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How rail’s South Wales Metro project can better serve Cardiff and decarbonisation
Work is now well under way on electrifying the Core Valley Lines into Cardiff as part of the Welsh Government’s flagship Metro project. Its completion, due to the pandemic, could be pushed slightly back into 2024 and don’t be surprised if the £734m predicted cost doesn’t end up being higher. However, it will provide a …
Business
Sky News
Arm’s $40bn sale to Nvidia is called off after US-UK regulatory pressure
The $40bn deal for US tech giant Nvidia to buy UK computer chip designer Arm has collapsed after the takeover attracted regulatory hurdles on both sides of the Atlantic.Arm’s owner, the Japanese conglomerate SoftBank, and the US firm said the plug had been pulled on the deal, which was first agreed two years ago, and …
Business
Business Live
ADVERTORIAL: How Protex Systems can help install the right fire and gas detection systems with breakthrough laser technology
With orders rapidly rising, Protex Systems has the technology to help firms across the UK strengthen their workplace safety by installing one of the leading gas detection systems. Protex Systems specialises in providing fire and gas detection equipment and solutions to a range of industries in the UK and overseas, both on and offshore. The …
Business
Sky News
‘Pent-up demand’ sees UK summer holiday bookings ‘19% up on pre-pandemic levels’, TUI reports
Holiday operator TUI has reported that UK bookings for summer holidays are up 19% on pre-pandemic levels, despite household finances facing a squeeze from surging inflation.The Germany-based company said the UK market was outperforming its wider business in terms of sales ahead of the core season for international travel. TUI, which runs hotels, airlines, cruises …
Business
Evening Standard
BP profits rocket as critics call for windfall tax
Business
Sky News
BP to ‘accelerate greening’ as surging energy prices push profits to $12.8bn
Oil giant BP has announced plans to “accelerate the greening” of the company while revealing its highest annual profits for eight years on the back of surging oil and gas costs.The firm said underlying profits came in at $12.8bn (£9.5bn) for 2021 on the back of $5.7bn loss over the previous 12 months. The performance …
Business
Euro News
DeFi explained: What is decentralised finance and could it be a death sentence for banks?
Business
Sky News
Asda to stock low-price ranges in more stores after Jack Monroe’s comments
Asda said it had “taken on board” comments by food poverty campaigner Jack Monroe as it announced it would stock low-price ranges in all of its 581 stores.Ms Monroe had highlighted, in a series of recent tweets, the lack of availability of many of the supermarket chain’s “Smart Price” products. Asda currently stocks 150 Smart …
Business
Evening Standard
Turning meal pots vegan is good business at Innocent Smoothie spin-off BOL
Business
Sky News
LV= confirms Royal London talks as Cook takes the heat for Bain deal failure
The mutual life sector is regarded by some as one of the more genteel parts of the financial services industry.So it was a surprise when, last year, two of its biggest players began throwing rocks at each other. LV=, the 179-year old business formerly known as Liverpool Victoria, announced in December 2020 it was selling …
Business
Evening Standard
Two new women bosses at top UK companies as Pets at Home and Taylor Wimpey name new CEOs
Business
Sky News
Newsquest in talks with Archant to create regional newspaper giant
The regional newspaper publisher Newsquest is in exclusive talks with rival Archant about a takeover that would unite the publishers of the North Wales Pioneer and the Eastern Daily Press.Sky News has learnt that Newsquest, which is itself owned by the US-based publisher Gannett, has seen off competing bidders to secure a period of exclusivity …

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