This week: Housebuilding space to come under spotlight with key players revealing results September 5, 2022 Investors will get a good idea of how the housing market is faring with a trio of leading housebuilders unveiling financial results this week. Barratt Developments, Berkeley Group and Vistry are all set to update shareholders on their performance amid reports the housing sector is losing steam. London-listed housebuilding giants Barratt, Berkeley, Persimmon and Taylor [...]
Nuclear boss urges govt to back small modular reactors with ‘pace and urgency’ January 9, 2023 The head of the UK's leading nuclear body has urged the Government to pursue SMRs with "pace and urgency."
Exclusive: Building suppliers issued the most petitions during the pandemic February 2, 2022 Building suppliers dished out the most winding-up petitions to companies owing them cash during Covid, exclusive data has revealed. Audit, tax and advisory firm Mazars said building suppliers made up 28 per cent of all winding-up petitions filed since February 2020. During the pandemic, troubled construction firms often failed to pay owed cash to merchants. [...]
Johnson green lights £30bn Sizewell C nuclear power station August 21, 2022 Boris Johnson has given the green light to a new £30bn nuclear power station in Suffolk in the final weeks of his premiership. Johnson and chancellor Nadhim Zahawi approved funding for the construction of two new reactors, known as Sizewell C, despite the Prime Minister vowing to not make decisions in this transitional period. Zahawi’s [...]
FTSE 100 today: UK stocks set to open higher as rate cut odds strengthen; ECB in focus June 6, 2024 Asian markets mirrored Wall Street's surge. All eyes are on the ECB's likely rate cut and Christine Lagarde's press conference.
UK’s cost of living crisis has created ‘perfect conditions for fraud to flourish,’ new report says July 6, 2022 The UK’s cost of living crisis is creating the “ideal environment for fraudulent activity,” a new report from the Chartered Institute of Internal Auditors (CIIA) has warned. Covid-19, the war in Ukraine, and the UK’s cost-of-living crunch are creating the “perfect conditions for fraud to flourish,” the report says, as it calls on businesses to [...]
HS2 at risk of being ‘dismembered’ and never resurrected, peers warn government March 10, 2023 HS2 is at risk of being “dismembered” and never resurrected after further delays were announced by the Government, peers have heard. Cost-saving measures mean the construction of the Birmingham to Crewe leg of HS2 will be delayed by two years and services of the high speed rail line may not enter central London until the [...]
Exclusive: ‘No surprises’ for Hochschild Mining with output resilient amid plunging profits August 17, 2022 Hochschild boss Ignacio Bustamante argued there were “no surprises” in the company's results, despite a sharp plunge in profits.
Credit Suisse readies £350m claim against Softbank over Katerra collapse May 8, 2022 Embattled lender Credit Suisse is reportedly readying a £350m claim against SoftBank over the bankruptcy of US construction firm Katerra, which imploded after supply chain finance firm Greensill Capital collapsed last year.
Nuclear contender Westinghouse keen to win over local opposition as SMR race heats up October 31, 2023 Westinghouse Electric Corporation is confident is can win over any potential local opposition to nuclear power.