East Lancs set for months of roadworks as part of £250m project
According to SP Energy Network (SPEN), the works will increase capacity on the local network, ensuring it remains fit for purpose as people make greener choices and switch to low-carbon technologies like electric vehicles. SPEN's Manweb licence director, Liam O'Sullivan said: 'Over the next 25 years, electricity demand is set to double as people make the move to low-carbon options for transport and heating.
'Our Merseyside and Wirral districts alone forecast to be home to an incredible one million electric vehicles and heat pumps by 2050. That requires an incredible transformation to our network in the region – much of which was built when the Beatles were at their peak!
READ MORE: Live updates as crash shuts busy road near hospital
READ MORE: Restaurant chain closes 74 locations across the UK
'So, we need to modernise and move with the times and that's why we're investing more than £250 million in this area between 2023-2028 – including the new Bootle to Kirkby connection.'
The first phase of construction is scheduled to start on Saturday August 9 along the eastbound side of the East Lancashire Road, between the substation near South Boundary Road and the M57 Junction 5 exit slip road. Work is due to continue until 8 December 2025.
Knowsley Council advised that one lane of the eastbound carriageway will be closed for safety reasons and work will be undertaken between the hours of 7am-5pm, seven days a week.
Workers will be digging sections of the road to replace the old cables, connecting new ones to various points along the network. They will also be digging and installing new cable ducts at a rate of around 25 to 40 metres a day, with clear signage in place along the route.
The local authority also advised motorists that some disruption will be inevitable, but pledged to keep inconvenience to a minimum during the construction process. It confirmed that people will still have full access to homes and businesses and electricity supply will be unaffected.
Addressing the potential transport disruption, SPEN project manager, Chris Cummings said: 'While the works will be completed in short sections along the route, we appreciate there will be some disruption – given this is such a major project. We're doing everything we can to keep that to a minimum and appreciate the support of Knowlsey Council to help us achieve that.
'We will also keep local communities and regional partners informed about what's happening and when and that work is already underway. We apologise for any inconvenience and thank local people in advance for their understanding and support.'
The energy firm added it has worked to ensure all road users are updated on the plans that all impacted locations and traffic management plans for the work will be clearly signposted in advance.
SCHEDULE OF WORKS
August 9 – October 18: Coopers Lane to Alchemy Way
August 15 – October 18: Alchemy Way to Junction 5 slip
August 19 – September 23: South Boundary onto Coopers Lane
September 13-14 and September 20-21 to September 27-28: Moorgate Road Junction
For the latest news and breaking news visit liverpoolecho.co.uk/news
Get all the big headlines, pictures, analysis, opinion and video on the stories that matter to you.
Follow us on Twitter @LivECHONews - the official Liverpool ECHO Twitter account - real news in real time.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
18 minutes ago
- Yahoo
InterContinental Hotels Group First Half 2025 Earnings: EPS Beats Expectations, Revenues Lag
Explore InterContinental Hotels Group's Fair Values from the Community and select yours InterContinental Hotels Group (LON:IHG) First Half 2025 Results Key Financial Results Revenue: US$2.52b (up 8.5% from 1H 2024). Net income: US$469.0m (up 35% from 1H 2024). Profit margin: 19% (up from 15% in 1H 2024). The increase in margin was driven by higher revenue. EPS: US$3.00 (up from US$2.13 in 1H 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period InterContinental Hotels Group EPS Beats Expectations, Revenues Fall Short Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 25%. Looking ahead, revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Hospitality industry in the United Kingdom are expected to grow by 6.0%. Performance of the British Hospitality industry. The company's shares are up 3.2% from a week ago. Risk Analysis Don't forget that there may still be risks. For instance, we've identified 3 warning signs for InterContinental Hotels Group (2 are a bit unpleasant) you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18 minutes ago
- Yahoo
Things Look Grim For Senior plc (LON:SNR) After Today's Downgrade
Explore Senior's Fair Values from the Community and select yours Market forces rained on the parade of Senior plc (LON:SNR) shareholders today, when the analysts downgraded their forecasts for this year. Both revenue and earnings per share (EPS) forecasts went under the knife, suggesting analysts have soured majorly on the business. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Following the latest downgrade, the four analysts covering Senior provided consensus estimates of UK£833m revenue in 2025, which would reflect a chunky 16% decline on its sales over the past 12 months. Statutory earnings per share are anticipated to decline 11% to UK£0.068 in the same period. Prior to this update, the analysts had been forecasting revenues of UK£1.1b and earnings per share (EPS) of UK£0.092 in 2025. Indeed, we can see that the analysts are a lot more bearish about Senior's prospects, administering a pretty serious reduction to revenue estimates and slashing their EPS estimates to boot. View our latest analysis for Senior What's most unexpected is that the consensus price target rose 13% to UK£2.24, strongly implying the downgrade to forecasts is not expected to be more than a temporary blip. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that sales are expected to reverse, with a forecast 29% annualised revenue decline to the end of 2025. That is a notable change from historical growth of 6.0% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 7.3% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Senior is expected to lag the wider industry. The Bottom Line The biggest issue in the new estimates is that analysts have reduced their earnings per share estimates, suggesting business headwinds lay ahead for Senior. Unfortunately analysts also downgraded their revenue estimates, and industry data suggests that Senior's revenues are expected to grow slower than the wider market. The rising price target is a puzzle, but still - with a serious cut to this year's outlook, we wouldn't be surprised if investors were a bit wary of Senior. Still, the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Senior going out to 2027, and you can see them free on our platform here. Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are downgrading their estimates. So you may also wish to search this free list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
18 minutes ago
- Yahoo
Declining Stock and Solid Fundamentals: Is The Market Wrong About Filtronic plc (LON:FTC)?
Explore Filtronic's Fair Values from the Community and select yours With its stock down 21% over the past month, it is easy to disregard Filtronic (LON:FTC). However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. In this article, we decided to focus on Filtronic's ROE. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. How Is ROE Calculated? ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Filtronic is: 40% = UK£14m ÷ UK£35m (Based on the trailing twelve months to May 2025). The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each £1 of shareholders' capital it has, the company made £0.40 in profit. See our latest analysis for Filtronic What Is The Relationship Between ROE And Earnings Growth? So far, we've learned that ROE is a measure of a company's profitability. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes. Filtronic's Earnings Growth And 40% ROE To begin with, Filtronic has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 11% the company's ROE is quite impressive. Under the circumstances, Filtronic's considerable five year net income growth of 76% was to be expected. We then compared Filtronic's net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 7.1% in the same 5-year period. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. This then helps them determine if the stock is placed for a bright or bleak future. Is Filtronic fairly valued compared to other companies? These 3 valuation measures might help you decide. Is Filtronic Making Efficient Use Of Its Profits? Given that Filtronic doesn't pay any regular dividends to its shareholders, we infer that the company has been reinvesting all of its profits to grow its business. Conclusion On the whole, we feel that Filtronic's performance has been quite good. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. With that said, on studying the latest analyst forecasts, we found that while the company has seen growth in its past earnings, analysts expect its future earnings to shrink. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
