Rolls-Royce is looking for offers for a place to build small nuclear power plants
Rolls-Royce, the British aircraft engine maker, has launched competition between the regions of England and Wales for the location of the main plant to build a planned fleet of small nuclear reactors.
An industrial consortium led by Rolls-Royce has written a letter to several of England’s regional development authorities and the Welsh government asking them to offer the production site, promising an investment of up to £ 200 million and the creation of up to 200 direct jobs.
The consortium provided £ 210 million from the government last year for the development of a mini-reactor fleet after raising a similar amount of private sector funding. The Prime Minister of the United Kingdom Boris Johnson has supported small modular reactors as part of his 10-point plan for a “green industrial revolution” to help achieve the government’s goal of net zero carbon emissions by 2050. The technology is seen by the government as a good a way to create jobs in production, and to implement Johnson’s “equalization” program to help less developed areas.
According to the plans, the reactors will be built in factories across the country and then assembled on site, reducing the risks and huge costs of building large nuclear power plants. The main plant will build the heavy pressure vessels that are part of the reactors.
Activist hedge fund Trian is building a stake in Unilever
Nelson Peltz activist hedge fund Trian Partners has built a stake in Unilever, stepping up pressure on FTSE 100 following its failed pursuit of GlaxoSmithKline’s consumer health business.
People with direct knowledge of the matter told the Financial Times that the $ 8.5 billion New York-based hedge fund had taken a stake in the British group, adding to the challenges facing CEO Alan Joop.
The head of Unilever is already facing simmering discontent with shareholders after his £ 50 billion attempt to take over GSK Consumer Health. He now faces a fierce activist fund known for pushing for streamlining and governance reforms in consumer goods groups, including Procter & Gamble, Sysco and Mondelez.
People familiar with the stake building did not provide details on its size or when it began.
The revelation comes after a tumultuous week for Unilever, in which it was forced to agree to shareholders’ demands to stop pursuing GSK’s consumer health business after three failed offers.
An investor riot last week cut Unilever’s share price by as much as 11 percent. She recouped some of the losses after the company said it would not increase its bid again.
The Fed is expected to support the first rate hike since the pandemic era in March
The Federal Reserve is ready to confirm its plans to raise interest rates in March for the first time since the start of the pandemic, as the US Federal Reserve sets a more aggressive course to tighten funds in the face of high inflation.
Fed officials will gather this week for their inaugural policy meeting in 2022, the first since the central bank made its fight against the rapid rise in consumer prices in the United States a top priority.
The Fed has solidified its rhetoric in recent weeks about the risks posed by high inflation, with President Jay Powell calling it a “serious threat” to sustainable economic expansion and a stable labor market recovery this month.
His top politicians have also indicated that they are ready to act vigorously to ensure that inflation does not take root, considering raising interest rates “earlier or faster” than expected and rapidly shrinking the huge balance of the Fed this year.
Combined with growing evidence that inflation is widening and the labor market is recovering rapidly, the central bank is well placed to move in March, say many Fed officials and Wall Street economists.