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Sky News
Energy regulator faces heat over £200m in credit balances ‘missing’ after supplier failures
The energy regulator has told MPs that it estimated around £200m in household credit balances was lost through the failures of energy companies over the past year – with up to £10 set to be added to rocketing bills as a result.Ofgem chief executive Jonathan Brearley made his remarks as the business, energy and industrial …
Business
Sky News
Around £200m in customer credit balances ‘missing’ after energy supplier failures
The energy regulator has told MPs that it estimated around £200m in household credit balances was lost through the failures of energy companies over the past year – with up to £10 set to be added to rocketing bills as a result.Ofgem chief executive Jonathan Brearley made his remarks as the business, energy and industrial …
Business
Business Live
Principality Building Society commits to keeping all its branches open
Principality Building Society has committed to keeping all its branches and agencies open until at least the end of 2025. The Cardiff headquartered mutual has the largest high street brand presence of any bank or building society in Wales. It has 53 branches and 14 agencies – although some are just over the border in …
Business
Business Live
Greggs to launch ‘tasty’ clothing range in link up with Primark
Retail giants Primark and Greggs have announced a unique collaboration which will see the launch of a clothing collection – and the world’s biggest Greggs cafe. The high street favourites have come together to release a new 11-piece clothing range, which will go on sale in 60 Primark stores across the UK later this month. …
Business
Business Live
East Midlands commercial property investment doubles to nearly £2.3bn in 12 months
The amount invested in commercial property across the East Midlands doubled to almost £2.3 billion last year compared to a year earlier. Figures from commercial real estate specialist Innes England suggested the amount spent was also more than 70 per cent above the five year average. The growth has been put partly down to the …
Business
Business Live
How rail’s South Wales Metro project can better serve Cardiff and decarbonisation
Work is now well under way on electrifying the Core Valley Lines into Cardiff as part of the Welsh Government’s flagship Metro project. Its completion, due to the pandemic, could be pushed slightly back into 2024 and don’t be surprised if the £734m predicted cost doesn’t end up being higher. However, it will provide a …
Business
Sky News
Arm’s $40bn sale to Nvidia is called off after US-UK regulatory pressure
The $40bn deal for US tech giant Nvidia to buy UK computer chip designer Arm has collapsed after the takeover attracted regulatory hurdles on both sides of the Atlantic.Arm’s owner, the Japanese conglomerate SoftBank, and the US firm said the plug had been pulled on the deal, which was first agreed two years ago, and …
Business
Business Live
ADVERTORIAL: How Protex Systems can help install the right fire and gas detection systems with breakthrough laser technology
With orders rapidly rising, Protex Systems has the technology to help firms across the UK strengthen their workplace safety by installing one of the leading gas detection systems. Protex Systems specialises in providing fire and gas detection equipment and solutions to a range of industries in the UK and overseas, both on and offshore. The …
Business
Sky News
‘Pent-up demand’ sees UK summer holiday bookings ‘19% up on pre-pandemic levels’, TUI reports
Holiday operator TUI has reported that UK bookings for summer holidays are up 19% on pre-pandemic levels, despite household finances facing a squeeze from surging inflation.The Germany-based company said the UK market was outperforming its wider business in terms of sales ahead of the core season for international travel. TUI, which runs hotels, airlines, cruises …
Business
Evening Standard
BP profits rocket as critics call for windfall tax
Business
Sky News
BP to ‘accelerate greening’ as surging energy prices push profits to $12.8bn
Oil giant BP has announced plans to “accelerate the greening” of the company while revealing its highest annual profits for eight years on the back of surging oil and gas costs.The firm said underlying profits came in at $12.8bn (£9.5bn) for 2021 on the back of $5.7bn loss over the previous 12 months. The performance …
Business
Euro News
DeFi explained: What is decentralised finance and could it be a death sentence for banks?

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