Petrol price plummets to below 150p for first time since Russia invaded Ukraine January 10, 2023 The average price of petrol has fallen below 150p per litre for the first time in more than 10 months. Figures from data company Experian show the average price of a litre of the fuel at UK forecourts on Monday was 149.7p. The reduction of nearly 42p from the record high of 191.5p in July last year, [...]
Brexit, Covid and Ukraine drag on Games Workshop’s profits despite record sales January 10, 2023 Warhammer-maker Games Workshop recorded sales of over £200m for the first time, but Covid, Brexit and the war in Ukraine continue to dent its commercial plans. The FTSE 250 firm announced it made £212m from May until the the end of 2022, up more than £20m on the previous year. But it also reported a [...]
Putin yanks Russia out of European anti-corruption scheme January 10, 2023 Russia has opted out of a European convention on fighting corruption, a move that comes in the wake of its withdrawal from the Council of Europe following start of Moscow’s military action in Ukraine. Russian President Vladimir Putin asked the lower house of parliament, the State Duma, to terminate adherence to the Council of Europe’s convention on [...]
Shell weighs up UK investment plans as windfall tax bites January 9, 2023 Shell is still considering whether to cut back on future energy projects in the North Sea, after the windfall tax was hiked.
Bank of England chief economist Pill admits we ‘underestimated’ inflation surge January 9, 2023 The Bank of England did not understand inflation “well enough” and “underestimated” the strength of the 40-year high price surge, its chief economist admitted in a speech in the US today. Huw Pill said with “the benefit of hindsight,” the central bank’s “own analysis” failed to foresee inflationary pressures magnified by global supply chain pressures [...]
‘Nobody died’: Embarrassment for Putin as Russia claims missile strikes on Ukrainian base killed 600 January 9, 2023 Ukrainian officials say nobody died in missile attacks Russia claims killed 600 troops. Vladimir Putin’s Russian defence ministry said missiles hit two temporary bases housing 1,300 Ukrainian soldiers in Kramatorsk in the easter Donetsk region. The strikes were retaliation for Ukraine’s attack in Makiivka, which left at least 89 Russian troops died, ministry spokesman Igor Konashenkov said. [...]
EDF Energy backs Ofgem reforms as Centrica makes fresh ringfencing push in bid to ‘protect’ consumer balances January 8, 2023 EDF Energy has backed Ofgem’s plans to toughen financial requirements for suppliers - which stop short of full ringfencing.
Putin: Raab to host London conference on Russian ‘war crimes’ in Ukraine January 7, 2023 London will host a major international conference led by Dominic Raab on Russia’s alleged war crimes during Vladimir Putin’s invasion of Ukraine. The meeting will see justice secretary Dominic Raab join forces with Dutch justice minister Dilan Yeşilgöz-Zegerius to co-host the conference in London’s Lancaster House. The conference aims to coordinate efforts to ensure the [...]
Crypto’s past performance is not indicative of future results – bring on 2023! January 6, 2023 Jason Deane charges into 2023 full of optimism and hope for Bitcoin and crypto as we shut the door on a cheerless 2022.
European inflation falls quicker than expected but recession fears will weigh on likely ECB rate hikes January 6, 2023 Inflation in Europe is falling faster than expected, but there are signs the worldwide price surge that is set to bring on a global recession may not be finished just yet, official figures out today reveal. A flash estimate by stats agency Eurostat for the rate of price increases in the eurozone came in at [...]