Ofgem places the cost of supplier failures on to standing charges August 18, 2022 Ofgem has opted against shifting the costs of supplier failures to unit rates, and has instead kept them on standing charges.
Unions slam P&O Ferries owner after it announces record £600m profits August 18, 2022 Unions have slammed the “corporate gangster” owners of P&O Ferries, who sacked 786 British workers this year, after the company announced record first half profits today. DP World recorded a first-half profit of $721m (£598m) – a 51.8 per cent year-on-year increase. Frances O’Grady, general secretary at the Trades Union Congress (TUC), told City A.M. [...]
Ex-dividend shares tame FTSE gains as UK bond yields hit fresh 14-year high August 18, 2022 Traders ditching companies that have yet to announce the details of their next shareholder giveaway tamed London markets’ gains today. The capital’s premier FTSE 100 index jumped 0.35 per cent to 7,541.85 points, while the domestically-focused mid-cap FTSE 250, which is more aligned with the health of the UK economy, climbed 0.55 per cent higher [...]
China to prop up coal power plants as heatwave drives up demand August 18, 2022 China has offered support for its coal power plants to maintain electricity supplies, as demand for energy surges amid an extreme heatwave.
Mecca owner Rank warns of ‘challenging’ road ahead amid inflationary pressure August 18, 2022 Mecca owner Rank has warned of a "challenging" road ahead this morning, as the gambling giant faces inflationary pressure and dwindling demand.
Germany will struggle to reach gas storage target warns energy chief August 18, 2022 Germany will struggle to reach its November targets for gas storage levels this winter, warned the country's energy regulator.
Brits’ spending drops sharply as recession clouds gather August 18, 2022 Brits’ credit and debit card spending dropped dramatically over the past week, according to fresh data published by the Office for National Statistics. This data ranked at 97 per cent of its level in February 2020, the month prior to the country’s first Covid lockdown. The figures are based on Bank of England CHAPS interbank [...]
Charity boss CV fraudster must pay back 15 per cent of salary, Supreme Court says August 18, 2022 A charity chief executive should be forced to repay almost £100,000 of his more than £640,000 annual salary following the discovery he lied on his CV to get the job, the Supreme Court has said. The verdict saw the Supreme Court take a “middle way” approach in ruling that former St Margaret’s Hospice chief executive [...]
Dates announced for Crypto AM Summit and Awards 2022 August 18, 2022 The annual Crypto AM Summit and Awards will be held from November 22 to November 24, it has been announced.
Almost half of teens looking to enter business instead of going to uni August 18, 2022 In a bid to avoid being laden with debt, 45 per cent of teens are considering not to go to university and instead start up their own firms. As students receive A-Level grades today, more 16-19-year-olds are considering not going into higher education, and pursuing a career instead, according to research from GoDaddy. This morning [...]
