Bank of England, Fed and ECB to heap more pain on global economy – but could peak rates be in sight? January 29, 2023 City traders are gearing up for a week in which the world’s top central banks will heap even more pain on households and businesses by hiking interest rates to tame inflation – but they could send the first signal indicating they will stop doing so soon. The UK, US and eurozone economies are beginning to [...]
INEOS unveils plans to build low-carbon hydrogen manufacturing plant January 27, 2022 INEOS has announced plans to build a low-carbon hydrogen manufacturing plant, and has invited contractors to submit designs for the project.
A Conservative manifesto, adjusted to UK inflation January 24, 2023 As prices keep going up, Elena Siniscalco looks at what happens to the Conservative manifesto pledges from 2019 when we adjust them in line with inflation Inflation is at 10.5 per cent in the UK. This isolated number can feel quite difficult to quantify, but we see it everywhere around us – in the price [...]
Bad luck for Camelot as High Court lifts stay on handing over National Lottery licence to Allwyn June 29, 2022 Camelot has lost its legal battle to block the National Lottery licence handover to Allwyn. Allwyn UK said in a statement this morning: “Today’s ruling is good news for The National Lottery; it enables the Gambling Commission to move forward to award Allwyn the Fourth National Lottery Licence”. “Mrs. Justice O’Farrell was clear that the [...]
Scenario planning on the ‘net zero’ energy transition July 19, 2022 For investment managers, prioritising one scenario over all others can have far-reaching consequences. This is especially true when it comes to the energy transition to ‘net zero’ greenhouse gas emissions – achieving a balance between carbon emitted into the atmosphere and carbon removed from it – quite literally a hot topic at present as a [...]
Carillion: Five years on, MPs and industry leaders demand audit reform to ensure scandal is not repeated January 18, 2023 On the fifth anniversary of the collapse of outsourcer Carillion, MPs and audit sector leaders have united in calling on the UK government to push forwards with plans to overhaul the country’s audit sector. MPs said a shake-up of the country’s accounting industry is needed imminently to ensure that audit failures, such as the one [...]
The Nuclear Option: Ministers weigh up state company as Sunak doubts UK energy strategy March 20, 2022 Government ministers are mulling over plans to launch a state-owned nuclear company while Suank questions power plant ramp-up.
HS2 will deliver no environmental benefits, says former rail watchdog chief August 3, 2021 The volume of carbon emissions produced by the construction of the controversial HS2 railway line will be greater than the reduction in removing vehicles from the road, a new report published today revealed. A review of the project by the former head of the rail regulator, Stephen Glaister, found that HS2 will yield effectively zero [...]
Low earth satellites spur ‘connectivity revolution’ as businesses eye capabilities beyond broadband February 17, 2022 After a global surge in deal-making for low Earth orbiting (LEO) satellites, there is a ‘connectivity revolution’ sweeping the UK and the rest of the world, according to analysts. LEO satellites are currently outgunning satellites positioned higher in Earth’s orbit due to their higher performance in climate monitoring, inter-vehicular networking and remote tracking. “Venture capital [...]
Britishvolt secures £40m backing from Glencore to fuel gigafactory development February 15, 2022 Battery start-up Britishvolt has secured £40m funding from mining giant Glencore as it pushes ahead with plans to develop a major gigafactory in Northumberland.