As we pay for Putin’s energy war, we must also protect our future supplies September 14, 2022 Liz Truss’ government has finally arrived as the country heads towards a pivotal winter. There’s been ceaseless debate about what its much anticipated support package should include, but the fundamentals were always clear. First, it is expensive to protect ourselves from Russian manipulation of gas markets we rely upon. Second, we must put all efforts [...]
Mothercare shares surge as baby goods seller returns to profitability September 13, 2022 Shares in Mothercare surged by more than 60 per cent today after the British baby-care products retailer said it had swung back into profitability over the past financial year. The Watford headquartered company posted profits of £12.1m for the financial year 2022, compared to a £21.5m loss in FY 2021. The retailer said the “significant [...]
Wave of optimism and excitement across Ukraine as Russian Army suffers defeat after defeat in dozens of villages September 13, 2022 The sombre mood that has dominated Ukraine since the start of the Russian invasion, at the beginning of February, is rapidly making way for a wave of optimism and excitement after days of successes by the country’s army. Reports yesterday from the Ukrainian military stated that home forces successfully freed more than 20 settlements in [...]
Great Britain have reasons for cheer as Davis Cup returns to Glasgow September 13, 2022 The Davis Cup has not been kind to Great Britain since Andy Murray led the team to victory almost single-handedly seven years ago. They have suffered semi-finals defeats, had to navigate tough draws and at one stage stared down the barrel of relegation from the top tier. But as Leon Smith’s side gather in Glasgow [...]
Renewable energy: the way forward for Europe? September 13, 2022 In European energy, Russia’s invasion of Ukraine has defined the market so far in 2022. Gas prices have soared, exacerbating inflation. How organizations, consumers, and governments respond could mark the beginning of an evolution in European energy. Is renewables the way forward for Europe? Renewed interest?Policymakers know they must move swiftly on renewables, but dealmakers [...]
As Ukraine forces Russia back, they are fighting for our global security as well as themselves September 13, 2022 Ignoring the reality of Russia’s war with Ukraine is not possible, doing so won’t lead to peace and lower prices.
UK and European energy price freezes may trigger blackouts, Goldman warns September 12, 2022 UK and European governments freezing energy prices risks blanketing the Continent in power blackouts, a Wall Street investment bank has warned today. Keeping energy bills artificially low is likely to stimulate energy demand, possibly causing supplies to run dry, Goldman Sachs said in a note to clients. “With interventionist policies announced so far prioritising capping [...]
UK battery storage capacity to be boosted by £200m venture September 12, 2022 Specialist energy storage trust NextEnergy Solar Fund has announced a £200m venture with sustainable electricity firm Eelpower to strengthen the UK’s battery storage capacity. The company’s first 50MW battery storage project through the joint venture is currently under construction in Fife, Scotland, and is expected to grid-connected in the first half of 2023. “Battery storage [...]
Europe must avoid ‘sticking plaster’ solutions to meet energy needs September 12, 2022 Europe has to ramp up its own energy production, rather than become reliant on other overseas suppliers, argues a Westminster think-tank.
As Ukraine makes key gains, Zelensky says Kremlin’s goal is now ‘to deprive people of light and heat’ September 12, 2022 Ukraine’s president has accused Russia of having a “goal is to deprive people of light and heat”, as the Kremlin fights back against Kyiv’s surging eastern counteroffensive. Moscow allegedly launched a series of strikes against infrastructure in the eastern recaptured city of Kharkiv, including water and thermal power facilities. Accusing Russia of deliberately targeting infrastructure [...]