Rolls-Royce says demand for luxury cars is recovering
The chief executive of Rolls-Royce said demand for his company’s luxury cars is rebounding, helped by sales in Asia, and he is optimistic about the outlook for next year after Continue Reading
Britain Got its Cleanest Electricity Ever During Lockdown
As wind, solar and biomass plants produced more power than ever in the second quarter, carbon emissions fell by a third from a year earlier, according to Drax Electric Insight’s Continue Reading
Benchmark UK offshore wind load factors seen rising to 57% in 2030: BEIS
Benchmark UK offshore wind load factors are seen rising to 57% in 2030 and 63% in 2040 by the Department of Business, Energy and Industrial Strategy. The UK has a Continue Reading
‘Let’s roll’: London’s Heathrow urges testing at UK airports
London’s Heathrow Airport, the U.K.’s busiest, unveiled a new coronavirus testing facility Wednesday that it says could halve the length of time people have to stay at home after arriving Continue Reading
World’s Largest Offshore Rig Owner Files Bankruptcy
UK-based offshore drilling contractor Valaris has filed for bankruptcy protection in the United States, offering creditors to swap some $6.5 billion of its $7.8-billion debt pile for equity. The company Continue Reading
UK economy recovering, for now, as public borrowing mounts
Britain’s economic recovery from the shock of the COVID-19 pandemic has gathered pace, data showed on Friday, but government borrowing rose past the 2 trillion pound ($2.64 trillion) mark and Continue Reading
UK firms see sharp August upturn but job cuts mount, PMI shows
The recovery among British businesses from the shock of the COVID-19 pandemic quickened again in August, but snowballing job cuts sent an ominous signal for the months ahead, a survey Continue Reading
Biggest Offshore Wind Farm to Sell Power to Danske Commodities
A giant wind farm being developed off the coast of the U.K. will sell some of its power to energy trader Danske Commodities A/S. Under the 15-year deal, the subsidiary of Equinor ASA will Continue Reading
UK household finances worsen in August over job worries
The financial health of British households deteriorated in August at a faster pace than last month, in an unpromising sign for the economic recovery from the COVID-19 pandemic, a survey Continue Reading
UK records deepest recession among top economies
Britain has suffered the deepest recession among the world’s top economies this year, shrinking by a fifth in the second quarter alone when much of the economy was mothballed as Continue Reading