News in Brief: January 2023
Tata Steel has begun sales of certified low-CO₂ steel. Known as Optemis, the certified steel is based on savings achieved by the company in the UK and is verified by independent assurance experts DNV.
Severfield has reported strong interim results despite what it describes as a difficult macroeconomic backdrop. The company reported turnover of £234.9M for the six-month period ending 24 September 2022, up from £195.9M in the same period of 2021. Underlying profit before tax also increased by 17 per cent to £12.1M from £10.3M in the previous year.
Construction has begun on Rotherham’s Forge Island development, which will be home to a state-of-the-art cinema, 69-room hotel and five restaurants providing food from around the world. The £47M development is being delivered by developer, Muse, in partnership with Rotherham Council.
Plans to develop the largest, highly sustainable commercial building in Greater Manchester, set within the heart of MediaCity, have been given the green light. The iconic, 11-storey development will be located opposite ITV and The University of Salford media campus.
The City of London Corporation’s Planning Applications Sub-Committee has given the go-ahead green for updated plans from the Museum of London to create a new, world-class cultural destination within a series of historic buildings in West Smithfield. The approved plans mean a secure, sustainable future for the historic market buildings that make up the site, most of which date back to the Victorian Era.