Hiring ex-prisoners will make our streets safer and shave billions off the taxpayers’ bill April 29, 2022 People who choose to break the law should rightly be punished by being locked away in prison. But when it is time for them to be released back into society, the majority will find themselves not locked in but locked out – from getting jobs. This matters because research shows that offenders who have jobs [...]
New Birmingham HS2 station to cost £100m more than expected June 7, 2021 A new HS2 rail station in Birmingham will cost £100m more than originally expected, the company behind the controversial high speed rail project revealed today. Launching the procurement process to find a contractor to build Birmingham Interchange station, which is expected to open in 2026, HS2 said the contract was worth £370m. In 2019, however, [...]
National Grid: Is it ready for the green revolution? November 21, 2022 National Grid faces vast challenges to ensure the UK's energy network is ready for a vast influx of renewable power, writes Nicholas Earl.
Travis Perkins raises full year forecast as revenue soars August 3, 2021 Home improvement firm Travis Perkins raised its 2021 forecast today following a strong first-half, introducing a special dividend of 35 pence per share. Revenue for the business rose to £2.29bn in the six months ending June 2021, up from £1.66bn in the same period last year. The Northampton-based company increased their full year expectations to [...]
Getting the housing industry to net zero will cost at least £5bn, industry leaders say May 28, 2021 In the push for a low-carbon future in the housing sector, renovating the UK’s draughty homes would cost the government £5bn over the next four years and create 100,000 jobs, industry leaders have estimated. The revamps would also cut people’s energy bills and lift tax revenue, leaders have written to ministers today, the Guardian reported [...]
Kier Group plans to raise up to £240m to ease debt pile April 21, 2021 Kier Group has said it plans to raise up to £240m by offering new shares as it looks to ease its debt burden. The construction firm said the proposed raise, which it plans to launch in the coming weeks, will help to bolster the group’s balance sheet by reducing net debt. The construction firm has [...]
European markets tank on toxic mix of threats October 6, 2021 European markets tanked today, driven by a toxic mix of mounting “stagflation” fears, looming rate hikes and soaring energy costs. London was among the worst performers as investors mull whether the British economy could be barrelling toward a biting bout of “stagflation” that would squeeze businesses. The capital’s premier index plummeted 1.28 per cent to [...]
Oil prices rally to seven year highs amid rising fears Russia will invade Ukraine February 12, 2022 Oil prices rallied on Friday to fresh seven-year highs, with both benchmarks revived by escalating fears of a Russian invasion of Ukraine.
Breezy does it: Government eases planning rules to boost onshore wind September 23, 2022 Energy bosses have welcomed the Government's decision to relax planning rules around onshore wind developments.
KPMG told to expect £250m claim for Carillion collapse June 23, 2021 Accounting giant KPMG is expected to be told to pay £250m for its role in the collapse of outsourcing firm Carillion, its former client, in 2018. On behalf of the Insolvency Service, lawyers have warned KPMG to expect a claim. The expected move is part of an effort to reclaim funds that will be used [...]