business

How a leisure charity ‘ripped off’ taxpayers with ‘decaying’ sites likened to Chernobyl

Outside the Fusion Lifestyle pool in Tottenham, north London, locals protested against unclean and sometimes dangerous facilities. The Tottenham Parents Facebook group wanted to send “a clear message” on Saturday that they are “fed up with the mismanagement and neglect of our local pool”. Their outrage is not isolated as residents across the country complain …

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Patisserie Valerie ex-chairman in line for payout after auditor settles £200m lawsuit

The former chairman of Patisserie Valerie is in line for a large payday after Grant Thornton settled a £200m court case over the collapse of the coffee and cake chain. Luke Johnson is thought to be one of the top creditors to benefit from a multi million-pound settlement of the case that was brought against …

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Ministers approve funding for £20bn Sizewell C in major boost for EDF

Funding for the £20bn Sizewell C nuclear power plant is to be signed off by ministers in as little as a fortnight in a move that paves the way for crucial private investment. The Government’s commitment to the plant in Suffolk would be a major boost for EDF, giving it certain extraty as it seeks …

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Nervous summer for easyJet as post-pandemic boom fails to take off

Many customers now face a nervous wait to see if their plane will take off – and if alternative proposals fit with their schedules. The current situation stems from the industry’s well-documented travails during the pandemic. But company insiders claim easyJet was hit hardest by the UK’s stringent travel policies. “As the UK’s largest airline …

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British Airways pilots demand better pay as aviation’s summer of strife continues

British Airways pilots are seizing on a wave of summer strikes by ground crew colleagues with demands for a new pay deal. Union leaders will this week open pay talks with BA, as pilots try to overturn a controversial deal agreed during the pandemic. The talks come against a backdrop of strikes over pay elsewhere …

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British chip designer Arm poised to snub London for New York

SoftBank is planning to float the business after a sale to US chipmaker Nvidia fell through due to industry and regulatory opposition. A US-only listing for Arm would be a major blow to the UK Government’s efforts to woo more tech listings to London. However, SoftBank is reported to be considering a partial listing of …

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Quality rules for natural gas to be relaxed under plan to beat energy crisis

Worst-case scenarios modelled in Whitehall suggest up to six million homes could face power cuts if that happens. Speaking at the Chatham House Second Century London Conference this week, Mr Kwarteng said the UK needed to be “prepared for any scenario – however extreme.” He said the Government was “exploring domestic gas storage options carefully …

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World’s largest hybrid ship to ferry passengers between UK, France

An artist’s impression of the Saint-Malo at sea. According to Brittany Ferries will have a battery capacity of 11.5 megawatt hours. Brittany Ferries A ship set to carry passengers between the UK and France in the next few years will be the largest hybrid-vessel ever built, according to operator Brittany Ferries. In a statement Tuesday, …

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Our pathetic energy regulator has overseen a total disaster

Not only did it “not do enough in the years that preceded it to ensure the energy supplier sector was resilient to external shocks”, the NAO said, it helped to create a market “that was vulnerable to large-scale shocks” and “increased the risk and cost” of firms failing. That is quite some record. It is …

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Monterrey suffers weeks-long water cutoff amid drought

MONTERREY, Mexico (AP) — The industrial hub of Monterrey has long been one of Mexico’s most prosperous cities, so its almost 5 million residents were shocked when they lost the most basic of services: water. A combination of an intense drought, poor planning and high water use has left residents of Mexico’s industrial powerhouse to …

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