Page 26 - Big Caps News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Britain to triple number of electric vehicle charging points with £300mln programme The £300mln investment will see 1,800 new motorway points and 1,750 installations in other places "Drivers need to be confident that they can charge their car quickly when they need to" Britain is to more than triple its electric vehicle charging capacity with 1,800 new ultra-fast points to be installed at motorway service stations and a further 1,750 in cities. UK regulator Ofgem said the electricity distribution companies will invest £300mln into the project as part of a £40bn investment p...

Flashpoint iron ore: China summons producers in “anti-speculation” drive Iron ore prices dropped by nearly 10% as China's National Development and Reform Commission railed against "many aspects reflecting overspeculation" Whenever a government, particularly a communist one, doesn’t like certain market characteristics or trends, the ‘speculator’ is always on hand to take the blame. This week began with the Chinese authorities, nervous about the record high iron ore prices, issuing various pronouncements and threats to ‘speculators’ in time-honoured fashion. Whether there really i...

The lawsuit was brought forward by Entertainment Studios Networks owner Byron Allen McDonald’s Inc (NYSE:MCD) has been sued for US$10bn by US media entrepreneur Byron Allen. The owner of Entertainment Studios Networks said the fast-food chain is discriminating against Black-owned media outlets by not advertising with them as much as it should. The complaint said McDonald's violated the law with its "racial animus and racial stereotyping" in setting budgets, Reuters reported. The burger giant refused to advertise with Allen’s channels, according to the lawsuit, filed in Los Angeles on Thur...

National Grid achieves 'solid underlying financial performance' “Our confidence in the group's prospects is reflected in the ambitious five-year outlook for capital investment, asset growth and earnings, which we are announcing today” National Grid PLC (LON:NG.) expects to invest £30-£35bn in the UK and US over the five-year period to 2025/26. The commitment was revealed in the energy transmission and distribution company’s full-year results, which showed a 3% fall in underlying profit before tax in the year to March 31 to £2.41bn from £2.49bn the year before. On a statutory basis...

Blinded by stage lights? How to spot celebrity-backed businesses that won’t fail UK authorities threatened to shut down Gwyneth Paltrow's wellness brand Goop over issues with its accounts, but there are plenty of famous people who have established successful businesses Gwyneth Paltrow's wellness brand Goop is in trouble. Again. Its UK arm could be shut down by the UK authorities for failing to submit its accounts and it has until 6 June to object the accusations. It’s the second time the retailer has been threatened with dissolution, as it failed to disclose the necessary documents for th...