The Anonymous Widower

World’s Top Wealth Fund Puts Billions Into Britain

The title of this post is the same as that of a news story on the front page of today’s copy of The Times.

There is a subtitle to the article.

UK will be stronger after Brexit, Norwegians say.

Some points from the article.

  • Norway’s wealth fund is worth £740billion.
  • The fund owns £62billion of UK investments.
  • Britain is the third largest market for their investments.
  • The fund works to a thirty-year-plus investment strategy.
  • The fund is co-owner of Regent Street.
  • The fund is a top five investor in companies.

I feel a smidgen of pride, that Artemis, which was the project management software, that  I wrote; in the late 1970s, had played small part in the creation of Norway’s wealth from oil and gas.

February 28, 2019 Posted by | Finance, World | , , | 1 Comment

Is Brexit Stoating About Coming To An End?

As a Control Engineer, I know that all systems  tend to an equilibrium.

As we approach the 29th of March, I see signs of actions, that are nudging us towards a deal, that will be acceptable to enough people.

  • Corbyn and May still have their own internal party problems, but both have moved slightly to a position, that could get a deal through Parliament.
  • The EU was also said to be more accommodating about a change to the backstop, by a Government minister.
  • Honda’s closure of UK manufacturing, seems to have added a dose of reality. Even though, I don’t feel Brexit was the major reason for closure.
  • Hard-liners on both sides seem to have stopped shouting so loud.
  • Companies are taking decisions, that will work in all eventualities.
  • The City is still announcing more mega office and residential towers, as are Birmingham, Liverpool and Manchester, to name but three cities.

It’s just like an airliner landing after a very bumpy flight from Australia, where somebody forgot to load any alcohol! A lot of panic, but then reality kicks in.

I think we’ll see a deal passed by Parliament in time for a March 29th Brexit, despite the Democratic Unionist Party saying No! They always do, as it’s the only word in their political dictionary, which is the smallest book in the world.

Enough of the Labour Party will vote for it and the Rees-Moggies will reluctantly give their support.

I will be relieved when it’s all over!

 

February 27, 2019 Posted by | World | , , , | Leave a comment

Class 710 Trains Have Been Seen Running On The Gospel Oak To Barking Line

According to the RidingTheGoblin Twitter feed, 710261 has been seen in the bay Platform 3 at GFospel Oak to Barking Line.

Could it be that, that most unlikely of things happens; Class 710 trains start running on the Gospel Oak to Barking Line before Brexit?

To many people in North East London, the new trains will make a greater positive difference to their lives, than a leap in the dark.

February 27, 2019 Posted by | Transport, World | , , , | Leave a comment

Royal Mint Gardens

Royal Mint Gardens is a housing development to the East of Fenchurch Street and Tower Gateway stations.

These are a few pictures of the development.

But this doesn’t tell the full story.

This Google Map shows the position of the development.

Note.

  1. Fenchurch Street station is towards the top-left corner of the map.
  2. The c2c tracks running to the East from Fencurch Street station.
  3. Tower Gateway DLR station is just to the right of the centre, just above the green space.
  4. The tracks of the Docklands Light Railway running to the East from Tower Gateway DLR station.

The three concrete towers at the right of the map, lying to the South of the railway tracks, are the three structural towers of Royal Mint Gardens.

This Google Map shows a close up of Royal Mint Gardens.

Note how the Docklands Light Railway splits into two to the East of the development.

  • The Northern pair of tracks skirt the development to the North to go to Tower Gatewat DLR station.
  • The Southern pair of tracks go underneath the development to go to Bank DLR station.

The new development has put the Bank branch in a concrete tunnel.

So in an area of the world, where land is a very expensive commodity, this area is being used twice at the same time.

Royal Mint Gardens On The BBC

BBC London television has been covering various aspects of the building of Royal Mint Gadens in local news for most of the day.

The developer, the architect, Network Rail and the reporter, all seemed very positive about what is being created.

The architect felt up to 250,000 houses could be created on similar sites across London.

How many houses could be built over rail lines in the rest of the UK?

Conclusion

Building over rail lines like this, will increasingly be seen as a way of adding new housing in densely populated cities.

 

 

 

 

 

February 26, 2019 Posted by | Transport, World | , , , , , , | Leave a comment

Woodsmith Potash Mine: Showcasing The Future Of Underground Technology

The title of this post is the same as that of this article on Mining Technology.

These are some points from the article.

  • Yorkshire is the world’s only source of mined polyhalite.
  • £3.2billion has been invested.
  • A 32 km. tunnel is being dug to bring the plyhalite to Wilton on Teesside.
  • At 1.5 km deep, it will be the deepest mine in Europe.
  • Sirius are saying it will reduce the UK’s trade deficit by 7%

It is a fascinating read, which lays out the financing and engineering of one the biggest projects in the UK.

 

February 25, 2019 Posted by | Finance, World | , , | Leave a comment

5,120 Tonne Loading Test Above Moorgate Tube Station

The title of this post is the same as that of this article on IanVisits.

Ian’s article is a fascinating insight into how the foundations of some new tower blocks will be tested.

It is a must-read.

February 24, 2019 Posted by | World | , , | Leave a comment

Ban Gas Hobs And Heating In Six Years, Ministers Told

The title of this post is the same as that as an article on the front page of yesterday’s copy of The Times.

This is the first paragraph.

Gas boilers and cookers should be banned in new homes within six years to meet Britain’s legally binding emissions targets, the government’s climate change advisory body recommends today.

I don’t like gas, as I find that naked gas flames affect my health, so I cook electric.

In addition to its role in carbon dioxide production, I don’t like the safety problems with gas.

Would the Grenfell disaster have been so serious, if there had been no gas in the building?

 

February 22, 2019 Posted by | World | , , , | 2 Comments

Institutional Investors ‘See Energy Storage As Most Interesting Renewable’ Option

The title of this post is the same as that of this article on Energy Storage News.

This is the first two paragraphs.

A new poll has identified energy storage as the most promising technology for institutional investors keen on renewable assets, amid plans by many to ramp up allocations.

Nearly two-thirds of all asset owners and managers quizzed by the firm chose batteries and other energy storage technologies as the renewables subsector with the greatest potential.

I suggest you read the rest.

The last paragraph talks of Arlington Energy building a portfolio of 1GW of energy storage and gas peaker projects and has raised £200million for starters.

If I was an engineer involved in the development of nuclear power, I would be seriously thinking of looking for a new challenge.

 

February 20, 2019 Posted by | Finance, World | , | Leave a comment

Is County Lines Just Another Gig Economy?

County Lines is to me just an efficient way to satisfy a need., like Uber or Deliveroo!

It is just another branch of the gig economy!

Who knows, what will be delivered in this way after the inevitable no-deal Brexit?

February 19, 2019 Posted by | World | , , | Leave a comment

Nearly Half Of Institutional Investors To increase Interest In Renewables & Energy Storage

The title of this post is the same as that of this article on Windpower Engineering and Development.

To build a successful and ultimately profitable wind farm, you need the following.

  • A good location and excellent engineering.
  • A need for your electricity.
  • Access to affordable finance.

The first is down to your surveyors, analysts and engineers and the second can probably be taken as read.

If as the article suggests, institutional investors are seeing renewables as a safe investment, it would appear that finance will be more readily available.

So provided the wind blows, I can see lots more wind farms and other renewable power sources being created.

International Institutional Investors

I will add one note of caution.

Some of our infrastructure in the UK, is owned by institutional investors from countries like Australia, Canada, Norway and other countries often rich in natural resources. I am not sure, but I seem to remember that some trains, were financed by money provided by Pension Funds of Canadian teachers.

So, we must be careful how we manage the country, as if the UK is seen to be a risky investment, then the institutional investors will use their money in other countries.

February 14, 2019 Posted by | Finance, World | , | Leave a comment