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Vistry Group, a major UK housebuilder, anticipates a first-half loss of £30m due to significant price cuts on unsold homes. The company has reduced its inventory of private homes from £600m to under £300m, with average discounts rising to 7.1%.
Package holiday operator Jet2 sees a 7.1% rise in summer bookings compared to last year, attributed to a fragile Middle East ceasefire and a European heatwave. Despite renewed Middle East tensions and EU border system delays, bookings have recovered across all destinations, with Turkey, Cyprus, and Greek islands showing the strongest rebound.
Severn Trent Water breached wastewater obligations but will not be fined by regulator Ofwat due to "genuine accountability" and proactive problem-solving. The company invested £98m to improve infrastructure, leading to a 41% reduction in storm overflow spills.
Water company Severn Trent avoided a fine from regulator Ofwat despite "serious and unacceptable breaches" in wastewater and sewage handling. Ofwat noted proactive identification and investment by Severn Trent, leading to a 41% reduction in spills.
Package holiday operator Jet2 has seen a 7.1% increase in summer bookings compared to last year, attributing the bounce-back to a fragile ceasefire in the Middle East and pent-up demand. Despite some EU border control issues, the company reports strong recovery across all destinations.
The UK's Carbon Capture and Storage (CCS) program, projected to cost £264bn by 2050, is criticized as a 'white elephant' that will increase emissions and costs. Experts argue it's driven by fossil fuel industry lobbying, not climate necessity, with alternatives like renewables and battery storage being more viable and cost-effective.
