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Rio Tinto has only bad options as it tries to salvage its $2.4 billion Serbian lithium project after the country's leaders bowed to environmentalists and cancelled it last week. The Anglo-Australian miner could sue the government, a step likely to fail and further antagonise Belgrade, or bet that pro-mining politicians emerge victorious in April parliamentary elections, a result that would embolden opponents. People inside Rio said that while they were aware of the political tensions around the project, the government's decision to pull the plug was a surprise that left the company scrambling for a strategy on how to proceed.
The ONS said interest payments on government debt trebled to a higher-than-expected £8.1bn last month.
Eden Mill is to develop a new whisky distillery in St Andrews.
A record 34% of people would be willing to pay more for better service, according to the UK Customer Satisfaction Index.
LONDON (Reuters) -Asset manager Allianz Global Investors, part of German insurer Allianz, said on Wednesday it had set up a new unit focused on 'impact' investing in private markets, as part of a sustainable investing drive. AllianzGI, which manages around 647 billion euros ($730.27 billion) in assets, will look to invest in private companies helping solve environmental or social issues in a measurable way, it said in a statement. Impact investing, meanwhile, takes that a step further by tracking the impact of the investments on people and the planet, not just the company's returns.
UK factory costs rising at fastest pace since 1980, CBI says. Survey finds labour shortages driving ‘intense and escalating cost and price pressures’
Why I think this company's 17-year record of uninterrupted growth in earnings per share looks set to continue and why I'd buy the stock now. The post A top UK stock for 2022 and beyond appeared first on The Motley Fool UK.
Klein Vision says its AirCar can travel at 160km/h, meaning the journey would take just over two hours
YouTube has defended its decision to remove its like count from videos, a decision it admits was “controversial”. Last year, YouTube announced that it would no longer be showing the number of people who had clicked to downvote a certain video. It would still show the number of likes – and collect the dislike information to show to video creators and use in its algorithm – but it would stop people being able to see it.
India is a faster growing economy than the CPTPP bloc, whose imports are expected to grow at below the world average in the years ahead, according to the Resolution Foundation.
COPENHAGEN (Reuters) -Denmark's Vestas warned on Wednesday it would have to raise prices for its wind turbines due to higher raw material and transport costs, clouding its prospects for this year despite strong demand. The warning echoes comments from rival Siemens Gamesa, whose shares fell as much as 16% on Friday after it cut its outlook for the third time in nine months, also citing a surge in costs for vital materials such as steel. Companies from utilities and chemicals makers to telecoms firms and supermarkets are raising prices due to a cocktail of factors including rising energy costs and supply bottlenecks, raising the prospect of interest rate rises to curb inflation.
Shares in Tod's jumped more than 12% on Wednesday after the Italian luxury fashion group beat forecasts with its first increase in annual sales since 2015. Boosted by strong fourth-quarter growth in Europe and the United States, revenues rose almost 40% to 883.8 million euros ($997 million) last year, just below pre-pandemic levels, the luxury leather goods maker said on Tuesday. The sales figures will allow Tod's to report positive earnings before interest and tax (EBIT) for the 2021 fiscal year, Chief Executive Diego Della Valle said.
Shares in European markets dropped, with Moscow’s stock index falling more than eight percent.
The Government is amending existing regulations ‘to streamline the process and provide certainty to those approaching the end of their lives’.
Italian supercar brand Lamborghini plans to roll out its first fully electric model at the end of this decade, its Chief Executive Stephan Winkelmann said in remarks confirmed on Tuesday by a company spokesperson. The plan underscores an even more cautious approach by Lamborghini - part of the Volkswagen Group - to electrification, after Winkelmann last year said the brand's first fully electric car model would appear in the second half of the decade. Lamborghini and other players in the high-performance sports car market, which include Ferrari, Aston Martin Lagonda and McLaren, are wrestling with how to shift their ranges to battery power without losing the high performance that supports their premium pricing.
Microsoft beat market expectations Tuesday with strong quarterly performance in cloud computing and software, still benefitting from the pandemic's online shifting of work, play, shopping and learning.
Wizz Air passenger numbers rise to 7.8m despite Omicron fears. Figure for three months to December leaves Hungary-based airline cautiously optimistic for recovery
Facebook has built what it says is the world’s most powerful supercomputer devoted to artificial intelligence, which the social media company believes will drive previously-impossible advances in the technology.
Self-driving car users should have immunity from offences – report. Law commissions recommend that vehicle users should not face regulatory sanctions if something goes wrong
The Marmite-to-Dove soap maker is planning to axe around 15% of senior management roles and 5% of more junior management jobs.