From price inflation and Brexit rows to Evergrande and Biden v Putin: Here are the market risks to watch this year January 4, 2022 The world is a pretty turbulent and unpredictable place at the moment, with Covid variants not making life easier. From tensions between Russia and the US over Ukraine’s NATO membership to Brexit conflicts and China’s Evergrande property scandal, 2022 is set to become everything but dull. So what developments and issues could disrupt or disturb [...]
Aston Martin owner Stroll to invest £200m in new HQ for F1 team September 14, 2021 Aston Martin owner Lawrence Stroll will put up to £200m into a new manufacturing headquarters for the marque’s Formula 1 team. In an interview with the FT, the Canadian billionaire said he was aiming to increase the team’s valuation to £1bn over the next five years. The 37,000 square metre campus is located near British [...]
£19bn Crossrail mess: Uncertainty over how loans will be repaid while £150m funding gap looms October 29, 2021 The estimated cost of completing London’s new east-west railway exceeds current available funding by £150m, according to a new report by the Commons’ Public Accounts Committee (PAC). Moreover, Crossrail is facing a “serious” funding gap and there is uncertainty over how loans will be repaid, MPs have warned. The predicted cost of finishing the project [...]
Think tanks call for government to ensure secure gas supplies as market crisis deepens March 16, 2022 Think tanks call on government must ensure gas supplies are resilient this winter following Russia's invasion of Ukraine and spiking wholesale costs.
UK steel firms suspend imports of Russian coal March 13, 2022 Tata Steel UK (Tata) and British Steel have both suspended imports of Russian coal, according to The Mail on Sunday. The decision follows sustained pressure from Western governments for businesses to divest from Russia, as it ramps up sanctions on the country following the invasion of Ukraine. Coal is used to heat blast furnaces up [...]
British Airways looks to U-turn decision to ditch Gatwick short-haul flights October 4, 2021 British Airways (BA) is reportedly looking to U-turn on its decision to ditch short-haul flights from London’s Gatwick airport. Bosses at trade union Balpa reopened talks last week and are planning on taking a new pay deal to pilots, the Telegraph reported. After a gruelling 18-months for the travel industry, the airline ditched short-haul flights [...]
China’s Evergrande: not so grand financial statements? December 15, 2021 Evergrande Group is the latest listed company to unexpectedly find itself on the verge of bankruptcy. When businesses are thrust into public view for the wrong reasons, my first thought is always whether trouble could have been coming. To see if the Chinese property development giant’s travails could have been anticipated, I looked at its [...]
Rio Tinto fears recession and Covid clampdowns will hit iron ore shipments October 18, 2022 Iron ore demand will be weighed down by a global slowdown in commodity markets, warned Rio Tinto.
Drax unveils plans to build power station inside a mountain May 17, 2022 Drax plans to build a hydro power station inside a mountain, which will be housed inside a cavern large enough to fit Big Ben on its side.
Government to pump £100m in new nuclear power plant January 27, 2022 Plans to build a new nuclear power station have received a boost after the Government announced £100m of funding to support its continued development. Ministers said the move aimed to attract further financing from private investors for the Sizewell C project in Suffolk. Unions welcomed the development as a step forward, but Unite urged the [...]