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Lindsey Oil Refinery to lose 125 jobs, official receiver says
Posted onStuart HarrattEast Yorkshire and Lincolnshire BBC The Lindsey Oil Refinery went into administration in June Almost a third of the workers at the Lindsey Oil Refinery are to lose their jobs. The Insolvency Service said 125 employees would be made redundant at the end of October, with 255 people remaining at the site at North…
Staff fear UK’s Turing AI Institute at risk of collapse
Posted onZoe Kleinman Technology editor Joshua Nevett Political reporter EPA Staff at the UK’s national institute for artificial intelligence (AI) have warned the charity is at risk of collapse, after Technology Secretary Peter Kyle threatened to withdraw its funding. Workers at the Alan Turing Institute raised a series of “serious and escalating concerns” in a whistleblowing…
Global dealmaking hits $4.5tn in second-best year on record
Posted onUnlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global dealmaking topped $4tn this year for the first time since the boom of 2021, as a record number of megadeals lifted investment banking fees to their second-highest level ever. A total of 68 deals…
