(Reuters) - Britain’s mid-cap index slipped on Thursday as Boris Johnson, a prominent Brexiteer, emerged as the clear favourite to succeed Theresa May as Prime Minister after the first round of a ballot of Conservative lawmakers. FILE PHOTO: Traders looks at financial information on computer screens on the IG Index trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson The FTSE 250 fell 0.4%, its worst day in more than a week. The FTSE 100 ended roughly flat, with notable gains in plumbing products distributor Ferguson and packaging firm DS Smith. Stocks on the domestically-focused mid-cap index as well blue-chip local financial shares skid after Johnson, the face of Britain’s campaign to leave the European Union in the 2016 referendum, was backed by more than a third of voting lawmakers. This again raised the risk of Britain crashing out of the EU without a deal on Oct. 31, which Johnson has said he would do if no agreement had been ratified by … [Read more...] about UK-focused shares dip as no-deal Brexit scenario re-emerges
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The net zero carbon target will require sweeping changes to almost every aspect of British life, affecting our homes, the food we eat and the way we get around, as well as jobs and businesses across the board. Ministers are hoping there will be health benefits and improvements to the natural environment along the way, as well as helping to stave off the global climate emergency. However, on some of the key areas where rapid change is needed, the signals so far have been mixed. Energy Phasing out coal use and bringing more renewable energy on stream are the key planks of the government’s strategy. Gas has become an increasingly important source of fuel in the last three decades, particularly for domestic heating, but to reach net zero it will have to be phased out too. Support for renewable energy has been reduced and in some cases scrapped by the government. Onshore wind is now one of the cheapest forms of energy, but the withdrawal of subsidies and stricter planning rules have … [Read more...] about What will it take for the UK to reach net zero emissions?
Business 10 June 2019 comments Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.com/news/business-48577667 Read more about sharing. These are external links and will open in a new window Close share panel Related TopicsBrexit The UK and South Korea have signed an outline free trade agreement (FTA) that seeks to maintain existing … [Read more...] about UK and S Korea sign preliminary trade deal
Malaysia is set to return 3,000 metric tonnes of non-recyclable plastic waste to its country of origin, Malaysia's environment minister Yeo Bee Yin has said. Her announcement follows inspections at Malaysia's main port, Port Klang, which found that 60 containers held un-recyclable or contaminated plastic waste sent there for recycling from countries including the US, the UK, Canada, Saudi Arabia and Australia. "Garbage is traded under the pretext of recycling," she said. She added: "What the citizens of the UK believe that they sent for recycling, is actually dumped in our country." Why is our plastic waste ending up in Malaysia? To find out more, keep reading. Why is the UK's plastic waste exported overseas? Plastic waste can be sold for recycling and much of it is exported overseas because we do not currently have the means to process it all at home. Plastic can only be recycled, however, if the waste is of good quality. If it is contaminated or 'non-recyclable', it cannot be … [Read more...] about Why does the UK send plastic waste abroad to be recycled?
Growth in the Eurozone and European Union picked up in the first quarter of the year after a rough patch, with the UK showing solid expansion, the EU’s official statistics body confirmed today. Read more: Euro rises as Eurozone economy shows stronger-than-expected growth GDP growth in the EU rose to 0.5 per cent quarter-on-quarter, after growing 0.3 per cent in the previous quarter. The UK economy grew 0.5 per cent, the second-highest rate among the biggest economies. Today’s figures confirm the estimates Eurostat, the EU’s data body, made two weeks ago. Germany’s struggling economy grew 0.4 per cent, a return to growth after stagnating in the final quarter of 2018 and shrinking by 0.2 per cent in the quarter before that, figures released this morning by Germany’s statistics organisation showed. The growth brought Germany’s annual price-adjusted growth rate to 0.6 per cent, reflecting the torrid time the country’s manufacturers have had amid a … [Read more...] about European growth aided by UK expansion and German bounce-back