Brookfield snaps up UK onshore wind developer in reported $1bn deal October 3, 2023 One of the UK's largest renewable developed has been snapped up by Brookfield in a boost to the country's onshore industry.
Embattled energy trust crashes after relisting on London Stock Exchange March 7, 2024 The trust began trading on the London Stock Exchange from 3:30pm yesterday after the trust published its delayed annual and interim results in January.
UK companies facing second-highest level of financial ‘distress’ in Europe February 5, 2024 UK businesses are facing the second-highest level of “deepening” financial distress in Europe due to inflation and high interest rates.
Octopus boosts renewable capacity ahead of Shell Energy deal November 27, 2023 For an undisclosed fee, Octopus Energy has bought into Ørsted’s Walney Extension wind farm, the eighth largest in the world. The generation arm of the energy supplier has taken a 12.5 per cent stake in the Irish Sea project, which was built in 2018. The project has 87 turbines with a generation capacity of 660 [...]
Crest Nicholson shares drop as housebuilder says it will build 11 per cent fewer homes March 19, 2024 Crest Nicholson has identified defects in construction on four sites completed before 2019, estimated to cost around £15m.
Government has no idea what it is trying to achieve with ‘floundering’ HS2 Euston project, MPs warn July 7, 2023 MPs have slammed the government’s handling of a “floundering” HS2 Euston project this morning, amid mounting criticism over the scheme’s soaring costs and ongoing delays. In a highly critical report, the Public Accounts Committee (PAC) called on the Department for Transport (DfT) to “finally establish” its plans for the station against what it is willing [...]
City Pub Group shares swell as firm ready to ‘take advantage of opportunities’ from economic turmoil September 21, 2022 City Pub Group shares bounced up more than 10 per cent on Wednesday morning, after the pub company posted elevated sales. In interim results, the company said sales soared to £26.1m, after pubgoers returned after the easing of Covid lockdown rules. For the first half of 2021, the company had cashed in revenue of £8.9m, [...]
17,000 construction firms risk collapsing any minute as high inflation is ‘destroying entire sector’ October 4, 2022 The number of UK construction companies at significant risk of closure has jumped 54 per cent to 16,755 this quarter, up from 10,686, according to fresh data shared with City A.M. this morning. Construction companies are struggling to cope with spiralling construction costs, inflation and rising interest rates on their debt. In the last quarter [...]
Private landlord titan Grainger’s profits surge by 96 per cent due to strong rental demand November 17, 2022 The UK’s largest listed residential landlord Grainger reported a huge boom in profit before tax of 96 per cent off the back of soaring demand. The company’s books looked healthy for the financial year with net rental income up 22 per cent and record occupancy 98 per cent levels. This comes as millions of people [...]
Businesses breathe sigh of relief after energy bill relief details but call for more tax support September 21, 2022 Businesses have said a freshly announced energy bill relief scheme will prevent thousands of firms going bust, but further support may be needed down the line. The scheme will offer firms a discount on wholesale gas and electricity prices and apply to energy usage from 1 October 2022 to 31 March 2023. Businesses including pubs [...]