Shapps slams Ofgem for being in thrall to energy firms February 6, 2023 Ofgem is in the crosshairs of Business Secretary Grant Shapps, who has accused them of failing to regulate the industry properly.
National Grid demands warming up of coal unit as UK braces itself for a further icy blast February 6, 2023 National Grid has called for one of the UK's remaining coal units to be warmed up to ease potential pressures on operating margins.
Beyonce is most decorated artist of all time with 32nd Grammy, as Adele, Sam Smith and Harry Styles scoop major gongs February 6, 2023 Beyonce has become the most decorated Grammy artist of all time, collecting her 32nd trophy at this year’s ceremony. The pop superstar, 41, made history as she won the best dance/electronic music album award for her house music-sampling album Renaissance. This took her one higher than the previous record, held by Hungarian-British conductor Georg Solti, [...]
Only two new onshore wind turbines were built in England last year, reigniting calls for planning reform February 6, 2023 Just two onshore wind turbines were installed in England last year, as the industry awaits pledged planning reforms for new projects.
Regulator’s fraud reimbursement scheme is ‘fundamentally flawed’, top MP says February 6, 2023 The Payment Systems Regulator’s (PSR) new fraud reimbursement scheme is “fundamentally flawed,” Chair of the Treasury Committee Harriet Baldwin has said. The PSR is considering using its statutory powers to force Pay.UK – Britain’s interbank payments standards body – to amend its rules to ensure fraud victims are reimbursed by banks, according to draft proposals [...]
Business lending to drop at fastest rate in decades as recession fears intensify February 6, 2023 Bank to business lending is forecast to contract sharply in 2023 while mortgage lending will grow at its slowest pace since 2011 as fears of recession intensify, economists have predicted. According to the latest forecast from EY Item Club, an economic forecasting group, bank to business lending is expected to contract 3.8 per cent this [...]
Energy crisis: Can someone shine a light on the Bulb takeover deal? February 6, 2023 Octopus' takeover deal for Bulb is set to cost the taxpayer much less than originally feared, but the deal remains shrouded in secrecy.
Avanti not ‘out of the woods yet’ as contract renewal decision looms February 6, 2023 Avanti West Coast is not “out of the woods yet”, a top MP has warned, as the government decides whether to renew the operator’s contract. Rail minister Huw Merriman has said he will make a decision on Avanti’s contract soon, with the extension set to expire in April. Merriman said it will be based “on [...]
Big Four look to hire London’s laid-off bankers to bolster their M&A teams February 6, 2023 The Big Four accounting firms – Deloitte, EY, KPMG and PwC – are seeking to hire laid-off bankers to bolster the ranks of their M&A advisory arms in the City. Top execs told City A.M. the world’s biggest professional services firms are seeking to capitalise on the downturn in big M&A deals by poaching talent [...]
EY says it does not owe ‘duty of care’ to taxman in fight over property magnate’s tax affairs February 6, 2023 EY has said it is under no obligation to help HMRC collect more taxes in defending itself against a High Court lawsuit over a British property magnate’s tax affairs. The Big Four accounting firm said it owed no “duty of care” to HMRC to have given it information that could have helped it collect more [...]
