Ovo Energy to cut hundreds of jobs in cost-saving move
Ovo Energy, a major domestic gas and electricity provider in the UK, is gearing up to reduce its workforce in an attempt to demonstrate to regulators that it has a…
Daily Mail owner in talks to acquire Telegraph titles for £500m
The owner of the Daily Mail is in talks to buy the Daily Telegraph and its Sunday sister title for £500m, a deal that would finally end the more-than two-year…
Novelists Fear AI Will Replace Them, Survey Shows
The novel has survived the industrial revolution, radio, television, and the internet. Now it’s facing artificial intelligence – and novelists are worried. Half (51%) fear that they will be replaced…
Curve investor challenges £125m sale to Lloyds in court
The primary external investor in Curve, a digital wallet provider, has taken legal action to challenge the £125m sale to Lloyds Banking Group. IDC Ventures, the investor, has lodged a…
Government borrowing high in October as consumers cut spending – official data
Official figures show that government borrowing was higher than expected, and consumers spent less than anticipated, tightening their belts. According to the Office for National Statistics (ONS), government borrowing in…
Energy minister warns of no quick fix for reducing bills as Ofgem prepares new price cap announcement
The article discusses the challenges facing households and businesses in reducing energy bills, highlighting the complexities involved in transitioning to clean power sources. Energy Minister Michael Shanks acknowledges the difficulty…
Nvidia results ease market concerns but AI bubble fears linger
Global stock markets have rallied as the world’s most valuable company reassured investors of the demand for artificial intelligence (AI) and the returns companies can make. Nvidia’s announcement of another…
Asda sells 24 stores to rent back amid debt struggle
Asda, a supermarket chain, is in the process of selling 24 of its stores and then renting them back in an effort to address its debt issues. The company has…
Britain sets new wind power record, enough to power 22 million homes
A new wind record has been set for Britain, with enough electricity generated from turbines to power 22 million homes, the system operator has said. The mark of 22,711 megawatts…
