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....Being one of the first, it's now at the end of its life and has to be removed. Brent Delta is the first major piece of infrastructure to be decommissioned in the North Sea. ... [Read full article on BBC ]
Friday 28th of April 2017 05:07:21 PM
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....The committee also said local authorities should prepare land for home building. That would include providing the infrastructure needed, such as roads and public transport. ... [Read full article on BBC ]
Saturday 29th of April 2017 01:27:41 AM
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....The much-discussed border tax that would put a tariff on imports - favoured by House Speaker Paul Ryan - will not be in the plan. And nor will Mr Trump's $1tn (£779bn) infrastructure improvement plan feature. ... [Read full article on BBC ]
Wednesday 26th of April 2017 12:20:53 PM
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....“I want my money to be used to drive positive change,” says Murrall-Smith, who is the mother of two boys aged three and one. “Triodos funds infrastructure projects such as renewable energy and low-carbon social housing, which I see as paramount. ... [Read full article on Guardian ]
Saturday 29th of April 2017 06:00:22 AM
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....The US remains an economic and military superpower, but it was the Chinese and not the American economy that hauled the world out of recession in 2008-09. American attempts to prevent China setting up an Asian infrastructure bank failed. ... [Read full article on Guardian ]
Sunday 23rd of April 2017 02:02:46 PM
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.... “There has been a massive influx in the number of boaters into the capital. That puts pressure on the infrastructure and facilities. ... [Read full article on Guardian ]
Monday 24th of April 2017 08:56:18 AM
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.... . A Transline spokesperson said: "We are close to securing inward investment that will allow us to drive forward with continued growth and infrastructure development. ... [Read full article on BBC ]
Wednesday 26th of April 2017 03:57:01 PM
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....A Transline spokesperson said: “The company has suffered as a result of a continued move to tighter margins in the recruitment industry. We are close to securing inward investment that will allow us to drive forward with continued growth and infrastructure development, and have lodged the ‘notice of intention’ to protect the business, our employees and our customers as we complete this process. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 10:49:04 AM
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.... If the punters are willing to pay for deliveries, the company must give them what they want, especially if the current lack of an online offer is one reason why M&S’s growth in like-for-like food sales has stalled. All the same, shareholders may need some convincing if M&S declares the experiment to be a success and decides to plunge in further: yet another round of investment in distribution infrastructure is probably not what they want to hear. ... [Read full article on Guardian ]
Thursday 27th of April 2017 07:15:03 PM
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....2% at 21,012. US markets were also supported by better-than-expected results from a number of major companies, including construction equipment group Caterpillar, which is also likely to benefit from Trump’s promised infrastructure spending, and burger chain McDonald’s. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 05:35:25 PM
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....Second, the president will have to find cuts in spending to balance the loss of tax revenue. The proposal to boost investment in America’s infrastructure would look highly vulnerable in those circumstances. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 03:33:00 PM
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....Legal and practical factors, as well as some countries’ political resistance to delegating economic governance to multilateral institutions, have prevented the SDR from meeting its creators’ modest expectations, let alone the grand role of a truly global reserve currency that anchors the cooperative functioning of a growth-oriented global economy. Information and other market failures have added to the challenges, as have weak institutional infrastructure and inadequate branding. ... [Read full article on Guardian ]
Monday 24th of April 2017 03:00:22 PM
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Latest Finance News related to Infrastructure

Is Triodos the ethical bank that could replace the Co-op? image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
....“I want my money to be used to drive positive change,” says Murrall-Smith, who is the mother of two boys aged three and one. “Triodos funds infrastructure projects such as renewable energy and low-carbon social housing, which I see as paramount. ...
MPs say 'dominance' of big home-building firms must end image
Source : BBC [Read Article] Saturday 29th of April 2017 01:27:41 AM
....The committee also said local authorities should prepare land for home building. That would include providing the infrastructure needed, such as roads and public transport. ...
Brent Delta platform removed from legs image
Source : BBC [Read Article] Friday 28th of April 2017 05:07:21 PM
....Being one of the first, it's now at the end of its life and has to be removed. Brent Delta is the first major piece of infrastructure to be decommissioned in the North Sea. ...
Will Lloyds chief enjoy plain sailing or will he jump ship? | Nils Pratley image
.... If the punters are willing to pay for deliveries, the company must give them what they want, especially if the current lack of an online offer is one reason why M&S’s growth in like-for-like food sales has stalled. All the same, shareholders may need some convincing if M&S declares the experiment to be a success and decides to plunge in further: yet another round of investment in distribution infrastructure is probably not what they want to hear. ...
Sports Direct staff supplier Transline faces administration image
Source : BBC [Read Article] Wednesday 26th of April 2017 03:57:01 PM
.... . A Transline spokesperson said: "We are close to securing inward investment that will allow us to drive forward with continued growth and infrastructure development. ...
Voodoo Reaganomics won't save Trump on the Hill | Larry Elliot image
Source : Guardian [Read Article] Wednesday 26th of April 2017 03:33:00 PM
....Second, the president will have to find cuts in spending to balance the loss of tax revenue. The proposal to boost investment in America’s infrastructure would look highly vulnerable in those circumstances. ...
Trump seeks tax windfall for business image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:20:53 PM
....The much-discussed border tax that would put a tariff on imports - favoured by House Speaker Paul Ryan - will not be in the plan. And nor will Mr Trump's $1tn (£779bn) infrastructure improvement plan feature. ...
Sports Direct agency Transline preparing for insolvency image
Source : Guardian [Read Article] Wednesday 26th of April 2017 10:49:04 AM
....A Transline spokesperson said: “The company has suffered as a result of a continued move to tighter margins in the recruitment industry. We are close to securing inward investment that will allow us to drive forward with continued growth and infrastructure development, and have lodged the ‘notice of intention’ to protect the business, our employees and our customers as we complete this process. ...
Stock markets surge to new highs ahead of Trump's tax reform plan image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:35:25 PM
....2% at 21,012. US markets were also supported by better-than-expected results from a number of major companies, including construction equipment group Caterpillar, which is also likely to benefit from Trump’s promised infrastructure spending, and burger chain McDonald’s. ...
Could the IMF's 'world currency' help encourage global unity? | Mohamed El-Erian image
....Legal and practical factors, as well as some countries’ political resistance to delegating economic governance to multilateral institutions, have prevented the SDR from meeting its creators’ modest expectations, let alone the grand role of a truly global reserve currency that anchors the cooperative functioning of a growth-oriented global economy. Information and other market failures have added to the challenges, as have weak institutional infrastructure and inadequate branding. ...
Canals offer alternative to London property ladder image
Source : Guardian [Read Article] Monday 24th of April 2017 08:56:18 AM
.... “There has been a massive influx in the number of boaters into the capital. That puts pressure on the infrastructure and facilities. ...
Whatever the IMF thinks, we are a long way from the boom time of 2007 | Larry Elliott image
....The US remains an economic and military superpower, but it was the Chinese and not the American economy that hauled the world out of recession in 2008-09. American attempts to prevent China setting up an Asian infrastructure bank failed. ...
Green Investment Bank sell-off: only time will tell how green it is | Nils Pratley image
.... Macquarie is a financial conglomerate operating around the world with competing internal claims on its capital. If, at some point in the middle distance, it decides that green infrastructure in the UK is not as appealing as it used to be, there seems to be nothing to prevent the new owner from liquidating investments, paying itself a fat dividend and reallocating capital to, say, oil pipelines in the US. ...
Green Investment Bank sell-off described as a disaster by critics image
Source : Guardian [Read Article] Thursday 20th of April 2017 03:22:54 PM
....3bn has been attacked by critics including the Liberal Democrats and Greenpeace as “politically dubious” and a “disaster”. A consortium led by Macquarie, which also includes the bank’s European Infrastructure Fund 5 and the Universities Superannuation Scheme, a UK pension scheme for university professors, agreed to buy the GIB, which was established in 2012 by the coalition government to fund green infrastructure projects. ...
Green Investment Bank sold to Australian firm Macquarie image
Source : BBC [Read Article] Thursday 20th of April 2017 09:25:36 AM
....". Environment pressure group Greenpeace has criticised the bank's sale and Macquarie's past role in infrastructure funding. ...
Cycling to work can cut cancer and heart disease, says study image
Source : BBC [Read Article] Thursday 20th of April 2017 03:10:41 AM
.... . "What we really need to do is change our infrastructure to make it easier to cycle - we need bike lanes, to make it easier to put bikes on trains, showers at work. ...
UK unprepared for surge in electric car use, thinktank warns image
Source : Guardian [Read Article] Wednesday 19th of April 2017 11:01:11 PM
.... Once they’re in, it’s very expensive to retrofit them,” said Dustin Benton, the author of the report. Distribution network operators, who connect the national grid at a local level to homes and businesses, fear clustering of electric cars, but say such hotspots have not yet become a serious problem for their infrastructure. ...
IMF shifts from dismal to pessimistic, but has a sharper message about inequality | Greg Jericho image
.... The IMF suggests that our economy will improve along with similar commodity-exporting nations like Norway and Canada. But this is based on the proviso that monetary policy remains “accommodative” (ie interest rates stay low) and there are “supportive fiscal policies or infrastructure investment” and “less drag from declining investment in the commodity sector. ...
Australia Post hits back at Amazon and eBay and says Coalition's GST model is best image
....It said the government should instead use a so-called “logistics model” to collect GST on online purchases, requiring Australia Post (and express carriers and freight forwarders) to collect GST instead. “Logistics providers already have infrastructure in place to collect information on goods coming into Australia and have well-established processes for GST collection for goods valued at more than $1,000,” it says in a submission. ...
Weetabix sold to US firm after breakfast cereal fails to catch on in China image
....”. Post has annual revenues of $5bn(£4bn) expects to make annual savings of about £20m a year before the third full year after completion of the deal, from shared administration and infrastructure among other things. ...
Mayoral candidate pledges free childcare for Liverpool parents image
Source : Guardian [Read Article] Tuesday 18th of April 2017 06:00:21 AM
.... Party officials say the proposals would give the tens of thousands of Liverpool women who currently care for their children at home but would prefer to work, the chance to go into paid employment. The WEP insists its research suggests prioritising childcare would generate more jobs and economic benefits than traditional pledges on infrastructure and transport. ...
Brazil's Odebrecht to pay $2.6bn fine for corruption image
Source : BBC [Read Article] Monday 17th of April 2017 05:35:57 PM
....Odebrecht, and its affiliated petrochemical company Braskem SA, pleaded guilty in December in a deal designed to draw a line under the company's wrongdoings. Monday's order comes as the company tries to negotiate plea deals with other governments so that it can be allowed to tender for future major infrastructure projects. ...
China's first quarter growth beats expectations at 6.9% image
Source : BBC [Read Article] Monday 17th of April 2017 02:36:03 AM
....The growth rate, which compares expansion with the same three months in the previous year, was slightly higher than many economists had forecast. State-led infrastructure spending and demand for new property helped drive the world's second-largest economy. ...
Higher interest rates. Great idea. Here’s why it won’t happen image
Source : Guardian [Read Article] Saturday 15th of April 2017 04:00:06 PM
....Higher taxes on wealth and stratospheric incomes are the answer to this trend. It would allow governments to upgrade their crumbling infrastructures with cash, and reduce their need to borrow – something Borio worries is at its limit. ...
White van nation: meet the drivers behind the on-demand economy image
Source : Guardian [Read Article] Saturday 15th of April 2017 06:00:17 AM
.... But when politicians and the press use the phrase “white van man” (most recently in a row over proposals to raise the cost of national insurance), it’s meant to suggest a more substantial body of people: the construction workers, entrepreneurs, traders and small business owners who run disparate enterprises out of a van’s rear doors. Vans and their drivers deliver parcels, put up buildings, maintain infrastructure and the internet, convey waste, and rumble about with cargoes of sweatshirts, flowers, books and energy drinks. ...
Brazil graft probe focuses on World Cup football stadiums image
Source : BBC [Read Article] Saturday 15th of April 2017 12:34:38 AM
.... . Countries across the continent have opened investigations into alleged bribery conducted by Odebrecht to win large infrastructure projects. ...
Labour plans to halt 'epidemic' of high street bank closures image
Source : Guardian [Read Article] Thursday 13th of April 2017 11:01:17 PM
.... This could only happen after banks consulted customers and the local council and published details of the reasons, including the revenues and costs of the branch in question. The consultation would be overseen by the FCA, which would then “ensure that the closure of the branch does not degrade the local financial infrastructure” or harm the community in other ways. ...
UK technology firms turn to Silicon Valley to ward off Brexit blues image
Source : Guardian [Read Article] Thursday 13th of April 2017 06:00:19 AM
....A more significant challenge to the northern powerhouse lies in the ageing road and rail network, which business leaders say is causing Britain to lose out on potentially billions of pounds in growth and thousands of jobs. The trade minister, Greg Hands, was lobbied privately recently by entrepreneurs to sort out the north’s woeful transport infrastructure at a networking event to mark the launch of the Virgin Atlantic flight. ...
Living standards in UK fall for the first time since 2014 image
Source : Guardian [Read Article] Wednesday 12th of April 2017 12:14:56 PM
.... Working people will want to know when Theresa May is going to do something to help. “We need more investment in skills and infrastructure to build strong foundations for better paid jobs. ...
Developing nations' demands for better life must be met, says World Bank head image
....”. Kim added that he wanted a “win-win” outcome, where the trillions of dollars earning little interest were used to fund projects such as solar power and transport infrastructure. ...
Imax reveals European cinema expansion plan image
Source : BBC [Read Article] Tuesday 11th of April 2017 02:38:08 PM
...."One of the things that has really frustrated me over my 23 years [in charge] has been our inability to properly penetrate Europe," Imax's chief executive, Rich Gelfond, told the BBC. "Europe has been challenging because of its infrastructure - the theatres are smaller, they are dated and don't really fit the Imax specs, and the build-out [of new cinemas] has been slow. ...
Trump is reckless – but he knows he can't afford to antagonise China | Barry Eichengreen image
.... And the only party capable of tightening sanctions and applying effective political pressure is China, whose goodwill the US now regards as essential. Trump’s about-face on China is of a piece with his “recalibration” on repealing Obamacare, reforming the tax code, organising a large-scale infrastructure-investment initiative, and renegotiating the North American Free Trade Agreement (Nafta). ...
Making a splash image
Source : BBC [Read Article] Monday 10th of April 2017 11:12:51 PM
.... . "You're trying to hold position under the water, looking at infrastructure or watching tools or divers work, you're constantly moving your hands and eyes," she explained. ...
Trump tax cut plan will be as big a flop as failed healthcare reforms | Nouriel Roubini image
.... Second, congressional budget rules require any tax cut that is not fully financed by other revenues or spending cuts to expire within 10 years, so the Republicans’ plan would have only a limited positive impact on the economy. And, third, if tax cuts and increased military and infrastructure spending push up deficits and the public debt, interest rates will have to rise. ...
Technology is a marvel – now let’s make it moral | Martha Lane Fox image
....Perhaps, as I have worked in the internet sector my whole life, I view things through biased eyes. But it seems to me that our digital economy must be at the centre of all this: not just the startups that innovate or the speed of the infrastructure, but the ethics and morals that will guide us. ...
Self-driving cars will only work when we accept autonomy is a myth image
Source : Guardian [Read Article] Friday 7th of April 2017 08:00:05 AM
.... For self-driving cars to really work, they need to become interdependent. We need standards for accident investigation, data sharing and communications between vehicles and infrastructure such as roads and traffic signals. ...
Stansted Airport announces new £130m arrivals terminal image
Source : BBC [Read Article] Wednesday 5th of April 2017 03:42:24 PM
....The new building was granted planning permission by Uttlesford District Council. The airport's Chief Executive Andrew Cowan said the site would "transform our infrastructure and facilities to give our passengers the best possible experience". ...
May and LSE chief woo Saudi ministers for $2tn Aramco listing image
Source : Guardian [Read Article] Wednesday 5th of April 2017 09:44:22 AM
....The two-day visit to Saudi Arabia has been criticised by human rights charities as a sign of the UK’s desire to hawk its expertise to countries with chequered human rights records in the aftermath of the UK’s formal notification of EU departure, with Liam Fox also visiting the Philippines’ controversial president, Rodrigo Duterte. On Wednesday May and Rolet met Yasir al-Rumayyan, the director of the Saudi public investment fund – a sovereign wealth fund – to discuss inward investment in the UK with a focus on science, education and infrastructure, though no particular projects have been agreed. ...
Bed and breakfast? image
Source : BBC [Read Article] Tuesday 4th of April 2017 11:20:27 PM
.... Apple and Google came top for the fourth year in a row. Simon Cotterrell, head of strategy at Interband, says that as well as needing to invest less in infrastructure when they expand, their success is also down to the simplicity of their business models. ...
UK's Moorside nuclear project in turmoil as Toshiba's French partner backs out image
....Toshiba is now the sole owner of NuGen, but has said it is looking for more investors to join the $15-20bn project or to sell out altogether. The UK needs investment in new infrastructure to replace ageing coal and nuclear plants due to close in the 2020s, but has struggled to get large projects built, especially nuclear, due to the costs involved. ...
North Sea oil and gas industry cost UK taxpayer £396m in 2016 image
Source : Guardian [Read Article] Tuesday 4th of April 2017 12:25:40 PM
....”. Firms can also claim rebates on the cost of decommissioning rigs, pipelines and other infrastructure as some of the largest North Sea fields come to the end of their lives. ...
Amazon enters business supplies market image
Source : BBC [Read Article] Tuesday 4th of April 2017 09:17:46 AM
....". "They have got the infrastructure in place in terms of the website, the suppliers who'll want to sell their services and the logistic services. ...
Clean sailing image
Source : BBC [Read Article] Monday 3rd of April 2017 11:00:18 PM
....Following two years of trials of the world's first electric car ferry, named Ampere, ferry operators are busy making the transition from diesel to comply with new government requirements for all new ferry licensees to deliver zero- or low-emission alternatives. "We continue the work with low-emission ferries because we believe it will benefit the climate, Norwegian industry and Norwegian jobs," Prime Minister Erna Solberg said in a speech in April 2016, in which she vowed to help fund required quayside infrastructure. ...
Global productivity slowdown risks creating instability, warns IMF image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:56:41 PM
.... That paper highlighted three “headwinds” holding back productivity growth: ageing populations; a slowdown in global trade; and the “unresolved legacy” of the global financial crisis in some big economies. In the UK, productivity growth has been sluggish for years and is behind most other big economies, prompting the chancellor, Philip Hammond, to pledge more investment in infrastructure and other areas with a £23bn national productivity investment fund. ...
BP's sale of key pipeline to billionaire is bad for UK, says union image
Source : Guardian [Read Article] Monday 3rd of April 2017 11:48:55 AM
. BP’s £200m sale of a major North Sea oil pipeline to petrochemicals company Ineos should face scrutiny by MPs, the Unite union has said, claiming the deal poses a risk to jobs and puts key infrastructure in the hands of one man. ...
Putin's illiberal stagnation in Russia offers up a valuable lesson | Joseph Stiglitz image
.... But I believe what we are confronting is partly the legacy of the flawed Washington consensus that shaped Russia’s transition. This framework’s influences were reflected in the tremendous emphasis that reformers placed on privatisation, no matter how it was done, with speed taking precedence over everything else, including creating the institutional infrastructure needed to make a market economy work. ...
BP sells Forties North Sea pipeline to Ineos image
Source : BBC [Read Article] Monday 3rd of April 2017 08:37:47 AM
....Scottish secretary Pat Rafferty said: "It's not so long ago that both Grangemouth and the Forties pipeline were owned by all of us, and operated by a nationalised British Petroleum with a responsibility to look at what was good for the country as a whole, not just what was good for a small group of wealthy individuals. "Both these parts of vital national infrastructure - which are central to the success of the Scottish and wider UK economy are now essentially in the hands of one man. ...
Industrial heartland is in no fit state to pump up UK exports image
Source : Guardian [Read Article] Sunday 2nd of April 2017 06:00:46 AM
....1bn budget is spread over 30 years. That will leave local businesses to play a bigger role – investing not just in their own plant and machinery, but also in the local infrastructure. ...
Congested, polluted and with car jobs at risk, Stuttgart reaches a crossroads image
....But Stuttgart has an immediate car problem. Surrounded by the steep hills of the Neckar valley, it is plagued by congestion, the worst air pollution in Germany and the construction of one of Europe’s biggest infrastructure projects, a €6bn railway station. ...
British rail is nationalised all over again – by foreign states image
Source : Guardian [Read Article] Saturday 1st of April 2017 02:59:28 PM
....According to Paul Plummer of the Rail Delivery Group, which represents train operators, franchising has meant “rail companies from around the world bring new ideas and innovation to Britain’s railway, and railways across the world still want to learn from our successes”. For Aslef’s Whelan, however, the latest foreign incursion underlines how “deeply flawed” franchising is: “We have to ensure that, instead of haemorrhaging money into the pockets of private shareholders or to subsidise the publicly owned railways of other countries, we keep it in Britain either to reinvest in infrastructure, to reduce fares, or to help build the schools and hospitals we need. ...
Ofcom moves to cut superfast broadband prices image
Source : BBC [Read Article] Friday 31st of March 2017 08:22:02 AM
....Households could see the price of superfast broadband fall under plans by the UK telecoms regulator. Ofcom is proposing to cut the price that BT's infrastructure arm, Openreach, can charge operators for its popular superfast broadband service. ...
Broadband users could see bills slashed as BT is forced to cut charges image
....“The UK needs a regulatory framework that encourages investment and rewards risk,” said Openreach. “Building digital infrastructure is very expensive with long payback periods and we won’t recover our more than £3bn investment in fibre until after this charge control period. ...
US fourth-quarter growth rate revised up image
Source : BBC [Read Article] Thursday 30th of March 2017 12:51:24 PM
....6% - the slowest since 2011. The sluggish growth will make it more difficult for President Donald Trump to meet his pledge to lift GDP growth to 4%, through tax cuts and infrastructure spending. ...
Insurer Lloyd's of London confirms new Brussels subsidiary image
Source : BBC [Read Article] Thursday 30th of March 2017 06:28:20 AM
....Frankfurt has hit the ground running when it comes to wooing Brexit-bothered London bankers. It has a well-established financial infrastructure, is home to the European Central Bank and many banks already have a presence there. ...
Cool your jets, Michael O'Leary – Brexit unlikely to ground Ryanair | Nils Pratley image
....From a UK perspective, the collapse feels like no great loss. Whatever the LSE says about the opportunity to create “a world leading market infrastructure group anchored in Europe”, the risks to the City were undeniable. ...
EU departure but … UK sees record-breaking increase in visitors image
Source : Guardian [Read Article] Wednesday 29th of March 2017 10:58:18 AM
....2%) this year, as Britons are less able to afford a holiday abroad. It said that labour mobility, visa-free travel, remaining in the European Single Aviation Market and improved infrastructure at borders are vital to protecting the UK’s tourism industry. ...
London Stock Exchange and Deutsche Börse merger blocked by EU image
Source : Guardian [Read Article] Wednesday 29th of March 2017 09:58:06 AM
....LSE Group said: “LSEG believes the proposed merger with Deutsche Börse in combination with the LCH SA remedy [the sale of LCH] would have preserved credible and robust competition in all markets. “This was an opportunity to create a world-leading market infrastructure group anchored in Europe, which would have supported Europe’s 23m SMEs and the development of a deeper capital markets union. ...
London Stock Exchange-Deutsche Boerse deal blocked by EU image
Source : BBC [Read Article] Wednesday 29th of March 2017 09:24:57 AM
....LSE warned last month that the deal was unlikely to receive EU approval over concerns that it would limit competition. On Wednesday, the firm said: "This was an opportunity to create a world leading market infrastructure group anchored in Europe, which would have supported Europe's 23 million SMEs [small and medium sized enterprises]. ...
Settle Brexit bill quickly to boost chance of free trade deal, say pro-EU Tories image
....Government sources said the drafting of the letter was being very tightly controlled by May and her close aides in No 10, with a smaller circle of cabinet ministers being consulted than those who saw advance copies of her Lancaster House speech in January. Pro-Brexit Tory MPs and ministers, including the foreign secretary, Boris Johnson, have struck a more defiant note about demands from Brussels for a payment of up to €60bn (£52bn) to settle outstanding liabilities, including pensions for EU staff and ongoing infrastructure projects. ...
May's 'global Britain' gets boost as Qatar looks at £5bn investment image
Source : Guardian [Read Article] Monday 27th of March 2017 05:10:53 PM
.... The Qatari prime minister, Sheikh Abdullah bin Nasser bin Khalifa Al-Thani, said in a statement released during the Qatar-UK trade and investment conference: “Over the next three to five years Qatar will invest £5bn in the UK economy through various investment funds and relevant parties in Qatar. “Our investments in the UK will focus on energy, infrastructure, real estate, services and other sectors. ...
FTSE 100 falls as pound jumps against dollar image
Source : BBC [Read Article] Monday 27th of March 2017 08:11:23 AM
.... . "But the Congressional Budget Office also highlighted that the savings expected from Trump's healthcare bill would be much less than expected, which could limit the size and scope of his infrastructure spending plan. ...
BT fined £42m over delays to high-speed cable installation image
Source : Guardian [Read Article] Monday 27th of March 2017 03:54:47 AM
....BT has been fined £42m, the largest penalty imposed by regulator Ofcom, and will have to pay an estimated £300m in compensation to rival telecoms companies over delays installing high-speed internet connections. Ofcom found that BT broke rules put in place to stop Openreach, its subsidiary that controls the UK broadband infrastructure network, abusing its “significant market power” by cutting compensation payments to rivals, blaming installation delays on factors beyond its control when this was not the case. ...
UK energy firms including big six miss smart meter deadline image
Source : Guardian [Read Article] Sunday 26th of March 2017 05:48:07 PM
.... However, a spokesman for the body, which is run by FTSE 100 support services group Capita, said it was now operating smoothly. The energy companies told Ofgem last year (pdf) they would move to a six-month back-billing limit “subject to the necessary operational infrastructure being in place and stable, following DCC go-live”. ...
Foreign companies flock to build nuclear plants in the UK image
Source : Guardian [Read Article] Saturday 25th of March 2017 04:00:06 PM
.... Froggatt said: “The question is, does Kepco want to build AP1000s? The answer is no, it doesn’t want to build them. If it went ahead, I assume they’re buying the site and infrastructure. ...
Trump administration approves Keystone XL pipeline image
Source : BBC [Read Article] Friday 24th of March 2017 12:30:53 PM
.... . But the new administration has made clear that jobs and infrastructure top climate change as priorities. ...
Kenya starts selling bonds via mobile phones image
Source : BBC [Read Article] Thursday 23rd of March 2017 12:39:55 PM
.... . Apart from encouraging people to save, the platform will provide the Kenyan government with a new source of cheap money that it intends to use to finance large infrastructure projects. ...
No EU trade deal is better than a bad deal? Don’t bet on it, Theresa May | Jonathan Portes image
.... Yes, we trade successfully with the US and many other countries under WTO rules. But, when it comes to those countries, we haven’t spent the last 40 years slowly and painfully integrating not just our trade but the fundamental infrastructure of our economic, legal, regulatory and bureaucratic processes. ...
The Trump bump for shares is dented – but watch where the oil price goes | Nils Pratley image
....It would be also be fair to say the mood is nervous. If the president is running into political trouble in his attempt to repeal Obamacare, will there also be delays to his promised infrastructure splurge, the factor that has driven share prices higher? It’s a fair question, and the answer will be critical for stock markets in the short-term. ...
Nervous markets take fright at prospect of Trump failing to deliver | Larry Elliott image
....72. Markets have become increasingly impatient with the new Trump administration for failing to follow through on pledges to use a package of tax cuts and infrastructure spending to raise the US growth rate. ...
Thames Water fined £20m for sewage spill image
Source : BBC [Read Article] Wednesday 22nd of March 2017 12:40:05 PM
.... . "This case highlights the need for water companies to invest in solutions that manage the whole local catchment area such as green infrastructure and sustainable drainage systems. ...
Plans for coal-fired power plants drop by almost half in 2016 image
Source : BBC [Read Article] Wednesday 22nd of March 2017 07:44:04 AM
....However, the World Coal Association vehemently disagrees. It says the complexity of large infrastructure projects means that until they break ground, it's no surprise if they don't go ahead. ...
Goldman Sachs to move hundreds of staff out of London due to Brexit image
Source : Guardian [Read Article] Tuesday 21st of March 2017 05:26:34 PM
....”. “Over the next 18 months or so we are going to upgrade those facilities, we’ll be taking extra space in a number of them and be increasing our headcount and infrastructure around those facilities,” said Gnodde. ...
Rising food and fuel prices hoist UK inflation rate to 2.3% image
Source : Guardian [Read Article] Tuesday 21st of March 2017 11:27:08 AM
.... “If the government doesn’t wake up, we risk sleepwalking into another living standards crisis,” said the TUC general secretary, Frances O’Grady. “We urgently need more investment in skills and infrastructure to build strong foundations for better-paid jobs. ...
Trump must convert surging US confidence into real growth | Mohamed El-Erian image
.... Whether their doubts are vindicated will matter for both the US and the world economy. Donald Trump’s election as US president has triggered a surge in positive economic sentiment, because he pledged that his administration would aggressively pursue the policy trifecta of deregulation, tax cuts and reform, and infrastructure construction. ...

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