British Gas takes on customers from collapsed energy firms as price crisis deepens November 22, 2021 British Gas has swooped in to supply stranded customers from collapsed firms Neon Reef and Social Energy as the energy price crisis deepens.
BA’s owner IAG could face investigation over Air Europa’s takeover November 22, 2021 British Airways’s owner IAG could face a formal investigation by the UK Competition and Markets Authority (CMA) over the proposed takeover of Spanish carrier Air Europa. The watchdog announced today that it is “considering whether this transaction, if carried into effect, will result in the creation of a relevant merger situation” that could lead to [...]
EV industry welcomes government’s home charging rules November 22, 2021 The EV industry has welcomed the UK Government’s announcement that owners of newly built homes and commercial buildings will need to instal electric vehicle (EV) charging points. The new regulations will lead to 145,000 additional EV chargers installed across the UK every year, and it was announced a few weeks after Prime Minister Boris Johnson [...]
European carbon benchmark prices breach €70 for first time amid colder winter weather and consumption demand November 22, 2021 European carbon prices have sustained record levels, climbing above €70 per tonne for the first time since the European Union’s market was launched in 2005. Monday was the sixth consecutive day of European carbon allowances setting an all-time high. The European benchmark price soared to €70.43 yesterday, amid colder than expected weather and less wind [...]
Coffee prices soar as poor harvests hurt supply November 22, 2021 Coffee shops which have benefitted from the return of office workers are being hit hard by poor harvests in Brazil.
CBI chief: Spectre of inflation is ‘very real’ and larger than we thought November 22, 2021 The chief of the influential business group the Confederation of British Industry (CBI) has warned that inflation is “very real” and is threatening to squeeze British firms. Speaking at the CBI’s annual conference, the group’s director general Tony Danker warned that pay hikes will “spill over” into prices, intensifying the cost of living crisis pinching [...]
Half of Brits are ready for overseas getaways, research shows November 22, 2021 More than half of British adults are planning an overseas holiday in the 12 coming months. Data from travel insurance company Allclear has revealed that 57 per cent of British people actively want to go back to travelling, a 46 per cent increase compared with last year. People aged over 55 will drive demand during [...]
WhatsApp forced to revise privacy policy for Europe after record £190m fine November 22, 2021 Whatsapp will change its privacy policy in Europe following a giant fine by the Irish data protection watchdog earlier this year, according to reports.
London markets boosted by rallying bank stocks as rate hike bets lift sentiment toward sector November 22, 2021 A rally among banks boosted London markets this morning as sentiment toward the sector improved on strengthening prospects of the Bank of England hiking rates. The capital’s premier FTSE 100 index climbed 0.49 per cent 7,258.91 points, while the mid-cap FTSE 250 added 0.30 per cent to 23,561.92 points. The likes of Barclays, NatWest and [...]
UBS: Ex-Morgan Stanley president Colm Kelleher to succeed Axel Weber as chair November 22, 2021 Colm Kelleher has been proposed as the next chair of UBS, the company confirmed this morning.