BP to unveil bumper profits as Brits face record energy bills this winter July 31, 2022 BP will follow in the footsteps of their rivals and unveil record quarterly profits next Tuesday, as Brits face record energy bills this winter.
Octopus Energy calls for £1bn hedging support to finalise Bulb Energy deal July 31, 2022 Bulb's future could finally be settled in the coming weeks, provided the Government coughs up £1bn in taxpayer funds.
Ringfencing risks driving up energy bills, warns Cornwall Insight July 30, 2022 The cost of ringfencing consumer credit balances will risk adding more costs to bills "at a time when consumers can ill afford them" says Cornwall Insight.
Network Rail chairman: Reconciliation is on the horizon between unions and rail bosses July 30, 2022 Reconciliation is on the horizon for British railways, Network Rail’s chairman has said, after disputes over pay between unions and bosses have trains at a halt. The RMT union last week rejected an eight per cent pay rise over the next two years, alongside 75 per cent off rail travel for family members, in what [...]
Severing business ties with China risks weighing on UK economy, says CBI boss July 30, 2022 Severing ties with Chinese business risks weighing on the UK’s cost of living crisis, the boss of the Confederation of British Industry (CBI) has cautioned today. Worsening relations between Beijing and the West has piled scrutiny onto Chinese businesses and investments, including the move in 2020 to remove Shenzhen-based Huawei from UK 5G infrastructure, and [...]
US and Japan to split semiconductor research amid national security concerns July 30, 2022 The US and Japan have inked an agreement to set up a shared research centre for next-generation semiconductors, as supply of the in-demand tech becomes increasingly tied to national security. At a meeting in Washington on Friday, Japanese trade and foreign ministers Koichi Hagiuda and Yoshimasa Hayashi, with US secretary of state Antony Blinken and [...]
Ofgem orders Tru Energy to improve handling of direct debits July 30, 2022 TruEnergy has been slapped with a provisional order, compelling the supplier to take action so that its direct debit policy is fit for purpose.
Headspace: Why imposter syndrome grips even the high-flying July 30, 2022 Each month City A.M.’s mental health columnist Alejandra Sarmiento writes about the Square Mile’s often-taboo subjects – and how you can deal with them Franz Kafka is best known today as one of the most influential writers of the 20th-century. The author of masterpieces such as “The Metamorphosis” and “The Trial,” Kafka was, in fact, [...]
‘The Great Resignation could be followed by a Great Redundancy,’ DWF chief says July 29, 2022 A downturn in the legal market could see widespread layoffs in the City’s top-ranking law firms, the head of London listed law firm DWF told City A.M. The lawyers that jumped ship in “big numbers” in pursuit of six-figure salaries in London’s most prestigious firms could soon be laid off, as the top firms make [...]
Eurozone inflation surges to fresh record high dialling up pressure on ECB July 29, 2022 Prices are rising are the fastest pace on record in the eurozone, figures published today revealed. Inflation surged to 8.9 per cent, up from 8.6 per cent in June, the highest rate since the creation of the euro in 1999. The fresh figures dial up pressure on the European Central Bank (ECB) to hoist interest [...]
