City tourism boosted with £230m Farringdon hotel plans
Dublin-based aparthotel operator Staycity, which owns the Wilde brand, has founded a partnership with Penta Real Estate to deliver the new project. The 11-storey site, which will offer apartment living and co-working…
Read more
Shabana Mahmood softens immigration plans in face of cabinet backlash
Under pressure from a cabinet backlash and health unions, the home secretary has offered a carve-out for care workers to allow them to apply for indefinite leave to remain after five years. But most of the rigorous new…
Read more
Anthropic’s growth slows ahead of IPO as AI spending bill nears $900bn
The Claude maker revealed the figures in an updated IPO filing on Monday , offering investors a fresh look at its finances just weeks before its expected Nasdaq listing. Revenue jumped from $1.4bn a year earlier to…
Read more
Control of Britain’s 39m smart meters passes to non-profit startup
The company owned by crisis-hit outsourcing firm Capita has promised a "seamless transition" to its not-for-profit successor, which will take over running the data network connecting the smart meters from this week. The…
Read more
Shop freezers in seven European countries hit by cyber-attack
Sabcobel, a Belgian company that manufactures some of the affected refrigerators, said the units' evaporators were switched to defrost mode, causing them to warm up, in what is believed to be the same method used in last…
Read more
London Watch Week – The City Edition mega preview, featuring Christopher Ward, Nomos and more
Taking place at the Royal Exchange on 18 November, the event brings together a curated selection of watch and luxury brands within one of the City of London’s most iconic settings. Across the day, guests will be able to…
Read more
Brickmaker’s woes deepen the UK housebuilding gloom
In the meantime, though, here's a thumping profits warning from Ibstock, the country's biggest brickmaker, to spread a little more gloom. Demand hit a brick wall in the summer, as the company could have put it. Industry…
Read more
Oil price falls amid hope of a breakthrough to end Iran war
Brent crude, the international benchmark, dropped by more than 6.5% to as low as $105.55 a barrel on Monday, the lowest since 16 October, sending shares in airline companies higher and pushing down government borrowing…
Read more
Shop fridges and freezers across Europe hit by fresh suspected cyber-attack
Retailers in Belgium, Estonia, Ireland, Finland, Luxembourg , the Netherlands and Sweden reported problems with their refrigeration systems on Monday, and several companies confirmed they had been hacked. The EU food and…
Read more
Mahmood waters down migration rules for care workers in £10bn gamble
Home secretary Shabana Mahmood has watered down migration rules for care workers after backlash from Labour MPs, although high earners will benefit from faster routes to settlement in the UK. The home secretary confirmed…
Read more