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New £26m deal will see 700 affordable homes for south Wales by 2030
Principality Building Society has completed a new deal worth £26m with Swansea-based housing association, Caredig. The deal will support the development of 700 new affordable homes across south Wales by 2030. Caredig (formerly known as Family Housing) manages over 2,897 affordable homes, providing a range of services, with a core focus on social housing. Cerys …
Business
Evening Standard
Made.com ends sale process after search for rescue bid fails
Teetering furniture seller Made.com has abandoned hopes of finding a buyer to save it from the cliff edge a day after suspending sales to new customers.Bosses said they have realised there is “no reasonable prospect” that an acceptable rescue bid will be tabled.As a result the business ended a month-long sale process which the business …
Business
Business Live
Bristol eye health app raises £2m in pre-seed funding round
A Bristol start-up that has developed eye health self-monitoring apps has closed a pre-seed funding round of £2m. OKKO Health was founded by Dr Stephanie Campbell in 2018 and includes a range sight-monitoring apps focusing specifically on macular degeneration. The funding round was led by Dieter von Holtzbrinck Ventures (DvH Ventures), based in Cologne, Germany, …
Business
Evening Standard
Lloyds Bank guards against loan losses but hails ‘resilient’ mortgage customers
Lloyds Banking Group has said most of its mortgage customers will be able to withstand cost-of-living pressures, despite the company revealing it has set aside £668 million to cover loan losses.The UK’s biggest lender said its statutory pre-tax profits were £1.5 billion in the third quarter – a more than 25% drop from the £2 …
Business
Evening Standard
Made.com quits search for rescue buyer after pausing customer orders
Embattled furniture retailer Made.com has edged another step closer to the brink as it confirmed it had abandoned a search for a rescue buyer after admitting that “there is no reasonable prospect” an offer will be forthcoming.Yesterday the business said it had suspended taking new orders from customers. Made later confirmed it was no longer …
Business
Sky News
High rents and longer tenancies boost Foxtons revenues
Tenants are paying more and signing up to longer tenancies, according to a trading update from Foxtons estate agents.The London-listed company reported taking in £29.2m in lettings revenue in the three months from July to September this year, an 18% increase on the £24.8m taken in over the same period last year. That increase came …
Business
Sky News
Shell reports profits of nearly $10bn for third quarter of year
Shell has reported operating profits of $9.5bn (£8.19bn) for the third quarter of this year, lower than that of the three months before but still more than double the same period in 2021. The London-listed energy giant reported two consecutive quarters of record profit in the first half of the year at a time of …
Press Release
Pressat
Your Daily Commutes Will be Seamless, Connected and Productive.
Laureti & Icona’s Partnership Inches Closer Towards Connected Multimodal Mobility. The roaring 20s of this century are already seeing the mobility revolution through the rise of electric and autonomous technologies, continued innovations of Hyperloops, electric planes and maglev trains. Yet as we head towards 2030, the global share of the urban population is projected to …
Business
Sky News
Elon Musk turns up at Twitter HQ carrying a sink as takeover nears completion
Elon Musk has been seen entering Twitter HQ carrying what appears to be a sink.Mr Musk tweeted a video showing himself walking into the building in San Francisco a day after reports that he could close his $44bn takeover of the site by the end of this week. The 51-year-old captioned the video: “Entering Twitter …
Business
Sky News
Made.com stops taking customer orders after rescue talks fail
Online furniture retailer Made.com has stopped taking customer orders after rescue talks failed.The British company said on Tuesday that talks with potential buyers had ended, warning that if funding could not be raised before it ran out of cash, it would take “appropriate steps to preserve value for creditors”. On Wednesday, the business said its …
Press Release
Pressat
Press Release: University Preacher Urges Vegan Diet
University Preacher at the University of St Andrews has urged Christians to adopt a vegan diet for the sake of animals and the environment. Preaching on Animal Welfare Sunday, Dr Clair Linzey argues that we should move to a plant-based diet as envisaged in the first chapter of Genesis. “God blesses humans and gives them …
Business
Sky News
Fracking ban reinstated as another Truss policy is reversed
Rishi Sunak is reinstating the ban on fracking that Liz Truss controversially lifted.During Prime Minister’s Questions on Wednesday, the new prime minister said he stands “by the manifesto” on fracking. The Conservative 2019 manifesto placed a moratorium on fracking in England following opposition from environmentalists and local communities.Mr Sunak‘s spokesman explicitly confirmed he was reinstating …

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