Covid-19 spooks majority of firms to keep cash reserves stocked up November 15, 2021 More than 70 per cent of larger businesses are seeking to bolster their cash reserves, as firms look to strengthen their position to tackle any future crises, according to the latest research, which has been shared exclusively with City A.M. The Covid-19 pandemic has been a wake up call for businesses, after the global health [...]
A tale of two oil giants November 6, 2023 Energy giants BP and Shell unveiled sharp downturns in their usual earnings last week in a rocky third quarter for the sector.
North Sea operator Serica Energy rejects £1bn merger proposal from Kistos July 12, 2022 Serica Energy has rejected a £1bn merger proposal from Kistos, which is looking to expand its presence in the North Sea.
West End: Shaftesbury investor raises concern with £3.5bn merger with rival Capco May 15, 2022 Concerns have been raised over West End landlord Shaftesbury’s planned £3.5bn merger with rival Capital & Counties Properties (Capco), by a key investor. Shareholders could be left worse for wear, Chris Hills, chief investment consultant at Investec, which has a 1.65 per cent stake in Shaftesbury, told The Times. As Shaftesbury trades at just an [...]
Ofgem under pressure as director quits role after price cap changes August 17, 2022 An Ofgem director has quit their role after the watchdog changed the methodology of the price cap, imposing hundreds of pounds on households.
Exclusive: Labour plans to tackle energy crisis lack ‘bold thinking’ argues Utilita boss August 16, 2022 Labour's efforts to tame household energy bills this winter does not provide enough support for vulnerable customers, says Utilita.
Liz Truss tax cuts must be bolder to revive UK economy, Thatcherite thinks tank claims September 21, 2022 Liz Truss must be even bolder than cancelling the corporation tax rise to unlock the UK’s full economic potential, a Thatcherite think tank has claimed today. The prime minister’s chancellor, Kwasi Kwarteng, is expected to reverse the six percentage point corporation tax hike at this Friday’s mini-budget. The move will generate a 1.2 per cent [...]
Oil markets sustain rally as EU commits to Russian embargo May 31, 2022 Oil prices continued to rise today, after the EU finally agreed to a phased and watered down ban on Russian crude imports.
Jeremy Hunt faces calls for March budget giveaways after UK borrows £30bn less than forecast February 21, 2023 The UK government spent less than it reaped in from taxpayers last month helping to push yearly borrowing £30bn lower than projected by forecasters, officials figures out today reveal. The difference between what the government generated in revenue and spent hit a positive £5.4bn, meaning the UK’s public finances were in surplus last month, according [...]
Today: Govt to hold emergency talks with energy chiefs as anger over spiralling energy bills rises August 11, 2022 Energy bosses will meet with Government tomorrow, to discuss how they can ease pressure on consumers facibng record bills.