UK construction headed for a drastic slowdown, warns trade association May 3, 2022 Construction activity is headed for a drastic slowdown, according to a top UK trade association, as geopolitical pressures weigh on British builders. Inflationary headwinds, labour shortages and supply chain disruptions have scuppered growth in the sector, with construction forecast to eek out 2.8 per cent growth in output – a stretch away from the 4.3 [...]
GDP: When is no growth in the economy a good thing? November 10, 2023 Ministers may have breathed a sigh of relief today as the UK economy narrowly dodged recession in the third quarter of the year after eeking out minor growth in September and August.
Rolls-Royce SMR – Pioneering the new wave of small reactors April 14, 2022 Tom Samson CEO Rolls Royce SMR Rolls-Royce SMR was created six years ago with a small, driven team of 15. Their goal was to create a ‘low-cost, deliverable, global, sustainable and investible” small nuclear reactor. Now the fast growth of the SMR business has seen the payroll expand to more than 350 employees and the [...]
Rising London rents are ‘a pressure cooker ready to explode’ as home ownership ‘inching out of reach’ August 14, 2024 “A pressure cooker ready to explode” is how one expert has described the current situation in the UK housing market as data showed rents jumped close to 10 per cent in London over the past year. In fresh data released this morning it was revealed that average UK private rents increased by 8.6 per cent [...]
FTSE 100 today: London markets brace for cautious start amid weak global cues, BoE policy decision holds key February 1, 2024 Asian markets mimic Wall Street's decline while oil prices rise amid Middle East tensions. Investors await the Bank of England policy decision and focus on upcoming earnings reports from Apple, Amazon, and Meta.
Drax bumps up dividend as pellet-burning fuels bumper profit February 29, 2024 Will Gardiner, chief executive, said the group continues to play an "essential role," in the UK's power mix
Elizabeth Line: Almost half of Londoners have used the new route since May 2022 February 20, 2023 Nearly half of Londoners have used the Elizabeth line since it opened in May 2022, a new survey suggests. The results of a YouGov poll shared with the PA news agency indicate 45 per cent of the capital’s residents have made at least one journey on the £19 billion railway. That is up from 24% [...]
Net zero homes: time for a reset report – six months on May 12, 2023 The 28 million households in the UK account for around 14 per cent of our overall carbon emissions. In terms of the scale of the change required by homeowners to meet the government’s 2050 Net Zero target, this will require a home being upgraded every two minutes between now and 2050. The estimated cost of [...]
Ealing and Woolwich among Elizabeth line winners as house prices surge May 26, 2023 Boroughs located along the Elizabeth Line have seen a surge in house prices as the new line cuts City commuter times from areas like Ealing and Woolwich. As London battles a lack of supply, the quick transport links introduced by Crossrail have seen the price of homes in Ealing Broadway rise nine per cent in [...]
London Tube strikes CANCELLED following ‘positive discussions’ January 7, 2024 Tube strikes set to cause havoc for London's commuters and businesses this week have been cancelled. TfL warned, however, that there might still be some disruption tomorrow.