Supply security: Government holds talks with Centrica over gas storage while EU delays oil ban May 30, 2022 The government is holding talks with Centrica about re-opening a gas facility, in case European supplies from Russia are cut off.
Shell greenlights $2.5bn plans to develop natural gas field off Australia May 30, 2022 Shell and its joint venture partner SGH Energy have given the go-ahead to develop the Crux natural gas field off Australia.
BP and Total Energies most exposed to North Sea oil and gas levy May 30, 2022 BP and Total Energies will suffer the biggest losses in earnings from the government's announced levy on North Sea oil and gas operators, says UBS.
Mordaunt: State-level US deals have unlocked talks for federal trade deal with Biden May 30, 2022 The UK’s ambition to sign more than a dozen trade and business agreements with individual US states has helped unlock talks with the White House for a post-Brexit trade deal, trade minister Penny Mordaunt has said. Mordaunt, who is deputy to international trade secretary Anne-Marie Trevelyan, told City A.M. in a wide-ranging interview that she [...]
Cazoo bets on Derby as part of brand-building sports sponsorship push May 30, 2022 AS THE three year olds round the bend at Tattenham Corner in this Saturday’s Epsom Derby, they’ll be roared home by a crowd of tens of thousands, forced to miss the last two iterations of the famous race due to Covid-19 restrictions. But while the noise will certainly be different this year, one thing won’t [...]
Marine and aviation insurance premiums more double as policyholders feel hit from Ukraine war May 30, 2022 The cost of insuring certain marine and aviation businesses has more than doubled due to rising costs and the risks associated with the war in Ukraine. Global insurance premiums increased 11 per cent in the first quarter 2022, as conflict in Ukraine pushed up insurance costs worldwide, Reuters said. However, insurance costs have soared particularly [...]
Crypto markets pick up as China eases lockdowns May 30, 2022 Bitcoin yesterday extended its streak of declining weekly returns to a record nine weeks, with the price of the largest cryptocurrency closing the week at just above the $29k mark. Previously, Bitcoin had never gone through more than six weeks in a row without a positive return. However, in contrast to recent weekly closes, Bitcoin [...]
MPs wait on influencer pay review following concerns about gaps May 30, 2022 MPs have urged the government to look into pay standards across the influencer marketplace, especially following evidence of racial pay gaps of TikTok and Instagram stars.
Pendragon to face shareholder mutiny after Hedin Group hits out over executive pay May 30, 2022 Swedish car seller Hedin Group has vowed to vote down Pendragon’s executive pay policy, after slamming the UK’s second biggest car dealer over its plans to hand out bumper bonuses to its board. The Swedish group – which is currently Pendragon’s largest shareholder – hit out at the UK car seller over its decision to [...]
Missguided collapses into administration as fast fashion brand seeks buyer May 30, 2022 Missguided has collapsed into administration, after being hammered by supply chain costs and weakening consumer confidence. Fast fashion rival Boohoo is interested in snapping up the beleaguered brand, CityA.M. understands. Administrators from Teneo said there was “a high level of interest from a number of strategic buyers.” The Manchester-based firm had fallen foul of an [...]
