Moderna investors left disappointed by vaccine maker’s subdued sales forecast despite strong fourth quarter February 23, 2023 Moderna has reaffirmed annual sales forecast of $5bn (£4.1bn) for its Covid-19 vaccines despite its fourth-quarter sales exceeding estimates, on expectations of lower demand for the shots in the fourth year of the pandemic. Sales of the vaccine, Moderna’s sole commercial product, were expected to fall sharply this year from $18.4bn in 2022 as most people [...]
Rishi Sunak: PM’s personal poll ratings hit record lows February 22, 2023 Rishi Sunak’s approval rating has reached its lowest point yet amid widespread pessimism about Brexit and the direction of the UK. Just 27 per cent of people told pollster Ipsos that they had a favourable opinion of the Prime Minister in a survey, while 46 per cent said they had an unfavourable view. A month [...]
Scottish Power owner Iberdrola expects hefty profit rise before windfall tax February 22, 2023 Scottish Power owner and Spain's biggest utility firm Iberdrola expects its net profit to increase by eight to ten per cent this year.
EU carbon hits €100 taking cost of polluting to record high February 21, 2023 The price of permits on the EU's carbon market hit €100 per tonne (£88.01) for the first time on Tuesday, exposing costs of polluting.
Fossil fuel industry needs to do more to tackle methane emissions, warns IEA February 21, 2023 The fossil fuel industry is failing to tackle methane emissions despite its pledges to uncover and fix leaking infrastructure, warns the IEA.
OPEC+ decisions not politicised, Saudi energy minister insists February 20, 2023 Decisions by OPEC+ are not politicised, argued Saudi Arabian energy minister Prince Abdulaziz bin Salman.
Tesco raises store workers pay by 7 per cent February 20, 2023 Tesco, Britain’s biggest retailer, will raise hourly pay for about 220,000 store workers by 7 per cent from April – another increase that will likely catch the attention of the Bank of England, which is worried about inflationary pressure in the economy. The supermarket group, one of the country’s largest private sector employers, said a [...]
Prepayment customers twice as likely to go into debt, new data reveals February 20, 2023 People with prepayment meters in their homes have been nearly twice as likely to dip into debt due to the cost of living crisis than others.
Customers face higher bills as Ofgem double Covid allowance for suppliers February 17, 2023 Ofgem has announced it will almost double the allowance it grants energy suppliers to recover some of the bad debt costs from the pandemic.
Shell: European demand to boost LNG competition over next two years February 16, 2023 Europe's growing need for liquefied natural gas will boost competition with Asia for LNG over the next two years, Shell revealed on Thursday.