AvatarThe TelegraphAvatarAvatar3 hours agoBBC to launch TikTok-style news videos to capture younger viewersThe Telegraph - James WarringtonBBC is to launch TikTok-style short-form news videos in an effort to win young audiences. In its annual plan published on Thursday, the corporation said it will develop more “short, easy-to-consume updates” as well as longer-form in-depth journalism. The video and audio clips will be distributed …
AvatarThe TelegraphAvatarAvatar3 hours agoThames Water shareholders demand 40pc bill rise after cutting off fundingThe Telegraph - Matt Oliver,The owners of Thames Water have refused to provide a £500m cash injection to prevent its collapse as they renew demands for household bills to increase by 40pc. A consortium of pension funds and foreign states on Thursday announced they would stop funding the company and accused Ofwat, the …
AvatarThe TelegraphAvatarAvatar15 hours agoSam Bankman-Fried sentence: FTX tycoon sent to prison for 25 yearsThe TelegraphSam Bankman-Fried, the founder of collapsed cryptocurrency exchange FTX, has been sentenced to 25 years in prison for masterminding a fraud that cost investors, lenders and customers $11bn (£8.7bn). At a sentencing hearing in New York, Judge Lewis Kaplan said Bankman-Fried had shown “never a word of …
AvatarThe TelegraphAvatarAvatar3 hours agoHow shareholders sucked billions of pounds out of Thames WaterThe Telegraph - Michael BowThames Water’s shareholders have sucked out billions of pounds from the company over the past two decades and piled the utility with huge debts. Australian bank Macquarie and a string of offshore pension funds bought Thames in 2006 and controlled the business as a consortium for a decade. Over that …
AvatarThe TelegraphAvatarAvatar3 hours agoTrain strikes: April dates and the rail services affectedThe Telegraph - Chris PriceTrain drivers at 16 rail companies are to stage a fresh wave of strikes next week in a long-running dispute over pay, threatening to disrupt families across the country during the Easter school holidays. The walkouts are the latest in a series of strikes carried out by the Aslef union in a 20-month …
AvatarThe TelegraphAvatarAvatar4 hours agoPub chain founded by former Greene King boss calls in administratorsThe Telegraph - Adam MawardiA pub chain founded by the former boss of Greene King has called in administrators as the hospitality industry reels from the cost-of-living crisis and a soaring minimum wage bill. RedCat Pub Company said it has hired Interpath Advisory to put part of its business into administration as it seeks to …
AvatarThe TelegraphAvatarAvatarNext Tube strikes: April and May dates and which lines are affectedThe Telegraph - Chris PriceLondon Underground drivers are to stage two 24-hour strikes in a long-running dispute over terms and conditions. The Tube walkouts threaten misery for commuters across the capital. The latest strikes have been organised by the Aslef union, whose drivers went on strike last year as part of the same …
AvatarThe TelegraphAvatarAvatar5 hours agoHipgnosis founder fell short of music industry standards, report findsThe Telegraph - James WarringtonThe founder of troubled music rights firm Hipgnosis has fallen short of music industry standards when advising the London-listed fund, an external report has found. In its due diligence report published on Thursday, Shot Tower Capital said Hipgnosis Songs Management (HSM), the investment adviser led …
AvatarThe TelegraphAvatarAvatar6 hours agoBaltimore Bridge collapse to trigger one of the biggest insurance losses in historyThe Telegraph - Michael BowAdam MawardiThe Baltimore bridge collapse will trigger one of the largest insurance losses in history, Lloyd’s of London has warned. The market, founded in 1688 to offer shipping insurance, predicted that the disaster would likely trigger a multibillion-pound loss once all claims are settled. Lloyd’s said that …
AvatarThe TelegraphAvatarAvatar7 hours agoNorth Sea oil company demands windfall tax overhaul after £63m hitThe Telegraph - Jonathan LeakeNorth Sea oil company EnQuest is demanding an overhaul of Jeremy Hunt’s windfall tax after claiming it has been hit by an effective rate equal to 113pc of profits. The company suffered a £25m loss last year after paying taxes of £63m, according to its annual results. EnQuest was also hit by other …
AvatarThe TelegraphAvatarAvatar2 hours agoNuclear waste clean-up company to be prosecuted over alleged cyber blundersThe Telegraph - Jonathan LeakeA state-owned company responsible for cleaning up decades of nuclear waste at the Sellafield site in Cumbria is being prosecuted over alleged cybersecurity blunders. It follows an investigation prompted by fears that the business’s digital defences were breached by hackers acting for hostile states …