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EDF suspends forced installation of prepayment meters after British Gas controversy
The energy company EDF has suspended the forced installation of prepayment meters while it reviews its processes. The French energy company, which has five million customers, says it carries out transfers to prepayment meters as a “last resort only when it is safe to do so”. In a statement, EDF outlined its processes for dealing with …
Business
Sky News
The claims about British Gas prepayment meters explained
British Gas has been hit with allegations its debt collectors broke into the homes of vulnerable customers to fit prepayment meters, after an undercover investigation by The Times. Here’s what we know so far about the claims, the evidence and the investigations that have been launched. What is British Gas accused of?British Gas is accused of …
Business
Sky News
Read between the lines and it’s clear the Bank thinks we are at – or near to – a peak in interest rates | Ed Conway
Back in the Soviet era, analysts would spend hours trying to read between the lines of the speeches and comments coming out of the Kremlin.Was there a hint buried in this or that paragraph about nuclear policy and the path of the Cold War? Today, economists do much the same thing with the noises coming …
Business
Sky News
Shapps tells British Steel owner redundancy plans are “unhelpful”
The business secretary, Grant Shapps, has told British Steel’s Chinese owner that proposals to make hundreds of workers redundant are “unhelpful” amid negotiations over a £300m taxpayer support package.Sky News understands that Mr Shapps wrote to Li Huiming, Jingye Group’s chief executive, this week prior to the public disclosure of its plans to axe 800 …
Business
Sky News
Shapps tells British Steel owner redundancy plans are ‘unhelpful’
Business Secretary Grant Shapps has told British Steel’s Chinese owner that proposals to make hundreds of workers redundant are “unhelpful” amid negotiations over a £300m taxpayer support package.Sky News understands that Mr Shapps wrote to Li Huiming, Jingye Group’s chief executive, this week prior to the public disclosure of its plans to axe 800 jobs …
Business
Business Live
JD Sports sets out plans to become the ‘leading global sports-fashion powerhouse’ and open hundreds of stores a year
JD Sports has set out its vision to become the world’s “leading global sports-fashion powerhouse”. The Bury-headquartered group has drawn up a five-year plan that is being presented to analysts and investors. In an update to the London Stock Exchange, JD Sports said it is aiming to put its JD brand first, focus on “complementary …
Business
Evening Standard
How will the latest rail strikes affect each train operator?
Britain’s train services will be hit by strike action on Friday.Train driver members of Aslef and the Rail, Maritime and Transport union (RMT) will walk out in a long-running dispute over pay, jobs and conditions.Here is a breakdown of each operator’s plan for Friday:– Avanti West CoastNo trains will operate.Read MoreRail passengers warned of continued …
Business
Evening Standard
Virgin Atlantic to relaunch Shanghai flights suspended since 2020
Virgin Atlantic has announced it will restart flights between London Heathrow and the Chinese city of Shanghai on May 1, ending a two-and-a-half-year suspension.The airline has not operated flights on the route since December 2020 due to the coronavirus pandemic.It said it will resume operations following a relaxation of China’s travel restrictions, with borders reopened …
Business
Sky News
Bank of England hikes interest rates by 0.5 percentage points in tenth consecutive rise
The Bank of England has raised UK interest rates by a further half percentage point to 4%, but gave its clearest signal yet that borrowing costs may now be nearing their peak.This was the Bank’s tenth successive interest rate increase, but in the accompanying documentation, it hinted that there is a chance it might be …
Business
Sky News
Base interest rates up to 4% but Bank of England’s language on economy shifts
The Bank of England has raised UK interest rates by a further half percentage point to 4%, but gave its clearest signal yet that borrowing costs may now be nearing their peak.This was the Bank’s tenth successive interest rate increase, but in the accompanying documentation, it hinted that there is a chance it might be …
Business
Business Live
Queens Arcade in the centre of Cardiff in property receivership
The Queens Arcade in the centre of Cardiff has been put into property receivership. The previous owner of the freehold interest in the two level retail scheme, Isle of Man based company Sapphire, is understood to have breached its banking covenant. The undisclosed bank has maintained Addington Capital as asset manager for the scheme, while …
Business
Evening Standard
Heathrow boss John Holland-Kaye to stand down this year
Heathrow Airport boss John Holland-Kaye is to leave his role this year.The UK’s busiest airport announced that Mr Holland-Kaye, who has been chief executive for nine years, will remain in post until a successor is appointed.Mr Holland-Kaye played a key role in Heathrow securing parliamentary approval for its third runway scheme, and has been a …

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