CVC has sought to profit from the IPL’s rapid rise, large audience and valuable media rights deals

Communities affected by Storm Arwen will be given an extra £3.5 million in redress payments after a critical report from energy regulator Ofgem into the response of utility companies was published.

Scottish and Southern Electricity Networks (SSEN) agreed to pay redress payments after the review, which found customers in the north-east of Scotland faced “unacceptable service” following the storm in November 2021.

Many households had their power cut off for more than a week and faced poor communication from utility firms on when they would be reconnected.

Ofgem also found they were slow in delivering compensation.

The storm caused significant damage to overhead power cables and around 16 million trees were impacted.

Since the storm, SSEN has taken part in reviews as well as customer and stakeholder research.

It said it will seek to implement “any further lessons learned” for the coming winter and beyond.

SSEN has paid around £4.5 million in compensation above statutory levels and has agreed to pay a further £3.5 million, which will include a £1.8 million payment to local authorities in the areas affected most by Storm Arwen.

A further £1.2 million will be allocated for additional investment to protect key circuits and contingency measures which will help improve response times to future events.

Some £500,000 will be added to the SSEN’s community fund pot which will hand out awards this summer.

SSEN director of operations Mark Rough said: “Storm Arwen presented an unprecedented challenge for our customers, communities and our operation, causing damage to our network far greater than we had seen before.

We have already taken steps to improve our response through listening to our customers and will continue to implement any and all learnings for future events

“I’m very proud of the way our teams dealt with this challenge, often in extremely hostile conditions, but also recognise that customers would like us to do better still in restoring their supply more quickly.

“We have already taken steps to improve our response through listening to our customers and will continue to implement any and all learnings for future events.

“The additional £3.5 million in funding will support this aim, helping improve our operational response and support community members, particularly those most vulnerable, improve their own resilience.

“We will now work collaboratively with industry, community partners and policy makers to ensure the recommendations from today’s publications are appropriately reviewed, implemented and, where necessary, supported through the regulatory framework.”

Starting salaries accelerated at a near record pace last month, KPMG and the REC found.

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As Chinese authorities signal that a two-year crackdown on the domestic technology sector is over, global investors are relieved and yet loath to take the government at its word. Foreign investors have been returning to mainland markets since May as its stringent COVID-19 lockdowns ease and after pledges from China's highest policymakers, including Vice Premier Liu He, to support an economy staring at recession. More explicit signs that the regulatory crackdown that crippled the technology sector is easing came this week with reports ride-hailing firm Didi Global and billionaire Jack Ma's Ant Group, the fintech affiliate of conglomerate Alibaba, are getting out of the regulatory doghouse.

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The €1,950,343 (approximately $2 million) contract is part of the European Space Agency’s Commercial Space Transportation Services and Support to Member States Programme, BOOSTFINO MORNASCO, Italy, June 09, 2022 (GLOBE NEWSWIRE) -- D-Orbit, the space logistics and transportation company that is going public through a transaction with Breeze Holdings Acquisition Corp. (NASDAQ: BREZ), has signed a €1,950,343 (approximately $2 million) contract with the European Space Agency (ESA) under BOOST, the

Among his 15 recommendations, Dr Javed Khan issued four critical ‘must-dos’ for the Government to be acted upon immediately.

The average annual electricity cost of a popular small EV such as a Nissan Leaf or Renault Zoe is around £250.

Exhibit I - 6-Month Reduction in Microglial PET Signal from First SPMS Patient(3) Exhibit I - 6-Month Reduction in Microglial PET Signal from First SPMS Patient(3) Exhibit II – Tiziana Pipeline(4) Exhibit II – Tiziana Pipeline(4) Zacks Small-Cap Research Note By John D. Vandermosten, CFA NEW YORK, June 09, 2022 (GLOBE NEWSWIRE) -- Tiziana Life Sciences PLC (NASDAQ: TLSA) announced positive clinical results for its second secondary progressive multiple sclerosis (SMPM) patient in a June 8th press

The latest figures from the ONS show that Britons are cutting back on spending as the cost of food, energy and fuel soars.

“Arena del Futuro” Demonstrates Capability of Dynamic Inductive Recharging Technology for Electric Vehicles “Arena del Futuro” (“Arena of the Future”) circuit built by A35 Brebemi in collaboration with Stellantis and other partners field tests revolutionary dynamic induction electric charging for EVsTesting with Fiat New 500 shows that Dynamic Wireless Power Transfer (DWPT) simplifies the customer approach to electric mobility by removing range anxiety and supports decarbonization and environmen

Stock markets plunged deeper into the red on Friday after data showed US inflation soared to the highest level in more than 40 years in May, far outpacing analysts' expectations.

Global Endoscopy Devices Market Global Endoscopy Devices Market Dublin, June 09, 2022 (GLOBE NEWSWIRE) -- The "Endoscopy Devices Market Size, Share & Trends Analysis Report by Product, by Application, by End Use, by Region (North America, Europe, Asia Pacific, Latin America, MEA), and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering. The global endoscopy devices market size is expected to reach USD 81.0 billion by 2030. The market is expected to expand at

Various measures to boost homeownership have been announced.

London’s top flight ended the day down 158.69 points, or 2.12%, at 7,317.52.

Research shows the economy was £31bn smaller than it would have been if it remained in the European Union.

Abstract: What`s New for 2022? -Global competitiveness and key competitor percentage market shares. -Market presence across multiple geographies - Strong/Active/Niche/Trivial.New York, June 10, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global N95 Masks Industry" - https://www.reportlinker.com/p05896570/?utm_source=GNW -Online interactive peer-to-peer collaborative bespoke updates -Access to our digital archives and MarketGlass Research Platform -Complimentary

Swiss International Air Lines has repaid a state-backed loan to support it during the pandemic ahead of schedule as it returned to a positive cash flow in the first quarter after two years of losses, the subsidiary of Lufthansa said on Thursday. The announcement adds to positive news coming from Lufthansa, Air France-KLM and other airlines as people rush to book long-awaited holidays after the lifting of COVID-19 restrictions. Swiss initiated a restructuring in the summer of 2021, reducing its fleet by about 15% and cutting about 1,700 full-time jobs by the end of 2021.

U.S. and European shares slid while benchmark euro zone yields hit an eight-year high on Thursday after the European Central Bank prepared to hike interest rates next month for the first time since 2011 and as pending inflation data spooked investors. While the ECB decision was widely expected, the possibility of a larger hike from September weighed on sentiment as the euro zone economy grapples with slowing growth and soaring inflation. "CPI is a big number," said Jack Ablin, chief investment officer at Cresset Asset Management LLC. "It's funny, the employment report historically has been important, but inflation is really taking center stage."