Nightmare before Christmas: Half of shoppers to fork out less for gifts October 24, 2022 Half of shoppers are intending on spending less on Christmas this year as plunging consumer confidence sparks further concern for businesses. One in three of those shoppers said they would slash present budgets for close friends and family by over £25 per person, according to data from market insights firm Kantar. Brits are facing sky-high [...]
Bulb bidder Ovo Energy was on Ofgem’s nationalisation watchlist October 23, 2022 Ofgem was preparing for the potential nationalisation of Ovo Energy this summer, with the supplier considered at risk of failure.
Heads of nine key energy firms warn bill ‘threatens to undermine’ regulation in sector October 21, 2022 The heads of nine major energy companies have voiced “increasing concern” about a bill which “threatens to undermine strong, independent” regulation of the sector. In a strongly-worded letter to Jacob Rees-Mogg MP Secretary of State for Business, Energy and Industrial Strategy (BEIS), they urge the government to rethink measures Energy Prices Bill. The bill is [...]
Ovo Energy makes eleventh hour bid to snatch Bulb from rival Octopus October 20, 2022 Ovo Energy has launched a last gasp bid to snatch Bulb Energy (Bulb) from the tentacles of rival supplier Octopus Energy.
Boris Johnson expected to run in the Tory leadership contest October 20, 2022 Boris Johnson is expected to stand in the Tory leadership contest next week, with sources close to him saying he thinks it’s in the “national interest” for him to run. The Times is reporting that Johnson’s allies are taking soundings within the Tory parliamentary party and that he will likely put himself forward as a [...]
Inside £9bn Battersea Power Station renovation October 20, 2022 It could have become a theme park in the 1990s if developers got their way. But last week the Battersea Power Station building reopened for the first time since the iconic development stopped lighting up London back in 1983. It powered Buckingham Palace and the Houses of Parliament, supplying one fifth of London’s electricity, but [...]
Twenty Two restaurant review: All of Mayfair should be like this October 19, 2022 Monday nights are reserved exclusively for television binges and reluctant visits to the gym. All Londoners know this. You only venture out when a friend is visiting from out of town or when there’s a client dinner, and then you need somewhere to go that you can stomach on a Monday. Twenty Two is the [...]
Lookahead: Demand questions will take centre stage at Tesla’s quarter report October 19, 2022 Demand issues are expected to take centre stage as Tesla unveils its third quarter report later tonight. Analysts have become increasingly sceptical about the electric vehicle (EV) giant’s ability to weather the storm of soaring inflation rates, sky-high energy bills and demand weaning in China. In a trading update published earlier this month, Tesla reported [...]
Foreign secretary: PM Liz Truss made mistakes but has also learnt lessons October 19, 2022 Foreign Secretary James Cleverly has come out fighting for Liz Truss, saying she has “learnt lessons” and had the “humility to make changes.” Speaking on Sky News this morning, he batted down talk of a new prime minister amid speculation backbenchers are plotting behind the scenes. “What I’m far from convinced by is that going [...]
Panmure eyes up merger with top rival finnCap October 17, 2022 Panmure Gordon is eyeing up a merger with its London-listed rival finnCap as the industry grapples with a deal slowdown and increased need to make savings. Investment bank Panmure, which is controlled by Bob Diamond’s Atlas Merchant Capital, is reportedly in early stage talks with the financial services firm, as first reported by Mark Kleinman [...]