Ripple Energy unveils record £20m-plus fundraiser for new solar farm August 22, 2023 Ripple Energy has raised over £20m for its new solar farm, the largest amount generated by a co-op for a single green energy project.
Foreign Office staff told not to say ‘hostile state’ for fear of upsetting China August 21, 2023 Government officials have reportedly been told not to use the term “hostile state” by the Foreign Office in case it upsets China. The term cannot be used in documents and internal messages via email and WhatsApp between advisers, civil servants and ministers, The Times reported today. One official in another department was reportedly told by [...]
Domino’s franchisee to declare Russian business bankrupt August 21, 2023 The Russian arm of fast food chain Domino’s is likely to close after its London-listed parent company decided to put it into bankruptcy. Apparently failing to find a buyer for the Russian business, DP Eurasia said it has decided its subsidiary should instead file for bankruptcy. The franchisee runs around 170 Domino’s pizza sites in the country, and had previously said it was “evaluating its presence” there. The Russian economy has been hit [...]
Ofgem cannot fix the energy market unless ministers scrap the price cap August 21, 2023 Ofgem will struggle to fix the crisis-hit energy market unless the price cap is reformed, or even scrapped.
Polymetal hopes for Russian asset sale within six months August 21, 2023 Polymetal plans to sell its Russian business within six months, with mining groups from the country and Chinese investors among the potential suitors.
Seven week oil rally ends as demand concerns in China sees prices stall August 20, 2023 This year's longest rally in oil prices has finally stalled, with both benchmarks faltering for the first time since swingeing OPEC cuts.
Household energy bills to stay high into next winter despite price cap dip August 20, 2023 Households energy bills will remain above pre-crisis levels, despite Ofgem being set to announce a fall in the price cap this winter.
Coca-Cola HBC faces questions over Russia operations August 20, 2023 Questions are being asked about the extent of Coca Cola HBC’s operations in Russia after a report suggested the firm has not fully withdrawn from the country despite pledging to do so. The London-listed firm, which is the European bottler for the Coca-Cola Company, said in March 2022 that it was suspending all operations in [...]
Explainer: Ukraine is one step closer to getting F-16 fighter jets August 18, 2023 After another week of violence and raid attacks, Ukraine finally received some positive news. The US finally showed a strong sense of urgency around sending F-16 fighter jets from Washington, after months of stalling. Anthony Blinken, the US Secretary of State, reached out to his counterparts in the Netherlands and Denmark to reiterate that Ukraine [...]
Russia claims it shot down a Ukraine drone over central Moscow August 18, 2023 Russia shot down a Ukrainian drone over central Moscow early on Friday and some fragments fell on an exposition centre, officials said. The Defence Ministry said in a statement that the drone was shot down about 4am (1am GMT) and there were no injuries or fire caused by the fragments. Mayor Sergei Sobyanin said some [...]