Why money should have a direct and transparent link to energy July 3, 2023 Bitcoin's potential to drive the adoption of clean energy technologies further highlights its importance, says Susie Violet Ward.
MPs to probe if SMEs can get cash they need – or if the government should step in July 3, 2023 The Treasury Committee has launched a new inquiry into the problems small and medium-sized enterprises (SMEs) face in accessing financing. Over the next couple of months the cross-party group of MPs will explore issues in the industry and how regulation and government can respond. Harriett Baldwin, chair of the Committee said: “Small businesses are the [...]
UK factories slip further into recession on cooling overseas spending July 3, 2023 Britain’s factories have plunged further into recession territory, driven by domestic and foreign buyers reining in spending amid intense economic uncertainty, a closely watched survey out today shows. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) purchasing managers’ index (PMI) for the UK’s manufacturing industry slipped to 46.5 in June from 47.1 [...]
CMA takes aim at supermarkets for weakening fuel price competition – as Brits pay nearly £1bn more for fuel July 3, 2023 Increased supermarket profit margins led to drivers paying almost £1bn more for fuel last year, the Competition and Markets Authority (CMA) has found. Following a year long investigation, the watchdog said today that average supermarket fuel margins rose by 6p per litre between 2019 and 2022, with £900m syphoned out of customers pockets in total. [...]
FCA: Insurers must put ‘wrongs right’ and are failing the vulnerable in cost of living squeeze July 3, 2023 Insurers are failing vulnerable customers and need to put “wrongs right” as Brits are hammered by a cost of living crunch, the Financial Conduct Authority has warned today.
Train union boss threatens 10 or 20 years of strife: ‘We’ll keep taking action until someone listens’ July 3, 2023 The boss of the train drivers’ union has threatened further industrial action, ahead of another week of disruption on the railways – which is set to impact Wimbledon too. Rail passengers have been warned of disruption across six days between Monday and Saturday, as the Aslef Union, headed by Mick Whelan, initiates a nationwide ban [...]
Oil markets await new signals as demand fears offset supply cuts July 3, 2023 Oil prices have barely moved this morning, with concerns over demand growth offsetting expectations of tighter supplies later this year.
London Stock Exchange listing cash plunges as IPO drought continues July 3, 2023 Fresh listings on the London Stock Exchange have raised just £1.6bn in the past year as the City is hit by an extreme drought in public market activity, new data shows.
Thames Water woes expose wretched debt-plagued industry July 3, 2023 Thames Water is in serious trouble, but its problems reflect challenges with debt and sewage spills across the industry.
Sainsbury’s results: Will efforts to keep prices low pay off? July 3, 2023 Investors will turn their focus to Sainsbury’s first quarter trading update on Tuesday to see how shoppers are reacting to the impact of food inflation amid the cost of living crisis. The supermarket is expected to post a jump in revenues driven by higher grocery sales over the quarter to June. Analysts at Shore and [...]