Category: 1.5bn
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HSBC slashes costs by 8% in $1.5bn drive as it scales back net-zero pledges
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HSBC has revealed plans to reduce employment costs by 8 % in a batch to save $ 1.5 billion, as thousands of UK employees are expected to bear the loss of losses. The bank’s CEO, George Ilidri, announced that although there are a large number of HSBC employees at less…
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UK Government nets £1.5bn profit from Octopus-Bulb deal, closing the bailout chapter
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The UK government has secured a £1.5bn windfall following Octopus Energy’s takeover of collapsed energy supplier Bulb, marking the conclusion of the Bulb rescue saga. Octopus Energy has paid more than £3bn to the government, providing a major financial boost amid pressing budget constraints. The government intervened in November 2021…
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UK Government nets £1.5bn profit from Octopus-Bulb deal, closing the bailout chapter
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The UK government has secured a £1.5bn windfall following Octopus Energy’s takeover of collapsed energy supplier Bulb, marking the conclusion of the Bulb rescue saga. Octopus Energy has paid more than £3bn to the government, providing a major financial boost amid pressing budget constraints. The government intervened in November 2021…
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South Yorkshire selected for £1.5bn mini-nuclear reactor factory, creating 3,000 jobs
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South Yorkshire is set to host the UK’s first dedicated small nuclear reactor (SMR) factory, a major boost to the region’s economy and the UK’s nuclear industry. Holtec, a privately owned nuclear company based in Florida, has chosen South Yorkshire as its preferred location for the £1.5bn facility after considering…
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Labour boosts clean energy funding with record £1.5bn auction
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The Labour government is set to significantly increase funding for clean energy projects, announcing a record £1.5bn for the summer subsidy auction – a 50% increase on previous figures. The push is aimed at revitalising the UK’s clean energy sector after the previous administration failed to secure any new offshore…
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Natwest on track to exceed investment in women led businesses target: lending £1.5bn to date
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NatWest Group announced today that it has now lent more than £1.5 billion to women-led businesses since 2021, and is on track to exceed its target of lending £2 billion by the end of 2025. This is a faster pace than expected, and shows the desire of successful women-owned businesses…