Three million households to be in debt to energy supplier this winter November 3, 2021 More than three million UK households are facing a troubled winter in debt to their energy supplier – half a million more than last year – according to comparison service USwitch.com Its latest research reveals that 59 per cent of households say they are either worried, or very worried, about how they are going to [...]
Ethereum notches another all-time high November 3, 2021 Ethereum - the world's second-largest cryptocurrency - yesterday posted another new all-time high, rising to $4,643.
BP earnings spike after energy prices rocket November 2, 2021 BP has reported soaring earnings in its third quarter results after costs of oil and gas skyrocketed this year. The oil giant reported underlying replacement cost profit of $3.3 bn, compared with $2.8bn for the previous quarter. It credited this result to higher oil and gas realisations, higher refining availability and throughout “enabling the capture of [...]
Five reasons why energy transition stocks can weather the inflation storm November 1, 2021 The current inflationary pressures putting strain on global equity markets are impacting energy transition equities more than most, with many of its sub-sectors right in the eye of the storm. But while these short-term threats are painful, they should not detract from the longer-term investment opportunity. Inflationary pressures have been at the heart of this disruption. Global supply [...]
Five charts which explain what is going on with inflation November 1, 2021 “Output gap”, “bottlenecks”, “core inflation”, “base effects”, “second-round effects” “labour participation rate”. These are some of the key industry terms essential to understanding what’s going on with inflation. Soaring job vacancies reflect the strong economic recovery of the world’s major economies, as Covid-19 induced restrictions have been gradually eased. Shortages of materials, energy and transport [...]
HS2 blamed for shortage in construction industry’s key concrete supplies October 31, 2021 Builders have blamed HS2 for hoovering up key construction supplies before ordinary customers can get to them, resulting in industry-wide concrete shortages and rising prices. The UK’s flagship rail project is exacerbating global supply chain issues caused by a HGV driver shortage and international shipping delays, construction firms have warned. As a results, builders working [...]
City brings forward bets on Bank of England rate hike to this week October 31, 2021 The Bank of England will hike interest rates this week to hose down runaway inflation, according to several grandee City investment banks. JPMorgan, Deutsche Bank, Morgan Stanley and Santander have all brought their bets on when the Old Lady will increase borrowing costs to this Thursday’s rate setting meeting. The strengthening bets have been driven [...]
Ministers fear Bulb Energy collapse as energy crisis worsens – CityAM : CityAM October 29, 2021 Government ministers are increasingly fearful that Bulb Energy (Bulb) is on the brink of collapse and could cease trading as early as next week, according to Sky News. They are now accelerating contingency plans in case Bulb fails to find a rescue deal. The struggling energy firm has been working with US investment bank Lazard [...]
Climate change tech: What heat pumps could do for your home, and your wallet October 29, 2021 As the energy crisis rages on amid rising gas prices, UK householders are facing a change in the way we heat our homes to tackle climate change. Here are some answers to the key questions about one of the main technologies we could use instead of gas boilers. First, what is a heat pump? In [...]
Energy price cap to be reviewed in response to unprecedented rise October 29, 2021 Ofgem, UK energy watchdog, said it will review how the price cap on gas and electricity bills is calculated in light of the collapsing energy firms.