50 h. ago Ofgem issues update after UK energy firm collapses affecting thousands

The Basingstoke-based company is the second energy firm to collapse this year

Politics

7 d. ago UK energy firm Tomato Energy collapses with nearly 24,000 customers affected

Customers will be contacted by their new supplier, which will be allocated by Ofgem in the coming days

Economics

7 d. ago Thousands of energy customers told 'take a meter reading' as UK firm collapses

Ofgem has issued details about the firm's collapse

Economics

7 d. ago BREAKING: UK gas and electricity firm Tomato Energy collapses as industry watchdog steps in

Tomato Energy was banned from taking on new customers this year after racking up £3million in debt - and was serving 15,300 households and 8,400 businesses when it collapsed

Science

7 d. ago UK energy firm collapses as Ofgem steps in to support customers

The firm had been under serious pressure following an inspection by Ofgem

Economics

7 d. ago UK gas and electricity firm collapses as industry watchdog forced to step in for customers

UK gas and electricity firm Tomato Energy has collapsed in a major worry for household and business customers as industry regular Ofgem steps in to provide support

Economics

3 w. ago What is private credit, and should we be worried by the collapse of US firms?

First Brands and Tricolor failures raise concerns for wider financial sector, including traditional banksThe collapse of two US firms, First Brands and Tricolor, has shone a light on private credit and its growing influence in the global economy.The failures have led to ballooning losses at traditional banks, and, coupled with worries about the health of US regional banks, have raised concerns about weak lending standards and potential threats from an opaque corner of the so-called shadow banking sector. Continue reading...

Economics

4 w. ago JP Morgan boss says more ‘cockroaches’ will emerge after private credit sector failures

Jamie Dimon expects further weak links in ‘shadow banking’ sector to be revealed after collapse of two US firmsThe boss of JP Morgan, Jamie Dimon, has warned over further losses linked to the private credit sector, saying more “cockroaches” could emerge after the collapse of the sub-prime auto lender Tricolor and the car parts supplier First Brands.The bank said on Tuesday that although it had no exposure to First Brands, which sells car parts across the US, it had taken a $170m (£128m) hit from Tricolor, which collapsed amid fraud allegations last month. Continue reading...

Economics