“The reality is most of the companies, if not all of them that have sadly failed, have done so because they were selling long-term energy contracts but buying short-term energy, and so when the wholesale cost rose, they weren’t able to deliver on the prices they promised or even on the price cap,” said Mr Jackson.
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Could X go bankrupt under Elon Musk?
admin, , Business, 0
“I find that to be very hard to believe,” says Ellias. “If that happened, it’d be because Elon decided...
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Liberty Steel to sell Stocksbridge plant to pay off lender
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However, Liberty Steel insiders conceded that the launching of investigations into the relationship between Liberty and its now-defunct backer,...
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Spring Statement: Borrowing figures give Rishi Sunak ‘wiggle room’
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Sir Charlie Bean, who was responsible for economic forecasts at the government’s independent forecaster, the Office for Budget Responsibility...
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‘Shops refusing cash left me unable to buy basics’
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Caroline Abrahams, charity director at Age UK, said: “Many older people rely on cash and it’s really disappointing that...
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Retail sales rebound in January as Omicron eases
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“The solid rise in retail sales volumes in January adds to the signs that the Omicron-induced hit to activity...
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Cost-of-living payments branded insufficient as energy bills soar
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Those payments were set when the typical energy bill was anticipated to rise by £800 – a prediction Ofgem...
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Selfridges sold for £4bn to Thai-Austrian alliance
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“Together we will work with the world’s leading architects to sensitively reimagine the stores in each location, transforming these...
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Half-price train ticket sale as prices criticised
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Peter King, 52, was planning to use the sale to buy tickets from his local station, Hockley in Essex,...
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