Reaction Engines, the British leader in hypersonic aviation, has moved to reassure staff that they will be paid this month as talks to save the company continue. Staff at Reaction Engines were told this week that it would meet its October payroll obligations amid growing doubts about its survival, Sky News has learned. The company … Read more
The energy supplier that bailed out rival Bulb after its collapse in 2021 has repaid the final tranche of government support provided to secure the deal, delivering what it will say this week represents a £1.5bn windfall for taxpayers. Octopus Energy will announce on Thursday that it has paid more than £3bn to the government, … Read more
The prospects of a rescue deal for Britain’s hypersonic aviation pioneer appeared to have dimmed this weekend when it emerged that talks with a Gulf-based government fund had stalled. Sky News has learned that negotiations between Reaction Engines and the UAE Strategic Development Fund, the investment arm of the Emirati Tawazun Council, about consolidating the … Read more