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Evening Standard
Octopus energy gets Government approval for deal to buy collapsed rival Bulb
Octopus Energy has sealed a deal to buy Bulb, its collapsed rival which has been run with billions of pounds of Government support for nearly a year.On Saturday, Octopus announced it is taking on Bulb’s 1.5 million customers, “bringing an end to taxpayer losses and uncertainty for Bulb customers and employees”, after the firm was …
Business
Sky News
New National Lottery operator Allwyn in £100m talks to buy Camelot UK
The next operator of the National Lottery is in talks to buy the incumbent, Camelot, in a £100m deal that would pave the way for the removal of the latter’s final legal challenge against the industry regulator.Sky News has learnt that Allwyn Entertainment is in advanced discussions with Camelot’s Canadian owner about a takeover of …
Business
Sky News
Octopus Energy seals bid to take over 1.5 million Bulb customers
Octopus Energy has sealed its deal to buy Bulb, a collapsed energy rival that has been funded by billions of pounds in government support for nearly a year.Octopus said it is taking on Bulb’s 1.5 million customers “bringing an end to taxpayer losses and uncertainty for Bulb customers and employees”. It added: “Octopus is paying …
Business
Evening Standard
Elon Musk makes it ‘super clear’ no change to Twitter moderation policies yet
New Twitter owner Elon Musk has made it “super clear” he has not yet made any changes to the social media platform’s content moderation policies.Mr Musk had earlier tweeted that those banned from the site will not be reinstated until a review by a “content moderation council”.He followed this some hours later with further information, …
Business
Sky News
Largest US automaker pulls ads from Twitter after Elon Musk’s takeover
The largest automaker in the US has pulled paid advertising on Twitter after Elon Musk completed his takeover of the social media company.Musk’s $44bn (£38bn) deal to buy Twitter completed on Thursday and he reportedly sacked the company’s chief executive and two other top bosses. The world’s richest man tweeted “the bird is freed” and …
Business
Evening Standard
TUC calls for better pay and conditions for night-shift workers
The TUC is calling for better pay and conditions for the millions of night-shift workers.Ahead of the clocks going back this weekend, the union organisation said many of those working overnight are on low pay and insecure contracts.New research published by the TUC suggested that almost one-third of night-workers earn less than £10 an hour, …
Business
Business Live
Purple Planet Packaging crowned Company of the Year at the CoventryLive and WarwickshireLive Business Awards 2022
A packaging company which is hoping for a greener future for the industry has been crowned Company of the Year at the CoventryLive and WarwickshireLive Business Awards 2022. Purple Planet Packaging, which is based in Whitley, supplies customers across the country with a broad range of plastic-free products including cleaning supplies, cutlery and food and …
Business
Evening Standard
London markets dip amid soaring European inflation data
London stocks fell after trading in Europe was knocked by rampant inflation across the continent.The FTSE 100 was also impacted by weaker shares from banking firms after the latest quarterly figures from NatWest disappointed.The top index finished the day down 26.02 points, or 0.37%, at 7,047.67.Michael Hewson, chief market analyst at CMC Markets UK, said: …
Business
Sky News
Veteran City banker lined up to chair GKN Automotive spin-off
A veteran investment banker is being lined up to chair one of Britain’s biggest car parts manufacturers as it prepares for a newly independent life as a standalone listed company.Sky News has learnt that Simon Mackenzie-Smith, a prominent City figure during a long career at Bank of America Merrill Lynch, is close to being appointed …
Business
Evening Standard
Elon Musk: First hours of Twitter reign hit by concerns over online safety
Twitter staff and users are waiting to hear more details from new owner Elon Musk about his plans for the platform, amid concerns over his support for loosening content moderation and reversing permanent bans on controversial accounts.Mr Musk is expected to address staff at the company’s headquarters in San Francisco on Friday, after completing his …
Business
Business Live
North East hospitality businesses encouraged to join programme with access to funding
Hospitality, tourism and food and drink firms are being encouraged to join an innovation programme aimed at boosting the sector. The Hospitality, Innovation Tourism Supply (HITS) programme is being funded by the North of Tyne Combined Authority and led by NewcastleGateshead Initiative (NGI) in partnership with Food and Drink North East (FADNE) and NBSL, which …
Business
Business Live
Brexit deal should be renegotiated says director general of British Chambers of Commerce
The UK economy and businesses would benefit from a deeper trading agreement with the EU, says director general of the British Chambers of Commerce Shevaun Haviland. Ms Haviland believes the time is right for a renegotiation of the EU-UK Trade and Cooperation Agreement (TCA) signed in December 2020, while stressing that tensions around the Northern …

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