National Wealth Fund to double investment pace with focus on clean energy and green steel
The National Wealth Fund has set out plans to sharply accelerate investment, committing up to £5 billion a year of public money into clean energy, industrial transformation and strategic infrastructure as part of a more focused growth strategy.Under the new
Poundland owner Gordon Brothers buys LK Bennett out of administration
The struggling British fashion brand LK Bennett has been bought out of administration by US restructuring specialist Gordon Brothers, raising the prospect that its remaining nine UK shops could close with the loss of around 380 jobs.Gordon Brothers, which acquired
Royal Mail delivered Christmas post late to 16 million people, Citizens Advice finds
Royal Mail has come under renewed fire after research found it failed to deliver Christmas letters and cards on time to around 16 million people, the worst festive performance in five years outside periods of strike action.The findings, published by
Pornhub to block UK access for new users amid age-verification row
Pornhub will restrict access to its website for UK users from next week, effectively blocking new visitors in protest at tougher age-verification requirements introduced under the Online Safety Act.From 2 February, only people who already hold a Pornhub account will
Lanarkshire named latest AI Growth Zone with 3,400 jobs and £8.2bn investment boost
More than 3,400 jobs and billions of pounds of private investment are set to flow into Lanarkshire after the UK government named the region as Scotland’s first AI Growth Zone, a flagship initiative under its Modern Industrial Strategy.The Lanarkshire AI
Liz Kendall unveils AI ‘Future of Work’ unit and pledge to upskill 10 million workers by 2030
The government will create a new cross-department Future of Work Unit, expand its ambition to upskill 10 million workers in AI by 2030, and invest £27 million in a new TechLocal programme aimed at entry-level tech roles, the Science and
Litestream Ventures secures $78m in investor pledges at Davos forum
Litestream Ventures recorded $78.1 million (£61.5m) in non-binding investor pledges during World Economic Forum week in Davos, after hosting its fourth annual Family Office & Venture Capital Forum.The closed-door event, held during the World Economic Forum, brought together more than