Government pours £270m into Humber offshore wind industry August 9, 2021 The government will put £266m into boosting its wind power manufacturing capacity in the Humber region, it was announced this morning. Turbine maker Siemens Gamesa will receive £186m of funding, which will allow it to hire a further 1,080 staff. And GRI Renewable Industries will be given £78m to go towards building a new offshore [...]
Aramco posts fourfold rise in profit as oil prices bubble up August 9, 2021 Oil behemoth Saudi Aramco saw its second quarter profit jump fourfold on the back of rising crude prices and increased demand for fuel. The world’s biggest oil producer said that its net income rose 288 per cent in the last quarter to $25.5bn (£18.4bn). Analysts had expected the firm to make a net profit of [...]
Cairn Energy in line for $1bn refund as India scraps tax law August 6, 2021 Cairn Energy could be in line for a $1bn refund after the Indian government decided to scrap a controversial retrospective tax law. The FTSE 250 company has been engage in a long-running tax dispute with India over the issue. In recent months, the independent oil and gas firm has taken steps to seize some of [...]
Astrazeneca boss backs embattled GSK chief Walmsley August 6, 2021 The boss of drugs giant Astrazeneca has given his backing to Emma Walmsley, the chief executive of rival Glaxosmithkline (GSK), as she comes under pressure from investment firms. Walmsley is in the process of transforming the FTSE 100 firm by spinning off its consumer healthcare division into a separate firm. Her leadership has come under [...]
Wizz Air chief Váradi signs on for five more years after £100m bonus plan approved August 6, 2021 Wizz Air chief executive Joszef Váradi has today signed a new five-year contract with the Hungarian airline, a week after his whopping new bonus plan was approved by shareholders. With the exception of the bonus plan, which could see him take home a maximum of £100m, the other terms of Váradi’s deal remain the same. [...]
Aussie rugby sevens team to undergo alcohol counselling after Tokyo bender August 6, 2021 Australia’s Olympic rugby sevens team will have to undergo alcohol counselling after a string of booze-fuelled incidents in Tokyo. After several days of partying, things came to a head on the team’s flight back from Japan, for which the squad received an official complaint from Japan Airlines. According to reports, the team spent the 10 [...]
BAE Systems wins £135m contract to upgrade Typhoon weapons systems August 6, 2021 BAE Systems has secured a new £135m contract to develop the Typhoon fighter jet weapons systems, it was announced today. The investment will support 100 high-skilled manufacturing jobs in the north-west of the UK. The FTSE 100 defence giant was awarded the contract by Eurofighter, the consortium behind the fighter jet. It is the most [...]
CNN fires three employees for going to the office without being vaccinated August 6, 2021 Three employees at US news outlet CNN have been fired for coming into their office without having had a Covid-19 vaccine. According to a company memo from President Jeff Zucker, the firm has a zero-tolerance policy for such incidents. Staff either wishing to come into the office or to work in the field with other [...]
England Covid-19 prevalence falls to one in 75 August 6, 2021 One in 75 people in England had Covid-19 last week, a lower percentage than the previous week, in yet another sign that new cases of the disease could be levelling off. According to the Office of National Statistics, an estimated 722,300 people had coronavirus last week. For the prior period, one in 65 people were estimated [...]
To infinity and beyond – for $450,000, Virgin Galactic says August 6, 2021 Sir Richard Branson’s Virgin Galactic will charge passengers $450,000 (£323,500) for a seat on one of its space flights, the firm has announced. The company reopened ticket sales last night, just weeks after its founder successfully completed a flight to the edge of space. At $450,000, tickets are now twice the price paid by 600 [...]
