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. The UK’s first new nuclear power plant for 20 years could be delayed again, after trade unions for construction staff working on the £20bn Hinkley Point C project announced a ballot for strike action in a dispute over pay. ... [Read full article on Guardian ]
Thursday 21st of September 2017 05:29:27 PM
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....”. Another company with problems is construction and support services company Carillion. ... [Read full article on Guardian ]
Sunday 24th of September 2017 08:59:27 AM
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....The UK’s antislavery body has launched 185 investigations since May, nearly double its total for the whole of last year, after assuming powers that allow it to look beyond the food and farming sector. The Gangmasters and Labour Abuse Authority (GLAA) is scrutinising the treatment of workers in carwashes, construction, textile manufacture, cleaning and warehouse operations. ... [Read full article on Guardian ]
Sunday 24th of September 2017 03:35:47 PM
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Latest Finance News related to Construction

Caseload almost doubles at UK antislavery body as remit widens image
Source : Guardian [Read Article] Sunday 24th of September 2017 03:35:47 PM
....The UK’s antislavery body has launched 185 investigations since May, nearly double its total for the whole of last year, after assuming powers that allow it to look beyond the food and farming sector. The Gangmasters and Labour Abuse Authority (GLAA) is scrutinising the treatment of workers in carwashes, construction, textile manufacture, cleaning and warehouse operations. ...
Hinkley Point C: fresh strike threat over pay dispute image
Source : Guardian [Read Article] Thursday 21st of September 2017 05:29:27 PM
. The UK’s first new nuclear power plant for 20 years could be delayed again, after trade unions for construction staff working on the £20bn Hinkley Point C project announced a ballot for strike action in a dispute over pay. ...
California’s big battery experiment: a turning point for energy storage? image
Source : Guardian [Read Article] Friday 15th of September 2017 06:00:02 AM
.... That makes them easy to slip into populated urban areas, where electricity users are clustered. That ease of gaining permission and of construction made it possible for California to deal with the Aliso Canyon shortfall in months rather than the years needed for traditional gas plant construction. ...
Build-to-rent – the solution to Britain's housing crisis? image
Source : Guardian [Read Article] Thursday 14th of September 2017 05:00:33 AM
....About 16% of the tenants already living at Wembley Park – a third rental block has just been completed – are key workers such as nurses, teachers, soldiers and police officers. More than 1,300 homes have been built and a further 3,000 are under construction. ...
Brexit is a great British bore. Europe has moved on, and the UK should be worried   | Guntram Wolff image
.... There is a problem of approach. The EU is a construction based on laws and detailed process. ...
Public sector employers 'preparing to hire at fastest pace since 2015' image
Source : Guardian [Read Article] Monday 11th of September 2017 11:01:19 PM
.... But the TUC general secretary, Frances O’Grady, has said removing the cap could help to alleviate some pressure on the government’s benefit bill, while also helping to raise pay in the private sector to boost the economy. The recruitment firm also highlighted greater levels of hiring in construction after the fire at Grenfell Tower led to greater checks and more maintenance work on social housing. ...
Hinkley nuclear power is being priced out by renewables | Nils Pratley image
Source : Guardian [Read Article] Monday 11th of September 2017 06:12:14 PM
....By contrast, nuclear – a technology that has been around for half a century – seems to only become more expensive in a world of tighter safety regulation. Hinkley Point’s construction tripled between conception and contract, remember. ...
Hello dolly: the classic toys making a comeback image
Source : Guardian [Read Article] Monday 11th of September 2017 06:00:00 AM
.... “Children do not see technology as such – it is just part of their world,” he says. “So imagination and creativity, role play, action and construction are just the same as in the ages of clockwork, electricity and older electronics. ...
To understand the UK's low-pay crisis, Mark Carney needs to get out more | Phillip Inman image
.... They seem to ignore the fact that the job market is stratified and regional and the answer to a chronic labour shortage is not necessarily higher pay. In the construction industry a shortage of specialist staff, which cannot be met by the current pool of skilled workers, has forced building firms to delay projects. ...
UK exports outside EU fall despite weak pound image
Source : Guardian [Read Article] Friday 8th of September 2017 10:42:19 AM
.... At the same time the eurozone is showing signs of outpacing the UK as the fall in sterling fails to lift exports as much as expected. The Office for National Statistics added to the gloomy economic news with data showing that the manufacturing sector remained “subdued” in July and the construction industry suffered a large drop in new orders in the three months to the end of June, especially in the housebuilding sector. ...
Bell Pottinger could go under within days, sources claim image
Source : Guardian [Read Article] Thursday 7th of September 2017 06:47:15 PM
....The scandal has pushed clients to reconsider their use of Bell Pottinger. In all, almost a dozen clients have now parted ways with the agency including HSBC, Clydesdale, TalkTalk, construction group Carillion, Richemont, Investec and mining group Acacia along with Unite, the listed student accommodation group. ...
Amazon seeks prime North American spot for second headquarters image
Source : Guardian [Read Article] Thursday 7th of September 2017 03:06:03 PM
....The pitch to cities from Amazon is simple: the company will bring highly skilled employment worth billions to the local area. Amazon says the second HQ will include “as many as 50,000 high-paying jobs”, and notes that the construction and economic impact of the building “is expected to create tens of thousands of additional jobs and tens of billions of dollars in additional investment in the surrounding community”. ...
Bell Pottinger could close by end of the year without fresh finance image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:25:01 AM
....“Ascential reviews its global PR roster on an ongoing basis to ensure all continue to deliver exceptional work and value for the company and our products,” the company said. It has also been reported that the Singaporean investment company Temasek hadended its relationship with Bell Pottinger, adding to a string of departures including Clydesdale Bank, the construction company Carillion, HSBC, TalkTalk, Richemont, Investec and Acacia, which owns goldmines in Tanzania. ...
Leaked immigration plans ‘catastrophic’ for industry, say employers image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:16:38 AM
....Perrins said about 200,000 workers are needed to build housing in London to address the shortage of new homes. Steve Turner, of the Home Builders Federation, said as many as 70% of workers on some construction sites in the capital hail from abroad, mainly from within the EU. ...
Bell Pottinger loses clients and staff in wake of South Africa scandal image
Source : Guardian [Read Article] Tuesday 5th of September 2017 05:13:28 PM
....Bell Pottinger is facing a fight for survival as a string of clients and senior staff quit in the wake of the scandal over its secret campaign to stir up racial tensions in South Africa. Clydesdale Bank, the construction company Carillion, HSBC and TalkTalk revealed on Tuesday that they had stopped working with Bell Pottinger. ...
UK service sector growth slows as car sales fall dramatically image
Source : Guardian [Read Article] Tuesday 5th of September 2017 02:36:00 PM
....“It’s difficult to see anything immediately on the horizon that will nudge the index out of its fairly flat performance,” he said. Jeremy Cook, chief economist at foreign exchange dealer WorldFirst, said that together with the PMIs for manufacturing and construction, “the services number indicates a quarterly UK GDP rate of 0. ...
Bell Pottinger investor walks away as South Africa row deepens image
Source : Guardian [Read Article] Tuesday 5th of September 2017 11:46:30 AM
.... “We don’t comment on specific supplier relationships,” said a spokeswoman, who refused to elaborate further. Bell Pottinger has already lost at least five clients over the furore: Richemont, the Swiss luxury company headed by South African businessman Johann Rupert; Investec, the South African investment group; and Acacia, which owns gold mines in Tanzania; Clydesdale Bank; and construction firm Carillion. ...
Progressives take note: Brexit means Brexit, so let’s create a vision for it | Ivan Lewis image
....The consequence of that historic vote is the greatest peacetime challenge facing our country. Brexit will require the equivalent of a postwar reconstruction of our country and its relationship with the rest of the world. ...
Bell Pottinger: key players and controversial clients image
Source : Guardian [Read Article] Tuesday 5th of September 2017 05:25:02 AM
....Lord Bell, Margaret Thatcher’s favourite PR man when she was prime minister, co-founded Bell Pottinger in 1987. The agency has standard corporate clients, such as the construction group Carillion and the car dealership Lookers, but over the past three decades it has also taken on highly sensitive geo-political PR accounts and other controversial clients. ...
North Korea tensions ripple through global financial markets image
Source : Guardian [Read Article] Monday 4th of September 2017 05:50:06 PM
....On the currency markets, it was a poorer day for the pound. It fell against the euro and the dollar as economic data showed the UK construction industry was flirting with recession. ...
Proper carbon tax could wipe billions from polluters' profits image
Source : Guardian [Read Article] Monday 4th of September 2017 06:01:05 AM
....The analysis points to the immense scale of the challenge to curb the effects of climate change and comes as a warning to intensive users of natural resources that their profits are at risk. Such companies, including those in the construction, steel and commodity chemicals sectors, could see profits fall by 80%. ...
Grand Designs' Kevin McCloud seeks to raise £50m to build 600 homes a year image
....8% a year over a five-year period. The money will be used to buy land and start construction on houses, mostly in the south-west of England, that McCloud promises will be “a pleasure to live in”. ...
China’s clout has few limits. Shouldn’t we be worried about its new Silk Road? | Tom Miller image
.... Beijing talks of 65 or so countries belonging to the initiative, but there is no definitive list. It is diplomatic shorthand describing Chinese financing, investment and construction across much of the developing world. ...
Bank of England's talk of rate rise while winding down QE beggars belief | Phillip Inman image
....It is true that some industries are already screaming for skilled staff. The construction industry is certainly under pressure to find people to fill the holes left by departing Polish and Lithuanian workers. ...
Aberdeen joins councils raising money by selling bonds as cuts bite image
Source : Guardian [Read Article] Thursday 31st of August 2017 05:27:32 PM
.... Aberdeen is one of a handful of councils to raise money by selling bonds, raising £370m in November 2016 to help finance a £1bn capital spending programme. Stephen Boyle, RBS’s chief economist, Hanan Morsy, an economist at the European Bank for Reconstruction and Development, and Douglas Peedle, chief economic adviser to Jersey, will sit on the panel of experts. ...
Private firms poised to make another £1bn from building NHS hospitals image
Source : Guardian [Read Article] Tuesday 29th of August 2017 11:01:11 PM
....7m) in pre-tax profit on the money paid to it by the trust between 2010 and 2015. The returns are high even though the risks are low once construction is completed, as the government guarantees the payments, save in exceptional circumstances. ...
Total Harvey cost could be as high as $100bn, says insurance expert image
Source : Guardian [Read Article] Tuesday 29th of August 2017 12:18:16 PM
....“The slow-moving nature of the storm will likely lead to these shutdowns continuing in coming days and may generate persistent damage as well,” Damien Courvalin, the head of energy research at Goldman Sachs, said in a note on Monday morning. Apart from energy, the construction and shipping industries will bear the brunt of the commercial damage, according to the Lloyd’s of London insurance market. ...
Santorini's popularity soars but locals say it has hit saturation point image
Source : Guardian [Read Article] Monday 28th of August 2017 03:07:24 PM
....“Competition brings development to a place, improves standards and self-regulates,” he enthuses, glancing approvingly at a group of pale Chinese tourists shading themselves under umbrellas in the central square in Fira. “Santorini must be saved, it must not be destroyed … but banning construction and prohibiting permits is not the way to do it. ...
A million skilled EU workers see their future outside Britain image
Source : Guardian [Read Article] Saturday 26th of August 2017 11:05:49 PM
.... KPMG describes those most likely to leave as “the independent, in-demand, educated and young”. The problem is particularly serious for companies that have relied on young talent, especially at higher-income levels in sectors such as engineering, construction, property, business services, law and IT – 53% of people working in IT said they would leave or were considering doing so. ...
All aboard the north’s rail powerhouse image
Source : Guardian [Read Article] Saturday 26th of August 2017 02:59:39 PM
....A meeting between old foes Grayling and London mayor Sadiq Khan on 18 July at City Hall was unexpectedly productive. New hurdles were set: the capital would have to raise more money to fund construction, and review its plans. ...
UK consumer spending growing at weakest rate in nearly three years image
Source : Guardian [Read Article] Thursday 24th of August 2017 10:57:53 AM
.... With inflation at close to peak levels, the Bank of England could be put off from raising interest rates before late 2018, or even early 2019, according to Archer. Britain’s dominant services sector continued to drive the economy, offsetting a slump in construction and manufacturing. ...
Why ECB president is still flooding the system with cheap money image
Source : Guardian [Read Article] Wednesday 23rd of August 2017 06:17:13 PM
....To emphasise the point, eurozone economic surveys for July were buoyed by improvements in manufacturing output while employment continued to grow and business investment remained stable. The data provider Markit said its combined purchasing managers’ index, which covers manufacturing, services and construction industries, edged higher from 55. ...
Putting the fun in functional: will Arket revitalise the high street? image
Source : Guardian [Read Article] Wednesday 23rd of August 2017 05:00:05 AM
....Rather than fighting against online retail, the high street is bringing shopping to life, offering an interactive, fully realised version of what drew consumers to digital. Consumers who love the speed and efficiency of online shopping are being targeted by Arket’s reference-number system: if you buy a navy sweater and wish to replace it two years later, enter the digits from the care label into a terminal in the store (or online) and it will direct you to current versions of the garment and explain any differences in fabrication and construction. ...
China's Dalian Wanda drops purchase of Nine Elms Square in London image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 08:38:07 AM
....China’s largest commercial property company has pulled out of a £470m purchase of Nine Elms Square in south-west London after pressure from regulators in Beijing over its overseas investments. A joint venture between St Modwen Properties and construction firm Vinci had exchanged contracts to sell the 4-hectare (10-acre) site, previously home to the New Covent Garden flower market, to Dalian Wanda’s Hong Kong division in June. ...
Countryside faces ‘fuel poverty’ crisis image
Source : Guardian [Read Article] Saturday 19th of August 2017 11:05:26 PM
....”. Solid walls leak heat much more quickly than modern double wall constructions – in rural areas, 20. ...
China moves to curb overseas acquisitions as firms' debt levels rise image
Source : Guardian [Read Article] Friday 18th of August 2017 05:32:17 PM
....It also cited unspecified security risks for Chinese companies investing abroad, but did not give any further details about how it planned to strengthen rules or why it was concerned about corruption and unhealthy competition between companies. The UK government approved Chinese state-backed investment in the construction of the £18bn Hinkley Point C nuclear power plant in September, after Theresa May unexpectedly placed the controversial scheme in Somerset under review, causing tensions with Beijing. ...
The fallout from Trump closing down his advisory panels is just beginning | Nils Pratley image
....Balfour Beatty is turning into an impressive turnaround story. After issuing six profits warnings between 2012 and 2015, the construction firm is showing that even supposedly toxic problems can be washed out of the system with the help of time and common sense. ...
Have we gone too far in vilifying landlords? | Patrick Collinson image
Source : Guardian [Read Article] Saturday 12th of August 2017 06:00:37 AM
....Around the same time, banks were loosening their lending criteria, offering multiple jumbo-sized loans, sometimes with little verification of the borrowers, and interest-only deals to keep repayments cheap. Add to the mix a reduction in social housing, low levels of private home construction, a loss of confidence in personal pensions, low interest rates and the huge increase in net inward migration after 1997, and you get near-perfect conditions for an explosion in the private rented sector. ...
'Hold my avocado': can you pick the real millennial catchphrases? - quiz image
....Time magazine has been laughed at on Twitter for suggesting that the phrase “hold my avocado” is the new viral millennial catchphrase. The magazine said the sentence was so powerful because it “takes advantage of the ‘hold my beer’ dialogue construction that’s become an internet joke to represent how politicians, brands, or other entities play a race-to-the-bottom game of putting their feet in their mouths”. ...
UK defence contractor billed US more than $50m in expenses image
Source : Guardian [Read Article] Wednesday 9th of August 2017 09:56:22 PM
....McCaskill’s disclosure of the audit’s key findings is a rare glimpse into the opaque world of battlefield contracting. Contractors are indispensable in Afghanistan, handling security, transportation, construction and more. ...
Trial to phase in hydrogen as fuel to begin in north-west image
Source : Guardian [Read Article] Sunday 6th of August 2017 11:01:05 PM
....Whether the project goes ahead depends on tests underway on a private gas network at Keele University to identify how much hydrogen can safely be mixed in with methane for heating. An investment decision in the early 2020s would mean construction starting in the middle of the next decade. ...
Crane spotters predict leaner times for UK builders image
Source : Guardian [Read Article] Sunday 6th of August 2017 11:01:05 PM
....“Construction firms are still reporting that activity remains high and there are still lots of cranes around,” said Noble Francis, the CPA’s economics director. “But there are clear signs that construction output is slowing and that next year in particular will be difficult for the industry. ...
Brexit-fuelled boom gives Dublin’s Celtic Tiger a reason to roar image
Source : Guardian [Read Article] Sunday 6th of August 2017 09:42:50 AM
....“There is as much work as you want,” says one south Dublin electrician, who wanted to remain anonymous to avoid upsetting his clients. At the peak of the Irish construction boom in 2006 his company, which he owns jointly with his father, employed 14 other electricians. ...
US jobs report: Trump given good news as economy adds 209,000 jobs in July image
.... Healthcare employment increased by 39,000. Job growth in higher-paid sectors including construction, manufacturing and mining was marginal. ...
First Choice compensation for holiday horror was the last thing on its mind image
.... Four days before departure I received an email from the travel operator, First Choice, informing me there was upgrade work at the hotel and assuring me that this would not affect our stay. When we arrived, however, parts of the complex resembled a construction site. ...
House prices: THIS location factor can boost home values by 22 PER CENT  image
Source : Daily Express [Read Article] Monday 31st of July 2017 03:33:00 PM
...."The main National Parks in England also have easy access to major employment centres. "Development is also controlled, with limited new housing construction, which also helps to explain why prices tend to be relatively high. ...
UK buyers 'pay 22% premium' to live in national park image
Source : Guardian [Read Article] Monday 31st of July 2017 01:58:21 PM
.... Towns and villages within the park include Ashurst, Lyndhurst and Brockenhurst. Andrew Harvey, senior economic analyst at Nationwide, said one of the reasons why prices tended to be relatively high was that there were often strict controls on development in national parks, with limited new housing construction. ...
Wartime bombs and mines fail to stop cross-Channel power cable image
Source : Guardian [Read Article] Sunday 30th of July 2017 01:36:03 PM
.... That’s being treated by the French government as archaeology, and as soon as they designate as archaeology, a 100-metre exclusion zone is put through the whole thing,” he said. After works started in October 2015, Nemo Link is now around halfway through construction, and due to be operational in January 2019. ...
Amtrak's $630m Trump budget cut could derail service in 220 US cities image
....With wrangling over the transportation budget ongoing in Washington, campaigners received hopeful news this month when the House appropriations committee released a 2018 funding bill that included $1. 4bn for Amtrak – coincidentally, the same amount Trump requested for initial construction of his border wall. ...
Victory! New-build leaseholds banned … but what of those already trapped? image
.... These practices are unjust, unnecessary and need to stop”, and that they are “an unjustifiable way to print money”, he told BBC Radio 4’s Today programme that there were not as yet any definite government plans to compel builders to take action to assist those already affected. Javid pointed to the £130m assistance scheme set up by Taylor Wimpey as an example to other developers – but critics say it does not go far enough as it does nothing to protect those people who bought on Taylor Wimpey estates a few years after construction. ...
Crossrail firm fined £1m over worker's death and other safety breaches image
....Health and safety investigators found that “simple measures” to provide safe exclusion zones would have prevented all three incidents. The contractors, Bam Ferrovial Keir (BFK), a joint venture of three construction companies led by Bam Nuttall, pleaded guilty to three offences at Southwark crown court. ...
How about a little accountability for economists when they mess up? | Dean Baker image
.... The record vacancy rate – even before the crash – might also have been a red flag, especially to people who believe in supply and demand determining prices. Also, the fact that housing was driving the economy was clear from the record share of residential construction in GDP, as well as an unprecedented consumption boom driven by housing wealth. ...
TNT parcels 'backed up to ceiling' in wake of massive cyberattack image
Source : Guardian [Read Article] Tuesday 25th of July 2017 05:34:00 AM
....Earlier this month the Danish shipping group Maersk said it was too early to predict the financial impact of the cyberattack that hit the shipping giant’s computers and delayed cargoes. Other firms affected include the advertising firm WPP, French construction materials company Saint-Gobain, and Russian steel and oil firms Evraz and Rosneft. ...
Revealed: the insidious creep of pseudo-public space in London image
Source : Guardian [Read Article] Monday 24th of July 2017 06:30:29 AM
....As things stand, corporate authority over who can and can’t access open spaces in the capital is only set to grow. Nearly all of the city’s ongoing major redevelopment projects, from the mammoth Nine Elms neighbourhood in Battersea to new construction in Elephant and Castle and at Shoreditch’s Bishopsgate Goods Yard, is set to include new pseudo-public space, but details of what rights Londoners will enjoy there – or the ways in which they can expect to be policed – remain a mystery. ...
How has Brexit vote affected UK economy? July verdict image
Source : Guardian [Read Article] Monday 24th of July 2017 05:01:27 AM
....UK firms had a tougher time in June than was expected, with business activity growing at its weakest pace for four months. Growth slowed in all three key areas of manufacturing, construction and services according to the Markit/CIPS purchasing managers’ indices (PMIs). ...
Business secretary to announce investment in battery technology image
Source : Guardian [Read Article] Sunday 23rd of July 2017 11:01:20 PM
....Richard Parry-Jones, formerly of the UK Automotive Council, will chair a board overseeing the investment. Clark will also confirm another £25m to be allocated to research and development of connected autonomous vehicles, this time on schemes for off-road, driverless vehicles destined for construction, farming and mining. ...
Number of firms issuing profit warnings falls - but there may be worse to come image
....Seven general retailers issued warnings, followed by six software and computer services companies and six service sector businesses. After the construction sector hit a two-year high six months ago, three further companies have issued profit warnings, with signs that political uncertainty is slowing activity and denting confidence. ...
HS2 cost concerns as NAO uncovers £2.7m in redundancy payouts image
Source : Guardian [Read Article] Wednesday 19th of July 2017 02:41:26 PM
....6bn, were awarded for civil engineering works, including a £1. 4bn award to troubled construction firm Carillion. ...
How could we cope if capitalism failed? Ask 26 Greek factory workers | Aditya Chakrabortty image
.... The owners of their parent company had gone bust and abandoned the site, in the second city of Thessaloniki. From here, the script practically wrote itself: their plant, which manufactured chemicals for the construction industry, would be shut. ...
HS2 supporters boast of benefits – but costs keep going off the rails | Nils Pratley image
. ‘HS2 was always designed to be much more than just a high-speed railway and today we can see the opportunities it brings right around the country – spreading prosperity, acting as a catalyst for investment and rebalancing our economy 10 years before the railway even opens,” said David Higgins, chairman of the high-speed railway, as the first construction contracts were awarded on Monday. ...
HS2 contracts worth £6.6bn awarded by UK government image
Source : Guardian [Read Article] Monday 17th of July 2017 08:08:45 AM
....The government has awarded £6. 6bn in contracts to build the new high-speed HS2 railway between London and Birmingham, to companies including crisis-ridden construction firm Carillion. ...
Prefab sprout: off-the-peg homes bid to ease UK housing crisis image
Source : Guardian [Read Article] Saturday 15th of July 2017 07:00:00 AM
....In Richmond, south-west London, the future opened its doors on Wednesday, with the first of hundreds of housing units to be built by L&G, driven down the A1 and placed on site in just a couple of hours. The housing association that has ordered the homes, RHP, buys them off-the-peg for at least 15% below the standard cost for onsite construction. ...
Carillion has 'no future without rights issue of at least £500m' image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:20:18 AM
.... But a small group of bankers were about to have their weekend ruined by a summons to an emergency meeting in London’s Maddox Street. Board papers had been delivered to the homes of the directors of Carillion, a FTSE 250 business best known as a builder that works on huge construction projects, and the documents contained disturbing news. ...
Pearson picks up $1bn from Penguin – but no treat for investors | Nils Pratley image
.... The proceeds on both occasions look OK – but neither disposal would have been necessary if the core business had been fixed. Another day, another share price plunge for Carillion, the construction contractor that on Monday whacked its shareholders with a £845m provision. ...
Left hanging on as Virgin and Bellway pass the buck for new phone line image
.... So many residents on new estates are stranded for weeks without connections that Openreach, which along with Virgin installs the nation’s telecoms infrastructure, has had to dedicate a complaints site to them. In your case, however, Virgin told me that its hands were tied because Bellway had another few weeks of construction work to finish and it could not lay cabling until it was done. ...
How economics became a religion | John Rapley image
Source : Guardian [Read Article] Tuesday 11th of July 2017 05:00:01 AM
....Noting that pure theory was making economics more remote from day-to-day reality, he said the problem lay in “the palpable inadequacy of the scientific means” of using mathematical approaches to address mundane concerns. So much time went into model-construction that the assumptions on which the models were based became an afterthought. ...
Carillion boss steps down as shares crash 40% image
Source : Guardian [Read Article] Monday 10th of July 2017 09:40:51 AM
. The chief executive of construction and support services company Carillion has stepped down as the firm warned on profits and scrapped its dividend following a Brexit-related slowdown in orders, news which sent its shares plunging almost 40%. ...
Heathrow hotel operator drafts £6.7bn cheaper third runway plan image
Source : Guardian [Read Article] Sunday 9th of July 2017 02:42:29 PM
....An industry insider said that Arora’s proposal for a short runway further towards London sounded similar to a proposal rejected in 2010 because of concerns over noise and the implication for property in local communities. The Department for Transport said: “This will not be expansion at any cost but the right scheme at the right price, and we expect industry to work together to drive down construction costs for the benefit of passengers. ...
Camden Town Brewery founder insists big can also be beautiful image
Source : Guardian [Read Article] Saturday 8th of July 2017 03:00:11 PM
....”. The first batches of Camden Hells are already bubbling away in giant stainless-steel vessels but ancillary areas, including the visitor centre, are still under construction, with teams of tradespeople working furiously before the grand opening on 29 July. ...
US jobs report shows sharp recovery in June but wage growth remains slow image
....Once again, the largest growth areas were in low-paying service industry jobs, and not in the higher-paying blue-collar industries Trump has pledged to support. Mining, an area in which Trump has promised to bring back jobs, added 8,000 positions over the month, but manufacturing and construction saw little change. ...

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