Economic news and events


‘Crazy’ to talk about shutting down domestic oil output - UK PM

The UK Prime Minister Boris Johnson has said it would be ‘crazy’ to shut down domestic oil and gas production in the face of rising...

Fri, 18/03/2022 - 19:18


TOP NEWS SUMMARY: IEA urges governments to take steps to cut oil usage

The following is a summary of top news stories Friday.

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COMPANIES

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JPMorgan Chase has received a debt payment from the Central Bank of...

Fri, 18/03/2022 - 10:48


LONDON BRIEFING: Wetherspoon says pub sales close to normal recently

JD Wetherspoon on Friday reported a narrowed interim loss, but the pub chain is yet to return to the business seen in pre-pandemic times.

Revenue...

Fri, 18/03/2022 - 08:08


TOP NEWS: Bank of England restores interest rates to pre-Covid level

The Bank of England on Thursday delivered its third consecutive interest rate rise in a bid to tame rampant inflation.

The Monetary Policy Committee voted...

Thu, 17/03/2022 - 12:19


TOP NEWS SUMMARY: Russia attack will cut global economic growth - OECD

The following is a summary of top news stories Thursday.

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COMPANIES

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Shares in Deliveroo rallied after the food delivery platform said that 2021...

Thu, 17/03/2022 - 10:37


LONDON BRIEFING: Deliveroo loss widens but pedalling toward breakeven

Food delivery firm Deliveroo on Thursday said 2021 was a year of strong growth and strategic progress, which it believes will lead to long-term profitability....

Thu, 17/03/2022 - 08:16


UK PM meets Saudi crown prince as Ukraine war roils oil prices

UK Prime Minister Boris Johnson met with oil-rich Saudi Arabia's de facto ruler Crown Prince Mohammed bin Salman to lobby for higher production on Wednesday...

Wed, 16/03/2022 - 20:53


TOP NEWS SUMMARY: IEA cuts oil demand forecast but sees supply ‘shock’

The following is a summary of top news stories Wednesday.

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COMPANIES

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The UK regulator on Wednesday threw a ‘surprising’ monkey wrench into the...

Wed, 16/03/2022 - 10:32


LONDON BRIEFING: UK CMA set to refer Avast takeover to in-depth probe

The UK regulator on Wednesday threw a ‘surprising’ monkey wrench into the acquisition of Avast by US cybersecurity peer NortonLifeLock, finding that the combination could...

Wed, 16/03/2022 - 08:23


Ofgem to cut price cap implementation period amid wholesale turmoil

UK energy watchdog Ofgem on Tuesday said it plans to shorten its price cap implementation period, in a bid to better weather volatile wholesale markets....

Tue, 15/03/2022 - 20:45


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