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1 month ago | 
envirolink.org | Nick Edser
The UK’s largest gas storage facility could be closed if the government does not help support a redevelopment of the site, the boss of the company which owns it has told the BBC. Centrica chief executive Chris O’Shea told BBC One’s Sunday with Laura Kuenssberg programme that its Rough storage facility would be “shut down” without government help over energy pricing.
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1 month ago | 
yahoo.com | Nick Edser
Domestic energy prices are forecast to fall in July, the first drop in regulator Ofgem's price cap for a year. The bill of a household using a typical amount of gas and electricity will fall by £129 a year, a drop of nearly 7%, analysts at the consultancy Cornwall Insight have predicted. The fall would mean a typical annual bill for a dual-fuel customer paying by direct debit would cost £1,720, down from the current level of £1,849.
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1 month ago | 
ca.news.yahoo.com | Nick Edser
Domestic energy prices are forecast to fall in July, the first drop in regulator Ofgem's price cap for a year. The bill of a household using a typical amount of gas and electricity will fall by £129 a year, a drop of nearly 7%, analysts at the consultancy Cornwall Insight have predicted. The fall would mean a typical annual bill for a dual-fuel customer paying by direct debit would cost £1,720, down from the current level of £1,849.
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1 month ago | 
bbc.com | Nick Edser
New buy now, pay later rules aim to protect shoppersNick EdserBusiness reporter, BBC NewsGetty ImagesThe government has announced new rules aiming to protect shoppers using buy now, pay later services, saying it wants to end the "wild west" of unregulated borrowing. Under the plans, lenders will have to carry out affordability checks to stop people taking on too much debt and shoppers will have faster access to refunds.
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1 month ago | 
ca.finance.yahoo.com | Nick Edser
The UK's largest gas storage facility could be closed if the government does not help support a redevelopment of the site, the boss of the company which owns it has told the BBC. Centrica chief executive Chris O'Shea told BBC One's Sunday with Laura Kuenssberg programme that its Rough storage facility would be "shut down" without government help over energy pricing.
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1 month ago | 
sg.news.yahoo.com | Nick Edser
UK economy grew more than expected in first three months of yearThe UK's economy grew by more than expected in the first three months of the year, according to the latest official figures. The economy expanded by 0.7% in the January-to-March period, which was stronger than the 0.6% that analysts had forecast. The Office for National Statistics (ONS) said growth was largely driven by the UK services sector, although production also "grew significantly".
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2 months ago | 
bbc.com | Nick Edser
M&S online disruption a 'bruise' to reputation, analyst saysNick EdserBusiness reporter, BBC NewsGetty ImagesMarks & Spencer has suffered a "bruise" to its reputation after it was forced to stop taking online orders following a cyber attack, an analyst has said. The retail giant has paused orders on its website and apps since Friday as it attempts to restore operations.
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2 months ago | 
bbc.com | Nick Edser
Global growth forecast slashed by IMF over tariff impactNick EdserBusiness reporter, BBC NewsGetty ImagesThe US growth forecast for this year has been given the biggest downgrade among advanced economies by the International Monetary Fund (IMF) as a result of uncertainty caused by trade tariffs. Growth is now expected to be 1.8% this year, down from the IMF's estimate of 2.7% for the US in January.
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Feb 9, 2025 | 
bbc.com | Nick Edser
M&S boss says retailers 'raided like a piggy bank'Nick EdserBusiness reporter, BBC NewsReutersUK retailers are being "raided like a piggy bank", the boss of Marks & Spencer has said, as the sector faces rising taxes. Writing in the Sunday Times, Stuart Machin said retailers were facing a series of headwinds, including the increase in National Insurance Contributions (NICs) paid by firms and higher packaging levies.
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Feb 5, 2025 | 
principia-scientific.com | Nick Edser |Michael Race
The pharmaceutical giant announced its decision just two days after Chancellor Rachel Reeves set out Labour’s plan to go “further and faster” to boost economic growth. AstraZeneca said that after “protracted” talks, a number of factors influenced the move, including “the timing and reduction of the final offer compared to the previous government’s proposal”. The Treasury said a change to the “make-up of the investment” that had originally been proposed led to the government grant being reduced.
