Virgin Atlantic: Supporting Heathrow’s expansion ‘difficult’ unless quality service provided November 21, 2022 Supporting Heathrow’s expansion will be difficult until the west London hub can provide a quality service to airlines and passengers, according to Virgin Atlantic’s boss Shai Weiss. The airport’s expansion plans – which include building a third runway – were backed by former Prime Minister Liz Truss as well as then-transport secretary Anne-Marie Trevelyan. “[The [...]
Losing momentum on Solvency II reforms would be a missed opportunity to transform Britain March 2, 2023 This is a once in a generation opportunity. That phrase might have become a bit of a cliché, especially in recent years, but the UK’s exit from the EU could ensure that Solvency II reforms really are one of those events. The proposed reforms represent a very significant opportunity to ensure more private sector capital [...]
Construction sector back in boom mode as price increases slow March 4, 2022 After months of heavy price increases, the rapid cost hikes in the construction sector showed further signs of easing off in February, according to fresh data published this morning. Builders reported they were still facing problems in supply chains, and that prices for materials and other inputs rose in February. But the reported rise was [...]
Mike Ashley’s Frasers Group ups stake in German fashion brand Hugo Boss, again June 22, 2022 Mike Ashley’s Frasers Group confirmed this morning it has increased its stake in luxury German fashion brand Hugo Boss once again. Frasers said it now has 3.4 million shares – a 4.9 per cent stake – in Hugo Boss and holds buy options over another 26 per cent shareholding. The group said its investment in [...]
FTSE 100 today: London markets to trade cautiously ahead of July 4 election July 1, 2024 Asian stocks mixed, euro strengthens on French election, yen weakens post-Japan GDP downgrade; focus on French, UK elections, US jobs data.
Britain launches £75m nuclear fuel fund in renewed bid to wean UK off Russian energy January 2, 2023 The UK will continue to wean itself off dependence on Russian energy by ramping up nuclear fuel investment by £75m a year. Minister of State for Energy and Climate Graham Stuart announced the increase as the Kremlin’s war against Kyiv moves into 2023, and Europe looks to further isolate Moscow. The government will back nuclear [...]
UK building firms’ confidence plummets on Russia-Ukraine war April 6, 2022 Existing supply chain disruption intensified by Russia’s invasion of Ukraine has eroded confidence in the UK construction sector to its lowest level in around a year and a half, reveals a closely watched survey released today. Swelling raw material costs, elongating delays in sourcing components and higher staffing bills all compounded to spike optimism among [...]
British defence titans boosted by global tensions November 22, 2022 Britain’s defence titans are benefiting heavily from the volatility sweeping the geopolitical stage, with profits on the rise, full-year outlooks cemented and blockbuster contracts in the pipeline. London-listed defence engineer Babcock today posted a underlying operating profit of £121.7m for the six-months ended to the end of September, compared to £115.3m a year earlier. Meanwhile [...]
London to power UK economy away from recession and clinch best growth across the country February 27, 2023 London will power the UK economy out of recession and is poised to be the fastest growing area in the country over the coming years, new forecasts out today reveal. The capital’s economy is on track to expand 2.6 per cent each year between 2024 and 2026, pushing it to the top of the countrywide [...]
Ignoring nuclear will cost us dearly as the UK scrambles to stave off blackouts January 30, 2023 The need for a proven, continuous, low carbon power source has never been more urgent, and the only viable option for that is nuclear power.