Category Business

Average energy bills drop 17% to £2,074

Harbour Energy profit (but not cash) wiped out by windfall tax

Finally some marvelous news for people’s budgets – energy prices are falling and in a meaningful way. From 1 July Ofgem’s energy price cap will drop to £2,074, more than £400 below the current government Energy Price Guarantee. With the…

FTSE 100 off to a strong start as miners rally

FTSE 100 higher as it shrugs off inflation and interest rate concerns

UK stocks made a strong start on Friday after an Nvidia-inspired charge on Wall Street overnight helped recede investor attention away from the rumbling US debt ceiling crisis. Bumper earnings from chipmaker Nvidia indicated some substance behind the recent hype…

UK car production up in April as exports surge

London Business News

British car manufacturing made further gains in April, with output increasing for the third month in a row, up 9.9%, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). 66,527 cars rolled out…

UK investors positive on crypto

London Business News

According to current research by London-based Nickel Digital Asset administration (Nickel), Europe’s leading regulated and award-winning digital assets hedge fund manager founded by Bankers Trust, Goldman Sachs and JPMorgan alumni, professional investors in the UK are turning positive on crypto…

activity Party listings reform: City reacts

European markets move higher

A activity government would bolster London’s flagging market for modern company listings, Rachel Reeves, the shadow chancellor, is expected to say this week. The City of London Corporation, Policy Chairman Chris Hayward, said: “The UK’s capital market is in urgent…

Zoom lifts forecasts

London Business News

While Zoom’s glory days during the pandemic may be behind it, the picture of a sustainable business at least flickered into life in its latest earnings update as it beat expectations and forecasts were lifted. However, early gains for the…