Central banks need to steady their course despite choppy weather March 22, 2023 Much ado about nothing? Hardly. The loss of Credit Suisse, and the wipeout of Coco bond holders, will have consequences for years to come – but for now at least it appears as if the guardrails are holding. Attention will now inevitably turn to the Federal Reserve and, the day after, the Bank of England. [...]
Milk, meat and fruit worst affected as supermarket groceries DOUBLED in cost over last year, Which? says March 22, 2023 The cost of some everyday groceries has more than doubled over the last year, consumer brand Which? has found. The company analysed inflation on more than 25,000 food and drink products at eight major supermarkets – Aldi, Asda, Lidl, Morrisons, Ocado, Sainsbury’s, Tesco and Waitrose. Which? looked at the average price of the products in the three [...]
Businesses need ‘carrot and stick’ to boost energy efficiency and drive down bills, Npower argues March 22, 2023 Businesses need help to drive down bills and meet the UK's net zero goals, argued the COO of Npower Business Solutions.
Shell will defend ESG targets to shareholders ahead of activist showdown March 22, 2023 Shell will defend its lack of scope three emission targets at its annual ESG update tomorrow, City A.M. has learned.
Cost of UK energy imports more than doubles as North Sea body urges government to back British oil and gas March 22, 2023 The UK’s energy import bill more than double last year, amid an increasing reliance on overseas supplies, revealed Offshore Energies UK.
Rolls-Royce joins forces with Fortum to explore SMR projects March 22, 2023 Rolls-Royce SMR has teamed with Fortum up to explore opportunities to develop small modular nuclear reactors in Scandinavia.
Trafigura and Vitol could step up trade in Russian oil, CEOs admit March 22, 2023 Global energy traders Trafigura and Vitol are considering whether to resume more trade in Russia's oil, their CEOs said yesterday.
Government allocates £1.8bn funding for energy efficiency boost across UK homes and public buildings March 22, 2023 The government has allocated over £1.8bn to boost energy efficiency and cut emissions across homes and public buildings across England.
Nearly every sector of UK economy powers away from feared recession March 22, 2023 Nearly every sector of the UK economy is powering away from a recession that was much-tipped at the turn of the year, a new survey out today shows. Some 11 of the 14 sectors monitored by Lloyds Bank are producing more than they did a month ago, the highest number in nearly a year. The [...]
Billions could be saved by building a flexible electricity system March 22, 2023 The UK could be saving around £17bn every year if it builds a flexible electricity system, MPs have been told.
