Yamal-Europe pipeline reports reverse flows for sixth day running as Europe’s energy crisis deepens December 26, 2021 The Yamal-Europe pipeline has been sending fuel eastwards for the sixth day running as fears over energy shortages this winter continue to rise.
Energy groups push for government action as power prices reach record highs December 23, 2021 Energy UK is the latest industry voice calling for government support as the energy sector struggles with record wholesale gas prices.
Markets bet on Bank of England hiking spree in 2022 December 23, 2021 Traders are ramping up bets on the Bank of England going a hiking spree this coming year. The Bank will look through economic risks posed by the Omicron variant of coronavirus and lift rates above one per cent by the end of 2022, the first time that level has been breached since 2009 in the [...]
Good Energy calls for government support as share price plummets amid soaring wholesale costs December 22, 2021 Good Energy's shares tumbled seven per cent on Wednesday, after it downgraded it profits guidance by £3m amid serious volatility in the industry.
Taxpayer bill for Bulb could top £1bn as energy prices soar December 22, 2021 Running failed energy supplier Bulb could could cost taxpayers over £1bn as the price of gas continue to rocket, according to reports. Bulb was left to shoulder the spiralling cost of gas after administrators were instructed, at short notice, by the government to buy most of its wholesale energy needs, sources told The Times, which first [...]
Energy crisis will stretch into spring with Ofgem expected to hike household bills by £700 December 21, 2021 The energy crisis will extend into next year with UK households facing a “painful” £700 increase in energy bills, warns Investec.
UK gas prices reach all-time highs as winter tensions mount across Europe December 17, 2021 UK gas prices surged to an all-time high of 350p per therm earlier this week amid soaring demand and supply concerns.
IEA urges India and China to put climate pledges into action as coal power generation reaches record levels December 17, 2021 The International Energy Agency has called on China and India to reduce coal power generation, describing both countries as “holding the key to future coal demand".
Inflation has been Odyssey of 2021 for a behind the curve Bank of England December 17, 2021 Odysseus famously stuffed his ears with beeswax to avoid being lured by the sirens. Thousands of households across Britain were likely doing something similar to stop themselves from wincing at the final inflation reading of the year. Prices are now 5.1 per cent higher than they were a year ago. For anyone with an appetite, [...]
National World shares surge after reassuring investors of sturdy revenue December 16, 2021 Media outlet National World had its shares soared today after it confirmed to investors that its full revenue would likely hit £85m – despite the decline in print. Its trading performance in the second half of the year exceeded the company’s expectations, with its digital presence up around 20 per cent in the year to [...]