Record winter heat across Europe drives down gas prices January 3, 2023 Record temperatures over the New Year across Europe has seen gas prices plummet, easing blackout fears.
UK inflation to trend higher as firms hoist prices amid cost barrage February 28, 2022 Inflation will trend even higher in the coming months driven by UK businesses lifting prices to cope with intensifying wage pressures, reveals a fresh survey published today. Nearly half of firms are expecting to hike pay at least one per cent over the coming year, leading to them raising prices to protect margins, according to [...]
Ofgem considers halving price cap implementation period March 15, 2022 Ofgem has revealed it could halve the implementation period for the price cap - cutting it down from two months to one month.
Berkeley snaps up National Grid’s stake in joint venture for over £400m March 15, 2022 Property developer Berkeley has acquired the National Grid’s stake in a realty joint venture for £412.5m. The London-listed house builder snapped up the remaining 50 per cent interest in its St William Homes joint venture, it announced on Tuesday. Rob Perrins, Berkeley’s chief executive said: “The vision of our innovative partnership was to take National [...]
Bank of England, Fed and ECB to heap more pain on global economy – but could peak rates be in sight? January 29, 2023 City traders are gearing up for a week in which the world’s top central banks will heap even more pain on households and businesses by hiking interest rates to tame inflation – but they could send the first signal indicating they will stop doing so soon. The UK, US and eurozone economies are beginning to [...]
Gas prices hit record levels this month reveals Office for National Statistics March 10, 2022 Gas prices soared 66 per cent in the week up to 6 March 2022 to record levels at 15.5p per kilowatt hour (kWH), according to the ONS.
Nord Stream explosion signals challenging winter for Europe September 28, 2022 Experts warned the Nord Stream crisis could beckon future unpredictability across Europe, warned experts.
Oil prices recover as EU targets Russian coal April 6, 2022 Oil prices have rebounded from recent losses, as the prospect of fresh sanctions on Russia raised fears of supply shortages.
Bank of England and Fed to ignore Credit Suisse chaos and hike interest rates this week March 21, 2023 The Bank of England and US Federal Reserve are this week expected to ignore the on-going financial market chaos which resulted in Credit Suisse being pawned off in a shotgun sale and hike interest rates. City analysts have tipped Fed Chair Jerome Powell and Bank Governor Andrew Bailey to prioritise fighting inflation instead of shielding [...]
National Grid confirms winter outlook on the way after Norway warns of export curbs August 9, 2022 National Grid will provide a full winter outlook in the coming months to ensure its forecasts are as "robust as possible."