“The reality is most of the companies, if not all of them that have sadly failed, have done so because they were selling long-term energy contracts but buying short-term energy, and so when the wholesale cost rose, they weren’t able to deliver on the prices they promised or even on the price cap,” said Mr Jackson.
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AI will not be mass destroyer of jobs – Bank chief
admin, , Business, 0
A Department for Science, Innovation and Technology spokesperson said: “We do not accept this – the UK is a...
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HS2: ‘Crazy’ not to review project over soaring costs – Shapps
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The bosses of dozens of businesses and business groups – including Manchester Airports Group, British Land, Virgin Money, and...
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Starmer says Tesla investment welcome after Musk row
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Tesla, run by Elon Musk, would be welcome to invest in the UK, the prime minister has said. Sir...
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Trump maintains a Chinese bank account, says NYT
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US President Donald Trump has admitted he has a Chinese bank account, according to a report by the New...
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Coronavirus: Seafarers stuck at sea ‘a humanitarian crisis’
admin, , Business, 0
Large firms including shipping titan AP Moller-Maersk, oil firms BP and Shell, consumer giant Unilever and mining groups Rio...
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Bank boss says UK interest rate cut ‘on the way’
admin, , Business, 0
He said it was “reasonable” that financial markets were pricing in two or three rate cuts this year, but...
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Covid firm ‘sorry’ for negative test results error
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But a BioGrad spokeswoman added: “While we have apologised for our part in this issue, the certification issued by...
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Ukraine conflict: Russian rouble plunges after new sanctions announced
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“Unless the Russian central bank and Russia’s largest banks – which have already been cut off from correspondent banking...
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