Kaz Minerals boss raises take private bid to £4.1bn March 26, 2021 The chief executive of FTSE 250 miner Kaz Minerals has raised his offer to take the firm private for a second time, it was announced this morning. Oleg Novachuk, the joint owner of Nova Resources, has tabled a £4.1bn offer for the Kazakhstan-focused firm, up from a previous bid of £3.7bn. Shares in the firm [...]
Car production tumbles again in worst February for a decade March 26, 2021 UK car production fell 14 per cent last month as the sector suffered its weakest February for over a decade. Just 105,008 units rolled off production lines last month, according to new figures released today by the Society of Motor Manufacturers and Traders (SMMT). It was the eighteenth straight month of declining car production in [...]
Decarbonisation could create 1.7m jobs in emissions-heavy regions March 25, 2021 The UK’s transition to low-carbon and renewable energy sources could create 1.7m jobs, but only if the government takes steps to decarbonise the country’s 12 most carbon-intensive industries. Half of the new jobs could be created in the north, Midlands and Scotland, the areas of the UK where such heavily emitting industries are based. The [...]
GameStop shares jump a third on ‘meme stock’ rally March 25, 2021 Shares in video-game retailer GameStop rose a third today as the firm recouped the losses it made earlier this week. The firm is one of several so-called “meme stocks” popular with Reddit retail investors that have made rapid gains today. Headphone maker Koss and cinema chain AMC have also seen big gains as the wallstreetbets [...]
Argentina ‘cannot’ pay back $45bn IMF debt March 25, 2021 Argentina will not be able to pay back its $45bn debt to the International Monetary Fund (IMF), Vice President Cristina Fernandez de Kirchner has said. Speaking at an event yesterday, Fernandez de Kirchner said that the current conditions for paying back the debt were “unacceptable”. If the political parties are not able to articulate a [...]
What’s causing the current global shortage of semiconductor chips? March 25, 2021 The modern world runs on semiconductors; everything from mobile phones to washing machines depends on these tiny microchips. But few industries are so totally dependent on these microprocessors as the automotive sector, as has been proved time and again over the last couple of months. Since the shortage was first flagged at the beginning of [...]
UK greenhouse gas emissions fell nearly a tenth in 2020 March 25, 2021 The UK’s greenhouse gas emissions fell nearly 10 per cent in 2020 as the pandemic saw energy usage from transport use tumble. Overall emissions fell 8.9 per cent over the course of the year, one of the largest falls on record. It is the eighth straight year in which total emissions have fallen. As a [...]
Over half of households now commuting to work again March 25, 2021 More than half of all households could now be travelling to work again, analysis of their daily energy usage shows. According to challenger energy brand Bulb, about 54 per cent of households are now commuting into work, up 13 per cent from the beginning of January. Using data from its smart meters, the company is [...]
UK must install 700 electric vehicle charge points a day to hit 2030 target March 25, 2021 The UK must install 700 electric vehicle (EV) charging points every day for the rest of the decade to support the transition away from the internal combustion engine. From 2030, the government will ban the sale of all new petrol and diesel cars in order to help the country hit its ambitious 2050 climate goals. [...]
En+ sees profit fall a fifth on aluminium price slide March 25, 2021 Metals firm En+ saw its net profit drop 22.1 per cent in 2020, dragged down by lower commodities prices and foreign exchange headwinds. Although the Anglo-Russian firm is not intending to pay a dividend for the past year, it is hoping to resume payouts over the coming year. It added that it had seen an [...]
