Energy bills could drop below £3,000 and fall quicker for firms in 2023, experts predict January 3, 2023 Household energy bills could drop below £3,000 per year next winter if gas prices continue to ease, predicts Cornwall Insight.
Gold in the balance: Why a dovish Fed could see the price of bullion head north January 3, 2023 Gold has remained steady heading into New Year, with investors awaiting the next Federal Reserve hike before showing their hand.
British factories yanked into recession by inflation, energy costs and wilting demand January 3, 2023 British factories are being yanked into recession by inflation, swelling costs and stumbling demand in a further sign the country is now in the early stages of a tough slump, a closely watched survey out today reveals. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) final purchasing managers’ index (PMI) for the [...]
The Yanks are coming: Weak sterling sees Americans pile into London property January 3, 2023 The fall in the value of the pound in 2022 saw a host of wealthy American buyers pick up high-end London property on the cheap, according to a new report. In so-called ‘prime central London,’ some 50 per cent of property transactions over £15m completed in 2022 involved American buyers according to analysis by real [...]
Oil holds firm from December rally as Putin ramps up pressure on the West January 3, 2023 Oil prices are holding firm this morning, seemingly consolidating last week's rally which saw both benchmarks trading at a month high.
Barracks blast leaves 63 Russians dead as pressure on Putin grows over war in Ukraine January 3, 2023 A blast which killed 63 Russians in a temporary barracks has once again ignited anger at home – with nationalist bloggers putting pressure on Kremlin top brass and Vladimir Putin Russia acknowledged on Monday that scores of its troops were killed in one of the Ukraine war’s deadliest strikes, drawing demands from Russian nationalist bloggers [...]
Ukraine says 63 Russian soldiers were killed in strike on military base January 2, 2023 Some 63 Russian soldiers have been killed by a Ukrainian strike on a military facility in the eastern Donetsk region. Ukrainian forces fired six rockets from a HIMARS launch system and two of them were shot down, a Russian defence ministry statement said. The strike, using a US-supplied precision weapon that has proven critical in [...]
Ukraine shoots down wave of Moscow’s Iranian-made exploding Kamikaze drones January 2, 2023 Russia has deployed exploding drones in another night-time attack on Ukraine, officials said, as the Kremlin pressed its strategy of targeting civilian infrastructure to wear down resistance to its invasion. The barrage was the latest in a series of relentless year-end attacks, including one that killed three civilians on New Year’s Eve. According to the [...]
Britain launches £75m nuclear fuel fund in renewed bid to wean UK off Russian energy January 2, 2023 The UK will continue to wean itself off dependence on Russian energy by ramping up nuclear fuel investment by £75m a year. Minister of State for Energy and Climate Graham Stuart announced the increase as the Kremlin’s war against Kyiv moves into 2023, and Europe looks to further isolate Moscow. The government will back nuclear [...]
BP, Unilever, and HSBC have failed to properly exit Russia after Ukraine war, new report warns January 2, 2023 Three FTSE 100 companies – HSBC Holdings, Unilever, and BP – have been named as members of a “dirty dozen” of high-profile multinationals still heavily involved in Russia. The three UK headquartered companies have failed to properly exit Russia in the wake of Putin’s invasion, according to a new report by the Moral Rating Agency [...]