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Green jet fuel legislation expectations set out by Velocys for UK and US governments
Velocys is moving into its new financial year with a clear focus, detailing the government support it anticipates, as it prepares for mass take off of sustainable aviation. In an update to the City prior to filing its results next month, the sustainable technology company behind plans for a £350 million green jet fuel plant …
Business
Business Live
Yorkshire tech firm Zoo Digital launches new office in Denmark
Yorkshire tech firm Zoo Digital has launched a subsidiary in Denmark to spearhead its push into Scandinavia. Zoo Denmark is based in Copenhagen and includes a state-of-the-art dubbing studio which is fully integrated with Zoo’s cloud-based systems. The company hopes the facility will be used by a growing network of dubbing talent in the area’s …
Business
Business Live
Renewable energy consultancy TNEI becomes employee owned
A renewable energy consultancy, which was once part of oil and gas services provider Petrofac, has become employee owned. Manchester-based TNEI has transferred 100% of its shares to an employee ownership trust in a move backed by a “significant funding” package from HSBC UK The company, which also has offices in Newcastle, Glasgow, Cape Town …
Business
Sky News
Ted Baker up for sale as bid interest in fashion chain intensifies
Fashion retailer Ted Baker has launched a formal sale process after receiving an improved takeover proposal and new bid interest.The company revealed to the City on Monday morning that private equity firm Sycamore – whose bid interest was first revealed by Sky News – had raised its unsolicited proposal for a third time, but did …
Business
Sky News
Passengers stranded as staff COVID cases force easyJet to cancel hundreds of flights
More than 200 flights were cancelled by easyJet over the weekend, with dozens more grounded on Monday, leaving some passengers stranded amid resurgent coronavirus-related disruption for travellers.The budget airline blamed the cancellations on staff shortages caused by COVID-19. It said it had made efforts to combat the shortages by “rostering” standby crew over the weekend …
Business
Euro News
From Ronin to Mt.Gox: These are crypto’s biggest hacks and heists since Bitcoin was created in 2008
Business
Sky News
Ministers prepare to take control of giant Gazprom retail supply arm within days
The government is preparing to nationalise Gazprom’s British supply arm within days amid a stand-off between the Russian state-controlled energy firm and a Wall Street banking giant.Sky News has learnt that ministers are drawing up plans to take Gazprom Marketing & Trading Retail (GM&T) into public hands if it fails to reassure financial counterparties about …
Business
Sky News
Poverty data ‘somewhat misleading’ minister says after claim rising bills could put 400,000 children into crisis
Grant Shapps has suggested the way poverty is presented can be “somewhat misleading” when put to him that rising bills could push 400,000 more children into poverty.Speaking on Sky News’ Ridge on Sunday programme, the transport secretary admitted that rising costs of living are “very substantial”, but questioned estimates of how many people could be …
Business
Business Live
Dominic McGregor: Social Chain co-founder on starting over, ‘vulture capitalists’, global expansion, sobriety and Steven Bartlett
Dominic McGregor is arguably best known for co-founding Social Chain with new Dragons’ Den star Steven Bartlett. The pair dropped out of the University of Manchester to launch the fledgling company, with the journey culminating on the firm going public and then departing for pastures new in 2020. With Social Chain, which is now turning …
Business
Sky News
Chelsea FC sale: Cleveland Cavaliers-owners join Cubs and Griffin bid
The owners of the American basketball team the Cleveland Cavaliers have joined forces with one of the four remaining bidders for Chelsea Football Club as the auction of last season’s Champions League-winners enters its final stages.Sky News can exclusively reveal that Rock Entertainment Group (REG), which owns a string of US sports teams, has agreed …
Business
Business Live
Levelling Up author uses speech in North East to outline vision for UK regions
At any other time – without Brexit, Covid, the war in Ukraine and the cost-of-living crisis – the Government’s Levelling Up agenda would surely be generating more headlines. Improving regional economies to provide more opportunities for people living in places like the North East, while stopping London and the South East from overheating, is a …
Business
Sky News
Revitalised NatWest weighs £3bn for wealth management giant
NatWest Group is contemplating an audacious takeover bid for one of Britain’s biggest wealth managers in a move that would represent its biggest corporate acquisition since it was rescued by taxpayers nearly 15 years ago.Sky News has learnt that NatWest is in the early stages of considering an offer for Tilney Smith & Williamson, which …

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