Energy bodies call for boost in grid infrastructure after Ofgem unveils plans for new system operator July 12, 2022 Leading industry bodies have welcomed Ofgem's proposal for a new overseer of strategic planning for the UK's energy system.
Butlin’s sites snapped up for £300m as Brits turn to home turf instead of flying July 12, 2022 The sites of Blackstone-owned holiday resort chain Butlin’s have been snapped up for £300m, in a ground rent deal signalling the continued momentum behind British holiday parks. Chief market analyst at IG Group, Chris Beauchamp, told City A.M. the investment was “a sensible move given the expectation that Brits will be spending less time on [...]
TfL to open first new Overground stop since 2015 July 12, 2022 Transport for London (TfL) will open its first new Overground stop since 2015 on Monday. The 4.5km Barking Riverside extension will connect the area’s new developments to Barking city centre in seven minutes, drastically improving commuting times. A total of four trains per hour will operate along the line, connecting the riverside to the District [...]
MJ Gleeson doubles home sales as appetite for affordable property offsets inflation July 11, 2022 Low-cost housebuilder MJ Gleeson has doubled its home sales in the past five years, leaving significant material and labour cost increases in the dust. In an upbeat trading update today, the company boasted a more than 10 per cent jump in sales to a total of 2,000 in the year to 30 June. “Notwithstanding the [...]
Amazon expects record sales as cash-strapped Brits turn to Prime Day for big ticket purchases July 11, 2022 Amazon is anticipated to smash sales records as cash-strapped Brits turn to the e-commerce titan for its blockbuster Prime Day. Last year, sales during the discount bonanza hit a new record, raking in $11.2bn. Now, the e-commerce giant will be hoping more discount-hungry shoppers than ever will be seeking out the best deals from Tuesday, [...]
Downfall of a Prime Minister: How handling of Chris Pincher scandal spiralled into Boris Johnson’s worst crisis July 10, 2022 An isolated Boris Johnson has agreed to leave Downing Street this September – following haemorrhaging support across the Tory ranks in the wake of the Chris Pincher scandal. The Prime Minister announced his resignation yesterday. After a dramatic wave of Government resignations this week and a slew of former allies withdrew their backing his political [...]
Lloyd’s to stay in iconic headquarters until at least 2031 July 8, 2022 Lloyd’s of London is set to stay in its iconic City of London headquarters until at least 2031, according to new reports that quell rumours the insurer had been planning to leave its purpose-built tower in 2026. There is now “zero chance” the insurer will trigger the lease break clause in its contract with its [...]
Ollie Phillips: England must solve Smith-Farrell conundrum July 8, 2022 Tomorrow’s match against Australia is a must-win for England, having been well beaten in the opening Test of the series in Perth last weekend. They were on top for the majority of the game but just failed to capitalise in the moments where it was pretty even – their two late tries saved face in [...]
The next Tory leader must either open his Red Box or win over the Red Wall July 8, 2022 Six years ago on the eve of the Brexit Referendum vote, I was given the job of following Boris Johnson around the Yorkshire town of Selby. He landed at a former WWII airfield joking that the helicopter pilot should have put on “Ride of the Valkyries” – (think Apocalypse Now) – as he came into [...]
Bye Boris: NI Secretary Brandon Lewis, Treasury minister Helen Whately and Security minister Damian Hinds flee No 10 July 7, 2022 Northern Ireland Secretary Brandon Lewis has resigned around 7am from the Cabinet, telling the Prime Minister that Government requires “honesty, integrity and mutual respect”. Minutes later, Treasury minister Helen Whately has resigned, telling Boris Johnson there “are only so many times you can apologise and move on”. And only moments ago, Security minister Damian Hinds [...]