UK looks north: Oil and gas remain key to energy independence March 14, 2022 The UK is seemingly committed to North Sea oil and gas as it cuts itself off from Russian energy supplies following the invasion of Ukraine.
Insurtech Marshmallow reaches $1.25bn valuation and becomes UK’s second black-founded unicorn September 8, 2021 Digital car insurance provider Marshmallow has smashed the $1bn threshold after its latest Series B funding round, making it the second UK unicorn with founders of Black heritage. Marshmallow’s latest cash injection of $85m values the insurtech at over $1.25bn (£907m), joining the ranks of other recent UK unicorns Starling Bank, Gousto, Zepz and Zego. [...]
Analysis: UK more bullish on energy sanctions with EU’s Russian dependency raising supply fears February 27, 2022 The West has ramped up sanctions against Russia but only the UK appears eager to push for new limits to Russian energy supplies.
‘Let the West pay more’: Russia dares EU to bring in oil ban May 11, 2022 The Kremlin has warned it has enough buyers for its energy resources outside of Western countries, as the EU weighs up a Russian oil ban.
Exclusive: Good Energy boss hits out at ‘misty-eyed’ calls to nationalise utilities August 14, 2022 People should not get "misty-eyed" over nationalised utilities, argued Good Energy boss Nigel Pocklington.
Savings rates: As FCA puts banks on war footing what are the best accounts for your cash? April 21, 2023 As interest rates look set to increase, we look at the best and the worst paying savings accounts on offer. Banks and savings providers have come under fire for not passing on interest rate rises to savers This week the FCA said it would be keeping an eye on banks’ first quarter profits to make [...]
Think tanks call for government to ensure secure gas supplies as market crisis deepens March 16, 2022 Think tanks call on government must ensure gas supplies are resilient this winter following Russia's invasion of Ukraine and spiking wholesale costs.
FTSE 100 closes higher as tech stocks boost Wall Street May 24, 2021 London’s FTSE 100 closed higher this afternoon after posting its second straight weekly drop, as oil majors provided the biggest boosts to the index. Wall Street also opened higher as tech stocks showed signs of bouncing back from a poor month. The blue-chip index advanced 0.5 per cent over the dat’s trading, buoyed by gains [...]
USwitch urges government to offer more support to households amid soaring energy costs January 6, 2022 USwitch has called on the government to support vulnerable households following reports the price cap will rise to £2,000 next April.
Consumers should brace themselves for runway energy bills as price rises that overwhelmed suppliers in 2021 start to trickle down January 4, 2022 Consumers should brave themselves for runaway household bills this year as the energy sector continues to struggle with soaring gas prices, which consigned a string of energy suppliers to the graveyard in 2021. Energy suppliers had been paying 54p per therm of gas at the beginning of last year. By September 2021, that had reached [...]