Mace: Construction firm on track for £3bn revenues as it bolstered by international growth July 18, 2023 Construction giant Mace has been bolstered by traction in its consultancy business and completions of landmark buildings abroad and in the UK (such as Battersea Power Station) during the year, hiking its turnover to £1.936bn. The London-headquartered firm, which has plans to reach £3bn revenues by 2026, said that its consultancy business reached £500m in [...]
UK paves way for war risk insurance scheme to help UK firms rebuild Ukraine October 31, 2023 Ministers have signed a statement of intent with the European Bank of Reconstruction and Development (EBRD) in a bid to remove barriers to firms trading and investing in Ukraine.
FTSE 100 closes above 8,300 barrier amid global rally May 7, 2024 London's FTSE 100 posted a new intraday record on Tuesday amid a global stock market rally driven by renewed optimism on interest rate cuts from major central banks.
Spring Budget 2024: Hunt completes nuclear u-turn with £160m Hitachi deal March 6, 2024 Hitachi abandoned the Wylfa project in 2020 over long delays and ballooning costs
Barratt Developments share price in focus following Bank of England rate rise July 10, 2023 The market will turn its focus to Barratt Developments’ trading update next Thursday to see how soaring mortgage rates and a tumultuous period for the property sector is impacting UK house building companies. The housebuilder’s shares have fallen by around a tenth over the past 12 months and more than half from their pre-pandemic levels, [...]
UK ‘found its feet’ in November as economy returned to expansion but recession fears remain November 23, 2023 “The UK economy found its feet again in November as the service sector arrested a three-month sequence of decline," Tim Moore, Economics Director at S&P Global Market Intelligence said.
Standard Chartered chief pockets bumper pay packet as London bosses call for more cash February 23, 2024 The boss of Standard Chartered pocketed a bumper pay rise last year as his total paypacket swelled to £7.8m.
City of London approves new £600m skyscraper with 360 degree roof platform July 25, 2023 The Square Mile will get a shiny new skyscraper by the end of the decade, following planning approval from the City of London Corporation. At 284m, the new skyscraper at 55 Bishopsgate will be one of the tallest buildings in Europe and the third biggest in the City, behind 1 Undershaft scheme (305m) and 22 [...]
Petrofac shareholders could be set for wipeout as company considers debt swap April 29, 2024 Petrofac said this morning it would delay its full year 2023 results, which it now expects to publish by 31 May 2024.
UK government aims to buy back key nuclear site from Hitachi February 12, 2024 Ministers are now looking for new buyers into the project, one of which is reportedly South Korean nuclear developer, Korea Electric Power Corporation (KEPCO).