Persimmon says it’s too early to judge what the effect of the EU referendum on housebuilding will be July 5, 2016 Ahead of its half year results, Persimmon said that trading through the first half of the year has been strong, but drew attention to uncertainty relating to the EU referendum. The figures Persimmon said that its legal completion volumes were increased by six per cent to 7,238 new homes for the six months to the 30 June. The [...]
New oil discovery in Alaska could reverse three decades of decline October 10, 2016 A minor oil firm just announced that it has made a “world-class” discovery in Alaska, which could be the largest find in the state in years. Caelus Energy LLC, a small company backed by private equity, says that it has discovered oil on Alaska’s northern coast. The field could hold as much as 6 billion barrels [...]
This is what Blackfriars will look like in 2022 after it gets a Thames Tideway Tunnel upgrade May 25, 2016 Almost all of the work on the Thames Tideway Tunnel super-sewer will take place beneath our feet and, for most of us, will go unnoticed. Not so with Blackfriars. On the northern bank of the Thames, Blackfriars Bridge will be gaining a new foreshore under the Tideway project, with a sizeable foreshore to its west and [...]
Green bonds could be a good solution to raise sustainable funding for long-term investments October 18, 2016 In a world with too little growth and where most central banks continually miss their inflation targets, there is an acceptance that stimulus measures are not working as hoped. It has been left to the central banks and monetary policy to generate a wealth effect and discourage saving in a bid to promote investment and economic [...]
EDF bosses to make final decision on Hinkley Point plant next week July 22, 2016 Bosses at the French energy giant EDF will meet next week to make a final decision on the controversial Hinkley Point C nuclear power plant. EDF's board of directors will meet on 28 July, the company said in a statement last night, to discuss whether to go ahead with the £18bn Somerset-based project. The company's share [...]
Rio Tinto share price falls as first half profits nearly halve August 3, 2016 Shares in Rio Tinto fell 0.70 per cent to 2,424.50p per share today, after the miner's first-half profit fell to its weakest in 12 years. The figures: Rio's underlying earnings tumbled 47 per cent year-on-year in the first half to $1.56bn, from $2.92bn. This beat analysts' forecasts of around $1.46bn. Its efforts to shrink net debt also exceeded expectations, falling [...]
Autumn Statement 2016: Here’s how business groups have reacted to today’s announcement November 23, 2016 Today's Autumn Statement may be the last after chancellor Philip Hammond announced he would scrap the annual November mini-Budget, but there's still an awful lot for the business world to sink its teeth into this time around. Here's how some of the UK's biggest business groups have reacted to today's announcements, which include big infrastructure [...]
HS2 completion timetable “unrealistic”, says National Audit Office June 28, 2016 The Department for Transport set an “unrealistic timetable” for the completion of High Speed 2 (HS2), the National Audit Office (NAO) has said. A report out today says the 2026 target for the opening of phase one of HS2 is “at risk despite good progress with some major procurements”. Read more: Why peers must press [...]
Hinkley Point C: Here’s how seven City types reacted July 29, 2016 The long-awaited decision on the Hinkley Point project finally arrived this morning – but while EDF decided to go ahead with the nuclear reactors, the government threw its own spanner in the works. Yes, last night business and energy secretary Greg Clark said the government will review the details of the project and make a [...]
Drop in supermarkets sales leads to UK plc revenues sliding August 15, 2016 Dwindling supermarket sales have weighed heavily on the performance of UK plc, causing listed companies’ revenues to dip 2.2 per cent to £341.7bn in the last quarter, according to new research from retail stockbroker The Share Centre. Supermarkets, which account for nearly one third of the UK's publicly listed companies, saw sales fall below £100bn [...]