Business
UK Government unveils plan to ‘train up next generation of clean energy workers’
Thousands of young people in Scotland will benefit from skilled “clean energy jobs”, the UK Government has said, as it launched its plans to “train the next generation of energy workers”.
Energy Secretary Ed Miliband said the new plan places Scotland “at the very heart of the clean energy revolution”.
The Government said Scotland will see up to 60,000 jobs in greener energy by 2030 – a 40,000 increase from 2023.
Across the UK, it expects employment to double to 860,000 by the end of the decade, including nuclear energy.
It said 31 “priority occupations” had been identified for the switch away from fossil fuels, including plumbers, electricians and welders.
As part of the transition, the Scottish Government said on Sunday it would jointly invest £18 million with the UK Government to enable thousands of North Sea workers to access tailored support to make the change to more sustainable energy.
UK ministers said their new plans include proposals to ensure people in these jobs have “world class pay, terms and conditions”.
They said this includes closing loopholes to extend employment protections enjoyed by offshore oil and gas workers working beyond UK territorial seas.
Initiatives were also announced to encourage more veterans, ex-offenders and unemployed people into the sector.
The UK Energy Secretary said: “Communities across Scotland have long been calling out for a new generation of good industrial jobs.
“The clean energy jobs boom can answer that call – and today we publish a landmark national plan to make it happen and places Scotland at the very heart of the clean energy revolution this Government is delivering.
“Our plans will help create an economy in which there is no need to leave your home town just to find a decent job.
“Thanks to this Government’s commitment to clean energy a generation of young people in Scotland can have well-paid secure jobs, from plumbers to electricians and welders.
“This is a pro-worker, pro-jobs, pro-union agenda that will deliver the national renewal our country needs.”
Scottish Energy Secretary Gillian Martin said: “Scotland’s innovation, expertise and vast renewable energy resources will not only benefit the planet – but deliver new economic opportunities and new jobs for households and communities across the country.
“This continued and expanded funding to the Oil and Gas Transition Training Fund will support more offshore workers to take on different roles across the sustainable energy sector over the next three years – helping to deliver a fair and managed transition to the sector.
“We will continue to explore how best to support Scotland’s energy skills transition, working closely with the UK Government on options like guaranteed interview schemes, redeployment pools and skills passporting.”
Scottish Secretary Douglas Alexander added: “From offshore wind to carbon capture, Scotland is uniquely positioned to lead our clean energy revolution with world-class resources and skilled workers.
“Harnessing the potential of clean energy is an unmistakable example of how the UK Government is delivering for Scotland.
“These 40,000 new opportunities will benefit a generation of young people across Scotland and represent a pivotal moment in our mission to boost economic growth across all parts of the UK.
“This UK Government is putting money directly into the pockets of hardworking Scots.
“This comes alongside Great British Energy’s launch in Aberdeen, which is already unlocking significant investment and helping to create skilled jobs as we make Britain a clean energy superpower.”
Business
Novo Nordisk CEO says the drugmaker is more active than ever in seeking out deals
Novo Nordisk is looking for deals more than ever before, the CEO of the Danish drugmaker said in an interview with CNBC on Wednesday.
“If our ambition is to help hundreds of millions of patients out there, then we need not just the best, but the broadest pipeline in the world,” said Novo Nordisk CEO Mike Doustdar. “So let’s go and see who else basically has assets that are complementary to what we have. And we are quite active with those [business development] talks and acquisitions, and you’ll see more of those as well going forward.”
Novo created the market for GLP-1 weight loss drugs with its weekly shots Ozempic and Wegovy. More recently, the company has faced concerns from analysts about whether Novo’s pipeline is robust enough for it to remain a leader in the increasingly competitive obesity drug space.
Mike Doustdar, chief executive officer of Novo Nordisk A/S, during an interview in New York, US, on Wednesday, Feb. 11, 2026.
Michael Nagle | Bloomberg | Getty Images
Rival Eli Lilly has already overtaken Novo in market share for weekly GLP-1 shots, though Novo has taken an early lead in the new category of GLP-1 pills for weight loss.
Doustdar said he disagrees with the concerns about Novo’s upcoming treatments, arguing the drugmaker has “one of the best pipelines in the industry.” He pointed to Novo’s CagriSema, a drug candidate that targets GLP-1 and amylin, that Novo hopes will be approved at the end of this year, and an experimental amylin-targeting drug called zenagamtide that Novo has accelerated development of, among other assets.
“Of course, there’s a lot of things in my pipeline that right now I have the privy to look into and get excited (about) but not have shared it yet with the world,” he said. “So I am incredibly excited about our pipeline, and I would just say to the investors who are a little bit skeptical, wait and see.”
Doustdar spoke to CNBC after the company said its Wegovy pill performed better than expected in the first quarter, and it raised its full-year profit guidance.
Business
Up to 150 former WHSmith high street stores to close
The stores were purchased by Modella Capital last year, and then rebranded under the name TGJones.
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US stock markets today (May 6, 2026): Wall Street rallies to record highs, crude oil tumbles on Strait of Hormuz reopening hopes – The Times of India
US stock markets surged on Wednesday while oil prices plunged sharply as investors bet on a possible breakthrough in US-Iran negotiations that could reopen the Strait of Hormuz and restore global crude supplies, AP reported.The S&P 500 climbed 0.8 per cent and headed towards another record close. The Dow Jones Industrial Average rose 487 points, or 1 per cent, while the Nasdaq Composite gained 0.8 per cent.Brent crude, the international oil benchmark, slumped 5.7 per cent to $103.61 per barrel after falling from levels above $115 earlier this week. At one point during the session, Brent briefly dropped below $97 before recovering some losses.The rally came after US President Donald Trump said the Strait of Hormuz could be “OPEN TO ALL” if Iran accepts a reported agreement, though he did not disclose details of the proposed deal.The Strait of Hormuz has remained at the centre of the global energy crisis since the Iran conflict disrupted oil tanker movement through the Persian Gulf, pushing crude prices sharply higher and stoking inflation fears worldwide.Markets also drew optimism from Trump’s indication that the US may scale back efforts to reopen the strait through military means, while China called for a comprehensive ceasefire after talks between Chinese and Iranian foreign ministers.Asian and European markets also rallied strongly. South Korea’s Kospi surged 6.5 per cent to cross the 7,000 mark for the first time, while Hong Kong’s Hang Seng rose 1.2 per cent. London’s FTSE 100 gained 2.2 per cent and France’s CAC 40 climbed 2.9 per cent.On Wall Street, technology and AI-linked stocks led gains after strong earnings reports.AMD jumped 19.3 per cent after reporting better-than-expected quarterly profit and revenue. CEO Lisa Su said continued growth in artificial intelligence demand had boosted the company’s performance.The chipmaker also projected revenue growth of around 46 per cent in the current quarter.Super Micro Computer rallied 14.2 per cent after posting earnings above analyst estimates.CVS Health gained 8.2 per cent after beating first-quarter expectations and raising its full-year forecasts.Stocks of companies with high fuel costs also rose sharply amid hopes of lower oil prices. United Airlines climbed 5.2 per cent, while Carnival and Royal Caribbean gained 5.5 per cent and 5.2 per cent, respectively.In the bond market, Treasury yields fell as easing oil prices reduced inflation concerns. The yield on the 10-year Treasury dropped to 4.35 per cent from 4.43 per cent a day earlier.Lower bond yields generally reduce borrowing costs for households and businesses and tend to support equity valuations.
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