Bulb Energy: Doomed supplier owed £254m to customers in pre-paid energy bills January 20, 2022 Bulb Energy owed £254m to customers who had paid for their electricity and gas in advance ahead of its collapse, according to the latest reports.
Wincanton continues to reap rewards of pandemic-era eCommerce boom January 20, 2022 Supply chain partner Wincanton has continued to reaped the rewards of the pandemic-era eCommerce boom, after revenue from the eFulfilment sector has soared over 50 per cent. Total revenue for the group rose by 15 per cent, in comparison with the same quarter last year, Wincanton confirmed in its third quarter trading update today. The [...]
Brits to shoulder worst cost of living squeeze since 1991 January 20, 2022 Brits are set to shoulder the worst cost of living squeeze since the early 1990s, ignited by swelling energy bills and food prices compounding to spike household budgets. This week’s higher than expected inflation reading bounced one the world’s top investment bank’s cost of living forecasts. Wall Street titan Goldman Sachs lifted its expectations for [...]
Oil: Market rally drums up hopes of $100 prices amid tightening supplies and international tensions January 20, 2022 Rebounding demand, tightening supplies and geopolitical tensions could power oil prices above $100 per barrel for the first time in eight years.
Kwarteng rejects £1.2bn Aquind energy interconnector from France to UK January 20, 2022 A proposal for the £1.2bn Aquind energy interconnector from France to the UK has been rejected by the government. Business secretary Kwasi Kwarteng today rejected the proposal for the undersea cable, writing that the adverse effects it would have on a series of Portsmouth landmarks and commercial ventures “outweighed” the need for the interconnector. He [...]
Biden’s new UK ambassador accused of being an ‘amateur diplomat’ January 20, 2022 President Joe Biden has been accused of appointing an “amateur” as his ambassador to the UK by a former diplomat. Former ambassador to France and Monaco under the Obama administration, Jane Hartley was last night announced as London’s new ambassador, who will take up a Georgian-style mansion in Regent’s Park during the role. Hartley, 71, [...]
Ladbrokes owner delivers modest results amid US expansion and bookie bounceback January 20, 2022 Ladbrokes owner Entain reported a strong 2021 performance, with group net gaming revenue up seven per cent.
ICAS launches new thought leadership series Finance + January 20, 2022 New from ICAS for 2022, the Finance + insight series puts you in the bigger picture, exploring the key issues and opportunities for today’s finance professional. You + the big picture Recent events have revealed the need for resilience and the readiness to grasp new ways of thinking, living and working. They have also shown [...]
‘High security’ breach at Crossrail as stowaway takes Elizabeth line for a spin January 20, 2022 Crossrail has reported a “high-risk security breach” after a stowaway boarded the Elizabeth line and managed to travel undetected. According to reports, the person boarded at Abbey Wood on 29 November and travelled for 30 minutes reaching Paddington station before being removed by security, trade news website Construction News reported first. “Clearly a customer should [...]
Education watchdog to crack down on universities offering “poor quality” degrees January 20, 2022 The government’s university watchdog is planning to crack down on “poor quality” degree courses that fail to make graduates employable. The Office for Students (OfS) said universities and colleges that are not up to standard could face fines and restrictions on their access to funding in the form of student loans. The watchdog said courses [...]
