UK homeowners to be compensated for electricity cables built nearby
Government move follows recommendation from energy tsar and is aimed at speeding up overhaul of power system
Renewable energy
Dissecting Gensler’s Treasury speech
Or, how to make enemies and annoy (the right) people
Financial & markets regulation
Vestas says plans for UK wind turbine factory depend on demand
Danish group has looked at British locations but warns more government support is needed
Renewable energy
Mirror publisher Reach to cut 450 jobs after Meta pulls back from news
UK’s largest newspaper group cites slump in advertising revenues and drop in demand
Social Media
Nintendo: more movies should power up revenues for game group
Plans to release one film a year is a low-risk move that will act as a marketing push for the group’s core business
Travel & leisure industry
BoE’s Andrew Bailey says ‘too early’ to talk about interest rate cuts
Central bank governor says monetary policy needs to remain restrictive for an extended period of time
Central banks
Political adverts must disclose digital alterations, Meta says
Move by Facebook and Instagram parent comes as social media platforms confront concerns about the use of AI
Advertising, Social Media
Bayer chief blasts conglomerate’s performance as ‘unacceptable’
German group is examining spinning off its crop sciences or consumer health businesses in effort to restore fortunes
Chemicals
Fresenius sells fertility business to KKR and GED Capital
Sale of Eugin Group marks latest example of private equity swoop on demand for fertility services
Mergers & Acquisitions
Scania to launch pay-per-use electric truck joint venture
Swedish truckmaker teams up with German logistics start-up to roll out e-truck rentals
Electric vehicles