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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 …
Business
Evening Standard
BT to ‘leave no stone unturned’ after upping cost cuts to tackle inflation
The boss of telecoms giant BT has warned over further job cuts and price hikes as the group leaves “no stone unturned” to save an extra £500 million in the face of soaring inflation and energy costs.Chief executive Philip Jansen said “inevitably” some roles would be cut, while it will also increase prices for consumers …
Business
Business Live
Rolls-Royce on ‘path to investment’ after repaying £2bn debt
Rolls-Royce has said it is now on a “clear path” back to investment as it continues with its recovery following the pandemic. In a trading update on Thursday (November 3), the aerospace giant reported large engine flying hours were at 65% of 2019 levels in the four months to the end of October – and …
Business
Evening Standard
‘Life is tough for millions,’ warns Sainsbury’s boss amid inflation
The boss of Sainsbury’s has cautioned that life is tough for “millions of households” as the supermarket chain witnessed increased demand for own-label products.It came as the retail group revealed a dip in profits as it swallowed some of the impact of soaring costs.Nevertheless, the firm said it is well placed for the key Christmas …
Business
Evening Standard
Trainline expects busy London Christmas season as tourist traffic helps it return to profit
Hopes for strong London-bound Christmas tourist traffic and demand for new digital season tickets helped Trainline keep its annual guidance on track today as it returned to profit for the first half.Jody Ford, chief executive, told The Standard that demand for travel in the festive season was “good” and “healthy”, with some routes already “north …

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