Hungary names its price as country holds fresh talks with EU over Russian oil ban May 17, 2022 Europe's game of energy brinkmanship continued today, with the EU holding talks with Hungary over financial support to back a Russian oil ban.
West End: Shaftesbury investor raises concern with £3.5bn merger with rival Capco May 15, 2022 Concerns have been raised over West End landlord Shaftesbury’s planned £3.5bn merger with rival Capital & Counties Properties (Capco), by a key investor. Shareholders could be left worse for wear, Chris Hills, chief investment consultant at Investec, which has a 1.65 per cent stake in Shaftesbury, told The Times. As Shaftesbury trades at just an [...]
Week ahead: City eyes potentially ‘staggering’ inflation figures May 15, 2022 The City will turn its gaze to what is likely to be another tranche of “staggering” inflation data in a week bulging with economic and corporate updates. London’s premier FTSE 100 index whipsawed last week, dropping sharply on Monday before finishing the week up 0.41 per cent at 7,418.15 points. The mid-cap domestically-focused FTSE 250 [...]
‘Let the West pay more’: Russia dares EU to bring in oil ban May 11, 2022 The Kremlin has warned it has enough buyers for its energy resources outside of Western countries, as the EU weighs up a Russian oil ban.
Tower Cold Chain runs hot after Covid booster May 10, 2022 It is 22 years since this multi-award-winning company’s founder John Pring filed his first patent for a reusable container to transport temperature sensitive pharmaceuticals, life-science, and biotech products, and 20 years since the first products were launched. Much has happened in those two decades: a name change from Kryotrans to Tower Cold Chain, a lot [...]
Consumer watchdog urges energy users to boost energy efficiency to drive down household bills May 5, 2022 Uswitch.com has called on households to focus on energy efficiency and ramping up insulation to ease the pressure of rising energy bills.
OPEC+ maintains modest hike in oil production as EU weighs up Russian import ban May 5, 2022 OPEC+ has agreed a modest increase in its oil production targets next month, following a meeting earlier today.
Today: Bank of England to push interest rates to 13-year high to slow cost crunch and inflation May 5, 2022 Interest rates are expected to be hiked once again later today to their highest level for 13 years as the Bank of England battles to cool rocketing inflation. The Bank’s policymakers are predicted to increase rates from 0.75 per cent to 1 per cent – a level not seen since early 2009 – and ramp [...]
Nor way! British gas prices soar as maintenance issues curb Norwegian flows April 20, 2022 Gas prices have spiked across European benchmarks with maintenance curbing Norwegian gas flows to the UK, exacerbating supply fears.
Oil prices recover as EU targets Russian coal April 6, 2022 Oil prices have rebounded from recent losses, as the prospect of fresh sanctions on Russia raised fears of supply shortages.