Energy suppliers should renegotiate tariffs signed at sky-high prices last year or risk the future of more than 90,000 small businesses, a leading lobby group has warned. The Federation of Small Businesses said that more than a tenth of small businesses had fixed their energy prices during the peak of the market in the second…
A US nuclear developer is poised to join the race to build new reactors in the UK and has urged the government to go faster in picking a preferred technology. NuScale, based in Oregon, said it was “very active” in the UK market and that it would “engage with the activity around the government’s SMR…
As it campaigned during the general election, Labour was brimming with bold claims about how a state-owned power company could bolster the nation’s energy security and provide people with clean, cheap power. Great British Energy would help the UK to “take back control of our energy”, would provide “real energy security from foreign dictators” and…
The government must take action to close a significant disparity in electricity costs for British steelmakers compared with their European rivals, an industry body has warned. Steel producers in Britain are paying an average of £66 per megawatt-hour for wholesale electricity this year, while the cost in France is £43/MWh and in Germany is £50/MWh,…
The most significant and very likely market-moving event this week will be the publication of the US Employment Report on Friday. Jerome Powell, the head of the Federal Reserve, has said already that “the time has come” for an interest rate cut this month on the back of easing inflation and a cooling labour market….
When one bid arrives, stock markets invariably hope and often bet that another will follow and so it has proved with Rightmove, the property market portal that now finds itself in the shop window rather than the houses its estate agency clients are seeking to shift. The revelation of a possible bid for Rightmove from…