Gas prices slide to five-month lows as supply fears ease October 24, 2022 Gas prices have dropped below €100 per megawatt-hour for the first time since June, weighed down by cold weather and LNG imports.
Boris Johnson quits leadership battle leaving path clear for favourite Sunak October 23, 2022 BORIS JOHNSON has sensationally ruled himself out of the running to become Conservative party leader, making Rishi Sunak the odds-on favourite to become the country’s next Prime Minister. Johnson claimed he had secured the backing of more than 100 MPs – the threshold needed to get on the ballot to become Liz Truss’ replacement – [...]
Week ahead: Drama in Westminster to grip City, but don’t forget about ECB October 23, 2022 The City’s attention will be gripped by the race to Number 10 this week, but there are some substantial economic announcements elsewhere in the pipeline that deserve a closer look. The European Central Bank (ECB), the monetary authority of the 19 countries using the euro, is expected to hike interest rates 75 basis points for [...]
Renewable revenues capped in Government push to ease record bills October 12, 2022 Renewable projects will be blocked from cashing in on the energy crisis, after the Government confirmed new plans to ease record bills.
Exclusive: ‘Time is ticking’ to get businesses support in place for November October 10, 2022 The Government needs to provide more clarity to suppliers to ensure businesses on flexible contracts have enough support this winter.
Nord Stream explosion signals challenging winter for Europe September 28, 2022 Experts warned the Nord Stream crisis could beckon future unpredictability across Europe, warned experts.
SSE will back UK projects with fresh profits September 27, 2022 SSE has committed to reinvesting any further earnings from ultra-high wholesale power prices into building new domestic energy assets.
Exclusive: Yu Energy warns six-month business support will not be enough September 27, 2022 Market volatility will endure beyond this winter and businesses could face ultra-high energy bills well into next year, warned the boss of challenger supplier Yu Energy.
Investec expects earnings per share and profits to climb despite volatile backdrop September 23, 2022 Investec said it expects profits to continue to climb as the specialist banking and asset management group rides out the volatile macro environment with diverse revenue streams. The firm said it expects adjusted operating profit before tax to be between £372.6m and £406.2m in its pre-close trading update, with the UK business’ figure at least 20 [...]
Liz Truss tax cuts must be bolder to revive UK economy, Thatcherite thinks tank claims September 21, 2022 Liz Truss must be even bolder than cancelling the corporation tax rise to unlock the UK’s full economic potential, a Thatcherite think tank has claimed today. The prime minister’s chancellor, Kwasi Kwarteng, is expected to reverse the six percentage point corporation tax hike at this Friday’s mini-budget. The move will generate a 1.2 per cent [...]