Ovo Energy backs social tariff for vulnerable households facing record bills January 24, 2023 Ovo Energy has joined calls for a social tariff to help vulnerable households grappling with record energy bills.
Why is the FTSE 100 nearing a record high with a recession looming? It ain’t the economy, stupid January 24, 2023 The FTSE 100 is becoming one massive hedge fund. That’s why it’s doing so well when all the doomsters have warned the UK is headed for a long, albeit shallow, recession over the next year. Of course, the stock market isn’t the economy. How many high street coffee shop owners do you know that worry [...]
Feared activist investor Elliott snaps up multi-billion dollar stake in Salesforce January 23, 2023 Activist investor Elliott Management has snapped up a multi-billion dollar stake in Salesforce as the software firm is rattled by a slowdown in growth and slashes its headcount. In a statement shared with City A.M. today, Elliott managing partner Jesse Cohn said Salesforce was “one of the preeminent software companies in the world” and Elliott [...]
Rishi Sunak: PM orders probe over Nadhim Zahawi’s tax dispute January 23, 2023 Rishi Sunak has ordered an investigation into Nadhim Zahawi as the Tory party chairman faced growing calls to quit after paying a penalty to resolve a multimillion-pound tax dispute. The Prime Minister asked new ethics adviser Sir Laurie Magnus on Monday to assess whether the former chancellor breached the ministerial code with the HC settlement. [...]
Boris Johnson visits Kyiv amid fresh Tory sleaze claims January 23, 2023 Former Prime Minister Boris Johnson headed to Kyiv this weekend as he is caught up in new claims of sleaze. The politician met President Vlodymyr Zelensky and other leading politicians int he war-torn county, while also travelling to towns which have been bombarded by Russia. Johnson reportedly visited Borodianka, Bucha and other suburbs of the [...]
A tale of two industries: Government will regret saving steel over Britishvolt January 23, 2023 The government could regret backing British Steel while leaving Britishvolt to collapse, writes energy editor Nicholas Earl.
Slow fashion: Retailers embrace second-hand clothing to draw in thrifty eco-conscious fashion lovers January 23, 2023 High street retailers are following in the footsteps of their online rivals, offering more second-hand clothes to lure in shoppers wanting to steer clear of fast fashion and hunt for bargains amid a cost of living crisis. The second-hand clothing market has exploded over the last decade to an estimated £6.5bn last year, largely thanks [...]
Falling gas prices could slash cost of propping up Bulb Energy by hundreds of millions of pounds January 23, 2023 The bill for propping up Bulb Energy for over a year could be slashed significantly, following a sharp drop in wholesale prices over the winter.
European rugby: How do you qualify in the Champions and Challenge Cup? January 20, 2023 This weekend sees the final group stage matches in the European Champions Cup and European Challenge Cup. With a number of sides still able to make it into the respective rounds of 16 due to the new competition format, there’s a lot on the line. So with fixtures kicking off this evening, what are the [...]
Explainer: Why are the super rich leaving London? January 20, 2023 And why did the extra-rich settle down in London in the first place?