Renewable revenue cap risks supply security and higher energy bills October 24, 2022 A cap on low carbon generator revenues jeopardises supply security and condemns customers to high energy bills, warns Energy UK.
Russian invasion of Ukraine ‘inevitable and imminent as Putin has negotiated himself into a corner’, UK Defence Committee chair warns January 17, 2022 A Russian invasion of Ukraine is “inevitable and imminent”, the UK’s Commons Defence Committee chairman Tobias Ellwood has said. The Conservative MP made the claim in the wake of a massive cyber attack on Ukraine which left much of the country without heat, light and access to money. Speaking to the Daily Mail about the [...]
Iran seizes Greek oil tankers in escalation of Tehran’s spat with Western powers May 28, 2022 Iran’s Revolutionary Guards have seized two Greek oil tankers, after the Iranian government said it would take “punitive action” against Greece over its seizure of an Iranian oil cargo last month. Iran’s Islamic Revolutionary Guard Corp (IRGC) said it had seized two Greek tankers sailing in international waters off the coast of Iran. The seizures [...]
Inspiration Healthcare warns investors of hit to sales over China lockdowns November 28, 2022 Inspiration Healthcare has warned shareholders that sales will not exceed last year’s levels because of ongoing Covid-19 restrictions in China. The company’s China-based distributor has been significantly disrupted by the tough pandemic measures, which has curbed its “access to major customers”, the company said in a statement today. “As a result of this continued uncertainty, [...]
Shares in defence supplier Ultra soar as Kwarteng hints of £2.6bn takeover approval June 24, 2022 The £2.6bn takeover of UK defence supplier Ultra Electronics by private equity-owned Cobham is reportedly set to receive a green light from the government. Business secretary Kwasi Kwarteng announced on Thursday that he is “minded to accept undertakings offered”, despite national security concerns. The move seemingly sparked the interest of investors, as Ultra’s share soared [...]
London economy powers ahead of every other UK region as the capital shrugs off recession fears April 18, 2023 London’s economy is firing on all cylinders and has raced ahead of every other region in the UK as spending in the capital climbs to the highest level in a year, a new survey shows. According to NatWest and S&P Global’s regional purchasing managers’ index (PMI), businesses in London are performing better than in any [...]
Europe faces winters of discontent without gas price cuts, warns Belgium August 29, 2022 The EU could suffer a decade of painful winters if nothing is done to reduce natural gas prices, warned Belgium's energy minister.
UK investors see India and tech funds smash June as climate strategies falter July 1, 2024 Ben Yearsley, director of Fairview Investing, described the Indian bounce as "slightly surprising" given the initial market panic initially after the election.
Government amends windfall tax as energy body warns of supply shocks this winter July 6, 2022 The Government has made several amendments to the Energy Profits Levy, with industry bodies calling for further changes ahead of winter.
Zara owner Inditex warns of challenges ahead after shutting Russian shops March 16, 2022 Zara owner Inditex has reported sales surpassing pre-Covid levels but warned of looming challenges after severing ties with Russia. The world’s largest fashion retailer said Russia was a major market, after it shut its 503 shops and suspended online sales in the country amid its war in Ukraine. Russia and Ukraine accounted for five per [...]