General Electric will get $1.9bn from Hinkley contract September 16, 2016 General Electric has said it will receive $1.9bn (£1.4bn) for a contract to supply steam turbines, generators and other equipment to the controversial Hinkley Point C nuclear power plant in Somerset. It comes a day after the £18bn project was approved by the government following the conclusion of a review which was initiated after Theresa May came [...]
Travel chaos as heavy rain brings abrupt end to heatwave and causes a train to derail near Watford Junction. Oh, and there’s a Circle Line strike September 16, 2016 A London Midland train derailed near Watford Junction today as the UK's train lines were plunged into chaos after the recent heatwave came to an abrupt end with floods, thunderstorms and hail. Virgin Trains said the service had hit a landslide, causing it to strike another train and derail – but no injuries were reported. However, it did [...]
Hollywood Bowl Group aims for a strike as it announces IPO price September 16, 2016 Hollywood Bowl Group announced an IPO price of 160p per share, which would give it a market capitalisation of £240m. The company said today that it has placed 113,283,274 shares in an offer which is expected to raise £181.3m. Dealing is expected to start on 21 September, it added. CityAM revealed yesterday that the group was [...]
Former Tata plant’s steel will help build two London skyscrapers September 15, 2016 Steel manufactured at the former Tata plant in Scunthorpe will be used in the construction of two London skyscrapers, following a deal inked by its new owner British Steel. The plant has agreed to supply a total of 4,500 tonnes of steel to structural contractor William Hare. It will be used in the construction of the 40-storey office tower at 100 [...]
Oil rises but gains limited by returning supply from Nigeria and Libya September 15, 2016 Oil prices ticked higher this afternoon, but the gains were limited by news of returning supply from strife-stricken Opec members Nigeria and Libya. The black stuff was energised yesterday after a better-than-expected set of data showed cumbersome US oil stocks had fallen. But any upwards momentum was limited by expectations for a return of crude supplies from Libya and Nigeria. [...]
Enquest shares fall after oilfield stake sale talks collapse September 15, 2016 Enquest shares slumped today after it announced the collapse of talks to sell a slice of one of the biggest North Sea development projects to Israeli conglomerate Delek. The independent British oil producer announced in July that it had signed a non-binding deal to sell a 20 per cent stake in the Kraken oilfield, east of the [...]
Kier hails Hinkley go-ahead as a “major step” for UK nuclear September 15, 2016 London-listed construction and civil engineering group Kier welcomed the government's final go-ahead for the £18bn Hinkley project today. It said that the decision marks "a major step in the UK's nuclear renaissance" — Whitehall has said it wants to build enough new nuclear reactors to meet about a third of the UK's energy needs by 2030. Read more: Kier has [...]
How business and politics reacted to the government go-ahead for Hinkley C September 15, 2016 The UK government gave the green light to plans to build the controversial Hinkley Point C nuclear power plant in Somerset today, but with a few revised conditions which should help allay its security concerns. The widely-watched decision has so far received a mixed reception across business and politics. While supporters applauded the project's ability to create [...]
Next posts a fall in profits in “challenging and volatile” trading environment September 15, 2016 Announcing a fall in profits this morning, Next said that trading since its July sale had been "challenging and volatile". The figures Next's pre-tax profit fell 1.5 per cent to £342.1m, down from £347.1m a year earlier. It was weighed down by profit falls at Next Retail and Next Brand which dropped 16.8 per cent and [...]
Government approves Hinkley Point C nuclear power plant but with revised conditions September 15, 2016 The government approved plans to build the controversial £18bn Hinkley Point C project, but with revised conditions. The move, which paves the way for the UK's first new nuclear power plant in a generation, includes measures to ensure French utility giant EDF remains the controlling partner during the construction phase. Whitehall will also be able to intervene in the sale of [...]
