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Sky News
WorldRemit becomes latest fintech to slash jobs as outlook darkens
The international money-transfer service WorldRemit has become the latest fintech unicorn to take an axe to its workforce, as tumbling valuations force founders onto a survival footing.Sky News has learnt that Zepz has let go scores of employees in recent months in a move that reduced its global employee numbers to approximately 1,000. News of …
Business
Sky News
Can installing solar panels help me avoid rising energy prices?
With energy bills already soaring and the energy price cap set to rise again in October, some people are wondering if there’s anything more that can be done.One question that seems particularly pertinent this week as temperatures soar is whether it is worth turning to solar energy to avoid rising energy bills – and whether …
Business
Sky News
Boots owner Walgreens abandons £5bn sale of Britain’s biggest chemist
The owner of Boots the Chemist has abandoned the sale of Britain’s biggest high street pharmacy chain amid torrid conditions in global debt-financing markets.Walgreens Boots Alliance confirmed on Tuesday afternoon a Sky News report that it had decided to retain ownership of Boots after an auction process lasting for several months. In a statement, the …
Business
Sky News
National lottery ticket sales, future entrepreneurs and hospitality sector recovery
Ian King speaks to Sam Smith, the chief executive of finnCap, who are supporting an initiative to educate children on entrepreneurships. Camelot’s chief executive talks through their ticket sales with Ian King, and speaks on the decision by the Gambling Commission to revoke their National Lottery licence. While issues with the hospitality sector following the …
Business
Business Live
Bristol investment firm crowdfunding £5m for renewable energy projects
An investment firm which has backed high-profile renewable energy projects in the South West is looking to raise £5m to expand its portfolio. Bristol-based Thrive Renewables, which builds, owns and operates clean energy schemes with the backing of thousands of investors, has launched a crowdfunding campaign to fund new generation and storage infrastructure. The company’s …
Business
Business Live
European Space Agency awards Airbus £138m contract for satellite that measures Earth’s heat
Airbus has been awarded a €160m (£138m) contract by the European Space Agency for a satellite that can measure heat emitted from the Earth into space. The Far-infrared Outgoing Radiation Understanding and Monitoring (Forum) satellite will be the first to observe Earth in the far-infrared part of the spectrum, providing measurements of its outgoing energy …
Business
Business Live
Durham developers secure £75m funding for next phase of Integra 61 scheme
Developers behind the largest logistics and manufacturing scheme in the region have sealed a £75m funding deal to pave the way for new industrial space. Citrus Durham is spearheading the Integra 61 development near Durham, a mixed-use scheme with the potential to create more than 4,000 jobs over the next 10 years through industrial space, …
Business
Business Live
Women angel investors key to unleashing female entrepreneurship in Wales
The Rose Review recently showed that just under 5,000 companies were established by women in Wales in 2021 – a record figure that has more than tripled since 2018. This is great news, but this trend highlights a need to ensure that female founders have access to the right support and resources to help their …
Business
Business Live
South West Water latest supplier to be probed by Ofwat over sewage treatment
South West Water has become the latest company targeted in an Ofwat investigation into suppliers’ environmental performance and sewage treatment works. South West Water adds to a growing list of water suppliers to come under investigation as the watchdog probes how all wastewater companies manage their treatment works. Shares in South West Water owner Pennon …
Business
Sky News
Travelex banks on holiday revival as it looks to replace UK jobs axed during pandemic rescue
Travelex, the foreign currency exchange, has revealed plans to hire more than 1,000 workers in the UK after a pandemic rescue deal that saw 1,300 jobs axed.The company said on Tuesday that it was hiring across its retail, wholesale and head office operations following new contract wins and the rebound for the UK travel industry …
Business
Sky News
Heathrow passenger charge to be reduced
Heathrow Airport has warned that a proposed reduction in the amount of money it can charge airlines per passenger would result in a major reduction in investment.In its final proposals revealed on Tuesday, the Civil Aviation Authority (CAA) said the average maximum charge – which is passed on to passengers in their air fare – …
Business
Evening Standard
Russia defaults on debt for first time since “1917 Bolshevik revolution”
Has Russia defaulted on a debt?Russia missed a deadline on Sunday night for interest repayments of $100 million on two Eurobonds issued in May. That’s either the first time since the 1998 currency crisis. Or the first time since the 1917 Bolshevik revolution, depending on whom you believe.Does that mean it could not pay?It is …

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