Octopus Energy, the UK’s largest electricity supplier, has announced plans to invest $2 billion in renewable energy projects across the United States by the end of the decade. The company has initiated its expansion by acquiring two solar farms from Vesper Energy, a US-based renewable energy developer, located in PennsylvaniaContinue Reading
A Labour government would help families save up to £300 off energy bills by 2030 and tackle the root causes of the cost-of-living crisis, shadow chancellor Rachel Reeves is set to say on Wednesday. Ms Reeves will accuse the Conservatives of being “staggeringly out of touch with the struggles facingContinue Reading
A billionaire who previously donated £500,000 to the Conservatives has said he will be voting for Labour, and encourages others to do the same. John Caudwell, founder of Phones4U, was one of the biggest donors to the Tories ahead of the 2019 general election, when he gave half a millionContinue Reading
The FTSE 100 ticked up on Tuesday after overtaking France’s top index as Europe’s biggest stock market earlier this week. The blue-chip index rose 49 points to 8,191 on Tuesday, a 0.6% rise, with Hargreaves Lansdown, SSE and Whitbread among the biggest risers. Tuesday’s gains came ahead of official figuresContinue Reading
Steel giant Tata says it has maintained normal operations on Tuesday despite the start of an overtime ban by some of its workers. Unite said 1,500 of its members based in Port Talbot and Llanwern in south Wales started industrial action, warning that strikes will be held if the companyContinue Reading
An earn out is a purchase price adjustment mechanism commonly used on the sale and purchase of a company where the buyer wishes to make a part of the purchase price contingent on the post-completion performance of the company during a period of between 1 and 3 years. This canContinue Reading
Inflation is expected to have fallen back to the 2% target for the first time in nearly three years in official figures on Wednesday that come just a day before the next rates decision and at a crucial time for the Conservatives ahead of the polls. Most analysts are forecastingContinue Reading
Equipment hire firm Ashtead has announced falling annual profits and warned of slowing rental sales over the year ahead, amid speculation it may look to switch its listing to the US. The FTSE 100 firm posted a 2% fall in underlying pre-tax profits to 2.23 billion US dollars (£1.76 billion)Continue Reading
One of the wettest springs on record has led to a significant increase in warm soup sales, while sales of sun cream have taken a hit, according to new figures. Research firm Kantar reported that the wet weather caused the slowest monthly growth in grocery sales in two years, asContinue Reading
Labour’s proposal to introduce a “genuine living wage” could lead to higher unemployment and increased mortgage costs, economists at HSBC have warned. Sir Keir Starmer’s party has pledged to bring in a ‘New Deal for Working People’ within its first 100 days if elected, which includes replacing the minimum wageContinue Reading
