Brits’ energy bills to hit £4,000 by January as gas prices spiral out of control August 7, 2022 The average energy bill is set to climb to nearly £4,000 a year from January as gas prices continue to push upwards, new analysis has shown. Energy consultancy Auxilione warned that the Government’s price cap, which sets bills for more than 20 million households in Great Britain, could be increased further than previously expected. It [...]
OPEC forecasts boost in China oil demand after SVB collapse sparks crude price tumble March 14, 2023 Chinese demand should bolster the oil market, even as crude prices tumble following the collapse of Silicon Valley Bank, says OPEC.
Energy prices spike after Russia invades Ukraine February 25, 2022 Russian President Vladimir Putin’s decision to launch a full-blown incursion of Ukraine sent energy prices soaring raising fears the UK's living squeeze will tighten.
Pantheon Infrastructure raises £400m in over-subscribed IPO November 11, 2021 Pantheon Infrastructure said this morning it has raised £400m of fresh capital at its IPO, with a share price of £1 per share. The company had initially set a target of around £300m, so the firm said it is “very pleased” with the result. During the raise, Investec Bank had come on board to arrange [...]
SSE will back UK projects with fresh profits September 27, 2022 SSE has committed to reinvesting any further earnings from ultra-high wholesale power prices into building new domestic energy assets.
Behind the story: the cost of living crisis and war in Ukraine February 25, 2022 Britain is more sheltered than other countries from the massive spike in energy prices that could unfold as a result of Europe’s overreliance on Russian gas. Customers in the UK will at least in the short term be protected from higher prices by the energy price cap. But if the cost of energy continues to spiral [...]
Oil dips as European leaders play down prospect of sanctions on Russian energy supplies March 7, 2022 Oil prices have dipped following strong rallies this morning, with Europe playing down the prospect of sanctions on Russian energy supplies.
US agency predicts decline in oil prices as producers pledge to boost global inventories January 13, 2022 Increased supplies in global petroleum inventories will cause oil prices to drop, argues the US Energy Information Administration.
Investec’s asset management arm Ninety One to push ahead with float despite market turbulence March 2, 2020 Investec’s asset management arm Ninety One said today it would push ahead with a planned float despite a recent sell off in global markets. It said today it had set a price range of 190p to 235p giving it a value of £1.75bn to £2.1bn. The company said it would persist with its initial public [...]
UK borrowed record £16.7bn for February but Jeremy Hunt handed interest bill boost March 21, 2023 The UK borrowed a higher than expected £16.7bn in February, a record for that specific month due to the government spending billions on helping families with the cost of energy bills, official figures out today reveal. Office for National Statistics (ONS) numbers indicate Chancellor Jeremy Hunt’s decision to cap typical household energy bills at £2,500 [...]