Top serious injury lawyer Matthew Clayton joins Middleton Law
Royal Mail tests British-built electric trucks in fleet decarbonisation push
Royal Mail has launched a new trial of electric trucks as part of its efforts to decarbonise its national distribution fleet. It is working in partnership with Rotherham-based EV specialist Magtec.
Two 19-tonne electric trucks, developed by Magtec, will undergo testing against Royal Mail’s existing diesel fleet under real-world operating conditions. The initiative is backed by an £800,000 grant from Innovate UK.
The first vehicle, assembled in the UK and finished in Royal Mail’s signature red, is based at the Greenford Mail Centre in North West London. It will be used for mail collections and deliveries to nearby depots. The vehicle features modular battery options capable of delivering a range of up to 125 miles per charge.
This trial builds on Magtec’s prior involvement in UK government-backed innovation programmes, including those led by the Advanced Propulsion Centre and the Small Business Research Initiative. The company’s new Gen2 EV drive system, which powers the trucks, is designed to improve efficiency and operational reliability for commercial fleets.
Royal Mail operates one of the UK’s largest delivery fleets and is exploring ways to extend electrification beyond its last-mile van operations into its 4,000-strong heavy goods vehicle fleet. The trial will provide operational data to inform the potential scale-up of EV trucks across its network.
National Wealth Fund backs £1.35bn grid upgrade to boost UK renewable energy supply
A major upgrade to the UK’s energy grid has secured £1.35 billion in financing, positioning the North East as a key player in the country’s clean energy transition.
The funding, led by the National Wealth Fund alongside Bank of America, BNP Paribas, Lloyds, and NatWest, will support ScottishPower’s Eastern Green Link (EGL) project. The project involves building offshore electricity cables to transfer renewable energy from Scottish wind farms to England via the North Sea.
The initial phase will connect Scotland to County Durham, with a second phase planned to reach Lincolnshire. The upgrades aim to relieve bottlenecks in the grid that currently force wind farms to shut down and increase reliance on more expensive gas-fired power stations.
Around £600 million of the funding comes from the publicly owned National Wealth Fund, which was established to drive economic growth through decarbonisation and infrastructure modernisation.
This initiative is particularly relevant for high-energy-demand sectors such as data centres, housing development, and advanced manufacturing. By improving transmission capacity, the project is expected to reduce energy waste, lower electricity costs, and support business expansion across the UK.
ZOO Digital expects revenue growth with cost reductions
ZOO Digital Group PLC, a provider of localisation and digital media services to the entertainment sector, forecasts a 22% increase in revenue to $49.4 million for the year ending March 31, 2025. This follows a turnaround from last year’s loss, with an adjusted EBITDA of at least $0.1 million.
The company has achieved $6.8 million in cost savings through reductions in personnel, property, and legal expenses, and plans to implement an additional $1.7 million in savings next year. ZOO’s strong cash position of $2.6 million, alongside unused invoice discounting facilities, positions it well for future needs.
ZOO is adopting AI and offshore investments to streamline operations, aiming for profitability on a lower revenue base. The company also anticipates larger, unpredictable project revenues as clients continue licensing content, while keeping an eye on potential US tariffs on foreign films.
Yorkshire Water activates drought response amid dry conditions
Yorkshire Water has activated its drought plans in response to the driest spring England has experienced in nearly 70 years. Alongside United Utilities and Severn Trent, the company is ensuring adequate water supplies as the risk of hosepipe bans increases across the country.
Data from the Met Office shows that the period from February to April this year was the driest since 1956, with Sheffield’s forecast indicating no significant rainfall until at least May 14. Yorkshire Water’s reservoir levels are currently at 73.1% of capacity, well below the usual 89.5% for this time of year.
Along with other water providers, the company is focusing on two key actions: accelerating leak repairs and redistributing water across regions to support the driest areas. Yorkshire Water is also investing £16 million in reducing leakage and has installed 20,000 smart meters in Sheffield to detect leaks more efficiently. Additionally, the company is replacing 43km of water mains in the Sheffield area over the next two years.
As the demand for water increases, especially on hotter days, customers are encouraged to reduce consumption and help conserve resources. Water UK, the industry body, has called on householders to make minor adjustments to daily routines, particularly in gardens, to alleviate the pressure on water supplies as summer approaches.
Bank of England cuts interest rates to 4.25%
Leeds United’s promotion expected to drive business and tourism gains
Leeds United’s return to the Premier League is set to deliver immediate economic benefits for the city, with tourism, hospitality, and retail businesses likely to see increased activity.
The promotion ends Leeds’s two-year absence from top-flight football and positions Leeds among the most commercially valuable clubs in the UK once again. Premier League status comes with heightened international media exposure, larger matchday crowds, and more lucrative sponsorship and broadcasting opportunities that extend beyond the club to local enterprise.
The uplift in footfall, particularly on matchdays, is expected to benefit city-centre venues, hotels, restaurants, and travel operators. Leeds Beckett University’s Carnegie School of Sport has noted the potential for sustained growth in local tourism and brand visibility for the city due to the club’s elevated profile.
The development marks a key moment for the regional economy, primarily as stakeholders across the public and private sectors aim to capitalise on the renewed national and global attention.