US inventories prop up oil prices amid Omicron uncertainty December 22, 2021 Oil prices have stabilised following five per cent drops on Monday, after US crude inventories revealed larger-than-expected declines.
Sony-Zee merger to form Indian entertainment giant to rival Disney and Netflix December 22, 2021 Sony’s Indian arm has reached a deal with Indian rival Zee Entertainment to create the second biggest entertainment network in India. The Indian unit of the Japanese conglomerate will merge 75 television channels, film assets and two streaming platforms with Zee Entertainment, in a bid to compete with streaming rivals Netflix and Disney in India. [...]
Outlook 2022: CIO and markets December 22, 2021 | City Talk Equity returns will be more muted, but still positive, in 2022, supported by solid corporate earnings. Inflation remains a concern and will put pressure on central banks to start to raise rates. The latest Covid-19 variant – Omicron – is already leading to partial lockdowns, which could lead to slower growth at the start of [...]
Taxpayer bill for Bulb could top £1bn as energy prices soar December 22, 2021 Running failed energy supplier Bulb could could cost taxpayers over £1bn as the price of gas continue to rocket, according to reports. Bulb was left to shoulder the spiralling cost of gas after administrators were instructed, at short notice, by the government to buy most of its wholesale energy needs, sources told The Times, which first [...]
European gas prices reach record highs as flows on key pipeline move towards Russia December 21, 2021 European gas prices hit record levels on the same day power prices peaked on the continent, as flows on the Yamal-Europe pipeline moved eastwards.
Nostrum Oil & Gas shares slide amid plans to reduce stake of its shareholders December 21, 2021 Shares in Nostrum Oil & Gas tanked 38 per cent on the London Stock Exchange after it suggested reducing the influence of its stakeholders.
As Omicron cases surge, question of ‘when, rather than if’ Covid new restrictions are coming December 21, 2021 As Covid infections surge across London and the rest of the UK, healthcare leaders have said it is now a question of “when, rather than if” new restrictions will be enforced. NHS Confederation chief executive Matthew Taylor has suggested the introduction of stricter measures is inevitable amid the rapid spread of coronavirus fuelled by the [...]
Gas exports to Europe fall again as supply shortages and cold winter causes prices to surge December 19, 2021 Russian natural gas deliveries through the Yamal-Europe pipeline dropped sharply on Sunday amid surging energy prices across Europe.
Oil prices slide amid surplus fears as Omicron hits demand December 19, 2021 Oil prices have dropped again as fears over the Omicron variant and its effect on demand spread across the market.
FTSE 100 lifts 0.13 per cent on better than expected November retail sales December 17, 2021 The FTSE 100 is up 0.21 per cent this morning after retail sales made a stronger than expected recovery in November.