Business

Didcot energy station: Final cooling towers demolished

Picture caption The ability station has been a focus of the Oxfordshire skyline for 50 years The final three cooling towers of a decommissioned energy station have been demolished. Didcot A’s 375ft (114.3m) excessive towers had been introduced down utilizing explosive costs at 07:00 BST. The coal-fired station was turned off in 2013 after 43 years in service and its three southern towers had been demolished in 2014. Crowds gathered

Lime and soda? No thanks, say non-drinkers

Picture copyright SEEDLIP Picture caption Ben Branson, founding father of Seedlip: ‘What do you drink once you’re not consuming?’ The times of lime and soda are over. “Sugary, carbonated or fruit-based juice drinks simply will not do” for these looking for a booze-free various. No less than, that’s the view of Seedlip, which claims to be making the world’s first distilled non-alcoholic spirits. “We exist to unravel this dilemma. What

New board to supervise completion of Ferguson ferries

Picture copyright Getty Pictures Picture caption An order for CalMac ferries has been on the centre of a dispute The Scottish authorities has arrange a board to cope with the completion of two ferries being constructed on the now publicly-owned Ferguson shipyard. It took control of the base in Port Glasgow on Friday after bosses on the yard served discover of intent to place the enterprise into administration. This may

Labour guarantees to sort out ‘retail apocalypse’

Picture copyright Getty Photographs Labour chief Jeremy Corbyn has introduced proposals to assist Britain’s “struggling” excessive streets. He stated he wished to offer councils the facility to reopen outlets in premises left vacant for greater than a yr. Mr Corbyn additionally stated empty outlets ought to be given to start-up enterprise and neighborhood tasks in an effort to reverse a “retail apocalypse”. The federal government responded: “Jeremy Corbyn would wreck

Sajid Javid will ‘simplify’ the tax system in first Funds

Picture copyright EPA Chancellor Sajid Javid has stated he needs simplify the tax system forward of his Funds within the autumn. In his first interview since changing into Chancellor, Mr Javid told the Times he was a “low tax man” however stated it was vital to “all the time be fascinated with the bottom paid”. He added that maximising income “does not all the time imply that it’s a must

Hong Kong protests: ‘We do not wish to go away however could don’t have any selection’

Picture copyright Miro Picture caption Taylor Host and Jamie Wilde are shifting the HQ of their agency Miro out of Hong Kong Hong Kong appeared an apparent place for co-founders Jamie Wilde and Taylor Host to arrange their synthetic intelligence start-up. That they had lived there for a number of years and knew the monetary hub effectively. “It is a business-friendly jurisdiction, straightforward to construct knowledgeable crew and it is

Ferguson shipyard nationalised by Scottish authorities

Picture copyright Getty Pictures Picture caption An order for CalMac ferries has been on the centre of a dispute The Ferguson shipyard in Port Glasgow has been nationalised by the Scottish authorities. Ministers will now function the yard below a administration settlement with directors, which can see the Scottish authorities purchase the power if no personal purchaser is discovered inside 4 weeks. Ferguson has been concerned in a dispute with

Harland and Wolff: ‘Optimistic talks’ over shipyard future

Picture copyright Pacemaker There have been “optimistic discussions” concerning the sale of Belfast shipyard Harland and Wolff, in accordance with the directors. The enterprise entered administration earlier this month, with accountancy agency BDO overseeing the method. The transfer locations 120 jobs in danger and will spell the top of the agency, finest identified for constructing the Titanic. BDO stated it hoped the continuing talks might result in “credible provides”. Harland

Cathay Pacific boss Rupert Hogg quits

Picture copyright Getty Pictures The chief government of Cathay Pacific, Rupert Hogg, has resigned within the wake of the protests in Hong Kong. Paul Lavatory can also be leaving as chief buyer and industrial officer. Mr Hogg mentioned: “These have been difficult weeks for the airline and it’s proper that Paul and I take accountability as leaders of the corporate.” Mr Hogg warned on Monday workers could possibly be fired

Turkish military pension fund to purchase British Metal

Picture copyright Getty Photos Turkey’s navy pension fund has reached a tentative deal to take over British Metal. The Turkish Armed Forces Help Fund (often known as Oyak) stated it deliberate to take management of British Metal by the top of the 12 months. Accountants at its funding arm, Ataer, have unique rights to the bancrupt agency’s books, in order that they’ll study the state of its funds. British Metal