Utilita boss fears Big Six advantage as he slams Ofgem reforms December 2, 2022 Ofgem risks stifling innovation and preventing energy firms from finding a pathway to profit, warned the boss of Utilita Energy.
Total Energies slashes £100m from North Sea plans after windfall tax December 1, 2022 Total Energies plans to cut its investment by a quarter next year, after the Government tightened the windfall tax last month.
Q&A: what is COP15 and why should investors care? December 1, 2022 The UN biodiversity summit COP15 is taking place in Montreal, Canada, next month. We explain why it matters. COP27, the UN climate summit, is well-known as the world’s biggest conference on climate change. But many people may be unaware of what COP15 is and why it’s important. In this quick Q&A, we look at why [...]
European jobs market defies expectations as unemployment hits record low December 1, 2022 The European jobs market is defying expectations and holding up well despite experts expecting the bloc to tip into a tough recession, fresh figures out today show. The proportion of people unemployed in the 19 countries using the euro dropped to a record low 6.5 per cent in October from 6.6 per cent in September, [...]
Peel Hunt profits plunge 99 per cent amid capital markets slowdown December 1, 2022 Peel Hunt said profits plunged by 99 per cent in the first half of the year as it is hammered by a slump in initial public offerings and volatility on the markets.
Hotel Chocolat in the red amid ‘challenging’ current trading landscape December 1, 2022 Chocolate maker Hotel Chocolat has posted a £9.4m loss but said “people are still treating themselves with affordable luxury” despite a cost of living crisis. Its full-year results came in contrast to the previous year’s, where the London-listed firm posted a £3.7m profit after tax. “It goes without saying that the current environment is challenging [...]
Let’s be honest, MPs should be allowed to expense Christmas parties for staff December 1, 2022 It has been a gruelling year for politicians. From partygate to the cost of living crisis, toxicity about Members of Parliament is on its way up. A YouGov poll earlier this month found that over two-thirds of Brits believe that politicians are “merely out for themselves”. This is an increase of 9 percentage points in [...]
Exclusive: Poundland owner opens 3,000th Pepco store amid discount frenzy December 1, 2022 Discount giant Pepco has opened its 3,00th store, with a new Berlin site, as momentum swells for affordable goods while households tighten their belts. The owner of the Pepco, Dealz and Poundland brands told CityA.M. its 3,000th Pepco store opened its doors today, with plans to roll out hundreds more stores in the near future. [...]
10,000 ambulance workers vote to strike before Christmas November 30, 2022 10,000 ambulance workers have voted to strike before Christmas. Emergency workers in the GMB Union will walk out before the end of the year, with representatives across nine services to meet and decide dates. This comes as the cost of living crisis continues to pile pressure on people’s finances, with the NHS struggling to attract [...]
City bosses more Santa than Scrooge this Christmas as it rains parties, presents and bonuses in London November 30, 2022 Despite economic difficulties, London bosses are still planning to give their staff Christmas parties, presents, or bonuses. London employers appear to be going bigger on bonuses, with 56 per cent of London staff expecting a Christmas bonus, compared with just 23 per cent of those in both the South East and South West, and only [...]