Explainer: Small house builders face existential hurdles July 6, 2023 As mortgages and rents rocket up, the housing industry hardly needed another blow. But small firms in the sector have warned they risk going bust without an intervention. In a letter to the prime minister this week, more than 200 small to medium-sized companies lamented that changes in the planning systems are blocking new developments [...]
Eight out of 200 offshore wind bosses confident in UK’s 2030 plan December 6, 2023 Just eight senior leaders across the European offshore wind market believe the UK can deliver its national production target by 2030. According to a report released today by research consultancy Newton, just 4 per cent out of 200 senior decision makers within the wind farm industry believe the infrastructure can be built and start delivering [...]
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, [...]
Construction sector ‘turns a corner’ as housebuilding jumps September 5, 2024 Tim Moore, economics director at S&P Global Market Intelligence, said the recovery in housebuilding was the "most notable development" in August.
AMTE boss threatens to build £250m Dundee gigafactory overseas June 13, 2023 The boss of one of the UK’s last battery manufacturers, AMTE Power, has threatened to build its new planned factory overseas, should the UK fail to boost subsidies to levels competitive with the European Union (EU) and US. Allan Hollis, CEO of AMTE Power told the Financial Times that “for gigafactory-scale production, we have to [...]
Hydrogen electric aircraft start up nets £32m from UK Infrastructure Bank November 27, 2023 Hydrogen-electric aircraft developer Zeroavia has secured the banking of the UK infrastructure bank in its latest fundraising round.
Why does Britain suck at building major infrastructure? February 8, 2024 An overzealous planning system and disjointed supply chains are reasons why the UK lags behind on building major infrastructure, a report has found.
‘Floor not a ceiling’: Sadiq Khan pledges to create at least150,000 jobs in AI, fintech and sciences April 3, 2024 Sadiq Khan has pledged to create 150,000 new jobs in key growth sectors including artificial intelligence (AI), financial and climate technology, and life sciences.
This shallow but broad landslide must not hold back Starmer’s ambitions July 5, 2024 Keir Starmer is Prime Minister. Now the hard bit starts for the Labour leader.
Lloyd’s of London warns major cyber attack on payments could cost world $3.5 trillion October 18, 2023 A major cyber attack on a financial services payments system could cost trillions, Lloyd's has found, as demand for cyber insurance booms.