Kwarteng orders review of petrol retail market to ensure fuel duty cuts are passed on to consumers June 12, 2022 Business Secretary Kwasi Kwarteng has ordered the market watchdog to conduct an "urgent review" of the petrol market.
Energy body urges government to greenlight more gas projects to ensure supply security June 12, 2022 An energy industry body has slammed the government’s rejection of two proposed onshore projects, describing its approach as inconsistent.
Octopus enters race for collapsed supplier Bulb with eleventh hour bid June 11, 2022 Octopus Energy has made a last minute offer for Bulb Energy, establishing a three-way tussle for the UK’s seventh biggest energy supplier.
Centrica files application to reopen UK’s biggest natural gas storage facility June 10, 2022 Centrica has filed a formal application to reopen Britain’s biggest natural gas storage site, after the site was closed five years ago for “economic” reasons. The Windsor headquartered utility company has submitted a formal application to the North Sea energy regulator to reopen the Rough facility off the east coast of Yorkshire. City A.M. understands [...]
Rebranded and under new ownership: McDonald’s set to relaunch in Russia market this weekend June 10, 2022 This weekend will mark a new dawn for Russian fast-food lovers as former McDonald’s Corp restaurants reopen under new branding and ownership, more than three decades after the arrival of the Western fast-food chain in the world’s largest country. Watch the full video report.
Exclusive: Protium enjoys record hydrogen funding round to power green ambitions June 10, 2022 Protium has enjoyed the largest ever funding round in the UK for a hydrogen energy company, securing over £40m of investment.
Britain warns of possible ‘major cholera outbreak in Mariupol’ June 10, 2022 Britain has warned the besieged eastern Ukrainian city of Mariupol is at risk of a major cholera outbreak, as Russia continues its brutal assault on the region. In an intelligence update posted this morning, the Ministry of Defence condemned Russia for failing “ to provide basic public services to the population” in the areas the [...]
Truss condemns ‘sham’ decision as two British men sentenced to death by Russian-backed court June 10, 2022 Two British men captured by Russian-backed separatists in occupied Ukraine have been sentenced to death. Aiden Aslin, 28, and Shaun Pinner, 48, were handed the punishment by a ‘supreme court’ in the Donetsk region, alongside a Moroccan student, Ibrahim Sadun. The duo were held by separatists in the city of Mariupol in April and were [...]
City broker Britannia Global Markets cancels LME membership following March nickel price fiasco June 9, 2022 Derivatives broker Britannia Global Markets has said it is giving up its membership to the London Metal Exchange (LME), after the London market halted nickel trading in March in response to surging prices. Britannia said it had decided to cancel its Category 2 membership to the LME, which allows it to trade on behalf of [...]
European Central Bank confirms first rate rise in over a decade next month June 9, 2022 The European Central Bank (ECB) today confirmed it will hike rates for the first time in over a decade in a sign that the era of loose policy and low inflation is coming to an end. President Christine Lagarde and co said the central bank will lift rates 25 basis points next month, which will [...]