UK risks carbon dioxide shortage due to energy taxes, warns vital fertiliser firm May 4, 2022 CF Fertilisers warned the government last year that green levies could lead to more firms collapsing, as it struggled to deal with energy prices.
US Federal Reserve hikes rates at quickest pace in over two decades May 4, 2022 The world’s most influential central bank today hiked interest rates at the quickest pace since 2000 in a sign the era of cheap money is coming to an end. The US Federal Reserve lifted the financial system’s key interest rate 50 basis points to a range of 0.75-1 per cent as it scrambles to douse [...]
Former Downing Street comms chief Allegra Stratton set to join Bloomberg May 4, 2022 Former Downing Street Press Officer Allegra Stratton will be joining Bloomberg News following her resignation last year.
Joules shares plunge after news of CEO departure and ‘more challenging’ market May 4, 2022 Premium British lifestyle group Joules posted strong revenue growth this morning, up 20 per cent for the quarter ending 1 May.
Tories face losing 550 seats tomorrow: Johnson and Starmer race to make final pitches before local elections May 4, 2022 Local party leaders and the nation’s more familiar faces are racing to make their final pitches today and visit key electoral battlegrounds on the last day of political campaigning before voters go to the polls on Thursday. The political fortunes of the major party leaders are likely to be influenced by what voters decide in [...]
From Russia with losses: BP counts the cost of Rosneft exit amid escalating windfall tax row May 4, 2022 BP’s decision to pull out of its Russian holdings after the Kremlin’s invasion of Ukraine has blown a £20bn hole in its first quarter finances.
Sunak must welcome Bitcoin into the financial markets with its core principles intact May 4, 2022 Mainland Brits often joke about their expat compatriots in Gibraltar, saying that watches have to be turned back 20 years when you’re there. Gibraltar has always been a popular target for condescension. Yet this supposedly “backward” place has been consistently ahead of the curve on Bitcoin adoption and regulation. In 2018, the territory was the [...]
Windfall tax misses the point – energy giants must invest May 3, 2022 A windfall tax is a terrible idea – but BP would have been savvy to up investment not go for a buyback It’s the middle of 2020, and the price of oil has tanked to almost single digits. Energy giants are being slammed by an almost total collapse in demand. BP’s share price is down [...]
Head and shoulders above the rest May 3, 2022 Gail and Matt Waterman’s company is literally a growth business – it specialises in revolutionary products for hair loss problems. A kitchen table business that has blossomed into something quite remarkable, so remarkable in fact that in less than a decade it has gone from selling two items a day to 500,000 each month and [...]
Johnson throws weight behind Arm IPO charm offensive May 3, 2022 Boris Johnson has thrown his weight behind attempts to woo British chipmaker Arm into floating in London, as parent company SoftBank looks set for a New York listing.