Business

Funds to avoid if you are still holding on to Baillie Gifford Managed

The fund remains popular, despite haemorrhaging investors’ money over the past 12 months. If you own Baillie Gifford Managed, its downward spiral will not have gone unnoticed. The fund, co-managed by Iain McCombie and Steven Hay, was close to achieving the £10bn milestone of assets under management in September 2021, when it stood at £9.6bn. …

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Eight heat loss hotspots around your home to find now – as it will help stop soaring energy bills

MILLIONS are worried about heating costs as we head further into winter and droughty households could be losing even more money. Energy bills have soared to £2,500 for the typical household this winter, meaning many will be worried they simply can’t afford to keep warm. 2 Heat loss hotspots in your home – and how …

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Water firms’ debts since privatization hit £54bn as Ofwat refuses to impose limits | Water

Ofwat is refusing to limit the soaring debts run up by water companies as research reveals the firms have outstanding borrowing of almost £54bn accrued since privatization. Customers are paying on average £80 or 20% of their water bill towards servicing debt and rewarding shareholders, according to the Competition and Markets Authority (CMA). The scale …

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England’s water firms respond to investigation into role of global investors | Water

The water companies responded to the Guardian’s requests for comment as follows. or Severn Trent spokesperson said: “Since privatisation, Severn Trent has invested £25bn in infrastructure, including £100m each year improving the rivers in our region. “We are proud to be sector leaders in measures set by Ofwat, including hitting 100% of environmental targets and …

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IBM, Maersk will shut down TradeLens supply chain platform • The Register

IBM and shipping giant Maersk have confirmed they are shutting down their blockchain-based trading platform, saying that its aim of full global industry collaboration had not been achieved. TradeLens was launched in 2018, with the goal of digitizing and simplifying global supply chains. The system was jointly developed by IBM and Maersk’s GTD Solution division …

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EU raises prospect of big fine or ban if Twitter fails to follow new legislation | Twitter

The EU has raised the prospect of a substantial fine or ban for Twitter after warning that it must “significantly increase” efforts to comply with new online legislation. Twitter’s new owner, Elon Musk, was told he had “huge work ahead” to comply with the EU’s Digital Services Act, which requires tech firms to tackle problems …

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Striking mail workers will cause holdup of deliveries with one-day walkouts during the festive season

‘Posties are holding Christmas to ransom’: Striking mail workers will cause holdup of gifts and cards with series of one-day walkouts during festive season, bosses say Communication Workers Union is planning walkouts including on Christmas Eve Royal Mail has warned the public that they should post cards and gifts early The CWU is demanding pay …

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Zero-Covid: five charts that show how restrictions are throttling the Chinese economy | China

Protests against pandemic restrictions in China could unleash a new wave of volatility into a global economy already racked by inflation, energy shocks and the war in Ukraine. The government’s continued reliance on lockdowns, quarantine orders and mass testing to limit the spread of the virus has provoked the biggest protest movement in decades. But …

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Starlink: Elon Musk’s satellites to beam high-speed broadband to remote areas of UK in government trial | Science & Tech News

Elon Musk’s Starlink satellites will be used in a UK government trial aimed at helping remote areas of the country get high-speed internet connections. Three locations will have the equipment installed to begin with, allowing them to link up to the satellites and access broadband 10 times faster than previously available. The technology allows broadband …

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Starlink: Elon Musk’s satellites to beam high-speed broadband to remote areas of UK in government trial | Science & Tech News

Elon Musk’s Starlink satellites will be used in a UK government trial aimed at helping remote areas of the country get high-speed internet connections. Three locations will have the equipment installed to begin with, allowing them to link up to the satellites and access broadband 10 times faster than previously available. The technology allows broadband …

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