Mark Sweney

6 days ago | ca.finance.yahoo.com | Mark Sweney

Ten UK energy suppliers including EDF, E.ON and Octopus are to pay £7m in compensation and refunds after overcharging customers, after a review by the energy regulator for Great Britain. Ofgem said the suppliers had agreed to pay more than 34,000 customers compensation and refunds because of erroneously billing them more for standing charges than is allowed under the regulator’s price cap. Standing charges are daily fees added regardless of how much energy is used.

6 days ago | theguardian.com | Mark Sweney

The governor of the Bank of England has said that the UK now needs to do “everything we can” to rebuild its long-term trade relationship with the EU, after a breakthrough agreement with the US to reduce some of Donald Trump’s tariffs. Andrew Bailey said that while he would not pass judgment on the UK’s exit from the EU in early 2020, reversing the trade impact of Brexit would be “beneficial”.

6 days ago | ca.finance.yahoo.com | Mark Sweney

The parent company of British Airways has struck a $13bn (£9.8bn) deal to buy 32 new planes from the US aircraft maker Boeing, a day after a trade agreement with the US cut tariffs on the industry. International Airlines Group (IAG) – which also owns Aer Lingus, Iberia and Vueling – said the Boeing 787-10 aircraft would be for its British Airways fleet and included the option of buying 10 more aircraft.

6 days ago | theguardian.com | Mark Sweney

Ten UK energy suppliers including EDF, E.ON and Octopus are to pay £7m in compensation and refunds after overcharging customers, after a review by the energy regulator for Great Britain. Ofgem said the suppliers have agreed to pay more than 34,000 customers compensation and refunds because of erroneously billing them more for standing charges – daily fees that are added regardless of how much energy is used – than is allowed under the regulator’s price cap.

1 week ago | theguardian.com | Mark Sweney

With Channel 4 facing months of stopgap interim leadership and ITV in talks over a potential merger of its programme-making operation with a rival belonging to an Abu Dhabi-backed fund, the UK’s biggest free-to-air commercial broadcasters face a destabilising and uncertain summer. Earlier this week, Alex Mahon, Channel 4’s chief executive, announced she is to stand down this summer after almost eight years in the role.