COP 26: Six in ten people support ban on finance firms making profits from fossil fuels November 9, 2021 A majority of people in the UK believe finance firms should be prevented from profiting from fossil fuel extraction, according to a new survey from Opinium. The poll shows that six in ten British people oppose banks, insurers and other finance firms making a profit from the digging up of coal, oil and gas. Opinium [...]
Rolls-Royce gets £195m funding for reactor plan November 9, 2021 Rolls-Royce’s share price rocketed by as much as five per cent on Tuesday after the engineering company secured £195m in private funding for a small-scale nuclear reactor project in the UK. Shares in the jet engine maker closed up 3.6 per cent at 146p by close of play, also buoyed by the return of leisure [...]
Shepherd Neame reports strong recovery as pandemic restrictions end November 9, 2021 Shepherd Neame is brewing a comeback as demand recovers following the end of pandemic restrictions. Its full-year results reveal consumer appetite has been robust in a recovering market, with retail pubs achieving 62 per cent of 2019 sales between 12 April and 16 May when pubs re-opened outside, and 97 per cent of previous sales [...]
Watches of Switzerland raises guidance after strong UK performance November 9, 2021 Watches of Switzerland Group has raised its guidance for the full year following improved revenues, increasing product demand and robust UK performance. The company is now expecting revenues of £1.15-£1.20bn for the full-year, an upgrade on previous estimates of £1.05-£1.10bn. The watch vendors told investors on that group revenues rose by 44.6 per cent to [...]
RMT rouses Caledonian Sleeper staff into new wave of ins November 9, 2021 RMT has confirmed a two-day strike is going ahead this week on the Caledonian Sleeper in Scotland. Workers on the sleeper service have been roused into action for the fourth time following a protracted pay dispute with Serco. The industrial action takes place between 11th and 13th November. The train provides overnight journeys from London [...]
Touchstone Exploration’s shares soar after new light oil discovery November 8, 2021 Touchstone Exploration has discovered light oil through the first of three planned production tests at its Royston-1 exploration well in Trinidad. It is the fourth successful well in the company’s Ortoire Block, following discoveries of hydrocarbons at COHO, Cascadura and Cascadura-Deep. The company’s shares rose by 25.5 per cent today, trading at a peak of [...]
Rolls-Royce to unveil funding for smaller UK nuclear reactors November 8, 2021 Rolls-Royce will announce it has successfully raised the required funds to start building its smaller scale nuclear reaction project in the UK. The aerospace company is leading a consortium of investors for a new smaller nuclear reactor project, based on technology used in nuclear submarines. The plan is to initially build four small modular reactors [...]
Chelsea v Liverpool to mark return of safe-standing in the top flight November 8, 2021 Chelsea FC will host the first safe-standing football match in the top flight for nearly three decades. The London club will play Liverpool at Stamford Bridge on January 2 with thousands of fans able to stand up throughout the game. The Blues’ application to be part of a safe-standing trial has been approved by sports [...]
Yü are welcome here: Ampoweruk’s customers rescued by independent supplier November 8, 2021 Yü Group is taking on over 8,000 customers stranded by Ampoweruk’s collapse last week. It has on-boarded the customers through Ofgem’s supplier of last resort process. They will join the firm on Sunday 7 November. Ampoweruk ceased trading last week alongside three other energy firms. The UK energy sector has been struggling with soaring wholesale [...]
Under-fire Liberty Steel owner Sanjeev Gupta faces French investigation November 8, 2021 French authorities are investigating Sanjeev Gupta’s business dealings, according to The Financial Times. Gupta is the chairman and CEO of GFG Alliance, which specialises in mining, industry and trading. The firm has been struggling with rising energy costs and the collapse of Greensill Capital which funded many of its acquisitions worldwide. The Paris Prosecutor’s Office [...]
