Business secretary says he will let small suppliers go bust to protect consumers from higher pricesKwasi Kwarteng, the business secretary, will hold an emergency summit with gas industry chiefs on Monday morning in an effort to contain the fallout caus…
Majority of UK’s small energy suppliers could be left to collapse this winter
Government would rather protect households than prop up struggling companies, says industry sourceThe majority of the UK’s small energy suppliers could be left to collapse this winter, the Guardian understands, as the government’s crisis talks focus on…
Business minister bids to calm crisis fears as UK gas prices soar
No cause for alarm now, says Kwasi Kwarteng as energy discussions are likened to early Covid crisis talksThe government was scrambling on Saturday night to reassure Britons that rising gas prices would not plunge the country into an energy crisis, as m…
Open Mineral raises $33M Series C funding for its ‘eBay for commodities trading’ platform
Back in 2018 we covered how Open Mineral (OM), a startup aiming to leverage greater transparency in commodities trading, had raised $2.25 million. Well, they’ve come a long way, and now the Zug, Switzerland-based, company has raised a $33 million Series C funding round led by Mubadala Investment Company. Existing investors Xploration Capital and Emerald […]
Is deep-sea mining a cure for the climate crisis or a curse?
Trillions of metallic nodules on the sea floor could help stop global heating, but mining them may damage ocean ecologyIn a display cabinet in the recently opened Our Broken Planet exhibition in London’s Natural History Museum, curators have placed a s…
North Sea oil was battered by Covid, but now faces much deadlier waves
Since the pandemic hit, the world’s altered attitude to fossil fuels is throwing doubt over the industry’s futureThe UK’s North Sea oil industry may have survived one of the darkest market downturns in history during the Covid-19 pandemic, but the deep…
Lib Dems propose ban on new listings of fossil fuel companies on LSE
Exclusive: proposal part of party’s plan to give City of London a lead role in helping UK tackle climate crisisNew listings of fossil fuel companies would be immediately banned on the London Stock Exchange as part of a proposal by the Liberal Democrats…
UK property sales slide after stamp duty holiday scaled back – business live
Rolling coverage of the latest economic and financial newsLatest: UK house sales fell over 60% in July after busiest ever JuneHousebuyers rush to complete deals before stamp duty cut scaled backEarlier:Oil surged 5% on Monday on rising demand hopes and…
‘Taper tantrum’ by stock markets points to gaps in the easy recovery story | Nils Pratley
Cheap money, the Delta variant and China’s sluggish performance add up to tough times aheadFinancial markets these days react to any whiff of tighter monetary policy in the US, so a little drama on Thursday was par for the course after the US Federal R…
‘A perfect storm’: UK beet growers fear Brexit threatens their future
They produce half the country’s sugar needs, but expect new trade deals to make their tough situation worseIn a field in Norfolk, the sight of lush green leaves sprouting from the soil are giving farmer Ed Lankfer cause for optimism. “I think this is o…