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One of Wales’ leading tech firms Vortex IoT acquired in a multi-million-pound deal
One of Wales’ leading technology firms, Vortex IoT, has been acquired in a multi-million-pound deal with its new owners committed to maintaining its Neath headquarters as it looks to drive global expansion. Vortex, which builds environmental sensors, networks and data solutions to support decarbonisation efforts globally, has been acquired by the UK’s leading provider of …
Business
Business Live
Cyber security firm Arctic Wolf picks Newcastle for European HQ
American cyber security firm Arctic Wolf is set to create hundreds of jobs in the North East after choosing Newcastle as the site for its European HQ. The Minnesota based company, which was last year valued at more than $4bn after two significant fundraises, will initially create 30 new jobs with the opening of its …
Business
Evening Standard
Jobs market still booming – but pay is now starting to fall
Pay is falling for the first time since the summer as inflation bites, suggesting the Bank of England might have to move faster to raise interest rates.While the jobs market remains healthy, the spectre of rising prices could lead to a cost of living squeeze even worse than experts have so far predicted.In December last …
Business
Sky News
Pay rises wiped out by surging inflation, official figures show
UK workers saw their wage rises wiped out by surging inflation late last year, official figures show.Weekly earnings – excluding bonuses – rose by 3.8% in the three months to November compared to the same period a year earlier, according to figures from the Office for National Statistics (ONS). But that was a slowdown compared …
Business
Euro News
Spain moves to regulate crypto asset advertising, including promotions by influencers
Business
Sky News
Skeoch to rule on post-crisis bank ring-fencing regime
A former chief executive of Standard Life will this week deliver his verdict on the ring-fencing structure that saddled Britain’s biggest banks with billions of pounds of additional costs in a bid to shield taxpayers during future financial crises.Sky News has learnt that Keith Skeoch, who was appointed by the Treasury in late 2020 to …
Business
Evening Standard
The banking Brexodus that never happened. Why the City is still top dog
What happened to all those bankers that were going to quit the City and move to the EU post Brexit?A pertinent question. What happened to them mostly is this: they stayed exactly where they are. There was no, ahem, Brexodus.But weren’t there predictions of City apocalypse? Our famed Square Mile deserted? Our banking industry finished?Indeed …
Business
Sky News
‘One of the biggest days’: £700m contracts for offshore Scottish wind farm projects awarded
Contracts worth almost £700 million for new offshore wind farms along Scotland’s coasts is “one of the biggest, most significant days” in the nation’s energy and industrial future, Nicola Sturgeon has told Sky News.The first minister said it was “really exciting” as it was announced 17 projects had been awarded contracts for the leasing of …
Business
Evening Standard
Antonio Horta-Osorio: The Swiss knife always loomed for former Lloyds Bank boss at Credit Suisse
Antonio Horta-Osorio just had to go. A breach of Covid rules, including attending Wimbledon, is a bad look for a chairman, especially one trying to turn around a scandal torn bank.He goes, as they say, with immediate effect. Politicians might take note of this, but they won’t.This issue aside, it is tempting to think that …
Business
Sky News
Households facing ‘fuel stress’ set to triple as energy bills surge, think-tank warns
The number of households suffering “fuel stress” because they spend 10% or more of their budget on energy bills looks set to triple to 6.3 million, according to a think-tank.Bills for customers on standard tariffs are in line to rise sharply from April when a new price cap – expected to be increased by 50%, …
Business
Business Live
JD Sports and Monsoon software firm expands office at city centre landmark
A software company, whose clients include JD Sports, Monsoon and Ellis Brigham, has agreed to take extra space in a Manchester city centre landmark. Pimblery has let an additional 5,958 sq ft across the eighth and ninth floors at St James’s Tower following an agreement with OBI. The software-as-a-service (SaaS) company has made the move …
Business
Sky News
Amazon to continue accepting Visa credit cards in UK as it bids to resolve payment dispute
Amazon has announced that it will not stop accepting Visa credit cards for UK payments later this week as had been planned as the two companies seek to resolve a dispute.In an email to customers, the online retailer said it was “working closely with Visa on a potential solution”. The move had been due to …

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