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The chief executive of EDF has urged Theresa May to give the green light to the Hinkley point C nuclear power station. In an interview with the Telegraph, Vincent de Rivaz stressed the positive aspects of the proposed project and issued assurances regarding the plant. It’s thought the government has concerns over potential security issues …

EDF chief executive calls for Hinkley approval Read More »

The UK manufacturing sector made a strong comeback in August, according to PMI figures released by Markit. The figures, which took a distinct downturn after the Brexit result, are now showing their strongest performance for almost a year. August manufacturing figures are positive news for the UK after July’s poor results. PMI figures for July …

UK manufacturing sector bounces back Read More »

The European offshore wind industry has attracted more than €14 billion worth of investment in the past six months, with the UK being one of the biggest winners, a new report says. The record level of investment comes from 7 projects that have all reached the Final Investment Decision during the first months of 2016. …

Record levels of investment for European wind farms Read More »

New figures from the CBI and Markit, show mixed news for the manufacturing sector. According to figures released from the CBI, manufacturing output and exports have shown a steady growth in recent months, however, manufacturers are less optimistic about the near future. While output, employment and domestic orders were showing signs of improvement in the …

Mixed news for manufacturing Read More »

After months of delay, EDF has made the final funding decision over Hinkley Point C.  The decision was confirmed on July 28, following a meeting of the board of directors. The meeting approved the £18 billion of funding needed for the project, which will open up a new generation of nuclear energy for the UK. …

Hinkley Point C gets final funding approval Read More »

The sale of Tata’s Port Talbot plant has been put on hold, according to media speculation. The article in the Telegraph indicates that the Indian-based owners are taking their time to think about the implications of future EU deals, and to consider any potential pension scheme liabilities. Sales Process and future of Port Talbot Plant …

Tata’s Port Talbot Sale in Doubt Read More »

Purchasing Manufacturing Index (PMI) figures released by Markit on July 1 indicate encouraging news for the U.K.’s manufacturing sector. The PMI figures showed their highest increase in five months at 52.1, up from 50.4 in the previous month. According to the data from Markit, new orders were also on the increase, and they were accelerating …

Manufacturing gains pace Read More »

There is speculation that plans for Hinkley Point C could face further delays. The EDF Worker’s Committee are due to make a decision this week on the future of the proposed nuclear power station and it is thought likely that they are to ask for it to be postponed. Legal action is also being taken …

Hinkley Point C could face further delays Read More »

Tata Steel could be on the brink of making an agreement with the government to save the plant in Port Talbot, according to media reports. If successful, the deal will save approximately 11,000 jobs and the company will receive a £1 billion loan. The British Steel Pension Scheme would also be restructured if the agreement …

Tata Steel could make government agreement Read More »