Martin Lewis begs Sunak and Truss to ‘sit down together and make a decision on soaring energy bills’ July 28, 2022 Martin Lewis has urged Tory leadership hopefuls to take action on eye-watering energy prices and “forestall the mental damage” debts will cause. The consumer champion who founded MoneySavingExpert.com said the situation with energy bills is reaching a “desperate” stage, and will impact on millions of households. He also warned the situation needed to be solved [...]
Kwarteng tells XR activists: The UK won’t switch off domestic oil and gas production April 14, 2022 The UK “won’t switch off domestic oil and gas production”, the energy secretary has said in response to activists glueing themselves to his department’s building. Kwasi Kwarteng’s comments came scientists aligned to the Extinction Rebellion group protesting at the department for Business, Energy and Industrial Strategy (BEIS) building. In images and footage posted on social [...]
Wizz Air cancels 10 per cent of flights as airline battles ongoing travel chaos July 27, 2022 Wizz Air has announced it will cut additional flights from its summer schedule in a bid to combat the ongoing travel chaos. Chief executive Jozsef Varadi said that cancellations will amount to 10 per cent of summer flights, up from the 5 per cent announced on 11 July. “We’ve been going through some real pain [...]
Maersk warns about future impact of China’s lockdowns despite record quarter May 4, 2022 Maersk has warned about the impact of China’s current lockdowns on its future performance, despite reporting record quarterly profits. “Further challenges arise from the ongoing Covid-19 lockdowns in China, and while the impact on the first quarter is limited, it may worsen the congestion environment in coming quarters as the situation develops,” the company said [...]
Pound Sterling crashes to jaw-dropping 37-year low as City awaits name of new Prime Minister September 5, 2022 Pound Sterling dropped this morning below its pandemic lows against the dollar after weeks of weakening, sending it to the lowest point in decades. It means that it has been 37 years since British holidaymakers in the US, and importers bringing products into the UK, got so little bang for their pound. It briefly fell [...]
London Stock Exchange Group shares tumble as broker raises questions over revenue growth April 12, 2022 Shares in the London Stock Exchange Group have plunged this morning as a top broker raised questions over the firm’s long term revenue growth.
WATCH – ‘Tasty and that’s it’: Rebranded McDonald’s opens in Moscow June 13, 2022 A new era for fast food in Russia has dawned with the opening of rebranded McDonald’s under the name Vkusno & Tochka, which translates to ‘tasty and that’s it’. While the golden arches and big macs may have gone, the rebranded restaurant chain opened up its doors once again, more than three decades after McDonald’s [...]
Edinburgh Fringe could be forced to close due to rising costs, warns chief executive April 11, 2023 The head of the Edinburgh Festival Fringe Society has warned the annual Edinburgh Fringe event is under “existential threat” due to rising costs faced by companies and venues. Speaking on Barry Fearn’s Leading Conversations podcast, Society chief executive Shona McCarthy said the lack of support had left the Fringe “cracking at the seams” before the [...]
Greencoat Renewables bolsters assets to power nearly 340,000 homes February 28, 2022 Greencoat Renewables has bolstered its assets over the past year, enough so that it has produced enough renewable energy to power 339,000 homes. The portfolio increased to 25 assets in the year to December 31, with a net generating capacity of 800MW and 1,522 GWh of electricity in the period. The renewable energy it has [...]
Energy security hopes belong in wonderland unless Britain builds again July 17, 2023 The government needs to speed up the approval and construction of energy projects if it has any hopes of supply security and net zero.