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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 …
Business
Sky News
What happens if I can’t afford petrol to get to work each day?
Petrol and diesel prices have soared to unprecedented levels over recent months, breaking new records almost every day.The war in Ukraine has driven a further escalation in an increase that was already under way. And while all motorists have been feeling the effects, the impact has been worst among those for whom the use of …
Business
Sky News
Ex-Boots chief seals merger to form new Sportscape Group
An investment firm co-founded by a former boss of Boots has agreed a merger with a Paris-based competitor to form a major European online sporting goods retailer.Sky News can reveal SportPursuit, which is part-owned by Mr Baker’s bd-capital, is expected to unveil a tie-up with Private Sport Shop, a Paris-based company backed by Bridgepoint Development …
Business
Sky News
Households could be offered cheaper energy if they cut usage at certain times
UK households could be offered discounts on their energy bills if they use less gas and electricity at certain times.Following a “successful” trial earlier this year, National Grid said it was looking at rolling the scheme out nationally. In February and March, about 100,000 Octopus Energy customers were asked to keep consumption within a target …
Business
Sky News
Taxpayer nets stake in exclusive sex party organiser
The taxpayer has netted a stake in sex party planning firm Killing Kittens under the terms of a scheme designed to help companies ride out lockdowns during the coronavirus pandemic.The firm was handed support by the Future Fund (FF), set up by Chancellor Rishi Sunak in May 2020 to help “innovative” companies maintain access to …

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