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Hot Off The Wires - 15th March 2021

News


  • Steel tycoon Sanjeev Gupta and financier Lex Greensill exploited a Covid-19 state guarantee scheme for struggling companies to extract £400m of taxpayer-backed loans - eight times the limit.

  • Boris Johnson to announce a £3bn shake-up of England’s bus network, with a framework for franchising and a pledge to include 4,000 zero-emissions vehicles.

  • Ministers are considering a ban on new oil exploration licences in North Sea as part of a decisive shift away from fossil fuels.

  • Turbine towers for the world’s biggest offshore wind farm could be made in Scotland by the Global Energy Group under plans for a £100m factory that would create hundreds of jobs.

  • Deliveroo axed a quarter of its staff last year as part of a cost-cutting diet as the pandemic struck ahead of its potential £8bn float.


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Trivia


Pachyderm is an obsolete term for an order of mammals. What does the word mean?


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