Greenpeace launches legal bid to overturn Jackdaw gas field approval July 26, 2022 Greenpeace has mounted a legal challenge against the Government, following its approval of the Jackdaw oil field last month.
IMF economy warning reverses FTSE 100 gains despite Unilever’s best efforts July 26, 2022 A bleak set of projections from the International Monetary Fund (IMF) pegging UK growth as the worst in the G7 weighed on London markets today. The capital’s premier FTSE 100 index remained unchanged, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 1.18 per cent [...]
Volodymyr Zelensky pays tribute to Boris Johnson as he receives Churchill Award July 26, 2022 Volodymyr Zelensky has praised Boris Johnson’s role in helping Ukraine in its war against Russia as he received a Sir Winston Churchill Leadership Award in a Downing Street ceremony. Zelensky said that Ukraine was “not left alone” when Russia invaded its neighbour on 24 February and told Johnson that “this award is yours as well”. [...]
EU finalises compromise deal to cut gas usage ahead of winter July 26, 2022 EU member states have settled on a diluted emergency plan to curb gas demand this winter in case Russia turns off the taps this winter.
Exclusive: Yü Group’s boss warns against over-regulating energy market at expense of innovators July 26, 2022 Reforms to the energy sector risk reverting the market back to only a few big suppliers, warned Yü Group boss Bobby Kalar.
UBS profits drop below expectations July 26, 2022 A sharp fall in profits at UBS’s investment banking division caused by charges to deal with the fall out of the collapse of Bill Hwang’s Archegos Capital and tumbling global stock markets has raided the Swiss lender’s bottom line. UBS profits sank around $100m (£83m) over the last year to $2.1bn (£1.7bn), it announced today, [...]
Homeowners on edge as inflation and interest rates rise: What is next for UK mortgage rates? July 26, 2022 Many people up and down the country will be feeling the financial strain of the cost-of-living crisis, and this’ll only add more pressure on the monthly budgets of millions of UK mortgage homeowners and of those currently looking to buy. With the Bank of England’s base rates having risen to 1.25 per cent in June [...]
UK voters’ concerns on inflation reach highest level in four decades July 26, 2022 UK voter worries on inflation are at their highest since the 1980s as the country faces a severe cost of living crisis and prices of essentials surge. The July 2022 Ipsos Issues Index by research company Ipsos showed that 45 per cent of adults in the UK view inflation as one of the most pressing [...]
No pressure? Gazprom cuts gas flows into Europe as cold winter months loom July 25, 2022 Gazprom plans to further cut gas flows into Europe, raising the chilling prospect of rationing and blackouts this winter.
Naftogaz suffers setback with bondholders rejecting debt freeze proposal July 25, 2022 Naftogaz has revealed its bondholders are set to refuse its two-year debt payment freeze request, alongside a setback from the government.