Goto Energy collapses amid energy price crisis October 18, 2021 Goto Energy has ceased trading. It is 16th energy supplier to go bust this year and the 13th since the crisis began in September. The sector is struggling to cope with record high gas prices. Soaring wholesale costs combined with the £1,277 price cap on the average energy customer has resulted in many energy firms [...]
Goto Energy ceases trading – CityAM : CityAM October 18, 2021 Goto Energy has become the 16th energy supplier to cease trading this year. The sector is struggling to cope with record high gas prices. Soaring wholesale costs combined with the £1,277 price cap on the average energy customer has resulted in many energy firms facing urgent financial difficulties. Ofgem will designate a new supplier to [...]
Caffé Nero to expand coffee shop network as it nears pre-Covid sales October 18, 2021 Caffe Nero is set to expand its network of coffee shops with “dozens” of new stores over the next year, as its sales climb towards pre-pandemic levels. The café chain has been making headway with its post-Covid-19 recovery, hailing it being cash positive for the past 11 months in its latest trading update. Nero sales [...]
Gupta’s GFG files High Court claim against AIP amid French smelter row October 18, 2021 Sanjeev Gupta’s GFG Alliance has filed a claim against American Industrial Partners (AIP) with the High Court amid a row over an aluminium smelter in France. A GFG spokesperson said: “GFG’s opinion is that AIP has unlawfully expropriated the valuable aluminium smelter, located in Dunkerque, France, belonging to GFG’s ALVANCE Aluminium business. “Despite GFG providing [...]
Government to force big business to reveal green credentials October 18, 2021 The government will force big businesses, large money managers and institutional investors to reveal their sustainability credentials under a fresh green reporting regime launched today. Under the new rules, launched by the Treasury, every investment product must for the first time ever break down the environmental impact of the activities it funds. Businesses will have [...]
Nord Stream 2 fills pipeline with gas ahead of regulatory approval October 18, 2021 Nord Stream 2 has been filled with “technical gas” while awaiting clearance from Germany’s regulator. The pipeline’s Swiss operator Nord Stream 2 AG has filled the first of the project’s two lines with 177 million cubic metres of gas in order to maintain pressure in the pipeline for future exports. The newly constructed 764-mile pipeline [...]
Facebook and Instagram promoting ‘misogyny,’ investigation finds October 18, 2021 Social media giants like Facebook are set to face further questions after a new investigation has revealed platform algorithms actively promote misogynistic content to certain users. Facebook and Instagram users who show signs of hostility towards women online are more likely to then have pages recommended to them that reference sexual violence, disturbing memes about [...]
Sam Torrance: Even players as good as Rory McIlroy need self-belief too October 18, 2021 Rory McIlroy and Matt Fitzpatrick would have organised all of their schedules around trying to peak at the Ryder Cup last month. So even though they were part of a European team that was heavily beaten, it is no huge surprise to see them playing well soon afterwards. McIlroy bounced back with victory over a [...]
Skills in the City: financial services sector looks to the future October 18, 2021 To what extent should organisations that compete fiercely to attract new recruits (and for business overall) be collaborating when it comes to enhancing their workforces’ skillsets? It’s tricky to imagine many of the Square Mile’s biggest names freely sharing their training programmes outside their own four walls. ‘Sure, we’ll just send you what we do [...]
Maybe 2023: BrewDog momentum for London listing stalls October 18, 2021 BrewDog’s momentum for a market debut in London appears to have slowed as the brewing operation eyes 2023 for a float.“Could it be sometime in 2022? Maybe. 23? Maybe,” CEO and co-founder James Watt told The Daily Telegraph.Watt was keen to distance the listing cooling from ex-staffers’ claims of a “culture of fear” at BrewDog. [...]
