The use of rail season tickets in Great Britain has plummeted to the lowest level on record, driven by a significant increase in working from home since the Covid-19 pandemic. According to figures from the Office for Rail and Road (ORR), the industry regulator, the number of rail journeys madeContinue Reading
The UK’s main stock market has reclaimed its position as Europe’s most valuable for the first time in nearly two years. The total value of companies listed on the London Stock Exchange (LSE) reached $3.18 trillion on Monday, overtaking the $3.13 trillion valuation of companies listed in Paris, according toContinue Reading
Investment levels in the UK remain among the lowest of the world’s richest nations, posing a significant challenge to economic growth, according to the Institute for Public Policy Research (IPPR). The centre-left think tank highlighted that the UK’s total investment is “significantly” behind the nearest competitor in the G7 groupContinue Reading
A significant technological breakthrough in electric car batteries could ease the range anxiety that has hindered the wider adoption of electric vehicles (EVs). TDK, a company historically known for its cassette tapes, has developed a solid-state battery with an energy density 100 times that of its previous models. Initially, TDKContinue Reading
Cardiff-based start-up Space Forge, aiming to launch robotic factories into space, has secured funding from Nato’s $1.1bn (£870m) investment fund. Space Forge plans to utilise low-gravity conditions in space to manufacture crystals for advanced microchips, new medicines, and super-alloys. These satellites, designed to be the world’s first reusable orbiting factories,Continue Reading
Octopus Energy, the UK’s largest electricity supplier, has announced plans to invest $2 billion in renewable energy projects across the United States by the end of the decade. The company has initiated its expansion by acquiring two solar farms from Vesper Energy, a US-based renewable energy developer, located in PennsylvaniaContinue Reading
A Labour government would help families save up to £300 off energy bills by 2030 and tackle the root causes of the cost-of-living crisis, shadow chancellor Rachel Reeves is set to say on Wednesday. Ms Reeves will accuse the Conservatives of being “staggeringly out of touch with the struggles facingContinue Reading
A billionaire who previously donated £500,000 to the Conservatives has said he will be voting for Labour, and encourages others to do the same. John Caudwell, founder of Phones4U, was one of the biggest donors to the Tories ahead of the 2019 general election, when he gave half a millionContinue Reading
The FTSE 100 ticked up on Tuesday after overtaking France’s top index as Europe’s biggest stock market earlier this week. The blue-chip index rose 49 points to 8,191 on Tuesday, a 0.6% rise, with Hargreaves Lansdown, SSE and Whitbread among the biggest risers. Tuesday’s gains came ahead of official figuresContinue Reading
Steel giant Tata says it has maintained normal operations on Tuesday despite the start of an overtime ban by some of its workers. Unite said 1,500 of its members based in Port Talbot and Llanwern in south Wales started industrial action, warning that strikes will be held if the companyContinue Reading
