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January 23, 2017

Severn Trent restores service after chlorine alert

Severn Trent has resolved an issue which saw thousands of customers in Derbyshire and Leicestershire told not to use their water because of unusually high levels of chlorine. Around 3,700 households around Swadlincote and Ashby-de-la-Zouch were told not to use the water from their taps on Friday

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Glencore meanders back to life

©Bloomberg In business, a near-debt experience can easily turn into a near-death one. A year ago, shareholders were slapping the pallid cheeks of commodities-and-mining group Glencore and beseeching: “Don’t go towards the light!” On the evidence of interim results, Glencore has meandered back from the other side with only the

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Industry first partnership between online auction house and lender announced

Industry first partnership between online auction house and lender announced Short-term property finance lender LendInvest has announced this morning that it has become the funding partner for online auction house LOT11. The partnership will see LendInvest pre-qualify select lots at LOT11 auctions which fall within the lender’s criteria. The lender’s

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Interserve and BWV accused of exploiting migrant labour

Protests are being held today at three incinerator construction sites over migrant workers being paid less than half the nationally agreed rate. Unions say that Interserve and Babcock & Wilcox Vølund (BWV) are paying skilled construction workers just £7 per hour rather than the £16.64 per hour set down in

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Thermal break solution increases building envelope efficiency by 98%

Thermal break specialists, Armadillo, has developed a new product for the construction market, to improve the efficiency of wall assemblies and cladding structures by up to 98%. Manufacturing a unique material, the team has added the Armatherm™ Z-Girt to its product range. This thermal breaking solution eliminates the use of

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Top Safety Credits Awarded to Rhino Interiors Group

One of the most prolific businesses for office renovations, design and decoration, currently operating in the Midlands, has recently been handed the brilliant achievement of ‘excellence’ in terms of work area safety measures. The company, known as Rhino Interiors Group (Rhino), has been recognised by Alcumus SafeContractor for its consistent advances

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BDC 319 : Aug 2024

January 23, 2017

Severn Trent restores service after chlorine alert

Severn Trent has resolved an issue which saw thousands of customers in Derbyshire and Leicestershire told not to use their water because of unusually high levels of chlorine. Around 3,700 households around Swadlincote and Ashby-de-la-Zouch were told not to use the water from their taps on Friday after abnormal levels of chlorine were found at Castle Donington reservoir. The company issued the ‘do not use’ notice – which advises customers not to use the water for any purpose, including bathing or flushing the toilet – after being alerted to the problem by a monitoring system. It distributed free bottled water to customers at two supermarkets in the affected areas, while working through the weekend to resolve the problem by flushing the network. Customers were later advised to run their cold taps for a minimum of five minutes and to empty their hot water tanks before being told that it was safe to use the water again. Severn Trent said it was still investigating the cause of the problem, but that over-chlorination from a dosing system was suspected. “We’re pleased to say that all of our customers in the Derbyshire and Leicestershire area can now use their water supply as normal,” said Severn Trent in a statement. “We’re really sorry for the inconvenience we know this has caused.  We want to reassure you that the health of our customers is our absolute priority, and this was a precautionary measure due to the levels of chlorine in the water supply. Some customers would experience discoloured water while the system was restored to normal but they were advised to run their taps for 20 minutes and the water would clear, the statement continued. “While we appreciate that you may be concerned about water you have already consumed, we’d like to reassure you that if you didn’t notice a strong chlorine taste or smell, or detect anything unusual when drinking it, then it’s unlikely to have caused you any harm.  If you have any further health concerns then we recommend you contact your local health professional. “We’re investigating what caused the problem and identifying how we will compensate all 3,700 customers, both domestic and business, who were directly affected for an extended period of time.” This article first appeared in Utility Week’s sister title WWTonline Source link

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Glencore meanders back to life

©Bloomberg In business, a near-debt experience can easily turn into a near-death one. A year ago, shareholders were slapping the pallid cheeks of commodities-and-mining group Glencore and beseeching: “Don’t go towards the light!” On the evidence of interim results, Glencore has meandered back from the other side with only the odd angel feather clinging to its collar as evidence. The Swiss group has made about $4bn in divestments, including a deal to sell gold output from an Aussie mine for more than A$880m. Net debt, which once stood at $29bn, should fall to $17bn by the year’s end. That will take the ratio of borrowings to earnings to below a 2:1 target. Dividends should resume next year. Critics say Glencore flatters its debt numbers by excluding inventory that may not be as readily saleable as it imagines. Even so, the business never risked bankruptcy in normal market conditions. The left-field peril was a panic. Last September the shares crashed 30 per cent intraday after an analyst suggested they could expire worthless. If banks and insurers had taken fright too, a liquidity problem could have become a solvency crisis. When investors first tackled chief executive Ivan Glasenberg about Glencore’s artery-clogging $29bn debt pile, he replied as complacently as a 20-stone junk-food addict proud of cutting down to one pack of cigarettes a day. Since then, the hard-nosed billionaire has embraced his balance sheet diet as evangelically as a clean-eating guru. It has been a quiet success for public market stewardship. Glencore was demonised as a commodities titan run by shady traders when it floated via an overpriced IPO in 2011. Some of its African mining deals have raised eyebrows. So has Mr Glasenberg’s tendency to slam “overproduction” by larger miners. But Glencore has been a more punctilious quoted business than pessimists expected. As for Mr Glasenberg, there was little crowing from him about Glencore’s recovery, despite a 170 per cent rebound in the shares. A net loss of $370m reflected the $400m cost of a failed coal-price hedge. Besides, a near-death experience tends to sober a man. Auld Creakie It is Nicola Sturgeon’s tragedy to be the most effective politician in the UK while lumbered with one of the least tenable economic prospectuses. As leader of the Scottish National party, she insists Scotland could be both independent and prosperous. Yet National Statistics is killing her vibe by demonstrating the exact opposite. The latest communiqué from the abacus rattlers pegs Scotland’s 2015-16 budget deficit at a steep £12.6bn. The SNP’s prediction that an independent Scotland could balance its books (before interest) by 2016-17 now sounds like the ranting of one of the Royal Mile’s tartan-clad eccentrics. A collapse in oil revenues is to blame. The SNP wants to break away from the UK while remaining in the European Union. Alba has successively reinvented itself as Silicon Glen and the Saudi Arabia of Wind. Might it now promote itself as the Singapore of the North, luring City businesses keen to retain a pan-European passport? Edinburgh has a decent financial cluster and boasts better fishing and shooting on its doorstep than such niche rivals as Malta. However, the output the UK might lose through financial industry emigration has been estimated at just £8bn a year. A share of taxation on that sum would do little to close the gap in Scotland’s accounts. Southward migration by Scottish-registered banks too large to depend on a Scottish government guarantee could even transform gains to losses. Ms Sturgeon is a bird in a gilded cage delineated by large subsidies from the taxpayers of Southern England. She cannot admit independence, at current oil prices, would mean cutting spending while raising taxes and debts. An old Highlander of Lombard’s acquaintance had a phrase that describes her consequent evasions: “Och, blethers!” Faculty of hard knocks Next month many universities will put on open days for prospective students. So there is a chance some parents could end up misguidedly dragging teenagers to an “open day” Sports Direct is mounting on September 7. ©PA The sportswear retailer has been criticised for its employment practices. Founder Mike Ashley has accordingly invited the public to visit his controversial Shirebrook warehouse “to engage in an open discussion”. Shirebrook has been described as a “gulag” where inmates are bullied for wearing the wrong clothing brands. It therefore has much in common with a university during freshers’ week. Parents will note tuition fees are very reasonable (zero). Immersive courses in pick and pack are on offer. Young Quentin will probably still insist he’d rather study archaeology at Durham. His parents should take him to Shirebrook anyway. He’ll see the kind of place where he could easily end up if he fluffs his A-levels. jonathan.guthrie@ft.com Copyright The Financial Times Limited 2016. You may share using our article tools. Please don’t cut articles from FT.com and redistribute by email or post to the web. Source link

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Industry first partnership between online auction house and lender announced

Industry first partnership between online auction house and lender announced Short-term property finance lender LendInvest has announced this morning that it has become the funding partner for online auction house LOT11. The partnership will see LendInvest pre-qualify select lots at LOT11 auctions which fall within the lender’s criteria. The lender’s logo will appear next to any auction property that it has pre-qualified, allowing bidders and their brokers to see at a glance which properties LendInvest is prepared to lend against. On the information page for each pre-qualified lot, summary funding details will be presented alongside other key property information, such as floor plans and legal documents, reflecting the imperative of arranging auction finance in advance of a bid for prospective bidders. LOT11 is an online auction house, offering properties for auction on a weekly and quarterly basis. LOT11 held its first auction in November 2015 and has since sold properties across the asset classes throughout the UK. Its last auction attracted participants from more than 120 countries, illustrating how online property auctions open up bidding to interested parties from around the world in a faster, more efficient way than ever before. Matthew Tooth, Head of Distribution at LendInvest, said: “This exciting partnership reflects the growing importance of auction finance to LendInvest. Both LendInvest and LOT11 are challenging the status quo in our respective fields with the application of sensible technology, so we make perfect partners. This service will help prospective buyers and their brokers move quickly to secure properties that catch their eye.” Kevin Coughter, CEO of LOT11, added: “LendInvest has established itself as a lender which offers a speedy, efficient and flexible service for buyers and sellers who need to move quickly. LOT11 clients are accustomed to achieving fast results and having all of the information they need at their fingertips; this partnership will only enhance their journey with us.” The partnership begins with LOT11’s quarterly auction on 27 September. Properties for that auction will be available to view on the LOT11 website three weeks beforehand. Source link

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Interserve and BWV accused of exploiting migrant labour

Protests are being held today at three incinerator construction sites over migrant workers being paid less than half the nationally agreed rate. Unions say that Interserve and Babcock & Wilcox Vølund (BWV) are paying skilled construction workers just £7 per hour rather than the £16.64 per hour set down in the National Agreement for the Engineering Construction Industry. The GMB union, which represents construction workers in the sector, is holding demonstrations today at energy from waste plants that Interserve and BWV are building in Rotherham, Port Talbot and Dunbar. Today’s demonstrations follow previous protests last month. An Interserve spokesperson said: “We are disappointed that protests have been called again. We comply with UK legislation on pay and generally use UK contractors and UK supply chain partners on these projects. We have discussed the matter with the unions and will continue to work with them to try and find a solution that is acceptable to everyone.” Phil Whitehurst, GMB national officer for engineering construction, said “GMB members in the engineering construction sector are being debarred from employment on energy from waste (EfW) facilities being built around the UK. “Unscrupulous construction companies using spurious umbrella companies exploit non-UK workers at rates of pay as low as £7 per hour rather than paying £16.64 per hour which is the applicable rate through direct employment and utilising UK collective agreements. “This undercutting effectively disadvantages UK construction workers and subsequently GMB members. “GMB and Unite intend to launch a major campaign to get politicians in the UK and the European Union to implement the provisions of social Europe which were intended to go hand in hand with the free movement of labour across the European Union. As things stand we have a total one way street where undercutting of pay is happening on an industrial scale right across the UK. This cannot be allowed to continue.” The Interserve/BWV joint venture awarded Croatian company Ðuro Ðavokic the contract to manufacture and install the main boilers for all three energy plants. Gary Cook, GMB officer for engineering workers in Scotland, said. “How can the government turn a blind eye to the exploitation of these workers who will be paid as little as £6.98, 63% below the recognised national agreement rates for engineering and construction workers? What chance does local skilled labour have at these exploitative rates? “This is yet another glaring example of a missed opportunity to protect what little construction work Scotland has. The government should be sending a message out loud and clear: Scotland is a no go area for exploitation and social dumping and it will not be tolerated at the cost to our skilled workers and young people desperate to get a craft apprenticeship.” GMB regional organiser Bob McNeill added: “Interserve and Babcock Wilcox Vølund are undermining our agreement by exploiting non-UK workers and paying inferior terms and conditions. This is nothing other than social dumping.”         This article was published on 7 Apr 2016 (last updated on 7 Apr 2016). Source link

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UK Power Networks welcomes opportunity to share learning’s and contribute to a smart energy system

As electric vehicles, domestic energy storage and smart energy appliances are increasingly embraced by consumers, the country’s biggest electricity distributor is developing a smart, flexible energy system to help keep costs down for users. UK Power Networks has published its response to Ofgem and the Department of Business Energy and Industrial Strategy’s call for evidence on “A Smart, Flexible Energy System”. The document sets out the company’s innovative plans and priorities, while it continues to deliver reliability and value for more than 8million homes and businesses across the East, South East and London. As the energy industry changes, Distribution Network Operators like UK Power Networks are already becoming Distribution System Operators as energy generated by renewable sources flows into and is managed by local networks, in addition to their traditional delivery of power flowing out to homes and businesses. Suleman Alli, director of Safety, Strategy and Support Services said: “We have already begun to transform our business. The roll out of active network management of Distributed Generation (DG) has already allowed 330MW of generation to connect saving of over £100m to DG customers. Research shows that a smart energy system has the potential to save customers up to £8billion a year by 2050”. To ensure the benefits to customers are delivered UK Power Networks will: Build on its Electric Vehicle plans to enable smart charging; Further develop the commercial and technical capabilities of a DSO; Continue to improve processes and operations to allow better use of embedded low carbon generation Support industry wide innovation in new commercial arrangements that support local energy, and deliver solutions that lower costs for customers. UK Power Networks taking a much more active role. Suleman added: “This will only be made possible by Distribution Network Owners like UK Power Networks taking a much more active role in managing the energy flowing through their networks as Distribution System Operators. “A key focus for 2017 will be the continued development of our roadmap to become a Distribution System Operator and ensure that our networks retain the flexibility required to adapt to the changing industry environment, including new technologies like electricity storage systems, electric vehicles and smart appliances.” “In developing our response, we have actively engaged with stakeholders, including renewable generators, storage providers, aggregators, suppliers and new IT platform providers.  Our engagement has provided us with first-hand experience of the issues which these stakeholders face, both in their interaction with us as a network operator and also the wider market place. We have used this experience to inform our response.” Distribution networks have already responded to the challenge of the changing energy market, connecting 27GW of DG from wind and solar farms – of which 8.5GW has connected across UK Power Networks’ service area (with a further 2.4GW contracted to connect). The response document is available on http://www.ukpowernetworks.co.uk/internet/en/about-us/

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Thermal break solution increases building envelope efficiency by 98%

Thermal break specialists, Armadillo, has developed a new product for the construction market, to improve the efficiency of wall assemblies and cladding structures by up to 98%. Manufacturing a unique material, the team has added the Armatherm™ Z-Girt to its product range. This thermal breaking solution eliminates the use of highly conductive metal girts and aluminum brackets, which are responsible for heat transfer and energy loss through the building envelope, particularly in wall assemblies and cladding. Using an Armatherm™ Z-Girt has been proven to significantly improve the U value of a wall assembly, making the locations where the product is used up to 98% efficient. The revolutionary material, known as Armatherm™, is a fire resistant, thermoset compound which is exceptionally strong, nonconductive and water resistant. Finding a material with all of these qualities was a challenge before Armadillo brought its products to the market. Since the new product launch, the Armatherm™ Z-Girt has been specified for a variety of high-profile projects across the globe in major cities such as New York City and London. Commenting of the new product, Jonathan Shaw, Armadillo’s managing director, said: “We knew that we had something special when Armatherm™ was developed, and we’re pleased with how versatile our material has proven to be. “Our expert team can provide Armatherm™ to a variety of specifications, making it suitable for any building envelope application including roofing, foundations, wall assemblies, balconies and canopes. Having a thermal breaking solution that’s high-load bearing and insulating is gold dust within construction, and we’re keen to share its benefits with the industry.” The full Armadillo product range includes the Armatherm™ Z-Girt, Armatherm™FRR and Armatherm™ 500 series structural thermal break materials.

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Top Safety Credits Awarded to Rhino Interiors Group

One of the most prolific businesses for office renovations, design and decoration, currently operating in the Midlands, has recently been handed the brilliant achievement of ‘excellence’ in terms of work area safety measures. The company, known as Rhino Interiors Group (Rhino), has been recognised by Alcumus SafeContractor for its consistent advances in making a safer workplace for its 20-plus workforce. This is undoubtedly fantastic news for Rhino, which has had contracts with many star-studded enterprises such Aston Martin and Siemens. With such a wide and varied client base, it is clear that Rhino delivers very high standards of output and is consistently able to satisfy its clients again and again. An investigation of Rhino’s health and safety standards was essential as, being such a high-profile company, as explained by SafeContractor Director Gemma Archibald, certain standards have to be met and checked. SafeContractor was eager to ensure that Rhino passed the various tests with flying colours and was pleased that the process had gone smoothly. Mr Adrian Dearnley of Rhino wanted to emphasise that Rhino accepted and welcomed the various tests that needed to be implemented in order to assess Rhino’s methods against risk in the work place that were already in situ. He confirmed that Rhino adopts the rigorous implementation of these regulations so that contractors and employees put their safety first before anything else. Furthermore, the Director of Rhino emphasised how proud he is of the accreditation that defines the West Midlands firm as a bastion of health and safety regulations.

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