Tag: News

Sep 15

EU expects to raise €140bn from windfall tax on energy firms

The EU executive plans to raise about €140bn (£121bn) by imposing windfall taxes on energy companies’ “abnormally high profits” and redirecting proceeds to households and businesses struggling with soaring bills. Announcing long-awaited emergency measures to tackle the rising price of electricity, the EU official in charge of the green transition, Frans Timmermans, said the plans […]
Sep 14

Next abandons Joules takeover talks

Talks between Joules and Next over a £15 million equity investment in the struggling clothing and homeware retailer have ended, sending its shares down to fresh lows. The setback comes a fortnight after Joules insisted talks were proceeding positively despite reports that negotiations were faltering. Joules said yesterday it “continues to assess its ongoing financing […]