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11.25 - UK's North Sea oil and gas firms failing on renewables The UK's North Sea oil and gas companies are failing to switch their investments to renewable energy, according to new research. There is concern that planned changes, which aimed to raise extra money to spend on public services, could prompt wealthy individuals to exit the UK.10.15 - Supreme Court legal costs slashed by 80 per cent Legal fees in three Supreme Court appeals were slashed by over 80 per cent after the costs went into adjudication, a new report has disclosed.
It follows on from the reduction of half a per cent that was made last year by Michael McGrath, Chambers' predecessor, and would mark one of the biggest USC cuts in a number of years.09.30 - Corre Energy’s latest boardroom shake-up Dublin-listed Corre Energy has made yet another shake-up in its boardroom.
The firm, which offers project management, consulting and cost management across the construction industry, is majority-owned by CBRE. It currently employs 400 people across offices in Dublin, Cork and Belfast. Following this week’s closures in Blanchardstown, Dundrum and Dublin city centre, staff were put on temporary leave, entering a 30-day consultation process with receivers.This morning, a Press Up spokesperson told the Irish Times that it was “engaging with employees to see if they can be redeployed across the wider group”.08.
Led by Jason Lynch, the start-up has developed UnityQ, chip, the world’s first hybrid quantum-classical chip, which aims to reduce energy consumption in data centres.07.45 - Virgin Media losses narrow amid boost to digital ad revenue Virgin Media Television narrowed its losses substantially last year, as the broadcaster boosted its digital advertising revenue.
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