Energy price crisis: What can the government do to protect the poorest households? January 13, 2022 City A.M. looks over some of Downing Street’s potential options to reduce the cost of energy bills for the UK's poorest households.
US agency predicts decline in oil prices as producers pledge to boost global inventories January 13, 2022 Increased supplies in global petroleum inventories will cause oil prices to drop, argues the US Energy Information Administration.
Ovo Energy reveals redundancy plans to staff following reports of mass job cuts January 13, 2022 Ovo Energy has now told staff it will cut a quarter of its workforce and axe 1,700 employees, according to BBC News.
Germany plays down links between Nord Stream 2 pipeline and Russia-Ukraine tensions January 13, 2022 German defence minister Christine Lambrecht warned against drawing a link between the Nord Stream 2 pipeline tensions in Ukraine.
Wizz Air issues new €500m bond at minimal premium to repay Bank of England financing January 13, 2022 Wizz Air Holdings (Wizz Air) has issued a €500m bond at minimal premium to pay off Bank of England financing.
Autocentres boost Halford’s revenues despite slump in bike sales January 13, 2022 Halfords has reported two-year revenue growth of 13.9 per cent in its third-quarter trading update, despite softening retail demand.
Yule Be Impressed: Tesco’s profit forecasts boosted by festive spending and soaring sales January 13, 2022 Tesco now expects full-year operating profits to exceed its £2.5-2.6bn guidance , after stronger than expected sales over the festive period.
IEA accuses Russia of putting pressure on Europe’s gas supplies January 12, 2022 The head of the International Energy Agency has slammed Russia, accusing the country of putting pressure on gas supplies to Europe.
North Sea Oil: Equinor faces $1.8bn impairment charge after downgrading production forecasts January 12, 2022 Norwegian energy group Equinor faces an impairment charge of about $1.8 billion after lowering output forecasts for its North Sea oil project.
Oil prices could reach $100 per barrel amid tightening supplies and reduced Omicron fears January 12, 2022 Oil prices could reach to $100 per barrel within months, as supplies tighten and demand strengthens amid reduced Omicron fears.
