Welcome to taking stock on.... Friday 8th September 2023
Taking Stock: Is a look at today's top business news & investment views plus we cover the winners, losers, the most read company news & the most followed. Today this includes:
SUBJECT
Portfolio Managment: What's your biggest position % wise?
When you make an initial investment - what size do you take?
Do you scale in or do you put one chunk in and leave it?
VOX CONTENT
MOST FOLLOWED
MOST READ RNS
Greatland Gold - Newmont - Newcrest takeover - Progress Update
Polarean Imaging - Partnership with VIDA
Atlantic Lithium - US$32.9m Strategic Investment
RISERS
FALLERS
TOP BUSINESS STORIES
Offshore wind auction fails to attract any bids
No new offshore wind projects have been bought by developers at a key government auction, dealing a blow to the UK's renewable power strategy.
Results showed no bids for new offshore wind farms, but there were deals for solar, tidal and onshore wind projects.
Firms have argued the price set for electricity generated was too low to make offshore wind projects viable.
This year offshore wind producers were allowed a maximum bid of £44 per megawatt hour (MWh) of electricity, compared to £155 per MWh in 2015, based on adjusted figures.
The outcome of the auction is a setback to ministers' pledge to deliver 50 gigawatts (GW) of offshore wind by 2030, from 14 GW currently.
UK employers curb hiring at fastest rate in over 3 years: REC
British employers concerned about the economic outlook reduced the number of workers they hired via recruitment agencies last month at the fastest pace in more than three years, an industry survey showed on Friday.
The Recruitment and Employment Confederation (REC), a trade body, said hiring of permanent staff fell by the most since June 2020, early in the COVID-19 pandemic, while spending on temporary workers dipped for the first time since July 2020.
Rishi Sunak says India trade deal is 'not a given' as he arrives in Delhi for G20 summit
Rishi Sunak has sounded a cautious note about the prospects of signing Britain's biggest post-Brexit trade deal, saying it is "not a given".
Speaking to reporters as he travelled to the G20 in Delhi, the prime minister said he would "check in" with Narendra Modi about the progress towards a free trade agreement.
But he played down the prospects of an imminent agreement, with hopes of signing it off on this - his first trip to India in office - seeming to have faded.
There are now hopes that after twelve rounds of negotiations, the two leaders may be able to reach agreement on another visit to India which is being discussed for later this year.