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Thames Water rescue plan attacked by excluded bidders
Simon 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…
How Iran war laid bare the worlds reliance on Gulf oil and gas
Since the conflict began, the price of oil has soared and is currently trading at over a third higher at $100 a barrel, pushed up by air strikes on shipping and energy infrastructure, and the effective closure of the Strait of Hormuz, a vital waterway for energy shipments, which carries a fifth of global oil…
Alan Turing AI boss denies toxic culture accusations
The Alan Turing Institute Chair has told the BBC there is “no substance” to a number of serious accusations which rocked the organisation in the summer. In August, whistleblowers accused the charity’s leadership of misusing public funds, overseeing a “toxic internal culture”, and failing to deliver on its mission. They said the Turing Institute, the…
UK economy grew by 0.3% in November, beating forecasts
Rachel ClunBusiness reporter Getty Images UK car manufacturing recovered in November The UK economy grew by a faster-than-expected 0.3% in November after car production rebounded and the services sector got a boost. Growth was driven by an increase in industrial output, the Office for National Statistics (ONS) said, helped by the return to production at…
South West heating oil spikes put pressure on finances
The government said England would receive £27m of the funding, which would be be “targeted” to help low-income households in rural communities, and be distributed by local authorities via the Crisis and Resilience Fund (CRF), which comes into effect from 1 April.
