15 h. ago UK manufacturers hit by largest drop in orders since 2020; FTSE 100 hits record high – business live

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects aheadYesterday’s weaker-than-expected UK inflation report has sparked chat that the Bank of England could cut interest rates sooner than expected.Deutsche Bank say there is now an “interesting debate” on whether there may be enough ammunition for the Bank’s monetary policy committee to cut borrowing costs as soon as its next meeting in early November.What’s the case for November? Relative to the Bank’s projections, growth has surprised to the downside, private sector AWE growth has surprised to the downside, unemployment has risen in line with Bank expectations, and inflation now sits a healthy amount below the Bank’s projections. Indeed, one could make the argument that the ingredients for a November rate cut are there.So, why not November? We think three things will be important for the MPC to see before dialling down restrictive policy again. One, the MPC may want to see s...

Economics

16 h. ago UK manufacturers hit by largest drop in orders since 2020; FTSE 100 hits fresh record high – business live

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects aheadYesterday’s weaker-than-expected UK inflation report has sparked chat that the Bank of England could cut interest rates sooner than expected.Deutsche Bank say there is now an “interesting debate” on whether there may be enough ammunition for the Bank’s monetary policy committee to cut borrowing costs as soon as its next meeting in early November.What’s the case for November? Relative to the Bank’s projections, growth has surprised to the downside, private sector AWE growth has surprised to the downside, unemployment has risen in line with Bank expectations, and inflation now sits a healthy amount below the Bank’s projections. Indeed, one could make the argument that the ingredients for a November rate cut are there.So, why not November? We think three things will be important for the MPC to see before dialling down restrictive policy again. One, the MPC may want to see s...

Economics

18 h. ago Households to receive stronger protection against energy firms under new plans

The plans include slashing the waiting period from eight to four weeks before consumers can escalate their complaints to the energy ombudsman.

Economics

29 h. ago Households and businesses to receive stronger protection against energy firms

Plans to strengthen the ombudsman will help customers resolve disputes with their suppliers, the Department for Energy Security and Net Zero said.

Economics

43 h. ago Energy firms propose two more windfarm projects for Dumfries and Galloway

Developers are eyeing up sites at Dalmacallan near Moniaive and Collieston near Dunscore.

Politics

5 d. ago British Gas, EDF and OVO customers could get ‘£1,700’ energy help

Customers at a wide array of energy firms could get extra help

Economics

8 d. ago Electricity prices set to jump 20% within five years, energy firm warns

Bosses also blamed ‘complex regulations’ for the UK having higher wholesale energy prices than some other European countries.

Events

8 d. ago Russia's two largest energy firms hit by fresh British sanctions as ministers vow to take Putin's oil 'off the market'

Rosneft and Lukoil have both been freshly targeted as part of a package of 90 new sanctions aimed at further squeezing the Kremlin's revenue streams.

Politics

8 d. ago Warning North Sea poised to miss out on 23000 jobs as 110 firms demand windfall tax reforms

The North Sea could miss out on up to 23,000 jobs if windfall tax reforms are not brought forward, industry leaders have warned

Events

9 d. ago Dumfries and Galloway environmental project boosts numbers of UK's rarest amphibian

Numbers of natterjack toads are on the rise at the RSPB's reserve at Mersehead.

Politics

1 week ago Energy firms complete UK’s first ‘hydrogen blending’ trial to power grid

A 2% blend of low-carbon gas injected into gas grid to fuel Brigg power station in North Lincolnshire is a UK firstEnergy companies have injected green hydrogen into Britain’s gas grid and used the low-carbon gas to generate electricity, in a landmark development for the UK’s climate ambitions.For the first time in the UK, a 2% blend of green hydrogen was injected into the gas grid and blended with traditional gas to fuel the Brigg power station in North Lincolnshire which generated electricity for the power system. Continue reading...

Science

1 week ago Millions of UK households issued ‘prepare now’ warning by major energy firm

Temperatures are dipping as Britain heads into autumn

Events

1 week ago Extra OVO, EDF, Octopus and more energy support for pensioners and disabled in an emergency

Energy firms across the UK could provide extra help to some billpayers, especially in an emergency

Politics

1 week ago New DWP update for millions of people due £150 Warm Home Discount payment this winter

Nine energy firms are currently accepting applications for this winter with a further 19 set to open at the end of October.

Economics

2 w. ago Major energy firm to pay £2,000 to UK households as bills rise again

The Energy Support Fund is available for existing British Gas customers who are in energy debt or at risk of fuel poverty during the winter

Economics

3 w. ago Ovo flags ‘uncertainty’ over future after failing to meet Ofgem rules

The energy firm insists it is ‘working closely with Ofgem to deliver a capitalisation plan’ to meet the new financial resilience regulations.

Events

3 w. ago Energy firm to give out free electric blankets and home efficiency kits this winter

The energy firm is providing a £56 million support package for this winter, which includes free electric blankets, smart sockets, and home efficiency kits

Science

4 w. ago Business news live: Another pharma firm criticises UK, Spanish energy company to invest €20bn in Britain

Stock market news plus latest business and personal finance updates from Wednesday

Economics