Iberdrola puts UK second in its green investment plans with £12bn tranche March 21, 2024 Spanish energy giant Iberdrola is set to send more green energy investment to the UK than Spain, Germany, France and Australia combined. The group today revealed that it will be sending £12bn over the next three years to the market, the second largest allocation in a £35bn tranche that will also see the creation of [...]
UK’s manufacturing outlook lifted as ‘extremely strong’ aerospace sector helps drive growth June 19, 2023 The UK’s manufacturing sector is set to perform better this year than previously predicted, as the country’s “extremely strong” aerospace helps to drive growth, a new report said today. The country’s manufacturing sector is only set to contract by 0.3 per cent this year rather than 3.3 per cent, according to a quarterly survey by [...]
Britain needs to build, so we need more than just white men in construction September 29, 2023 I’m glad I have had the chance to rise through the ranks to become a senior woman leader in my industry. But there are many who haven’t had the same opportunity and even more who haven’t got in through the door.
Is HS2 holding up the UK’s construction industry? Output up but housebuilding continues to fall April 6, 2023 Civil engineering rose at its highest level since 2009 in March, according to a leading global index which measures the monthly construction output of the UK economy. At 50.7 in March, the headline seasonally adjusted S&P Global /CIPS UK Construction Purchasing Managers’ Index (PMI) – which measures month-on-month changes in total industry activity – was [...]
These nine London mega-projects could transform the face of the capital March 5, 2024 Nine London mega-projects have been identified in the capital's first ever 'investment prospectus' - with the potential to change the face of the capital.
Mark Carney’s climate alliance expands as 23 venture capital funds join net zero group April 25, 2023 Mark Carney’s global alliance of financial firms fighting climate change expanded into the venture capital sector today with the launch of the Venture Climate Alliance (VCA). Consisting of 23 venture capital (VC) firms across the U.S. and Europe, VCA members have committed to supporting a rapid, global transition to net zero or negative carbon emissions [...]
Government’s £800m offshore wind auction budget not enough, analysts warn March 6, 2024 Despite a budget increase, the UK's next round of auctions for offshore wind looks set to disappoint on power generation returns.
City bosses expect strong second quarter while cutting costs amid economic pressure March 18, 2024 Financial services bosses are confident on their second-quarter results, according to a survey of more than 150 senior executives, despite the squeeze from inflationary pressures and higher borrowing costs forcing them to cut costs.
Industry welcomes Labour plans to win over first-time buyers with housing reforms June 13, 2024 Opposition party Labour has promised a major reform to housing, if it wins the next general election, including support for first time buyers.
Vistry to cut 200 jobs amid affordable housing shake-up October 23, 2023 Housebuilder Vistry said it will cut 200 jobs and make £40m less profit than expected as part of its shift into being a solely affordable housebuilder. Last month the London-listed firm it would focus solely on building affordable homes via its partnerships business after a volatile housing market eroded demand for building in the private [...]