UK rips up state guarantees on nearly £1bn of Covid loans November 1, 2023 The UK government has scrapped guarantees on nearly £1bn of bank loans handed out to ailing businesses during the Covid-19 pandemic, leaving lenders on the hook for some of the borrowings that will not be repaid.
Ofgem must hold firm on financial rules for suppliers after energy crisis, MP warns November 1, 2023 Ofgem needs to hold firm on financial requirements for suppliers, warned the deputy chair of a leading panel of Westminster MPs.
Octopus’ valuation at the centre of £8bn tussle for Australian energy giant October 31, 2023 The value of Octopus Energy is a growing bone of contention in an attempted multibillion pound takeover of an Australian biggest energy.
BP’s profit slump points to falling gas prices, but does not explain sluggish shares October 31, 2023 BP missed analyst expectations with a heavy decline in third quarter profits, but there are bigger questions over its share price.
FTSE 100 close: London pares gains as BP slump offsets inflation hope October 31, 2023 London's FTSE markets climbed on Tuesday morning as investors received another boost from falling food inflation but oil giant BP slumped after a poor set of results.
BP posts hefty £2.7bn earnings but misses estimates amid falling gas prices October 31, 2023 Energy giant BP has posted hefty third quarter earnings of £2.7bn ($3.3bn) this morning, fuelled by robust fossil fuel trading and soaring oil prices.
Aviva hammers government push for North Sea oil and gas drilling October 30, 2023 Insurer's chief executive Amanda Blanc fears UK's climate goals are under threat
FTSE 100 close: London rises on HSBC profits in a busy week for central banks and energy giants October 30, 2023 On the FTSE 100 HSBC revealed that profits had more than doubled on last year thanks to the impact of higher interest rates
BP and Shell to receive boost from rising oil prices, analysts forecast October 29, 2023 Oil and gas giants BP and Shell are set to reap the benefits of climbing oil prices, according to analysts, as both prepare their third-quarter results.
Will the Economic Crime Act tackle the UK’s £350bn fraud issue? October 26, 2023 The government's legislation designed to tackle economic crime received royal assent today after months of back and forth between the House of Commons and the House of Lords.