (RMT) and Transport Salaried Staffs Association (TSSA) were due to stage walkouts in the coming few days in a long running dispute over jobs, pay and conditions.The RMT said it had secured …
Business
Evening Standard
Bonfire Night travel misery still on schedule despite rail strike cancellation
Travellers across Scotland will face rail misery on Saturday despite a union calling off its strike.Members of the Rail, Maritime and Transport union had been due to stage 24-hour walkouts on Saturday, Monday and Wednesday in their bitter dispute with Network Rail, but bosses cancelled the strikes after securing “unconditional” talks.ScotRail said there would still …
Business
Business Live
East Midlands Chamber names its 2022 Leicestershire businesses of the year
Residential and commercial construction company Scope Construction was named Leicestershire business of the year at the annual East Midlands Chamber awards. The Loughborough-based company also picked up the award for outstanding growth at a ceremony which took place at Leicester City FC’s King Power Stadium. The business, founded by Maz Patel and Paz Patel in …
Business
Sky News
‘Unfortunately, there is no choice’: Elon Musk defends culling Twitter staff
Elon Musk has defended sacking half of Twitter’s 8,000 workers, saying “unfortunately, there is no choice”.Mr Musk insisted that the platform’s commitment to moderation remained “absolutely unchanged”. He tweeted: “Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4m a day.“Everyone exited was offered three months of severance, …
Press Release
Pressat
New PodCast Series from Professional Triathlete Mitch Vanhille
Professional Triathlete and Coach Mitch Vanhille, based primarily in Belgium and Singapore, has started a new PodCast series where he discusses various aspects of running, training, and life as an athlete and coach, as well as examining the role of business in athletics. His PodCast is available on a variety of platforms, including SoundCloud and …
Business
Evening Standard
Rail strikes suspended after ‘promise of pay offer’
A series of planned strikes by railway workers in a long-running dispute over jobs, pay and conditions has been suspended.Members of the Rail, Maritime and Transport union (RMT) had been due to stage 24-hour walkouts on Saturday and next Monday and Wednesday.The RMT said it has secured “unconditional” talks on Network Rail (NR) and the …
Business
Evening Standard
FTSE 100 buoyed by mining gains amid China reopening speculation
European stocks enjoyed a boost on Friday, closing the week on a high amid reports that China is mulling over reopening its economy.The FTSE 100 surged by more than 2.5% at one point on Friday as investors piled cash into the index’s China-exposed mining giants.Shares in Anglo American moved more than 10% higher amid the …
Business
Business Live
The recession can be a chance to do things differently
Since the UK’s first Indian-origin Prime Minister was asked to form a government by King Charles III last month, many are still trying to work out what Rishi Sunak and his Chancellor will do to close the massive hole in public finances and reduce the impact of increased energy prices. The forthcoming Autumn Statement has …
Business
Evening Standard
Elon Musk decries ‘massive drop in revenue’ as advertisers withdraw from Twitter
Elon Musk has warned of a ‘massive drop in revenue’ at Twitter as advertisers cut bank on their spending with the social media giant.The billionaire tweeted: “Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to …

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