1. Richard Branson's brand in a pickle? Virgin Orbit and Virgin Media troubles add to woes
In fact, it’s not been that great a few years for the constellation of corporations that have paid to use the Virgin name that Branson first slapped on his record label in the early 1970s.
2. British Gas, Octopus customers paid millions for turning off appliances
Octopus paid £5.3mln to the near 700,000 people that took part, accounting for roughly half of the required demand shift, while British Gas shared out £1.8mln to 200,000 households.
3. Not a sterling day for the FTSE 100
The FTSE 100 shed 0.5% to 7,634 as a stronger pound weighed on firms with large exposure to offshore earnings.
4. Rolls-Royce mini nuclear reactor passes first assessment hurdle
Its small modular reactor, designed to power up to a million homes apiece, passed step one of the generic design assessment (GDA), Rolls announced on Monday, meaning its viability will now be studied in greater detail.
5. Twitter’s Dogecoin rebrand follows Musk’s attempt to quash US$258bn memecoin lawsuit
Musk, who bought Twitter in October 2022 for US$44bn, replaced Twitter’s traditional blue bird icon with the cartoon Shiba Inu dog face synonymous with Dogecoin on Monday