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Thames Water weighs further cash call weeks after tapping investors for £1.5bn
Britain’s biggest water utility is working on plans to raise additional funding just weeks after unveiling plans to tap shareholders for £1.5bn in new equity.Sky News has learnt that Thames Water has begun debating whether it needs to seek new capital to deliver the transformation plan it has set out under Sarah Bentley, its relatively …
Business
Evening Standard
Energy crisis may force manufacturers to cut production or even close – study
The energy crisis is forcing manufacturers to consider cutting production or closing down altogether, according to new research.Make UK said its study showed firms were warning that their energy costs have already “spiralled out of control”.Around half of the 200 companies surveyed said their electricity bills have shot up by more than 100% in the …
Business
Evening Standard
Athens beats eastern European favourites in budget city break rankings
Athens has beaten traditional budget-friendly eastern European destinations to be ranked the cheapest location for a city break on the Continent.Analysis of a dozen typical tourist costs for UK visitors in 20 popular cities by Post Office Travel Money found prices in the Greek capital have fallen by 15% since last year.The total bill for …
Business
Sky News
Bus fares in England to be capped at £2 between January and March
Bus journeys in England will be capped at £2 between January and March next year to help people deal with the rising cost of living.The Department for Transport said the plan could see some passengers save more than £3 per single bus ticket. The average fare for a three-mile journey is around £2.80, the DfT …
Business
Business Live
Welsh Government plans would take 135 years to insulate every fuel poor household in Wales” says Lib Dems
The Welsh Liberal Democrats have said they would set aside £1.75bn to insulate homes in Wales. The party has taken aim at the Welsh Government’s energy efficiency improvement scheme arguing it would take 135 years to insulate every fuel poor household in Wales. Welsh Liberal Democrat leader Jane Dodds MS said: “Unlike Labour, the Welsh …
Business
Evening Standard
Avanti managing director steps down
The managing director of one of the rail companies embroiled in the long-running dispute over pay,  jobs and conditions has stepped down, it was announced on Friday.Phil Whittingham, managing director of Avanti West Coast, will leave his role from September 15 to “pursue other executive leadership opportunities”.He transferred to Avanti West Coast, as managing director, …
Business
Evening Standard
FTSE bounces back after bruising week, but builders suffer
After a few bruising days, global markets returned to positive territory, clawing back at least some of the losses made during the last week.A 133-point rebound saw the FTSE 100 return to where it had been on Wednesday, after a big drop on Thursday.It ended at 7,281, up 1.9%, after a strong set of jobs …
Business
Business Live
Avanti West Coast boss to step down
The long-serving boss of Avanti West Coast is to step down later this month, it has been announced. The company said managing director Phil Whittingham has decided to step down from his role from September 15 “in order to pursue other executive leadership opportunities”. Mr Whittingham transferred to Avanti West Coast from Virgin West Coast …
Business
Business Live
Food for thought as regional wholesaling giants in retail and catering enter expo mode
Two major food expos return this month for regional wholesale giants. Nisa’s annual expo is back for the first in-person event since 2019, having been moved online during the pandemic. More than 200 suppliers will converge on the NAEC in Stoneleigh, Warwickshire for the two-day event. Category talks, panel discussions, sampling and networking with suppliers, …
Business
Sky News
Whitehall extends national security probe into Truphone deal
The government has extended a national security probe into the fire-sale of a leading British mobile phone technology provider whose owners include Roman Abramovich.Sky News has learnt that officials at a division of the Department for Business, Energy and Industrial Strategy (BEIS) are to take up to 45 additional working days to scrutinise the purchase …
Business
Evening Standard
Ofgem executive given role of keeping the lights on over winter
Ofgem has appointed a new senior executive to ensure that the lights stay on this Christmas, amid fears that a gas shortage could cause problems in meeting demand.Akshay Kaul will take on the job as interim director of infrastructure and security of supply over the winter period, the regulator said.Mr Kaul was already one of …
Business
Business Live
Scandinavian late night bar firm acquires fifth Cardiff nightclub venue
The Scandinavian bar and club operator and owner of PRYZM, Heidi’s Bier Bar and The Proud Mary Pub has acquired its fifth venue in Cardiff. REKOM has acquired Story nightclub from Excalibur on Greyfriars Road in Cardiff for an undisclosed sum. The deal will see the 1,400 capacity venue reopen this month as District, creating …

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