The co-founder of the ‘Veganuary’ has launched a £30m investment vehicle today designed to spur growth in firms developing meat-free animal alternative products. London-headquartered Sentient Ventures, headed up by Veganuary co-founder Matthew Glover, venture investor Alexandra Clark, and former investment banker Manish Karani, will pump early-stage growth capital of between £500,000 and £2.5m into plant- […]
DHL said this morning the logistics giant plans to invest more than £190m into creating 10 new collection and delivery depots across the UK, and expanding 20 existing sites, which will create 3,500 jobs. The investment forms part of DHL’s plan to expand its UK e-commerce operation – DHL Parcel UK – through a £482m […]
Floating windfarms could be built off the coasts of Cornwall and Pembrokeshire after the Queen’s property manager identified a clutch of sites in the Celtic Sea that could host them. The crown estate, which generates money for the Treasury and the royal family, has published five “areas of search” that will be narrowed into development […]
Chinese SUV maker Great Wall Motors is set to abandon its businesses in India as it prepares to hit the road to Brazil, where the company has pledged to invest Rs 15,790 crore. The company has reportedly laid off its employees deployed at its headquarters in India. The 11 employees have been given pink slips, […]
Car major Ford India has increased the equivalent average days in its severance package offer from the earlier 115 days to 121 days for employees who are supporting production at the Chennai plant, in a bid to ensure timely settlement for all employees by July 31. The company has requested the workers’ union to engage […]
A record number of people are pawning items to borrow money from Britain’s largest pawnbroker amid an escalating cost of living crisis. H&T Group said “pledge lending” – lending secured against a customer’s valuable items such as watches or jewellery – was at record levels, in a trading update published on Monday. The pawnbroker’s growth […]
Motorists have been warned of “serious disruption throughout the day” on motorways from protesters taking action over spiralling fuel prices. Police said there could be traffic jams in various parts of the UK caused by demonstrators demanding a cut in fuel duty. Organisers are expected to block the Prince of Wales Bridge crossing on the […]
Japanese automaker, Nissan India has appointed Mohan Wilson as Director Marketing, Product & Customer Experience, for Business Transformation for the India market. Mohan Wilson replaces Sriram Padmanabhan and will take over the role effective July 1 2022. Mohan has worked across geographies in Japan, HongKong, Germany and India with cross functional experience of over 20 […]
For the month of June, the overall passenger vehicle sales came at 3,20,849 units, which marks a 25 per cent growth YoY. What’s interesting to note is that despite supply chain constraint, long-waiting periods, the consumer demand continues to remain robust. In fact, looking at the month gone by, the industry saw some big blockbuster […]
Post Office collection and cash delivery workers are to stage a one-day strike later this month in a dispute over pay. Members of the Communication Workers Union (CWU) employed in supply chain and admin jobs will walk out on 14 July. The workers deliver cash, valuables and essential supplies to thousands of sub-post offices, process […]