British Gas the fourth of the Big Six energy suppliers to boost prices after Ofgem’s price cap February 19, 2019 British Gas, the country's biggest energy supplier, becomes the fourth of the Big Six energy companies to raise its prices after Ofgem, the energy regulator, increased the price cap on gas and electricity bills. Customers of British Gas can expect the standard variable tariff to increase by £117 for 3.5m customers starting 1 April. Stephen Murray, [...]
As competition heats up, meet the energy company taking on the Big Six by cutting consumption January 14, 2019 You know the drill: energy companies lure you in with a cheap introductory rate, and once it expires, you’ve either got to repeat the hassle of shopping around for a new deal, or you’re automatically moved onto the provider’s expensive default tariff – otherwise known as the standard variable rate (SVR). This isn’t a glitch [...]
Elon Musk could learn a thing or two from Sweden about a healthy work-life balance December 7, 2018 Last month, Elon Musk issued another controversial decree from his Twitter parapet. Appealing to potential applicants to his various companies, Musk made the claim that “nobody ever changed the world on 40 hours a week”. When pressed for details on what would constitute an earth-altering amount of weekly work, he recommended “80 sustained, peaking above [...]
The hyperloop train is leaving the station – and the UK must be on it November 7, 2018 Britain can reasonably claim to have invented the railway. Stephenson’s Rocket represented the pinnacle of British industrial-era innovation. The ability to move products and people by steam locomotion had a transformative effect on society. British ingenuity saw railways knit communities together across the country, and eventually the globe. And for the next couple of centuries, [...]
Tesla hit with SEC subpoena over Model 3 production targets November 2, 2018 Tesla has received a subpoena from US regulators over company production estimates, the firm revealed today. The US Securities and Exchange Commission (SEC) is looking into claims that the electric carmarker has made over production of its Model 3 sedans last year. Department of Justice prosecutors have also asked for the company to provide [...]
Musk comes good on profit pledge as Tesla rolls into the black October 24, 2018 Elon Musk delivered Wall Street his long-promised pledge of putting Tesla in the black late this evening, with shares soaring more than 12 per cent after the bell as the company produced its largest quarterly profit ever. In one of the most highly anticipated reports of the third-quarter, electric car company trumped expectations after it [...]
How to capitalise on the electric car revolution October 23, 2018 Electric vehicles have existed since 1828, and yet their prevalence in popular society has remained the stuff of science fiction for more than two centuries. It’s only recently that electric cars have become commonplace, helped partly by government policies – such as the planned ban on the sale of new petrol and diesel vehicles by [...]
UK’s largest energy companies saw profits drop in 2017 October 11, 2018 The profit and market share of the UK's six largest energy suppliers dropped as more customers switched providers last year. Annual profits dropped by 10 per cent to £900m last year, the first fall since 2014, according to a report by energy industry regulator Ofgem, following an increase in competition. Read more: DEBATE: Does the energy market [...]
Character assassination: Business bosses are starting to realise that Twitter has a price September 30, 2018 It is not boardroom discord or tumbling profits that are causing mayhem for Elon Musk, the maverick and publicity-hungry Tesla chief who is set to lose his role as chairman. It’s his Twitter habit. His case exemplifies how Twitter, the social media platform that can send 280 poorly chosen characters right round the world in [...]
Musk to step down as Tesla chairman and pay $20m fine in settlement with US regulators September 30, 2018 Elon Musk is to step down as chairman of Tesla after settling a fraud lawsuit with US regulators over tweets he made about taking the firm private. The billionaire boss of the electric car-making firm has also agreed to pay a $20m (£15m) fine from the US securities and exchange commission (SEC), staving off a [...]