Ofgem pressured to return £4bn energy windfall
Energy regulator Ofgem is under fire to redirect £4 billion in network company profits back to consumers as bills remain stubbornly high despite falling wholesale prices.
Energy regulator Ofgem is under fire to redirect £4 billion in network company profits back to consumers as bills remain stubbornly high despite falling wholesale prices.
Shocking revelations emerge as former Paddy Power chairman reveals how government officials allegedly exploited pandemic for financial gain while public faced lockdown restrictions.
Supermarket giant Tesco is permanently closing its deli counters across all UK stores, affecting hundreds of locations and changing how customers shop for fresh meat and cheese.
Exclusive behind-the-scenes look at The Block's most dramatic auction yet, featuring staggering profits and emotional moments that left contestants reeling.
NatWest CEO Paul Thwaite urges UK government to resist increasing banking taxes despite reporting a 27% profit surge, warning it could harm competitiveness and economic growth.
Tesla reports dramatic 48% profit decline amid production delays and fierce Chinese competition. Discover how Elon Musk's EV empire is navigating its toughest quarter yet.
Orkney Islands Council announces groundbreaking plan to reinvest all profits from new wind farm directly into local services, creating a sustainable funding model for the community.
Tesco launches unprecedented 25p sale across hundreds of essential products, offering major relief to shoppers during the cost of living crisis. Find out which items are included and how to get the best deals.
Donald Trump launches legal offensive against George Soros-backed non-profits, alleging political interference in US democratic processes ahead of elections.
Supermarket giant Tesco has launched a stunning meal deal that's causing a shopping frenzy across the UK, offering incredible value that's almost too good to be true.
The International Monetary Fund delivers a stark warning about Britain's overheating economy, where corporate profits soar while wages stagnate, creating dangerous economic imbalances.
Merlin Entertainments reports impressive profit surge driven by strong performance at Thorpe Park and Alton Towers, with visitor numbers exceeding expectations across their UK attractions.
Tesco shoppers have discovered an incredible money-saving trick that's transforming their weekly shop. Find out how you can join the savvy customers getting premium products for just 36p.
Exclusive analysis reveals how Lloyds Banking Group's patient investment strategy paid off spectacularly with their Ferrari stake, while Citigroup faces Hong Kong regulatory scrutiny in separate banking sector developments.
Regulator Ofwat proposes cutting water company profits by £70 per household, targeting underperforming firms like Southern Water and Thames Water in major industry shake-up.
Popular UK homeware retailer BM launches major price reduction event, cutting costs on household essentials and furniture to drive sales and improve financial performance amid challenging market conditions.
A high-flying City trader is suing his former employers after they allegedly withheld a seven-figure bonus following his team's extraordinary £6 billion profit-making performance during market turbulence.
Britain's automotive crown jewels Aston Martin and Jaguar Land Rover deliver stunning financial turnarounds with surging sales and profits, signalling strong global demand for luxury vehicles.
British technology powerhouse Dyson reports impressive profit growth to £1.4 billion despite revenue decline, showcasing remarkable resilience in turbulent global markets.
Celebrity chef Jamie Oliver and his wife Jools paid themselves £2.5 million despite their restaurant group seeing pre-tax profits fall by 75%. The financial revelations come as the hospitality sector faces ongoing challenges.
Britain's largest supermarket chain reports staggering profits while shoppers face ongoing cost-of-living pressures, sparking political debate about corporate responsibility.
Thames Water's creditors have agreed to a crucial £1.6bn financial restructuring plan as Britain's largest water company battles to avoid collapse, while Tesco reports strong profits and markets react to economic uncertainty.
An investigation reveals how AI-generated research papers and soaring profit margins are pushing academic publishing toward breaking point, threatening scientific integrity worldwide.
A groundbreaking report exposes how complex corporate structures are masking the real beneficiaries of Australia's lucrative fossil fuel industry, raising concerns about accountability and transparency.
David Beckham's business ventures continue to generate staggering profits as his company DB Ventures reports £73.4 million income, marking his most successful financial year to date.
Centrica CEO Chris O'Shea faces scrutiny as British Gas profits surge while millions struggle with soaring energy bills. Ofgem's price cap adjustments under fire.
Centrica, parent company of British Gas, announces record profits while millions struggle with soaring energy bills, sparking political controversy and calls for windfall taxes.
Explosive documents reveal Baroness Michelle Mone and her children secretly profited £29m from PPE Medro, the company she lobbied government to award massive pandemic contracts.
British tech giant Dyson faces a challenging year with profits nearly halving to £447m, as founder Sir James Dyson warns of 'difficult global conditions' impacting the premium appliance market.
JD Sports Fashion reports a sharp drop in annual profits and sales, blaming the cost-of-living crisis for dampening consumer demand for trainers and athleisure wear.