Thames Tideway ‘super sewer’ won’t open until 2025 due to coronavirus August 25, 2020 The construction of the Thames Tideway “super sewer” is now expected to cost £233m more as a result of coronavirus, with the mega-project now not expected to be completed until 2025. As a result of the increased cost, Thames Water customers may face slightly higher water bills, the Telegraph first reported. At the moment, customers [...]
Post-pandemic flexible working a must for burnt-out workers July 12, 2021 Over two thirds of workers want more flexible working post-pandemic, as just under half can’t switch off from work. A new study from Aviva shows that 44 per cent of workers feel they can’t switch off from work. As a result of always-on working, 40 per cent are now concerned about burn out. While both [...]
EU aims to boost gas supplies and reduce reliance on Russia March 15, 2022 All members of the European Union (EU) will have to collectively ensure gas stores are 90 per cent full by October each year.
Supping with the devil: Germany must wake up about Nord Stream 2 November 19, 2021 As far back as the 14th century, Geoffrey Chaucer put it very well in political risk terms when he said in “The Squire’s Tale” of Canterbury Tales, “He who sups with the devil should have a long spoon”. In mercantilist Germany’s case—where its foreign policy is all too often only an excuse for its export-driven [...]
Rolls-Royce to temporarily shut factories during the summer February 7, 2021 Rolls-Royce will temporarily shut down its jet engine factories for two weeks in the summer, in an attempt to save costs in the midst of the pandemic. The shutdown – the first in the company’s history – will affect all 19,000 staff in Britain, according to reports. Workers were told about the planned closure in [...]
The City View: Sluggish UK economic growth, and Heathrow flying high April 11, 2022 Today Andy Silvester talks to City A.M.’s Economics and Markets reporter Jack Barnett. They go through lacklustre UK economic growth figures and why the cost-of-living crisis will hinder said growth; the latest inflation figures; the global economic recovery; and economic uncertainty to come. Andy also goes through the news: Heathrow has marked its highest number [...]
Costain swings to £96m loss in ‘exceptionally challenging’ year during pandemic March 16, 2021 Infrastructure firm Costain has swung to a loss of almost £100m as it struggled through an “exceptionally challenging year” during the pandemic. The group posted a statutory reported loss before tax of £96.1m for the 12 months to 30 December, down from a profit of £6.6m in 2019. The figure included significant sums from two [...]
Gazprom’s European gas supplies drop to decade low amid fractured unity over sanctions February 20, 2022 Gazprom's European gas supplies has fallen to 10-year lows, while Germany and Italy fret over sanctions reducing their energy reserves.
The technology sector is demonstrating real leadership on sustainability November 26, 2021 While the recent COP26 climate change summit in Glasgow has focused on gaining governmental consensus on future action to tackle climate change, the business world has already taken decisive steps towards a more sustainable future. With the influence of ESG continuing to grow, business applications like ERP are evolving fast to satisfy ESG-related demands and [...]
Greencoat enters Nordic market with €60m wind farm purchase February 15, 2021 Renewables investment fund Greencoat has today bought a Finnish wind farm for €60m (£52m). The purchase of the Kokkoneva wind farm from Abo wind marks the AIM-listed firm’s entrance into the Nordic market. The 43 megawatt wind farm, which is currently under construction, is due to begin producing electricity in the second quarter of 2022. [...]