Retailers saw an unexpected pick-up in sales last month, but the mood among companies was still its bleakest since the start of the pandemic, a survey has suggested. Higher prices pushed up the total value of sales compared with August 2021, while volumes were flat, according to a monthly survey by the CBI. The net […]
Breadcrumb Trail Links PMN Business Hungary issued a key permit for the Russian-led expansion of its sole nuclear power plant, bolstering the nation’s energy links with Moscow even as European Union peers seek to distance themselves over the invasion of Ukraine. Author of the article: Bloomberg News Veronika Gulyas Fuel rods sit inside the reactor […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Paul Sandle and Kate Holton Article content LONDON — British energy bills will jump 80% to an average of 3,549 pounds ($4,188) a year from October, regulator Ofgem said on Friday, calling it a “crisis” that needed to be tackled by urgent and decisive government […]
Article content LONDON — Oil prices rose as much as $1 on Friday as fresh U.S. data lowered recession fears, although an upcoming speech from the U.S. Federal Reserve chairman capped further gains. Brent crude futures climbed 73 cents, or 0.73%, to $100.07 a barrel by 0825 GMT, while U.S. West Texas Intermediate (WTI) crude […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Carolyn Cohn and Stella Qiu Article content LONDON/SYDNEY — World stocks were flat on Friday and the dollar edged up as traders and investors awaited a speech from Federal Reserve Chair Jerome Powell for clues on the gradient of the U.S. central bank’s rate-hike path. […]
Article content Lending to euro zone companies continued to surge in July, beating expectations for a slowdown due to rising recession fears and plans by lenders to tighten access to fresh credit, European Central Bank data showed. Lending to businesses in the 19-country euro area expanded by 7.7% in July after 6.9% a month earlier, […]
Bristol-based Anaphite, which is developing new technology to improve batteries for electric vehicles, has raised just under £1 million from Wealth Club clients under the Enterprise Investment Scheme (EIS). The funding was part of Anaphite’s latest £4.1 million funding institutional round, with Wealth Club taking 20% of the raise. Blue Wire Capital, OION, Zero Carbon […]