Household energy bills to rise 54 per cent to nearly £2,000 per year February 3, 2022 Household energy bills will rise to £,1971 per year from April 1, after Ofgem announced its latest update to the consumer price cap.
Rishi Sunak to offer council tax rebates and cuts to protect households from rising energy bills February 3, 2022 The Treasury is preparing a council tax rebate scheme as part of Chancellor Rishi Sunak's plans to ease the pressure on UK households this spring.
Oil prices ease after OPEC+ meeting February 3, 2022 Oil prices have eased but remain close to the $90 milestone after OPEC+ producers stuck to planned moderate output increases.
Shell rakes in hefty profits as it announces $8.5bn buyback plan February 3, 2022 Shell has raked in $6.4bn in profits over its fourth quarter, while completing $1.7bn of share buybacks following its move to London.
CMA slaps pharma firms with £35m fine for illegal anti-nausea tablet arrangement February 3, 2022 Four pharmaceutical firms have been hit with an eye-watering £35m fine for an illegal arrangement in the supply of prescription NHS tablets.
Households braced for 50 per cent hike in annual energy bills February 3, 2022 Ofgem is set to unveil its update to the consumer price cap, with millions of UK households bracing for a painful price hike in energy bills this spring.
Antofagasta tumbles on the London Stock Exchange as Chile warns of tax hikes February 2, 2022 Shares in multinational miner Antofagasta have dropped 4.9 per cent on the FTSE 100, after Chile hinted at heavy tax rises.
OPEC+ sticks to oil output increases despite members failing to hit agreed targets February 2, 2022 OPEC and its allies such as Russia (OPEC+) have stuck to agreed plans to raise production by another 400,000 barrels per day in March.
Centrica chief executive named as chairman of Spirit Energy in management shake-up February 2, 2022 Centrica's chief executive Chris O'Shea has been named chairman of Spirit Energy's board, with the energy firm shaking up its senior team.
Gas prices rise amid Yamal-Europe pipeline turbulence and Ukraine tensions February 2, 2022 Gas prices have recovered from a mini-slump this month after flows in the Yamal-Europe pipeline were halted in both directions.
