British Gas poised for record profits after Ofgem’s hike in price cap allowances July 23, 2023 British Gas is expected to post record profits next week, powered by Ofgem's decision to temporarily hike allowances for suppliers.
Bulgaria agrees to send heavy military equipment to Ukraine July 22, 2023 Bulgaria has agreed to provide the Ukrainian army with 100 armoured personnel carriers, marking a turnaround in the Nato member’s policy on sending military equipment to Kyiv following the appointment of a new, pro-Western government. Direct arms supplies were rejected by previous interim governments, appointed by President Rumen Radev. Radev is sympathetic to Russia and [...]
Supermarket fuel margins more than double since Ukraine war July 22, 2023 Supermarkets have more than doubled their margins on fuel since the start of the war in Ukraine, new analysis suggests. The RAC said Asda, Tesco, Morrisons and Sainsbury’s were making an average of around 4.7p per litre on fuel sales when the Russian invasion began in February 2022. The motoring services company found this had [...]
RAC: Tesco, Sainsbury’s, Asda and Morrisons have more than doubled fuel margins since Ukraine war July 22, 2023 Supermarkets have more than doubled their margins on fuel since the Ukraine war began, according to research from motoring firm the RAC. The ‘big four’ supermarkets – Tesco, Sainsbury’s, Asda and Morrisons – have seen the profits they make per litre of diesel and petrol rise from 4.7p to 10p since the Russian invasion started in [...]
Crypto’s story this week is one of sideways trading, but the future is self-custody education July 21, 2023 As he thinks about taking to the racetrack, Jason Deane reflects over a week that has been far more exciting than just sideways trading.
Coutts’ Farage decision is a blunder but it’s none of Sunak’s business July 20, 2023 Coutts should have the ability to decide who it grants its services to. But essential to financial services are really boring things like certainty, predictability and trust.
Farage’s row with Coutts matters more than you might think July 20, 2023 The ongoing row between Coutts and Nigel Farage has, predictably, turned into a he-said, they-said brouhaha that does nobody any favours. But that does not mean that it isn’t worth tuning into, for the right to a bank account – and a bank’s decision on whether to give you one – does, indeed, matter. As [...]
MI6 chief calls for Russians to spy for UK July 19, 2023 The head of MI6 has urged Russians angry at Vladimir Putin’s war in Ukraine to spy for the UK. Sir Richard Moore told them “our door is always open” and “we will work to bring the bloodshed to an end”. He said that while artificial intelligence (AI) is being used to help target the Kremlin’s [...]
Energy suppliers could have to hand money back to customers in Ofgem price cap review July 19, 2023 Ofgem could order suppliers to pass money back to customers this winter as part of its latest review of the price cap.
Ultra-high food prices here to stay as Russia exits Black Sea grain deal with Ukraine July 17, 2023 Soaring food costs may not fall as quickly as markets had hoped, retail and pub industries have warned amid a Russian supply squeeze.