The boss of the UK’s largest gas supplier, Norway’s Equinor, has warned it will be difficult to further increase output after ramping up production last year...
BP has revealed it is to miss a key climate goal while announcing record annual profits. The London-based firm said its main measure, underlying replacement cost...
A decision on whether to introduce a so-called ‘Britcoin’ digital pound is to be made by 2025, the Treasury has announced, as a consultation paper has...
The bosses of Britain’s biggest housebuilders will hold talks with the chancellor this week as they face a multibillion-pound bill in the form of several new...
Administrators have selected a rival battery start-up based in Australia as preferred bidder for collapsed Britishvolt. EY confirmed on Monday morning that its team had chosen...
The German automotive giant BMW is in talks with the government about a £75m funding package that would secure production of electric Minis at its Oxfordshire...
One thing the energy industry agrees on in theory – if not, it turns out, in practice – is that forcing prepayment meters on vulnerable customers...
The Bank of England has hiked interest rates by 0.5 percentage points taking the base rate to 4%.
Business Secretary Grant Shapps has said he is “horrified” after claims British Gas sent debt collectors who broke into customers’ homes to install prepayment meters. It...
About 2.3 million households missed an essential payment in January – an increase of 400,000 on the month before, but similar to previous years. Essential payments...
Water bills in England and Wales will increase by the most in almost 20 years from April. The 7.5% hike will see the average customer pay...
Shell has announced annual profits of $39.9bn (£32.2bn), doubling from a year earlier and far exceeding the previous record of $31bn in 2008. The London-listed company...
The US central bank has slowed the pace of interest rate hikes further but indicated more rises are likely despite official figures suggesting price pressures have...
Britain’s second-biggest steel producer has been drawing up secret plans to axe hundreds of jobs even as it continues talks with ministers about £300m of taxpayer...
Shop prices have yet to reach their peak – despite record highs seen in January, it has been warned. Prices are now 8% higher than they...
The Treasury has revealed proposals to regulate cryptocurrency, following widespread calls for action after the spectacular collapse of one of the world’s largest trading exchanges. Promising...
High street stationery brand Paperchase has officially entered administration with no buyers interested in acquiring the company’s brick and mortar shops and physical assets. As a...
Tesco has announced a plan to shake-up management and close hot counters and delis which will impact approximately 2,100 jobs. The plan will introduce around 1,800...
The number of new mortgages approved has dropped for the fourth month in a row, to a low not seen since the early days of the...
Britain’s economic reputation has been dealt a further blow after the International Monetary Fund (IMF) forecast that this year the UK economy will fare worse than...