Bellway profit craters but shares jump on strong look-ahead October 15, 2024 Despite a significant drop in completions and profit, housebuilder Bellway has said it is well-positioned to deliver growth going forward and supports the Government’s plan to unlock housing construction. Shares surged by more than eight per cent in early trades. Bellway told markets this morning that profit fell by 44.6 per cent in the year [...]
‘Super sewer’ boss hails opening of wastewater network October 14, 2024 London’s long awaited ‘super sewer’ opened today, marking a major milestone in efforts to protect the River Thames from sewage pollution. Designed to handle storm overflows, the Thames Tideway Tunnel opened its gates today, capturing 589,000 cubic metres of sewage within 24 hours during heavy rainfall in September. The 25km ‘super sewer’ has a total [...]
UK economy returns to growth ahead of Rachel Reeves’ first Budget October 11, 2024 The UK's longer term growth performance has been disappointing and the new Labour government has pledged that wealth creation will be its "number one priority".
International Investment Summit must not be the peak of the government’s ambitions October 11, 2024 Next week’s International Investment Summit an important early test of the willingness of global investors to make available the capital required, but ministers mustn’t stop there, says Tim Figures The Labour Government has made kickstarting economic growth one of its key missions. However, this growth clearly can’t happen without substantial amounts of public and private [...]
Red Bull revenue take flight after multipacks success October 10, 2024 Revenue at energy drink giant Red Bull jumped by almost £90m in 2023 after more people in the UK picked up its multipacks. The London-based division of the Austrian giant has reported a revenue of £594.1m for its latest financial year, up from the £508.6m it posted in 2022. Newly-filed accounts with Companies House also [...]
Treasury chief unveils new infrastructure body after HS2 fiasco October 10, 2024 The National Infrastructure and Service Transformation Authority (NISTA) will bring oversight of UK infrastructure under "one roof."
PRS REIT reveals ‘excellent’ results as strategic review looms October 8, 2024 PRS REIT has revealed a set of strong results as the trust gears up for a strategic review following a shareholder row. The real estate investment trust reported an 11 per cent uplift in the value of its underlying assets, as rental income on its private housing portfolio surged 12 per cent on a like-for-like [...]
The best way to do the Alps, with champagne on tap, amazing food and perfect ski runs October 6, 2024 Combining service worthy of The White Lotus with facilities straight out of Succession, Chalet Inoko in Val d’Isere high in the Alps is among the most spectacularly opulent ski destinations in the world, says Adam Bloodworth “Just say yes,” Armond, the long-suffering hotel manager in the inaugural season of The White Lotus, demands of his [...]
Construction sector surges thanks to interest rate cuts and planning reform October 4, 2024 "UK construction companies indicated a decisive improvement in output growth momentum during September," Tim Moore, economics director at S&P Global Market Intelligence said.
SIG: Revenue drops as housing supplier warns of continued weak demand October 2, 2024 Housing supplier SIG has reported another drop in revenue after soft demand for interiors continued to bite. Group like-for-like revenue saw a sequential improvement but still dropped by four per cent in the three months to 20 September, after a seven per cent decline in the first half of the year. SIG said that weak [...]