British Gas owner Centrica begins dividend balancing act amid record household energy bills July 3, 2022 British Gas owner Centrica is expected to confirm its post-pandemic rebound with mega profits in its upcoming half-year results last this month.
NI Protocol: Germany and Ireland accuse UK of not acting in ‘good faith’ July 3, 2022 Boris Johnson has been urged to start acting in “good faith” and to pursue “dialogue” in Northern Ireland Protocol negotiations by the German and Irish governments. German foreign minister Annalena Baerbock and Irish foreign minister Simon Coveney said in a joint statement that the UK’s move to unilaterally change the post-Brexit agreement “will not fix [...]
Prince Charles gave honour to peer who spent £1.7m on his eco-village July 3, 2022 Prince Charles gave an honour to Lord David Brownlow, after the Tory peer spent £1.7m to bail out the royal’s eco-village project in Scotland. The Prince of Wales also opened up his 18th-century country house, Dumfries House, for Brownlow’s 50th birthday and awarded his company a £1.2m construction contract. The Sunday Times reports that the [...]
Factories braced for energy rationing this winter amid fears Russia could turn off the taps July 3, 2022 Energy rationing could be on the cards this winter, with British factory owners suffering constraints to their energy supplies.
Labour pledges to create 30,000 EV jobs as UK lags behind competitors July 3, 2022 The Labour Party has pledged to create 30,000 electric vehicle (EV) new jobs – both in factories and across the supply chain – within the next three years. The move is part of Labour’s plan to partly fund three additional gigafactories by 2025, as it warned the UK’s investment in EV and battery production was [...]
Week ahead: Traders eye rate setter speeches for signs of quicker tightening July 3, 2022 Investors this week will be looking for signs of the Bank of England launching a 50 basis point rate rise at its next meeting on 4 August. London’s premier FTSE 100 index posted a mild performance over last week, dropping 0.56 per cent to end at 7,168.65 points. The domestically-focused mid-cap FTSE 250 index however [...]
Lotus raises £74m for EV push July 3, 2022 Luxury marquee Lotus Cars has raised £74m for its electric vehicle (EV) push. The Norwich-based car maker secured £50m in borrowings from Santander, while its Chinese and Malaysian owners Geely and Etika chipped in with a £24m loan. The backing will enable Lotus to transition to EVs, developing a prototype to base all models on [...]
Businesses exposed to deepening energy crisis warns Cornwall Insight July 3, 2022 The "cost of living crisis" could escalate to a "cost of doing business" crisis this winter, warned energy specialist Cornwall Insight.
easyJet execs jet off to Mallorca resort while passengers bear weight of travel chaos July 3, 2022 easyJet’s senior executives are jetting off to Mallorca this week while thousands of passengers bear the weight of the ongoing travel chaos. The airline’s management team are set to have a two-night corporate retreat at luxury resort Iberostar in Palma, which counts an infinity pool and a sunset champagne bar among its many amenities. Bosses [...]
Extending steel tariffs is one of Johnson’s ‘worst decisions’, says former trade secretary July 3, 2022 Boris Johnson’s decision to extend steel tariffs on China and other countries is “one of the worst decisions taken by this government”, according to former international trade secretary Liam Fox. The Tory MP, and Johnson’s recent candidate to head the World Trade Organisation (WTO), said the UK is “damaging our global reputation and putting other [...]
