Hunt considers extending energy support for all businesses past March December 15, 2022 Jeremy Hunt is considering proposals to extend energy support for all businesses past March, instead of targeting a package at “vulnerable” industries. The chancellor may scrap his plan to target certain industries from April due to difficulties in getting information on sector-by-sector energy usage. The Financial Times reports that another universal support package would be [...]
City of London to vote on Simpson’s Tavern ‘community value’ designation December 15, 2022 The City of London’s Policy and Resources Committee will decide whether to designate Simpson’s Tavern – the historic City bar and restaurant now threatened with closure – as an asset of community value at a meeting this afternoon. Doing so would mean the site would ensure that the local community would be given the chance [...]
Octopus signs deal with Shell to buy energy from world’s largest wind farm December 15, 2022 Octopus Energy Group has signed a long-term deal with Shell to buy green energy from Dogger Bank, the world's largest wind farm.
OEUK hires industry veteran David Whitehouse as new chief executive December 15, 2022 Industry body Offshore Energies UK (OEUK) has named industry veteran David Whitehouse as its new chief executive.
Avanti West Coast’s incompetence is giving business a bad name December 15, 2022 The reputation of business and market capitalism as a whole can be battered and bruised by just one badly-performing company - like Avanti.
Mini budget drama: UK banks face wave of ‘exotic’ forex derivatives claims after collapse of Pound December 15, 2022 Legal disputes between banks and their business customers are expected following the collapse in the value of sterling against the U.S. Dollar and the volatility of other currencies. The dramatic volatility of currencies over the last few months will have led to many businesses facing substantial losses from complex Forex derivatives contracts they had entered [...]
Ofwat hikes water bills for businesses December 15, 2022 Business customers face a 6.4 per cent hike to their dual water and wastewater bills, confirmed watchdog Ofwat
Ofgem unveils investment plan to bolster transmission services December 15, 2022 Ofgem has published its investment plan for transmission services designed to connect more renewable projects to the grid.
City Moves: Who’s switching jobs in the Square Mile? December 15, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. PKF Littlejohn Canary Wharf-based accountancy firm PKF Littlejohn has appointed an insolvency, credit and debt veteran its lead its new creditor services team. James Linton, who brings over 15 years of experience to the role, will help [...]
EXCL – UK investors abandon Sunak and Hunt as only one in four have faith in Tory economic policy December 15, 2022 Just over one in four UK investors have faith in Tory economic policy, with the majority concerned about slowing economic growth, according to new research shared exclusively with City A.M. today. In fact, less than a third believe Jeremy Hunt is the right person to be chancellor. Just 27 per cent have confidence in the [...]