BEIS Select Committee raises alarm bells over UK’s ‘dire’ climate progress report June 29, 2022 BEIS has raised alarm bells over a key report on Government’s progress to net zero, deeming it "dire", and "catastrophic for the country/
Top investors demand firms including Tesla and Exxon Mobil cough up climate data June 29, 2022 A group of 263 top financial institutions have today called on firms including Tesla and Exxon Mobil to reveal their environmental impact data, as pressure grows on businesses for transparency on climate impact.
Government modernising railways despite ‘unions’ best efforts’, says Shapps June 29, 2022 The UK Government is modernising the railway network “despite the best efforts of unions,” Grant Shapps said today. The transport secretary’s comments came as he announced £1bn worth of funding to replace the Victorian signalling system along the East Coast Main Line (ECML) – which connects London to Edinburgh – with a digital one. “We’re [...]
Oil round up: G7 stops short of unveiling mooted oil price cap while OPEC revels in rising revenues June 28, 2022 The G7 has stopped short of banning the transport of Russian oil above a certain price, and will instead just explore the option.
TfL extends consultation on bus cuts to 7 August June 28, 2022 Transport for London (TfL) has extended its deadline for the consultation on bus cuts from 12 July to 7 August. The public body said it wanted to give more time to people “to review, understand and provide feedback,” over its decision to cut or alter 78 of the current 620 bus routes. The public body [...]
Wonks divided over plans to exclude fossil fuel plants from emissions checks June 28, 2022 Analysts are split over the Government's reported decision to halt emissions checks on fossil fuel plants ahead of winter.
Getting defensive: M&C Saatchi urges shareholders to bat away Murria’s £254m takeover bid June 28, 2022 The drama continues for M&C Saatchi, after the ad giant urged shareholders to reject Vin Murria’s £254m bid for the firm, as well as the alternative bid from Next 15.
Flying Rolls Royce boosts London’s FTSE 100 June 28, 2022 A positive analyst note sent aerospace engineer Rolls Royce flying in the City today, bumping London’s FTSE 100. The capital’s premier index climbed 0.9 per cent to 7,323.41 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, edged 0.17 per cent higher to 19,351.27 points. [...]
Global consumer confidence plunges to new lows on inflation spike June 28, 2022 Consumers in rich countries have never been more glum as inflation takes its toll on household balance sheets. Confidence in Germany, Europe’s economic powerhouse, dropped to minus 27.4 this month, the lowest level since record began, GfK said today. The figures come as another survey published by GfK last Friday revealed UK consumer confidence has [...]
Windfall tax is a ‘fiscal shock’ to the oil and gas sector, warns industry body in letter to Chancellor June 28, 2022 One of the UK's leading energy bodies has sent a letter to the Chancellor Rishi Sunak, warning the new windfall tax will harm the country's investment climate.