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UK signs contracts for two carbon capture projects. The government has committed to two carbon capture and storage (CCS) projects, expected to capture 1.2 million metric tons of CO2 annually and create 500 skilled jobs, as part of a £9.4 billion funding pledge.
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Pepper Advantage expands with UK acquisition. Global asset servicing group Pepper Advantage will acquire Computershare’s UK mortgage servicing business, lifting its UK assets under management to £50 billion. The deal, announced on 24 September and pending regulatory approval, underscores consolidation in mortgage servicing and a push for technology-driven scale.
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BT’s CEO urges Chancellor against raising business costs further. Allison Kirkby warns that the telecoms industry already faces high government-imposed costs, urging stability in regulatory and fiscal policy to ensure returns on investment in critical infrastructure.
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Britain’s Co-op says cyberattack disruption cost it £80 million. The April incident led to £206 million in revenue losses, exposure of member data, and a sharp first-half swing to pre-tax loss as the company worked to contain the damage.
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Iberdrola plans €110 billion investment focusing on grid networks. Europe’s largest utility aims to enhance stability and returns by prioritising regulated grid networks over renewable generation projects. The strategy targets the US and UK, anticipating €7.6 billion annual net profit and 15,000 new jobs by 2028.
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UK employees want flexibility at work, rejecting rigid office rules. A new report from Owl Labs shows 86% demand flexible hours, with a four-day week and work-to-rule tactics becoming mainstream. The findings highlight the growing expectation for autonomy, fluid schedules, and supportive technology.
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Britain will ease high-skilled worker visas to attract global talent. UK finance minister Rachel Reeves said the plan would counter new U.S. restrictions, with potential cuts to fees under review as London courts displaced workers.
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Amazon to close all 19 UK Amazon Fresh stores. The move endangers around 250 jobs as the company shifts focus to online sales and expands its Whole Foods brand. A consultation with employees has been initiated, with some roles possibly redeployed.
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Vodafone franchisees warned of mental health impacts four years ago. A 2020 survey revealed franchisees experienced stress and anxiety after commission cuts, leading to a £120 million High Court case alleging unjust enrichment by Vodafone.
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Zilch secures £30m loan facility, favouring debt over equity. The London fintech, based in Victoria, has agreed a £30m facility with US Bank. This follows a £100m debt facility with Deutsche Bank last year and £20m Series D funding in 2023.