Barclays’ fall in yearly profit caused shares to fall, resulting in the FTSE 100 edging lower. However, the index’s losses were partially offset by a drop in the pound, as
Scottish Power’s £100bn Plan for a 2-year energy bill freeze
The energy giant supplies electricity and gas to over five million customers. It warned that the rising energy prices would be ‘truly horrible.
EDF sues French government for €8.4bn
According to the nuclear giant, the price cap could be a huge cost for it over the next year.
UK Households Receive £280 Million Bill after Energy Suppliers Collapse
UK’s largest electricity distribution company said that a £280 million hit from energy companies going under will be passed on to customers.
‘Exxon Made More Money Than God’
After a report showing inflation at a record 40-year high, President Joe Biden accused Exxon Mobil Corp. and other oil companies of profiting from high gasoline prices.
France tax payers forced to pump almost £2bn into EDF after capping energy prices
The French state will purchase the majority of the shares being sold by the energy giant. It is trying to stabilize its fragile balance sheet.
A third of the UK’s remaining energy suppliers face imminent collapse
According to Price Bailey, an accountant, fourteen electricity and gas suppliers have been deemed maximum risks’ by their credit scores.