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26.08.2022 - 09:54
Business
Evening Standard
What is the price cap, will it keep rising, and what support is available?
The energy price cap, which regulates the amount that 24 million households pay for their gas and electricity, will jump by around 80% from the start of October, regulator Ofgem has announced.But what is the price cap, what will happen to it in the future, and what help is available for households this winter?We explore …
26.08.2022 - 09:53
Business
Evening Standard
Scottish Power chief: Price cap rise is ‘truly catastrophic’ for millions
The boss of a major power company has warned that the 80% rise in the energy price cap will be “truly catastrophic” for millions, while Scotland’s First Minister said it is “simply unaffordable”.First Minister Nicola Sturgeon said the energy price cap rise must be cancelled, and Scottish Power chief executive Keith Anderson said that only …
26.08.2022 - 09:19
Business
Evening Standard
Government ‘must intervene on energy or risk economic and mental health crisis’
The Government must urgently intervene to help struggling households with ballooning energy costs – or risk a “full-blown economic crisis” and mental health emergency, charities and think tanks have warned.Friday’s energy price cap rise will plunge many households into destitution and put children, disabled and older people at serious risk this winter, several bodies said.Many …
26.08.2022 - 09:09
Business
Evening Standard
Micro Focus shares surge as it agrees £5 billion takeover from Canada’s OpenText
Another big-name UK technology company is being snapped up by a foreign buyer, as the weak pound offers a discount to overseas suitors for British firms.Micro Focus, the Newbury-based industrial software provider, has agreed a £5.1 billion offer from OpenText of Canada. The price — 532p per share — is almost double the level at …
26.08.2022 - 09:05
Business
Business Live
Abellio to bring railway and bus services back under UK ownership
A quartet of rail operators across the West and East Midlands, Merseyside and Anglia will be back under UK ownership by the end of this year. Abellio UK has announced a management buyout (MBO) from its state-owned, Dutch parent company Nederlandse Spoorwegen and created a new UK-based operator called Transport UK Group. Abellio UK owns …
26.08.2022 - 06:31
Business
Sky News
Johnson says energy prices should not be capped for everybody
Boris Johnson has pledged the government will announce “extra cash” in September to support households further with energy bills – after Chancellor Nadhim Zahawi suggested people should cut back on their usage.The outgoing PM said: “There’s a pipeline of cash coming through over the next few months and through the autumn and the winter. “But …
26.08.2022 - 02:02
Business
Sky News
Even those who’ve done the right thing won’t escape impact of massive rise in energy bills
With the flick of a switch, fuel poverty has become a mainstream economic condition.Defined as spending 10% or more of disposable income on energy, confirmation that typical annual bills will rise from just under £2,000 to more than £3,500 means it will now apply to around half of households in England, Scotland, and Wales. The …
25.08.2022 - 13:38
Business
Sky News
Kwarteng to review Czech billionaire’s plan to increase stake in Royal Mail
The business secretary has warned Royal Mail that a Czech billionaire’s bid to raise his stake in the company faces a national security investigation.The news was revealed by Royal Mail in a notification to the London Stock Exchange, saying that Kwasi Kwarteng “reasonably suspects” that Vesa Equity Investment might increase its stake from 22% to …
25.08.2022 - 12:58
Business
Sky News
Energy bills to soar for millions as record 80% price hike announced
Millions of households will see their energy bills rocket as the price cap is hiked to £3,549 a year, plunging many into financial hardship.The record 80% October increase, announced by the regulator Ofgem, will see a typical default tariff customer paying an extra £1,578, laying bare the deepening cost of living crisis. The rise follows …
25.08.2022 - 11:05
Business
Sky News
Sky blockbusters, funding the BBC and C4, and ITV’s new streaming platform
Ian King is at the Edinburgh TV festival and is speaking to Phil Edgar-Jones, director of Sky Arts and head of entertainment at Sky, about spending on big blockbuster TV shows like House Of The Dragon.There’s also Kevin Lygo, managing director of media and entertainment at ITV, talking about its new streaming platform, ITVX. Plus …
25.08.2022 - 10:43
Business
Sky News
Lidl to sell drought-hit ‘stunted’ fruit and veg to help farmers and cut food waste
Lidl has said it will sell “stunted” fruit and vegetables impacted by the drought to support farmers and ensure food does not go to waste.The discount supermarket has written to its British fresh produce suppliers to offer support in the wake of the prolonged record-breaking heatwave which hit crops. Where possible, it will now include …
25.08.2022 - 10:15
Business
Business Live
Gallery: Aston Villa showcase new images of Villa Park regeneration
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