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Energy price cap rises slightly as temperatures fall
Posted onKevin PeacheyCost of living correspondent Getty Images Energy bills are rising for millions of households in England, Scotland and Wales as the new year begins, after Ofgem raised its price cap slightly. Prices for those on variable tariffs are rising by 0.2% from now, the equivalent to a £3 annual increase for a household using…
Octopus Energy to spin off $8.65bn tech arm Kraken
Posted onArchie MitchellBusiness reporter Getty Images Octopus Energy is set to spin off its Kraken Technologies arm as a standalone company after a deal to sell a stake in the platform valued it at $8.65bn (£6.4bn). The energy giant, Britain’s biggest gas and electricity supplier, has sold a $1bn stake in the AI-based division to a…
The true cost of cyber hacking on businesses
Posted onTheo LeggettInternational Business Correspondent BBC The first day of September should have marked the beginning of one of the busiest periods of the year for Jaguar Land Rover. It was a Monday, and the release of new 75 series number plates was expected to produce a surge in demand from eager car buyers. At factories…
When is the Budget and what might be in it?
Posted onJennifer Clarke & Tom EspinerBBC News Reuters The Chancellor Rachel Reeves will set out plans for the economy when she delivers the Budget on 26 November. There have been warnings that she will have to put up taxes or cut spending if she wants to stick to her own rules on government borrowing. Before the…
Trump’s global tariffs ‘victory’ may come at a high price
Posted onBBC In April Donald Trump stunned the world by announcing sweeping new import tariffs – only to put most on hold amid the resulting global financial panic. Four months later, the US president is touting what he claims are a series of victories, having unveiled a handful of deals with trading partners and unilaterally imposed…
