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Energy investment of £28bn approved by regulator Ofgem
Posted onEnergy regulator Ofgem has approved £28bn in investment to improve the UK’s energy network. Most of the funding in the five-year plan will go towards maintaining gas networks, but £10.3bn will be used to strengthen the electricity transmission network. Households will see an additional £108 added to energy bills by 2031 under the plan. But…
Willy Chavarria sorry after Adidas shoe cultural appropriation row
Posted onJennifer Meierhans Business reporter Getty Images US fashion designer Willy Chavarria at The Mark Hotel before the 2025 Met Gala US fashion designer Willy Chavarria has apologised after a shoe he created in collaboration with Adidas Originals was criticised for “cultural appropriation”. The Oaxaca Slip-On was inspired by traditional leather sandals known as huaraches made…
Thames Water rescue plan attacked by excluded bidders
Posted onSimon JackBusiness editor Reuters A rescue proposal by lenders to Thames Water has been criticised by other potential bidders, frustrated to have been frozen out of talks on the future of the UK’s biggest water utility. Thames Water is running out of money and is living on an emergency lifeline from the group of lenders…
