Sustainable aviation fuel take-up in UK unlikely to hit 2025 target, data suggests

The take-up of sustainable aviation fuels is on course to fall short of the UK government’s first annual mandate, official figures suggest.Production data published by the Department for Transport (DfT) covering most of 2025 shows that sustainable fuels (SAF) only accounted for 1.6% of fuel supplied for UK flights – 20% less fuel in volume than the 2% needed to fulfil the requirement.The government introduced the mandate in January, which requires suppliers to hit targets for SAF – which the industry has argued is important for cutting its carbon emissions – within the overall UK aviation fuel mix.Themandatory target rises sharply from 2% in 2025 to 10% in 2030 and then to 22% in 2040, including the use of second-generation fuels that are seen as more sustainable in the long term

Renewed zeal for Boxing Day sales expected to ring up £3.8bn for retailers

UK shoppers are expected to spend £3.8bn this Boxing Day, 2% more than last year, with online sellers experiencing most of that growth but high streets also enjoying a boost from a renewed appetite for post-Christmas bargains.Boxing Day remains one of the busiest shopping days of the year, but in recent years the dash for the high street has eased as more people opt to search for bargains from the sofa.With many discounts kicking off from midnight on Christmas Eve, Christmas Day is now worth more than £1bn in sales, with 23 million people in the UK expected to be buying online shortly after unwrapping their gifts. That is half a million more than last year, according to analysis by the research company GlobalData for Vouchercodes

End of shareholder revolt register ‘will help UK firms bury pay controversies’

UK-listed companies will be able to bury controversies over executive pay for the first time in eight years, a thinktank has warned, after the Labour government shut down a public tracker meant to curb “abuses and excess in the boardroom”.The public register was launched under the Tory prime minister Theresa May in 2017 to name and shame companies hit by shareholder revolts at their annual general meetings (AGMs). That included rebellions over issues such as excessive bonuses or salary increases for top earning bosses.However, the Treasury – under the chancellor, Rachel Reeves – instructed the Investment Association (IA), the UK asset management trade body that maintained the register, to shut it down this autumn as part of a wider regulation action plan to increase economic growth by cutting “red tape” for businesses. The closure of the public log follows lobbying campaign by companies including the London Stock Exchange, whose bosses claim bad publicity over executive pay is harming the City’s competitiveness and deterring UK listings

‘Nostalgic and calming’: lava lamps are groovy again as sales glow

Depending on your age, you may remember them from Doctor Who and The Prisoner in the 1960s, or from TFI Friday and the Big Breakfast in the 90s. Or if you’re young enough, you might not remember them at all. But now it seems lava lamps are back.Rising sales would suggest a third wave of the lava lamp phenomenon is on the horizon, thanks to the ongoing trend towards mid-century interiors and gen Z’s fascination with the late 90s and early 2000s.Cressida Granger, the managing director of the British lava lamp pioneers Mathmos, said there had been a surge in interest in its lamps

Security bosses warn of rise in UK building site thefts by organised crime

Thefts of tools and equipment from building sites are increasingly being carried out by organised criminal groups, according to security bosses, amid warnings that the crimewave could accelerate during the Christmas construction shutdown.Copper cables, tools and even telehandlers and diggers costing tens of thousands of pounds have been stolen in recent months, according to the security firm Kingdom Systems.Now there are concerns that there could be a spate of thefts during the annual closure of construction sites, which sometimes last as long as two weeks over the festive period.Criminals often exploit long winter-nights as they look to break into sites, hoping to make off with the most costly tools and equipment stored there.“Darkness helps thieves to move in the shadows,” said Paul Worsley, the chief services officer at Kingdom Services, which runs temporary CCTV for more than 100 construction sites across Scotland and northern England

S&P 500 and Dow hit record highs as Santa rally reaches Wall Street – as it happened

The fabled Santa rally has reached the New York stock exchange!The S&P 500 index of US company shares has hit a record high today, on a shortened Christmas Eve trading session. It touched a new intraday record high of 6,921.42 points, surpassing its previous peak in October.The rally comes as investors continued to bet on more interest rate cuts from the Federal Reserve next year.There’s also lingering relief that yesterday’s GDP report showed the US economy grew rather faster than expected in the July-September quarter