Eurostar halts London-Paris trains for rest of day after unexploded bomb found March 7, 2025 Eurostar has suspended services between London and Paris for the rest of Friday after the discovery of an unexploded Second World War bomb near tracks in the French capital. Thousands of passengers are disrupted as the cross-Channel operator was scheduled to run 32 trains in either direction throughout the day. A large crowd of people [...]
Drax ‘misled’ government over wood sourcing, ex lobbyist alleges March 7, 2025 Drax’s former public affairs lead has accused the company of “misleading the public, government and its regulator” over its sourcing of wood for biomass pellets. Rowaa Ahmar was employed by Drax in 2022 amid allegations in a BBC Panorama documentary it had sourced wood from environmentally important forests in Canada instead of using sawdust and [...]
Ministers mull GB Energy spending cuts in blow to Ed Miliband March 7, 2025 The government is considering cutting funding for GB Energy in June’s spending review in a major blow to energy secretary Ed Miliband. State-owned GB Energy has been tasked with decarbonising the electricity grid by investing in and operating clean power projects. The government pledged £8.3bn over the course of the current parliament. However, it was [...]
Union boss who ‘supported pro-Putin separatist’ replaces Mick Lynch as RMT general secretary March 6, 2025 The Rail, Maritime and Transport union (RMT) has announced a replacement for its infamous former general secretary Mick Lynch. Eddie Dempsey, who served as the RMT’s senior assistant general secretary, will take the top job on Friday after being elected unopposed. Dempsey, a veteran of the railway industry and former train driver, played a key [...]
Harbour Energy shares tumble as profit wiped out by windfall tax March 6, 2025 Harbour Energy shares slumped on Thursday after the North Sea producer swung to an annual loss. The stock tumbled more than eleven per cent in early deals as the London-listed company reported losses of $93m (£72.1m), down from a prior year profit of $45m. North Sea producers have hit out at the UK’s windfall tax, [...]
Melrose shares tumble as five-year targets fail to wow investors March 6, 2025 Shares in Melrose Industries tumbled more than 13 per cent on Thursday after a new set of five-year targets failed to chime with investors. GKN Aerospace’s owner is targeting £1.2bn in adjusted operating profit and around £5bn in revenue by 2029. It is also looking to secure annual earnings per share growth of more than [...]
UK government plans to end North Sea windfall tax March 5, 2025 British oil and gas drillers could face a new tax regime following the energy crisis, which pegs levies to fluctuations in global oil and gas prices. The mechanism is intended to replace the notorious “windfall tax” and was outlined in a consultation on the North Sea published on Wednesday. The consultation also seeks to unravel [...]
Bank of England warns ‘age of uncertainty’ stopping rapid rate cuts March 5, 2025 An “age of uncertainty”, especially over the path of inflation, means that rapid interest rate cuts are unlikely to be coming to the UK, top Bank of England officials have said. Huw Pill, chief economist at the Bank of England, said the central bank was unlikely to make “larger and more rapid cuts to interest [...]
No luxury markets outperformed the FTSE 100 last year March 5, 2025 The once reliable luxury market suffered last year, with even the top performers in the market only posting modest gains in a weak market. The Knight Frank Luxury Investment Index (KFLII), which tracks the performance of 10 popular investments, fell 3.3 per cent for the second year in a row. The FTSE100, meanwhile, posted gains [...]
Games Workshop shares are undervalued says broker as My Warhammer registrations surge March 5, 2025 FTSE 100 juggernaut Games Workshop has seen its stock price upgraded by a City broker after stating that trading had been running ahead of expectations in 2025. In a typically brief trading update today, the Warhammer maker said it expected its profit before tax to run ahead of analyst forecasts this year. “Games Workshop announces [...]
