Give Great British Nuclear the funding it needs to revive declining sector, industry boss warns March 10, 2023 Jeremy Hunt needs to provide more clarity over the funding of Great British Nuclear in the budget next week, says industry boss.
EU energy chief tells companies not to sign new Russian LNG deals March 9, 2023 European Union countries and companies should not sign new contracts to buy Russian LNG - says the EU's energy chief.
Former Shell boss Ben van Beurden raked in £9.7m paypacket last year as profits soared March 9, 2023 The former Shell boss enjoyed a hefty bump-up in his paypacket last year, before leaving the energy giant in January.
Russia missile barrage kills five as Kremlin ramps up attacks on Ukraine energy infrastructure March 9, 2023 Russia has unleashed a missile barrage targeting energy infrastructure across Ukraine, hitting homes and killing at least five people in the largest such attack in three weeks, officials said. Four people died in the Lviv region after a missile hit a residential area, governor Maksym Kozytskyi said. Three buildings were gutted by fire after the [...]
Harbour Energy’s bumper profits wiped out by £1.3bn hit from windfall tax March 9, 2023 Harbour Energy's bumper profits have been nearly wiped out by the windfall tax - taking a huge £1.3bn hit in earnings from the new levy.
Jeremy Hunt readies placeholder budget that will let a lot of people down March 9, 2023 Jeremy Hunt is going to let a lot of people down at his budget next Wednesday. Businesses. Families. Even former Prime Ministers. The Chancellor is poised to resist calls to save a flatlining economy by staying the course set in his November autumn statement of balancing the books. Households want an extension of energy support [...]
Andy Murray expects Wimbledon to lift ban on Russian and Belarusian players for 2023 March 8, 2023 Andy Murray says he expects Wimbledon to lift its ban on Russian and Belarusian tennis players for this year’s championships. The Grand Slam tournament imposed the ban last year, under pressure from the UK government, in the wake of Russia’s invasion of Ukraine. But Murray is anticipating the sanction being lifted, paving the way for [...]
Bank of England risks tipping UK economy into recession with further interest rate hikes, MPC’s Dhingra warns March 8, 2023 The Bank of England risks tipping the UK economy into recession if it raises interest rates too aggressively and worsening the cost of living crisis, a top official said today. Swati Dhingra, an external member of the Bank of England rate setting monetary policy committee (MPC), warned “overtightening poses a more material risk at this [...]
Russian mercenary Wagner Group claim gains in Ukraine stronghold of Bakhmut March 8, 2023 The owner of Russia’s Wagner Group military company has claimed his troops have extended their gains in the key Ukrainian stronghold of Bakhmut as fierce fighting continues. Yevgeny Prigozhin said Wagner troops have taken full control of the eastern part of Bakhmut. He claimed they now control all districts east of the Bakhmutka River that [...]
AstraZeneca: UK-Swedish pharma giant almost doubled exports to Russia after invasion of Ukraine March 7, 2023 Anglo-Swedish drugs giant AstraZeneca nearly doubled its exports from Sweden to Russia after the Kremlin launched its full-scale attack on Ukraine, according to a report. Sveriges Radio (SR) – the country’s public service broadcaster – said that the FTSE 100 company had exported 2.2 billion Swedish krona (£174 million) worth of chemicals to Russia from [...]