Daily Business In Brief: United Utilities to begin £914 million improvements scheme early | Sterling rises to a 10-month high against the dollar | Virgin Orbit crashes back to earth in bankruptcy filing

By Rich Wilcock

4th Apr 2023 | Business Roundup

Virgin Orbit made 85% of its staff redundant to stave off bankruptcy but has ultimately failed (Image - Virgin Orbit)
Virgin Orbit made 85% of its staff redundant to stave off bankruptcy but has ultimately failed (Image - Virgin Orbit)

Tuesday's business stories making the national headlines

Richard Branson's Virgin Orbit files for bankruptcy

After a failed satellite launch and huge redundancies, Virgin Orbit has now filed for bankruptcy

Full story via Sky

United Utilities brings forward a huge improvements plan

The new CEO of Warrington-based United Utilities has said the planned £914 million scheme of works is to be brought forward

Via Businessdesk

Sterling rises to its highest against the dollar since June 2022

The currency hit a 10-month high after the dollar continued its downward trend

Via Reuters

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