Category: In Business

Aug 15

Rural councils compelled to approve more wind and solar farms under new planning rules

Rural councils across England will be required to approve a significant increase in wind and solar farms under a new set of planning rules introduced by Housing Secretary Angela Rayner. The changes, outlined in draft planning documents from the Housing, Communities and Local Government department, are designed to accelerate the UK’s transition to green energy […]
Aug 14

Taylor Swift ticket prices plummet by 90% in last-minute resale market, patience proves key

The second-hand ticket market for Taylor Swift’s highly anticipated Wembley concert has witnessed dramatic price drops, with some tickets falling by over 90% from their initial resale prices. Fans who have held their nerve and waited until the last minute have found themselves in a prime position to secure cheaper tickets. According to data tracked […]
Aug 14

Directors increasingly involved in operations as trust in executive teams wanes

The once clear-cut boundary between non-executive directors and senior management is becoming increasingly blurred, with a significant number of business leaders indicating a lack of full trust in their executive teams to effectively manage operations. According to an annual report by Heidrick & Struggles, the global headhunting firm, more than a fifth of directors surveyed, […]
Aug 13

Sir Charles Dunstone injects £65m to save TalkTalk from collapse

TalkTalk has narrowly avoided collapse, securing an emergency lifeline from its billionaire founder, Sir Charles Dunstone. Alongside other shareholders, Dunstone has agreed to inject £65 million into the struggling broadband business, a move crucial to sidestepping an impending debt default. This initial capital infusion will be supplemented by an additional £170 million, with assets such […]
Aug 13

Rachel Reeves: Regulators must prioritise UK economic growth

Chancellor Rachel Reeves has reinforced the government’s stance on urging the UK’s financial regulators to actively promote the growth and competitiveness of the City of London. Speaking during her North American tour, Reeves reiterated her support for the introduction of a secondary objective for the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), […]
Aug 12

Sainsbury’s boss and retail union warn 17,000 shops face closure without business rates reform

Over 17,000 shops across the UK could face closure in the next decade unless the Labour government takes urgent action to reform the business rates system, according to warnings from Simon Roberts, CEO of Sainsbury’s, and Paddy Lillis, General Secretary of the Union of Shop, Distributive and Allied Workers (Usdaw). In an article published by […]
Aug 11

UK Government cancels £1.3 billion AI and tech funding amid economic tightening

In a significant policy shift, the UK government has cancelled £1.3 billion in funding earmarked for artificial intelligence (AI) and technology research and development, as part of broader efforts to stabilise the economy. The funding, initially promised by the previous Conservative government, was intended to bolster the UK’s position as a global tech leader but […]