Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Britain smashes annual record for coal-free power – in just six months June 20, 2019 Britain smashed another record for not burning coal from energy today as it moves towards eliminating the fuel by 2025. British power plants have now stood idle for 1,976 hours so far this year, more than in all of 2018. Read more: Carbon chief: A green economy will be cheaper than you think It has [...]
Gold hits five-year high on dovish Fed June 20, 2019 Gold prices hit a five-year high today after dovish signals from the US Federal Reserve put pressure on the dollar. Spot gold hit $1,380.96 per ounce, its highest peak since March 2014. Read more: Gold, the Federal Reserve, and the dollar – what’s driving up precious metal prices? It follows a a rise of around [...]
Carbon chief: A green economy will be cheaper than you think June 20, 2019 The cost of ridding Britain of emissions by 2050 will not be as high as reported, the head of the Committee on Climate Change has said. His comments come after chancellor Philip Hammond claimed that the plans, adopted last week by the government, will cost the UK more than £1 trillion. Read more: Global banks [...]
Oil prices surge after Iran downs US drone over vital strait June 20, 2019 Oil prices hit a three-week high today after Tehran said it downed a US drone, stoking fears of war in the region. Iran claimed it downed the drone over its southern territory. However, a US official told Reuters it had lost its drone in international airspace over the Strait of Hormuz. Read more: Iran downs [...]
Nissan and Renault workers left with ‘nothing to do’ after Ghosn arrest June 19, 2019 Employees at Nissan and Renault’s joint ventures are without work as the alliance struggles after Carlos Ghosn’s arrest. The disgraced former chief executive and chairman left after Japanese prosecutors charged him with under-reporting his salary. Read more: Nissan forecasts worst earnings in 11 years amid Carlos Ghosn saga Departments overseeing some of the carmakers’ joint [...]
MH17 plane crash: Investigators charge three Russians and Ukrainian June 19, 2019 International investigators have charged three Russians and a Ukrainian in connection with the 2014 MH17 plane crash incident. The Malaysian Airlines plane was shot down in July that year, killing the 298 people on board. Read more: Dutch investigators confirm Buk missile brought down Malaysian Airlines plane Investigators said they plan to start a trial [...]
Acacia takes aim at biggest shareholder Barrick June 19, 2019 Acacia Mining hit out at its main shareholder Barrick Gold this morning, as a takeover offer from Barrick looms. The London and Tanzania-based miner said it “strongly disagrees” with a “number” of statements made by Barrick last night. Read more: Acacia shareholder Odey will vote against Barrick bid if it stays unchanged The firm was [...]
Oil prices rise as Trump says he is set to meet with the Chinese President Xi June 18, 2019 Oil prices rose by nearly two per cent this afternoon as markets were buoyed by hopes of an ease in US-China tensions. Markets turned upwards after US President Donald Trump said he was expecting to hold an “extended” meeting with his Chinese counterpart Xi Jingping later this month at a meeting of the Group of [...]
CVC abandons IPO or sale of Domestic and General after tepid investor response June 18, 2019 A sluggish response from investors has forced one of Britain’s biggest home appliance insurers to abandon plans for a public float as soon as this month which it hoped would value it at more than £1bn. Domestic and General has decided in the last few days to shelve the plans, Sky News reported. Read more: [...]
Rolls-Royce makes move towards hybrid planes June 18, 2019 Engine-maker Rolls-Royce took a major step towards greener travel as it today announced the acquisition of Siemens’s electric aeroplane business. The e-aircraft business employs around 180 designers and engineers to develop all-electric and hybrid systems for planes. Read more: Rolls Royce 4.6bn pension legal general buyout The deal is understood to have been worth around [...]
