EON slashes stake in Nord Stream 1 pipeline by €700m amid Russia-Europe uncertainty August 10, 2022 Europe's largest energy network operator has slashed the value of its stake in the Nord Stream 1 gas pipeline by around €700m
Where next for the Rolls-Royce share price? August 9, 2022 Rolls-Royce shares (LON: RR) sunk by 10% to 83p on Friday after half-year results spooked investors over long-running problems with supply chain issues and inflation. The FTSE 100 engineer has struggled to gain traction after the pandemic crash in 2020 saw its shares collapse from 236p in February 2020 to just 39p by October 2020. And after recovering to 147p [...]
Freezing green levies won’t relieve pressure on bills but we must make them equal August 9, 2022 The cost of living crisis has continued to be a major worry for people across the country and a key talking point during the Conservative leadership race. Rising energy prices, partly due to the Russian invasion of Ukraine, have significantly fuelled the crisis. As the energy price cap is expected to rise to over £3,300 [...]
Mazars discriminated against XTX Markets’ Russian owner, lawsuit says August 8, 2022 London trading company XTX Markets is suing accountancy firm Mazars over claims it discriminated against its founder, Alexander Gerko, by refusing to work with the firm due to Gerko’s Russian citizenship. The algorithmic trading firm filed its case against Mazars over the accounting firm’s refusal to provide payroll services to its subsidiary, XTX Markets Technologies, [...]
Japan intends to keep stake in Russian oil and gas project despite Western exodus August 8, 2022 Japan will keep hold of its stake in an oil and gas project in Russia, despite Western energy giants abandoning projects in the country.
Oil prices collapse to February lows amid growing fears of global recession August 8, 2022 Fears of a worldwide recession and weakened demand for oil continues to weigh down prices on both major benchmarks.
US Federal Reserve’s rate hike cycle takes centre stage in investors’ minds August 7, 2022 Investors are grappling with a mix of challenges they have not faced in years. Tighter monetary policy. Sky-high inflation. Strong geopolitical tensions. These factors have driven volatile swings in asset prices. Usually in times of uncertainty, investors pile into the US dollar and American assets. And that is exactly what they are doing now. US [...]
Brits’ energy bills to hit £4,000 by January as gas prices spiral out of control August 7, 2022 The average energy bill is set to climb to nearly £4,000 a year from January as gas prices continue to push upwards, new analysis has shown. Energy consultancy Auxilione warned that the Government’s price cap, which sets bills for more than 20 million households in Great Britain, could be increased further than previously expected. It [...]
Bullet Train review: new Brad Pitt vehicle derails August 5, 2022 Original movies have made a small comeback in 2022. While the big money still lies with sequels and reboots, films like The Lost City, The Bad Guys, and Everything Everywhere All At Once have found an audience despite not being based on any pre-existing franchise. Hoping to continue that momentum is Bullet Train, David Leitch’s [...]
UK inflation to surge above 15 per cent, more than seven times Bank of England target August 4, 2022 The Bank of England faces the grim prospect of overseeing the largest inflation surge in recent memory, with prices rising more than seven times faster than its target, a top think tank warned today. A sustained surge in energy costs triggered by Russia’s invasion of Ukraine and a sudden burst in demand after the Covid-19 [...]