Category: 3. Business

  • Capricorn | Operational and Financial Update

    Capricorn is pleased to provide the following operational and financial update.

    Operational update

    Capricorn’s working interest production averaged 20,175 boepd (41% liquids) in 2025, above the production guidance midpoint of 19,000 boepd. The 2025 exit rate was 21,003 boepd with recent strong production performance driven by new development wells drilled since July 2025 and a waterflood programme in the Badr El Din (BED) field area. Notably, gas performance since October has been enhanced by the drilling of BED15-31 which has produced strongly from the Lower Bahariya formation and offers the potential for follow-up wells that will be prioritised in early 2026.

    Exploration drilling in 2025 produced encouraging results in the North Um Baraka (NUMB) and South East Horus (SEH) licences where Capricorn is working with the Operator to evaluate future activity. In NUMB, the joint venture is progressing a development lease application following the drilling of NUMB-6. This well should be tied-in early 2026 with follow-up drilling anticipated in 2027. In SEH, the SEH-6X well established the extension of an active petroleum system and was considered sufficiently positive to justify progressing to phase 2 on the licence.

    Financial update

    The Company received $43m from the Egyptian General Petroleum Corporation (EGPC) in late December. This brings the total amount received by Capricorn since 30 June 2025 to $156m, reducing its accounts receivable to the lowest position since 2022, at approximately $84m (H1/25: $182m), excluding expected credit loss adjustments.

    Capricorn has repaid its entire outstanding Senior Debt Facility with a voluntary payment of $18m prior to the end of the year. Additionally, the Junior Debt Facility amortised by $10m in Q4 2025, leaving an outstanding debt balance of $30m on 31 December 2025. The remaining balance is currently scheduled for settlement in two instalments during 2026 and 2027. At 31 December 2025, the Company’s net cash position stood at approximately $103m (H1/25: $32m).

    Capricorn announced in December that it had entered into a lock-up agreement to support Harbour Energy Plc’s (Harbour’s) acquisition of the Waldorf Production group and will settle its unsecured claims against Waldorf for a payment estimated to be around $4-5m, based on a methodology agreed between Capricorn and certain of Waldorf’s creditors. Completion of the acquisition is subject to regulatory consents and is likely to require the sanction of a further restructuring plan.

    Outlook

    Last month, the Egyptian Cabinet approved the integrated concession agreement, representing the final step prior to parliamentary approval and formal ratification expected in Q1 2026. The Company is committed to leveraging the new terms to enhance production and reserves.

    * Reported production volumes and financial figures are unaudited and subject to change

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    Enquiries to:

    Analysts / Investors
    Nathan Piper, Commercial Director
    Tel: 0131 475 3000

    Media
    Diana Milford, Corporate Affairs
    Tel: 0131 475 3000

    Georgia Edmonds / Violet Wilson / Fergus Young, Camarco
    Tel: 0203 757 4980

    Capricorn Energy

    Capricorn is an Egypt-focused energy producer, with an attractive portfolio of onshore exploration, development and production assets in the Western Desert. For more information on Capricorn visit: https://www.capricornenergy.com

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  • Balfour Beatty completes disposal of ten Infrastructure Investments assets

    Balfour Beatty completes disposal of ten Infrastructure Investments assets

    Balfour Beatty, the international infrastructure group, today announces the sale of ten UK assets from its Infrastructure Investments portfolio. In December 2025, the Group sold its share in each of the assets to Equitix for combined proceeds of £87 million, with a total gain on the disposals of £7 million.

    The disposed assets comprise three Offshore Transmission Owners (OFTOs), five street lighting projects, one biomass plant and one road concession.

    The combined proceeds are in excess of the Balfour Beatty Directors’ valuation as of 27 June 2025, consistent with the Group’s strategy of optimising value through the disposal of operational assets, whilst continuing to invest in new asset opportunities.

    ENDS

    Analyst/investor enquiries:
    Jim Ryan
    Tel. +44 (0)785 836 8527
    jim.ryan@balfourbeatty.com 

    Media enquiries:             
    Vivienne Dunn
    Tel. +44 (0)203 810 2345
    vivienne.dunn@balfourbeatty.com

    Notes to editors:

    • Balfour Beatty is a leading international infrastructure group with 27,000 employees driving the delivery of powerful new solutions, shaping thinking, creating skylines and inspiring a new generation of talent to be the change-makers of tomorrow.
    • We finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.
    • For over 100 years, we have created iconic buildings and infrastructure all over the world. Currently, we are working to deliver Hinkley Point C, the first UK nuclear power station in a generation; constructing the world-class arts and cultural facility, the Lyric Theatre, in Hong Kong; and designing, building, financing, operating and maintaining the Automated People Mover superstructure at the fifth busiest airport in the world, Los Angeles International Airport.
    • Balfour Beatty Investments is an international infrastructure investor operating in the UK and US. We provide the investment capability required to deliver complex infrastructure projects. As one of the largest investors in the Public Private Partnership industry, we have built a portfolio across a range of markets including student accommodation, the private rental sector housing and multi-family housing.

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  • Hawaiian Airlines announces Kahu’ewai Hawai’i Investment Plan of more than $600M over five years to modernize infrastructure and guest experience, and deepen its commitment to the community and sustainability

    Hawaiian Airlines announces Kahu’ewai Hawai’i Investment Plan of more than $600M over five years to modernize infrastructure and guest experience, and deepen its commitment to the community and sustainability

    • Major airport renovations include improved lobbies, gates, and amenities at Honolulu, Līhu’e, Kahului, Kona, and Hilo, plus a new premium lounge in Honolulu.
    • The airline will update its app and website, offering better travel planning and self-service features, and invest in new technology for employees.
    • The carrier is investing in a refreshed onboard experience with upgraded widebody Airbus A330 interiors, while offering enhanced rewards and exclusive benefits to loyal Hawai’i residents.

    HONOLULU, Jan. 5, 2026 /PRNewswire/ — Hawaiian Airlines today unveiled an investment plan of more than $600 million over five years to comprehensively enhance the experience for guests traveling to, from and within the islands by modernizing airport spaces, upgrading technology and retrofitting aircraft interiors, while expanding community and sustainability work across Hawai’i.

    Hawaiian Airlines’ Kahuʻewai Hawai’i Investment Plan will improve the guest experience from booking to the day of travel and provide airport and in-flight teams with modern tools and spaces to welcome travelers with their award-winning Hawaiian hospitality. Investments will also help Hawaiian advance lower emission technologies and programs promoting regenerative tourism, culture and conservation.

    “Hawaiian Airlines is proud to call Hawai’i home, to reflect the spirit of the islands, to take care of our local guests and welcome visitors, and support our communities,” said Hawaiian Airlines CEO Diana Birkett Rakow. “Our Kahu’ewai Hawai’i Investment Plan represents one of Hawaiian Airlines’ largest single investments in our infrastructure, products and services in Hawai’i. It reflects our kuleana to our people and guests in the islands and reinforces our commitment to deliver safe and remarkable service that enables Hawai’i and Hawaiian Airlines to thrive.”

    Kahuʻewai signifies fresh water bursting forth as a metaphor for vital resources. Much like water that flows and nurtures, the investments will deliver benefits across Hawaiian Airlines and communities in Hawai’i today and for a long time to come.

    They include:

    • Airports: Starting this year through 2029, Hawaiian Airlines will renovate lobbies and gates in Honolulu, Līhu’e, Kahului, Kona and Hilo to improve passenger flow and comfort, with bright, elegant open spaces and better seating and amenities like increased power charging. In Honolulu, Hawaiian’s busiest hub, the airline will build a spacious 10,600-square-foot premium lounge at the entrance of the Mauka Concourse in Terminal 1 – setting a new standard of preflight comfort.
    • Technology: This spring, Hawaiian Airlines will launch an updated, modern app and website with improved functionality to simplify travel planning, booking and trip management with self-service features like changing flights and redeeming award travel on global partners. The airline is also investing in new technology to support employees in their critical roles across the operation. Full functionality of these tools – and a significantly smoother guest experience – will be possible once Hawaiian Airlines and Alaska Airlines share the same passenger service system and Hawaiian Airlines joins the oneworld alliance, both scheduled for late April.
    • Aircraft: Hawaiian Airlines’ fleet of widebody Airbus A330s, based in Honolulu, will undergo a full interior upgrade, starting in 2028, with new seats, carpets, lighting, first class suites, and a premium economy cabin. Guests will also enjoy a Bluetooth-enabled in-flight entertainment system with high-definition seatback screens and an extensive movie and music library, along with fast and free Starlink Wi-Fi. The airline is also acquiring three of its A330 aircraft off lease to support the future of this fleet in its service across the Pacific.
    • Loyalty: Later this year, Hawaiian Airlines will reward Hawai’i residents who are members of its popular Huaka’i by Hawaiian loyalty program with a 50% bonus on Atmos Rewards points and status points earned on Neighbor Island flights, adding to exclusive kama’āina benefits that include a free checked bag, 10% or 20% quarterly discounts when flying within the state, and monthly systemwide deals.
    • Community Impact: Hawaiian Airlines remains deeply engaged in the community, with expanded partnerships in education and workforce development initiatives, new grant-making opportunities, regenerative tourism efforts through its Travel Pono program, and new investments to preserve Hawai’i’s natural resources and to advance new technologies for a more sustainable future.   

    “Hawaiian Airlines’ investment is exactly the kind of long-term commitment Hawaiʻi needs,” said Hawai’i Gov. Josh Green. “Modern, welcoming airports improve the experience for residents and visitors alike, strengthen our economy and keep Hawaiʻi competitive as a global destination. We appreciate Hawaiian Airlines’ partnership in advancing workforce development, regenerative tourism, clean energy, and community programs that reflect the values of our islands.”

    As part of its community and sustainability initiatives, Hawaiian is expanding a partnership with business accelerator Mana Up through an investment in its Mana Up Capital II fund to help more local companies scale for the global market. Hawaiian has featured more than a dozen local retailers in the food, fashion, beauty and home and art sectors in its onboard service since becoming Mana Up’s official airline sponsor in 2017.

    Hawaiian last month announced it is investing in locally produced sustainable aviation fuel (SAF) to reduce flight emissions and support agriculture in partnership with Pono Pacific and Par Hawaii, and that it would be the first airline to take deliveries of Hawai’i-made SAF later this year. The airline is also working to advance innovative lower-emission options for short-haul air service with an investment in hybrid-electric propulsion developer Ampaire and increasing use of electric ground service vehicles at Honolulu airport.

    Finally, the airline will be providing grants to nonprofit organizations promoting cultural programs, environmental preservation, and perpetuation of native Hawaiian art and language through the Alaska Airlines | Hawaiian Airlines Foundation, a newly-integrated 501(c)(3) foundation dedicated to these efforts in their two namesake states.

    The Hawaiian Airlines’ Kahuʻewai Hawai’i Investment Plan is part of Alaska Air Group’s Alaska Accelerate strategic plan to deliver on the combined airline’s vision of connecting guests to the world with a remarkable travel experience rooted in safety, care and performance.

    For images, visit: https://news.alaskaair.com/images-videos/hawaii-investment-plan

    About Alaska Air Group
    Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia and the Pacific. We’ll serve Europe beginning in spring 2026. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska is a member of the oneworld alliance, with Hawaiian scheduled to join oneworld in spring 2026. With oneworld and our additional global partners, guests can earn and redeem points for travel to over 1,000 worldwide destinations with Atmos Rewards. Learn more about what’s happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as “ALK.”

    SOURCE Hawaiian Airlines

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  • ‘Working in a chippy at 14 made me more confident’

    ‘Working in a chippy at 14 made me more confident’

    Emma Clifford BellBBC Scotland

    BBC Two young women and one young man (centre) in their chip shop uniforms of a black polo shirt and trousers and a skip cap smile for the camera. They are standing beside the fat fryers and food prep area, all in stainless steel.BBC

    Caelen, Kenzie and Erin all started working as young teenagers and say it has helped with their confidence

    At the age of 14, Caelan started working part-time in a chip shop in Aberdeen.

    He thinks getting a job at such a young age made him more responsible and confident.

    “When I joined I was very shy,” he says. “But now I can speak to people easily.”

    The laws governing when and where children under 16 can work were introduced in the 1930s to crack down on child labour and safeguard their wellbeing.

    Children over 14 could be employed in ‘light work’ but many Scottish council areas require employers to also apply for a permit to take on a child.

    Now, plans to change the law could make it easier for under-16s to work part-time.

    The Children’s Wellbeing and Schools Bill is currently making its way through the House of Lords with Royal Assent expected in the coming months.

    The Scottish Parliament has given legislative consent for the provisions on child employment.

    If passed, it would allow teenagers under 16 more flexibility on when they can work.

    Caelan is positive about the benefits he gets from being a young worker.

    Within a year of getting his job serving fish suppers at the Ashvale in Aberdeen, he says he was able to treat his mum to a holiday in Dubai.

    16-year-old Erin and 18-year-old Kenzie stand side-by-side in the Ashvale chip shop, the big fryers behind them. They both wear a black uniform and hat.

    Erin, 16, and Kenzie, 18, have worked at Ashvale chip shop in Aberdeen since they were both 15

    His co-workers Kenzie and Erin both joined the takeaway and restaurant aged 15 and say they have had a similar experience.

    Working around school hours gave Kenzie, now 18, the opportunity to save up for a car.

    Erin said that although she was “really nervous” when she joined, she now doesn’t “get scared talking to new people” because of her experience dealing with customers.

    More flexibility

    The new bill looks at all aspects of child protection and safeguarding as well as rules on school attendance.

    The section on employment will give young people more opportunity to take on work.

    Plans include lifting the two-hour working limit on a Sunday, and allowing work for up to one hour before school and until 20:00 – extending the current limit from 19:00.

    Although there is more flexibility on when children can work, the maximum number of hours will remain the same – up to 12 hours on a school week.

    Kenzie pours chips from a stainless steel container into a large white plastic bucket in the chip shop. The chip fryers and hot food display cases are behind her facing the customer area.

    Kenzie prepared the potatoes to make chips at The Ashvale

    The new law will update the rules, which were further complicated by dated local bylaws.

    These vary across the UK, with some older than others.

    In Dundee, the bylaws from 1973 prohibit working in a ‘coal yard’ or ‘collecting rags’.

    In some areas such as Angus and Edinburgh, children as young as 10 can still be employed on an occasional basis in light agricultural or horticultural work under parental supervision.

    Others, including Falkirk, had no requirement for permits.

    BBC Scotland also found a variation in the number of child employment permits granted by councils.

    Freedom of Information responses showed none were issued in 2025 by Clackmannanshire or Inverclyde Councils – while Aberdeen City Council had issued 98.

    Most local authority bylaws allow 13-year-olds to be employed in specified types of light work, which could continue.

    Young worker advice

    Dawn Robertson is an employment law specialist at BTO Solicitors in Glasgow. She stressed the importance of safeguarding.

    “Children should not be employed in any work that could be harmful to them,” she said.

    “I think the most important thing from my perspective is just that the law is not changing on that.

    “Children still need to be treated as children, and we have to be very thoughtful and careful about what we do allow them to do in the workplace.”

    Dawn said varying council bylaws have make it more difficult for employers to keep track of the law.

    “Hopefully after the bill is passed, we’ll be in a position where it’ll actually be a lot easier to give advice across the country to employers about this type of thing,” she said.

    “I think that employers generally comply with the rules, as far as they’re aware of them.

    “It sounds to me like a very positive approach and a positive development to the employment of children.”

    Stuart Devine, a grey-haired older man, stands in the Ashvale chip shop, wearing the Ashvale black branded sweatshirt, hands behind his back. There are red, cream and blue tiles , chequerboard-style, on the wall behind him, plug sockets and information sheets hung on the other visible wall.

    Stuart Devine, owner of the Ashvale, started working when he was 15

    Children under school leaving age are not entitled to the National Minimum Wage, paid holidays or to sick pay. This wouldn’t change.

    Stuart Devine is the owner of The Ashvale.

    He has employed “hundreds, if not thousands” of children across a 40-year period – and started at the business aged just 15 himself.

    He welcomes a potential tweak to the rules.

    “It needs looking at because times have moved on,” he said.

    “I think it’s important from a business point of view, because obviously there are jobs that young people can fill the gaps. They actually come in generations of families.

    “They’re now schoolteachers, nurses, doctors, engineers offshore. I think the employment part has played a vital part in getting them to the next stage.”

    Harry, a good-looking teenager, with a modern hairstyle, wears a black puffer jacket, black cardigan and school shirt and tie underneath. He stands outside a property, carrying his large papers bag - a hi-vis yellow thing.

    Harry, 15 has a paper round and a job in a local takeaway

    A few miles along the road, 15-year-old Harry is starting his evening paper round.

    He delivers a few papers before school, more after school – and also works part-time in a chip shop at the weekend.

    He says he has no idea what the rules are around when children can and can’t work.

    For him, it’s about impressing future universities and employers.

    “I think it looks good on CVs and stuff like that and when you’re older and you need to get a proper job,” he told BBC Scotland News.

    “In the future, I want to be either a lawyer or work in the stock market.”

    Harry would encourage other young people to find work if they can.

    “I think if you put yourself out there and you go and constantly speak to any employer at 14, if they’re hiring other 14-year-olds, I think you’ve got a pretty good shot at getting a job there if you’re confident.”

    Skills development

    Nicola Killean, Children and Young People’s Commissioner Scotland, was mostly positive about the changes.

    She said older children could gain valuable experience, develop their skills, knowledge and sense of independence through employment.

    She added: “While we support a change to the law that offers children greater flexibility in employment, we are clear that they must continue to have their rights protected.

    “The United Nations Convention on the Rights of the Child (UNCRC), which is incorporated into Scots law, emphasises that children must be protected from being exploited and from doing work that is dangerous or could harm their development.

    “The UNCRC is also clear that work must not interfere with children’s learning while they are still in education.”

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  • Jersey government agrees to sell house with pool for £790k

    Jersey government agrees to sell house with pool for £790k

    BBC A detached, two storey house with cream walls and an orange, tiled roof. To the right of the image is a separate garage with a blue door. In front of the garage is a tarmac driveway. An estate agent's sign is visible to the left of the image.BBC

    The property has five bedrooms and two bathrooms, according to estate agents Gaudin & Co.

    A government minister has agreed a taxpayer-owned five bedroom house with a swimming pool can be sold for £790,000, as it “represents a financial burden to the public”.

    Caroldene, on La Rue de la Hauteur, St Helier, is one of dozens of residential units in the Government of Jersey’s property portfolio, which was found in 2021 to have a total market value of more than £1bn.

    The house had been placed back on the market for £850,000 after a previous offer of £800,000 fell through, said Minister for Infrastructure, Andy Jehan.

    It was described by estate agents Gaudin & Co as a “substantial five-bedroom detached residence” with two bathrooms, a sunroom, and a double garage.

    ‘Investment required’

    In a ministerial decision, Jehan said the previous offer had been withdrawn by the prospective purchasers in November 2025.

    “Following that withdrawal, the agent re-marketed the property,” he said.

    “The property was re-listed for sale at £850,000, and a new offer of £790,000 has since been received.

    “Given the property’s current condition and the level of investment required to restore it to a habitable standard, this offer is considered to be reasonable.”

    Constable Andy Jehan, a man with short grey hair. He is clean shaven, and wearing a navy blue blazer over a sky blue shirt with white buttons. His top button is unbuttoned. He has a badge on his left lapel. Behind him, out of focus, is a road and green fields.

    Constable Andy Jehan said the government and the purchasers would each be responsible for their own costs.

    Government documents confirmed the States approved the purchase of the building in 1991 for £225,000, “in order that part of the garden might be used to provide improved access to the States Loan development at Le Jardin de la Hauteur”.

    They added “the Housing Committee had no use for the accommodation and it was agreed that the property should be handed over to the Defence Committee for use by the Territorial Army” as housing.

    Jersey’s quarterly house price index figures do not list the average sale prices of five bedroom homes.

    However, the latest report said that the average price of a four bedroom house sold in quarter three 2025 was £1,280,000.

    In signing the ministerial decision, Jehan authorised the Attorney General, the Greffier of the States and the director of Jersey Property Holdings to pass and conclude “any contract which is required” on behalf of the public in relation to the sale of the property.

    “Each party will be responsible for their own costs,” the document added.

    Ministers agreed in July 2025 to dispose of the property, as they considered that it “represents a financial burden to the public”.

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  • BBC Radio Solent launches campaign to collect hygiene products

    BBC Radio Solent launches campaign to collect hygiene products

    Helen Head and Patrick HughesSouth of England

    BBC A close-up shot of donated cleaning items in a crate, showing shampoos and shower gels stacked neatly with some extra lying on top. BBC

    BBC Radio Solent’s Soapbox Appeal will collect donations at over 50 drop-off points across Hampshire, Dorset and the Isle of Wight

    A BBC campaign aims to help charities and community groups by organising drop-off points for toiletries and hygiene items to be donated to people who need extra support.

    The BBC Radio Solent Soapbox Appeal will collect donations at over 50 drop-off points in Hampshire, Dorset and the Isle of Wight across January.

    They will then be sent to charities and communities groups who will help distribute them.

    The manager of a food bank charity in Bournemouth, which also provides toiletry parcels, said that those suffering from food poverty can struggle to afford to buy their own hygiene essentials.

    Mary is wearing a Christmas-themed jumper and standing in a warehouse. Behind her many crates filled with donated goods can be seen stacked on shelves, as well as empty cardboard boxes which await being filled.

    Mary Duncan, operations manager at a food bank charity in Bournemouth, said that the need from families has increased hugely over the last decade

    Donations can include new and unopened toiletries like shampoo and toothpaste, and other cleaning products including washing up liquid, sponges, cloths and tissues.

    Last year’s campaign saw thousands of the items donated and distributed.

    Ahead of this campaign’s launch, BBC Radio Solent visited Hope for Food, a food bank charity in Bournemouth, which distributes around 150 family food parcels every week, as well as bags of toiletries.

    Mary Duncan, the operations manager at the charity, said that since she began volunteering there in 2016, the need from families has “increased hugely”.

    “We are getting a huge number of referrals coming in,” said Ms. Duncan.

    “Things that most of us take for granted – people who are really struggling will have to find extra money to pay for those things.”

    A warehouse with crates of donated goods - 3 shelves filled with crates of shower gels, baby products, shampoos and other cleaning items are pictured.

    As well as donating food parcels, the Bournemouth-based charity also distributes hygiene items and toiletries

    The national charity the Hygiene Bank estimates there are 4.2 million adults in the UK in hygiene poverty.

    One survey carried out last year by that charity, along with product distribution charity In Kind Direct, found that 13% of children aged six to 15 in the south of England were living in food poverty.

    “The impact on children going to school when they don’t have clean clothes or clean hair…other children might ostracise them,” said Ms. Duncan

    “It is very important for your own self-worth that you can keep yourself clean and you can keep your home clean.”

    For a list of the drop-off points across Hampshire, the Isle of Wight and Dorset, visit the BBC Radio Solent Make a Difference page here.

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  • Lancashire drivers warned ahead of new traffic camera switch-on

    Lancashire drivers warned ahead of new traffic camera switch-on

    A council has warned drivers against breaking the law as it prepares to switch on a set of new traffic cameras.

    Lancashire County Council’s automatic number plate recognition (ANPR) devices are to be operational in four locations across Preston, Lancaster and Accrington “early in 2026”.

    Once live, drivers who ignore road regulations – such as turning bans and no-entry areas – will be issued a £70 penalty charge notice, reduced to £35 if paid within 21 days.

    The council had been given the go-ahead to install the cameras three years ago, but it was revealed in December 2024 that they had not yet been switched on. The authority has clarified the delays were due to ensuring the cameras were “value for money”.

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  • Wedgwood workers return to factory after three-month pause

    Wedgwood workers return to factory after three-month pause

    Firms which went bust in 2025 included Royal Stafford and Heraldic Pottery as well as Moorcroft Pottery, which was later bought by the grandson of the firm’s founder.

    In September, Fiskars Group said the Wedgwood shutdown was happening “to address elevated inventory levels caused by lower consumer demand in some of our key markets”.

    The Wedgwood site produces high-end and bespoke designs, including handcrafted fine bone china pieces and Jasperware, a type of pottery developed in the 18th Century by founder Josiah Wedgwood.

    At the time of the shutdown, Tom Hammersley, marketing manager at Staffordshire Chambers of Commerce, said the drop in demand came against a backdrop of increasing costs.

    Mr Hammersley said: “Wedgwood has huge global demand in areas including China and Japan. If that demand is slowing, and married with the increasing costs, it is a huge concern.”

    Dr Allison Gardner, Labour MP for Stoke-on-Trent South, had said she wanted to reassure people that it was “not something to worry about” and that the shutdown was “a simple response to seasonal fluctuations”.

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  • What changes are being made in 2026

    What changes are being made in 2026

    Getty Images A Congestion Charging Zone signpost beneath a high-rise residential property at Elephant and Castle.Getty Images

    The congestion charge fee is increasing from 2 January

    Across the capital, Transport for London (TfL) has a calendar of scheduled works that it says will improve its network. Looking ahead to 2026, there are significant changes and closures planned that could affect passengers and drivers.

    Here are details of what they are and when they come into effect.

    Congestion charge changes

    TfL is introducing changes to the congestion charge scheme in the new year, along with a new Cleaner Vehicle Discount for electric vehicles, and changes to the Residents’ Discount for new applicants.

    The standard daily congestion charge will increase from £15 to £18 if paid in advance or on the day of travel. This comes into force on 2 January.

    Drivers will pay £21 – compared with the previous rate of £17.50 – if paid within three days after travel.

    Congestion Charge Residents’ Discount holders will continue to get a 90% discount and pay the daily fee of £1.80.

    The 100% Cleaner Vehicle Discount ends on 25 December 2025, and a tiered system is being introduced.

    Getty Images A view of a car charging via an on-street electric car charger. Getty Images

    The congestion charge exemption for electric vehicles ends on 1 January

    From 2 January there will be a 25% discount on the daily charge for electric cars registered on Auto Pay. This puts the cost at £13.50.

    There will be a 50% discount on the charge for electric vans, HGVs, and quadricycles registered on Auto Pay, making the cost £9.

    A new 100% discount will apply to electric car club vehicles that are picked up and returned to the same bay within the congestion charge zone.

    From 4 March 2030, the Cleaner Vehicle Discount will drop to a 12.5% discount for electric cars on Auto Pay and a 25% discount for electric vans, HGVs and quadricycles on Auto Pay.

    London Underground and DLR

    Piccadilly line

    TfL is replacing its fleet of 1970s trains on the Piccadilly line, with the ambition of introducing the first of its 94 new trains in 2026.

    It said these could be introduced between July and December 2026 and would allow for an increase of three more trains an hour during peak times.

    TfL is also carrying out a range of upgrades including improving the line’s power system, adjusting platform edges and track positions and installing new CCTV cameras.

    It is planning a range of weekend closures for the works, with disruption anticipated in January, March and April.

    SIEMENS A new Piccadilly train at a station platformSIEMENS

    New trains are to be introduced on the Piccadilly line

    Northern line

    From 12 January until late spring, trains will not be running between Camden Town and Kennington, via Bank, after 22:00, Mondays to Thursdays, as part of ongoing improvement works to the line, TfL said.

    Docklands Light Railway (DLR)

    The Cutty Sark station is closed until the spring while all four of its escalators are replaced.

    Customers are advised to travel via Greenwich station or local bus services.

    TfL is also planning a range of weekend closures between some stations for its DLR upgrade work.

    Customers can check before they travel by using the TfL Go app.

    Oxford Street

    A map of Oxford Street and the surrounding area with the part to be pedestrianised marked in red

    A public consultation on the proposals runs until 16 January

    The pedestrianisation plans pivot around Sir Sadiq establishing a new mayoral development corporation (MDC), which would give a mayoral body control of the area in terms of planning and development.

    So far the plan has been given government and London Assembly backing, and the mayor is working with the government to make the necessary legislation for the MDC to be established by 1 January.

    A public consultation opened in November and runs until 16 January.

    TfL said, subject to the consultation results, delivery of the scheme could begin in the second half of 2026.

    Ongoing projects

    TfL has been working to replace the roundabouts at both ends of Lambeth Bridge with traffic lights.

    Structural improvements to the bridge, along with pedestrian and cycle lane improvements, have also been taking place.

    TfL said works on the bridge’s new junctions will continue until June, with narrow lanes and occasional night-time closures in place until then.

    It estimates the project will be fully complete by summer 2026.

    The road improvement scheme on the A23 Streatham Hill is continuing in 2026, with works due to finish in spring 2027.

    Protected cycle lanes and dedicated bus lanes in both directions are being created, and lane restrictions in both directions are in place.

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  • DA bets on more sili to cool price spikes

    DA bets on more sili to cool price spikes

    Author: DA Press Office | 4 January 2026

    Agriculture Secretary Francisco P. Tiu Laurel Jr. is zeroing in on one of the most volatile items in the Filipino kitchen: sili. With prices swinging sharply during the rainy season, the Department of Agriculture (DA) is pushing a plan to ramp up production, harden farms against extreme weather, and bring more predictability to supply and prices.

    Chili pepper prices routinely jump when heavy rains and typhoons damage crops, disrupting supply just as demand holds firm. In September, a kilo of the local siling labuyo sold for as high as P800 due to weather disturbances.

    Tiu Laurel wants to change that cycle by pairing better data with climate-resilient production.

    In recent meeting with DA officials, the agriculture secretary pressed officials to establish baseline numbers—national and Metro Manila consumption, current output, and average yield per hectare.

    “We need to know how much we consume, how much we produce, and where the gaps are,” said Tiu Laurel. Those figures will guide how many hectares should be planted and how fast production can scale.

    One early conclusion: chili peppers are not a regional niche crop. Officials stressed that they can be grown in most parts of the country, not just in Bicol, widening the pool of potential growers under the DA’s High Value Crops (HVC) program.

    For 2026, chili is being lined up as a priority crop alongside munggo, or mung beans, with different goals—lower prices for chili, reduced imports for mung beans.

    Weather remains the biggest risk.

    “Prices go up because crops are damaged by rain,” Tiu Laurel noted, pointing to the need for protected cultivation in strategically assigned locations.

    The DA is now backing greenhouses using local materials as well as typhoon-resistant structures that can withstand strong storms to shield plants from floods and prolonged rainfall, a move that could stabilize supply even during typhoon season.

    Moreover, access to clean planting materials such as siling labuyo, siling pansigang, and grafted bell peppers will go full-swing through the DA’s Gulayan sa Bayan, a move to strengthen agri-entrepreneurship in 1,370 municipalities to address food inflation with commercial high-value crops farming and primary processing.

    The push comes as the department tracks price movements across other vegetables.

    Bell pepper prices have hovered around P250 per kilo, while munggo prices have swung widely, highlighting how sensitive food markets are to supply shocks and import dependence.

    From a business standpoint, the strategy could ripple across the value chain. Tiu Laurel noted that a more stable chili pepper output means fewer price spikes for restaurants, food processors, and retailers—especially during peak demand periods such as the holidays.

    The DA chief has ordered weekly public updates on prices and supply starting January, using articles and short-form videos, to reinforce transparency. Typhoons may still cause disruptions, but the goal is to make them the exception—not the rule.

    Tiu Laurel is convinced that growing more chili—sometimes called “red gold” when its prices soar—protect it from the weather, and engage in year-round production will take the heat out of the market. ### (By DA – OSEC Comms & photo by Gian Carlo Luague, AFID)

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