Rolls-Royce is creating a nuclear unit to ensure that it gets a slice of the global civil nuclear market that the engineer believes will be worth £50bn in 15 yers' time...
...In the face of growing pressure to replace existing dirty power sources with environmentally friendly alternatives, nuclear is firmly back on the agenda. Rolls-Royce is already talking to utilities and reactor vendors around the world, particularly those involved in the design of next-generation reactors, and the newly created 450-strong division could ultimately outstrip the group's marine business and employ several thousands of people - The Independent
Plans for an eco-town near Cambridge have been scrapped after the world's largest medical research charity refused to sell land to developers. Following pressure from residents of the picturesque villages next to the Hanley Grange eco-town site, the Wellcome Trust has announced it will not sell the land to Tesco, which had planned to build 12,800 houses on the site - The Daily Telegraph
Motorists could pay up to £5 to avoid jams by using the motorway hard shoulder in traffic black spots under proposals outlined yesterday. As Alistair Darling, the chancellor, scrapped the 2p increase in fuel duty planned for October, Ruth Kelly, the transport secretary, set out a £6 billion package to tackle road congestion - The Daily Telegraph
Government ministers and senior civil servants are far too inexperienced and spend too little time in the office in the eye's of Britain's leading chief executives, a report has found. The ideal tenure for a leading executive in a top role should be at least five years, a survey of FTSE 100 chief executives found - The Daily Telegraph
Thirty-seven people were killed and 38 injured when a train collided with three vehicles at a rail crossing. The crash happened after a lorry collided with a car and bus which were waiting at the crosing near Marsa Matrouh in northern Egypt, forcing the vehicles onto the tracks - The Independent
Land Securities, the UK's largest commercial property company, warned that the faltering economy could lead to further falls in capital values in the struggling property sector. Although the company said it had continued to work on lettings during the second quarter, the amount of empty property it was holding rose slightly from the 3.4 pc to 3.5pc during the period - The Daily Telegraph