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      British Steel wins multimillion-pound contract for Egyptian rail project

      news.movim.eu / TheGuardian · Tuesday, 2 April - 14:35

    Around 9,500 tonnes of track will be provided for north African country’s first fully electrified mainline

    British Steel has won a multimillion-pound contract to supply rail for a new route in north Africa, the company has announced.

    Approximately 9,500 tonnes of track, produced in Scunthorpe , will be provided for Egypt’s first fully electrified mainline and freight network which stretches from the Red Sea to the Mediterranean.

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      Jump in domestic orders ends two-year UK manufacturing dip

      news.movim.eu / TheGuardian · Tuesday, 2 April - 12:44


    Output improves to 20-month high and job losses slow but global problems continue to restrict foreign orders

    A jump in domestic orders helped pull UK factories out of almost two years of contraction last month, according to a leading business survey.

    Output from the manufacturing sector improved to a 20-month high in March, marking the end of a period of shrinking activity that started in July 2022.

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      United Airlines asks pilots to take time off due to shortage of new Boeing planes

      news.movim.eu / TheGuardian · Tuesday, 2 April - 12:41


    Airline faces delay in receiving new planes as Boeing struggles with production due to manufacturing problems

    United Airlines is asking its pilots to take time off in May because of delays in receiving new planes that the airline ordered from Boeing , which is struggling with production due to manufacturing problems.

    A United spokesperson said Monday that the offer is voluntary.

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      Look at the Thames and know the time for metaphors is over: our politics is drowning in effluent | Marina Hyde

      news.movim.eu / TheGuardian · Tuesday, 2 April - 12:38 · 1 minute

    It took a sewage-plagued Boat Race to do it, but people can now see the appalling state of England’s water industry and waterways

    Fire up a Chariots of Fire-style theme tune for the speech of the defeated Oxford captain in last Saturday’s Boat Race, beamed edifyingly around the world : “We had a few guys go down pretty badly with E coli ,” declared Lenny Jenkins (the university’s boat club itself says it can’t be that specific on precisely what caused the gut-rot). Having shared a few of the nauseating details, Jenkins concluded: “It would be a lot nicer if there wasn’t as much poo in the water.” Yup, a country that once painted a quarter of the world pink now regrettably advertises itself as mostly brown – encircled by its own effluent and pumping it furiously through its river veins just to be sure. As metaphors go, it is on the nose in all senses.

    And so to Thames Water, steward of the river on which that internationally famous race is rowed – a firm that is £18bn in deliriously structured debt , has had to be extensively threatened to spend so much as 30p on infrastructure investment, spent years being used as a cash cow for shareholders, and has pumped human waste into the Greater London area of the river for almost 2,000 hours already this year alone. Despite this rapacious shareholder-facing culture, its current foreign investors have now apparently judged it to be “uninvestable”. Thames Water’s relatively new CEO, Chris Weston, must be struck by that feeling that plagued Tony Soprano. “It’s good to be in something from the ground floor,” the mobster judged. “I came too late for that – I know. But lately, I’m getting the feeling that I came in at the end. The best is over.”

    Marina Hyde is a Guardian columnist

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      Royal Mail names senior Heathrow executive as next boss

      news.movim.eu / TheGuardian · Tuesday, 2 April - 11:22


    Emma Gilthorpe is tasked with turning company around and takes up newly created CEO role in May

    Royal Mail has appointed a senior executive from Heathrow to become its next boss, charged with delivering a turnaround to the ailing postal company.

    Emma Gilthorpe, who has been chief operating officer at the airport since 2020, will join Royal Mail in May.

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      Thames Water owner bond slumps to record lows amid uncertainty over firm

      news.movim.eu / TheGuardian · Tuesday, 2 April - 11:06

    Fall to 14.4p comes after shareholders said they were unwilling to inject further funds

    A bond issued by Thames Water’s parent company has fallen to record lows as the embattled company scrambles to secure its future, and the government signalled it is “ready to step in if necessary”.

    The £400m bond, issued by the water supplier’s parent company, Kemble, has slumped to only 14.4p after shareholders indicated that they were unwilling to inject further funds into the heavily indebted utility company.

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      Superdry shares fall after CEO rules out making takeover offer

      news.movim.eu / TheGuardian · Tuesday, 2 April - 09:10


    Struggling retailer announced decision by Julian Dunkerton after markets closed on Thursday

    Superdry’s share price has been almost cut in half after its chief executive decided against making an offer for the struggling fashion retailer.

    The company announced after markets closed on Thursday that Julian Dunkerton, the founder and current chief executive of Superdry, had opted against a takeover after a two-month pursuit.

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      UK house prices fall for first time in three months amid ‘subdued’ market

      news.movim.eu / TheGuardian · Tuesday, 2 April - 06:41


    Average price of home down 0.2% from February to March, at £261,142, says Nationwide

    The UK housing market was “subdued” in March, with prices edging down on the previous month as high mortgage rates continued to affect the market, according to Nationwide building society.

    It is the first time in three months that house prices have fallen, after gains of 0.7% in the previous two months.

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      ‘Danger zone’: the warnings designed to protect women at UK business events

      news.movim.eu / TheGuardian · Tuesday, 2 April - 05:00

    Codes of conduct are on the rise, and have a focus on reputational risk as well as on harassment

    When more than 1,300 lending bosses, regulators and MPs descended on Grosvenor House hotel on Park Lane in London for a black-tie dinner in late February, they arrived informed.

    Invitees to the Financing & Leasing Association event had been handed an “annual dinner code of conduct” telling guests about a new policy on discrimination and sexual harassment. The trade body would “not tolerate any such behaviour and will, along with our event agency, take immediate action to stop it”.

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