Power plant firms pay Ofgem £6m for false reporting August 24, 2021 Two power plant firms have today agreed to pay Ofgem £6m in redress for misreporting the amount of energy they could supply. Between March 2019 and September 2020, ESB Independent Generation Trading and Carrington Power regularly submitted misleading data to National Grid about the minimum amount of energy the Carrington power plant near Manchester could supply. [...]
Tokyo 2020: 10 Paralympics GB medal hopes including Dame Sarah Storey, Jonnie Peacock, Hannah Cockroft, Sir Lee Pearson and Jaco van Gass August 24, 2021 ParalympicsGB enjoyed a stellar Rio 2016 Games, finishing second overall in the medal table with an astounding 147 medals, 64 of those gold. Despite the Tokyo 2020 Games having been pushed back by a year, Britain still boasts a strong squad with plenty of medal prospects. The exclusion of six-time medallist Stephen Miller on the [...]
Abu Dhabi fund set to take stake in broadband challenger Cityfibre August 24, 2021 A group of investors including Abu Dhabi’s sovereign wealth fund is said to be close to taking a stake in Cityfibre in a deal valuing the Goldman Sachs-backed broadband firm at around £2bn. Abu Dhabi’s Mubadala Investment Company and Interogo Holding — the investment arm of the group behind Ikea — are leading the swoop [...]
Business blow: UK-US travel corridor could remain closed until November August 24, 2021 The UK and US travel corridor could remain closed to Brits until late November, according to reports, in a major blow for both business and leisure. Currently, the US is only allowing American citizens, their relatives and a few exempt groups into the country. Virgin Atlantic has already postponed its restart date for its Heathrow to [...]
SEC issues new disclosure rules for Chinese companies to list in New York August 24, 2021 The US Securities and Exchange Commission (SEC) has issued new disclosure requirements to Chinese companies seeking to list in New York amid Beijing’s regulatory crackdown. The SEC has started to give some Chinese companies detailed instructions about greater disclosure of their use of offshore vehicles, known as variable interest entities for IPOs, implications for investors, [...]
Maersk buys eight zero-carbon tankers as green push gathers steam August 24, 2021 Shipping giant Maersk has today taken its biggest yet step towards “greening” its fleet by buying eight new tankers powered by carbon-neutral methanol. Each of the vessels, which will be built by Hyundai Heavy Industries, will be able to carry 16,000 containers. When they hit the water in early 2024 they will save 1m tons [...]
CPP revenue climbs ten per cent in half year results August 24, 2021 CPP Group, a multinational personal protection and insurance provider, has announced solid results for the first half of the year. Group revenue climbed by ten per cent year on year to £66.4m while EBITDA from operations increased by 37 per cent to £2.6m. After seeing a loss for the period of £0.7m in the first [...]
No milkshakes at McDonald’s as supply chain hit by lorry driver shortage August 24, 2021 McDonald’s has confirmed it has run out of milkshakes and bottled drinks at its UK venues amid a national shortage of delivery drivers. The fast food chain confirmed the products were unavailable at its 1,250 restaurants across England, Scotland and Wales due to supply chain challenges. “Like most retailers, we are currently experiencing some supply [...]
Kamala Harris takes aim at China over South China Sea claims August 24, 2021 United States Vice President Kamala Harris has accused China of coercion and intimidation in the South China Sea. “Beijing’s actions continue to undermine the rules-based order and threaten the sovereignty of nations,” Harris said in a speech in Singapore. She added that America would stand with its allies in the face of threats. China has [...]
Boots launches Deliveroo partnership from today August 24, 2021 Boots has announced it is exclusively partnering with Deliveroo to provide health and beauty products to consumers’ doors. The partnership will launch at 14 pilot stores across the country including in Edinburgh, London and Nottingham. Sales on the retailer’s website were up 85 per cent between 1 March 2020 and 1 March 2021 compared to [...]
