Five of the most expensive construction projects in the UK’s history total a whopping £150bn. Some of these developments have made a successful contribution to the country, bringing in tourists, hosting iconic sporting events and leading to an all important profit. Others have used up valuable time, money and resources for little positive impact. Today,...
Category: Infra
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Labour civil war over plans to cancel infrastructure projects over ‘£20bn hole’
Chancellor Rachel Reeves could shelve major capital projects to help fund hefty public sector pay rises in a move which is already risking ‘civil war’ from some of Labour’s MPs. Ms Reeves is widely expected to tell Parliament that the Tories left Labour with a £20 billion black hole in the public finances. As a...
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Huge new £800m tunnel that would end chaos on UK’s busiest motorway
The Lower Thames Crossing, part of a proposed £9 billion road that would connect the M25 in Essex with the M2 and A2 in Kent through a new tunnel beneath the Thames, is expected to become the UK’s longest road tunnel and the widest tunnel in Europe. The new route has promised to double road...
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The infrastructure trusts with narrowing discounts
Infrastructure trusts staged a partial recovery in November Will it hold? Infrastructure trusts have seen their average discounts to net asset value (NAV) narrow in the past month, as the decline of government bond yields brought some good news for the sector. But not all the trusts recovered to the same degree, overall discounts remain...
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Stock market today: Power, infra stocks among top gainers as FM Sitharaman tables Economic Survey 2024 | Stock Market News
Stock market today: After a cautious opening on Monday, shares of the power and infrastructure segment witnessed strong buying once Finance Minister Nirmala Sitharaman tabled the Economic Survey 2024 in the parliament. The infrastructure segment gained momentum after trading red in the early morning session. It surged around 1.30 percent while the power segment gained...
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GLIL expands UK solar infrastructure portfolio with Bluefield Solar
GLIL Infrastructure is investing additional capital in UK solar energy assets via its partnership with Bluefield Solar Income Fund. UK local government pension schemes-backed GLIL and London-listed Bluefield Solar are investing a further £141m into solar-energy assets in the second phase of their partnership created in December last year. GLIL said it is acquiring half of a 112MW...
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IT outage exposes fragility of tech infrastructure
As the global chaos subsides and systems continue to return online, the enormous IT outage which caused havoc around the world on Friday reveals a few uncomfortable truths about the foundations of our digital lives – and how fragile they might be. The outage showed that even the platform of an enormous firm like Microsoft,...
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Catastrophic attack on critical infrastructure ‘is looming and many are not prepared’
A global IT outage has caused major disruption, knocking airlines, banks and train companies offline. NHS England said it is causing disruption in “the majority of GP practices” in England, with surgeries reporting they’re unable to access patient records or book appointments. There is currently no known impact on 999 or emergency services. Pharmacies have...
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Pre-Budget Winners: These 6 stocks rally over 1% before Budget Day for last 5 occurrences – Pre-Budget Winners
Indian Railway Finance Corporation Share Price 179.06 04:01 PM | 14 Aug 2024 -2.6(-1.43%) One97 Communications Share Price 538.8 04:01 PM | 14 Aug 2024 32.65(6.46%) YES Bank Share Price 23.99 04:01 PM | 14 Aug 2024 -0.13(-0.5%) ITC Share Price 492.2 03:59 PM | 14 Aug 2024 2.2(0.45%) HDFC Bank Share Price 1607.8 04:01...
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JSW Infra share price cracks 8% after Q1 result; is it buy-worthy? Here’s what top brokerages say | Stock Market News
JSW Infra share price: Shares of JSW Infrastructure plunged almost 8 per cent in early trade on the BSE on Friday, July 19, a day after the company reported an 8 per cent year-on-year (YoY) drop in its April-June quarter (Q1FY25) profit. JSW Infra share price opened at ₹316.10 against its previous close of ₹336.30...
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EOW books Shanghai Electric officials for cheating, forgery after R-Infra’s complaint
MUMBAI: The Mumbai police’s Economic Offences Wing (EOW) has registered a case against Shanghai Electric following a complaint lodged by officials of Anil Ambani’s Reliance Infrastructure, accusing the Chinese multinational power generation and electrical equipment manufacturing company of cheating and forgery. HT Image “We have registered a case against unknown officials of Shanghai Electric Group...
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Suppliers ready for uptick in housing and infrastructure demands | Construction News
Suppliers have said they are confident they can meet any extra demand for materials generated by the government’s ambition to increase housebuilding and infrastructure activity. Industry experts said there would not be an immediate increase in demand on supply chains but added that suppliers were ready to step up activity. But ministers were also cautioned...