Grant Shapps gave private ‘assurance’ to top Tory about scrapping of £3bn HS2 branch from bill April 7, 2022 A proposed £3bn branch of HS2 linking Crew and Manchester with the west coast may be scrapped, the transport secretary reportedly told a senior Tory MP. The government insists no decisions have been made about the Golborne Link element of the project, despite claims Grant Shapps privately promised the chair of the 1922 committee, Sir [...]
Impact Capital Group snags approval for £350m development in Romford April 7, 2022 Impact Capital Group has snagged the first stage of approval for an ambitious £350m development in the heart of Romford, which will create new homes close to the forthcoming Crossrail station in Romford. Proposals will next be forwarded to the GLA for the second stage of approval and are subject to the finalisation of a [...]
Airports face two months of disruption amid staff shortage crisis April 7, 2022 Passengers are facing two months of disruption at UK airports as bosses struggle to recruit new staff and covid rips through the workforce.
Workspace posts slow but steady recovery amid hybrid office return April 7, 2022 Workspace Group makes a bounce back, with like-for-like occupancy for office space up three per cent thanks to SMEs demand.
Marshalls raises £187m to help fund Marley takeover April 7, 2022 Marshalls has raised £187m in an accelerated bookbuild, to help fund a more than £500m acquisition by the landscaping materials business. The capital raise offered nearly 29m shares for some 650p apiece and represented 11.4 per cent of its enlarged share capital. The takeover of the Marley Group, from Inflexion Buyout V Investments, will cost [...]
House prices jump to record £282,753 amid highest inflation since mid-2007 April 7, 2022 The average price of a home has jumped 11 per cent over the past year to a new record figure, according to the Halifax House Price Index. The average price of a house is now £282,753, a steep increase of £43,577 in just two years after the UK’s first Covid-19 lockdown. Prices have increased 1.4 [...]
Ericsson exec Peter Laurin announces departure as supposed ISIS payment investigation continues April 7, 2022 Ericsson announced this morning that its Senior Vice President Peter Laurin has decided to leave the company to pursue other opportunities.
FCA lays out three year plan to increase ‘enforcement and intervention’ April 7, 2022 The City watchdog has laid out a new three year regulatory strategy today to sharpen its efforts to protect consumers and increase its powers of “enforcement and intervention”.
The drinks diaries: An experimental new whisky and ready mixed cocktails April 7, 2022 Whiskymakers Compass Box are well known for their mischievous approach to the rules governing the production of Scotch whisky. While some might regard these as necessary impediments to creativity, Compass Box takes apparent delight in tweaking the nose of the establishment, sometimes making whiskies that seem to be a calculated riposte to figures in authority [...]
Shell to weather up to $5bn hit from Russia write downs April 7, 2022 Energy giant Shell said it could weather a $5bn hit in the first quarter after its decision to cut ties with Russia following its invasion of Ukraine.
