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.
Kremlin seizes Danone and Carlsberg subsidiaries in latest sanctions pushback July 17, 2023 The Russian state has taken control of French yoghurt maker Danone’s Russian subsidiary along with beer company Carlsberg’s stake in a local brewer, according to a decree signed by President Vladimir Putin on Sunday. The decree said that foreign-owned stakes in Danone Russia and Baltika Breweries were being put under the “temporary management” of government property agency Rosimushchestvo. It comes after the Russian subsidiaries of Germany’s Uniper and Finland’s Fortum were taken under state control in April. The Kremlin warned [...]
Black Sea grain deal to expire Monday if Russia quits July 17, 2023 A pact that has allowed the safe Black Sea export of grain from Ukraine for the past year will expire at the end of Monday.
Oil prices slide as weak economy data in China fuels demand concerns July 17, 2023 Oil prices have dipped after sluggish growth figures from China renewed concerns about demand in the second half of the year.