Hammersmith Bridge to reopen to pedestrians and cyclists this weekend July 15, 2021 The Hammersmith bridge will reopen to pedestrians and cyclists this weekend, Hammersmith & Fulham council have announced this afternoon. Last August the crossing was closed to all users amid fears of a “catastrophic failure” after a heatwave enlarged cracks in the structure. But after a series of safety investigations and the introduction of a temperature control [...]
Boris Johnson: State will lead the way in making UK investment destination July 15, 2021 Boris Johnson has today said that the government will lead the way in turning the whole of the UK into an attractive investment direction as part of its “levelling up” plan. Speaking today in Coventry, the Prime Minister said that it was the state’s responsibility to create the conditions for business confidence to encourage private [...]
Exclusive: Consumers most worried about climate change despite government pledges July 15, 2021 Despite the recent mountain of pledges from governments and businesses, consumers have identified climate change as the issue about which they are least optimistic, City A.M. can reveal. A new sustainability survey from Public First and Brodie shows that in the UK, “climate anxiety” is at the top of customers concerns, with a net optimism [...]
Airline shares fall as Balearics moved to amber, MPs call for furlough extension July 15, 2021 Airline shares took another fall this morning as the industry reacted with dismay to the announcement that the Balearic Islands would be added back onto the “amber list” from Monday. The decision to reimpose additional restrictions on the popular holiday destination comes just weeks after Majorca, Menorca and Ibiza were added to the “green list”. [...]
Sydney Airport rejects $17bn buyout offer July 15, 2021 Sydney Airport has this morning rejected a $16.6bn buyout offer from a group of infrastructure fund, foiling what would have been one of Australia’s biggest takeovers. The firm behind the airport said that its board had unanimously rejected the bid as undervaluing the firm and not being in the best interest of shareholders. The offer [...]
Semiconductor shortage to begin to ease this quarter, says TSMC July 15, 2021 The world’s largest semiconductor firm today suggested there could be a chink of light for embattled carmakers, which have been hamstrung by a shortage of the chips. Speaking to analysts after it revealed record quarterly sales, Taiwan’s TSMC said that the current supply crisis would gradually begin to ease from this quarter. However, auto giants [...]
Gigafactory firm Britishvolt mulling London listing July 15, 2021 The firm behind the UK’s first battery gigafactory for electric cars has said it is now considering a London listing by the end of next year’s second quarter. In an interview with Bloomberg, Orral Nadjari, the chief executive of Britishvolt, said that the recent overhaul of London listing rules was behind the decision. Britishvolt had [...]
Water firms turn on taps with £2.7bn investment pledge July 15, 2021 The UK’s water companies will pour a total of £2.7bn into environmental improvements over the next five years, it was announced this morning. On top of £1.9bn of pre-planned spending, sector regulator Ofwat has this morning approved an extra £793m of investment. The watchdog said that the additional spending would “allow water companies to take [...]
EU to ban petrol car sales by 2035 and slash aviation fuel tax exemption in massive climate push July 14, 2021 The EU today unveiled a huge package of climate-based reforms including an effective ban on the sale of new petrol and diesel vehicles from 2035. Under the proposals, the European Commission said it was targeting a 100 per cent reduction in emissions from cars by the middle of the next decade. In order to push [...]
Questions pile up for Gupta after ‘deeply discourteous’ inquiry snub July 14, 2021 MPs on the parliamentary business committee have written to steel tycoon Sanjeev Gupta criticising his “deeply discourteous” decision not to appear before an enquiry into embattled Liberty Steel. They also questioned the “unusual extent to which you personally control the finances of Liberty Steeland its associated companies”. Gupta is the chief executive and chairman of [...]
