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Science

Octopus Energy stops forced-fit prepayment meters and slams firms

Octopus Energy has committed to stop forcibly installing prepayment energy meters in people’s homes when they fall behind on their bills. Prepayment meters need to be topped up with credit on a pay-as-you-go basis and are typically a more expensive payment option. When households on other plans fall behind on payments or end up in […]

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UK

Rexel Buys Two Firms In North America, Strikes Deal To Sell

MT Newswires 2023 Analyst Recommendations on REXEL Sales 2022 18 482 M 20 063 M 16 204 M Net income 2022 853 M 926 M 748 M Net Debt 2022 2 574 M 2 794 M 2 257 M P/E ratio 2022 7,40x Yield 2022 4,60% Capitalization 6 196 M 6 726 M 5 432 M EV / Sales 2022 0,47x EV / Sales 2023 0,47x Nbr of Employees 26 294 Free-Float 77,4% Duration : Auto.2 months3 […]

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Science

UK facing exodus of firms after EU science snub

Despite Science Minister George Freeman laying out a plan he claims could propel the UK to “science superpower status” after it was booted out of an EU scheme, Express.co.uk has been told that Britain is facing an exodus of companies partly due to its exclusion from the project. According to research from Ayming UK, a […]

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Science

Five-point roadmap to stop energy firms forcing entry into homes

A five point plan that could stop energy companies from forcibly entering homes and installing prepayment meters when their customers fall into debt has been laid bare. Business Secretary Grant Shapps wrote to energy suppliers and industry regulator Ofgem on Sunday, laying out his proposal in an effort to crack down on the mistreatment of […]

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Travel

Travel firms gearing up for busiest booking weekend since

Beachcomber is offering a £466 discount on seven nights in Mauritius, staying at the Shandrani Beachcomber Resort & Spa. From £1,885pp all-inclusive, based on two sharing, for trips departing March 14 and booked by January 31, including return flights. Icelolly.com‘s Tenerife package includes flights and a week’s stay at the island’s Hard Rock Hotel, close […]

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Science

Three energy firms exposed as £400 energy vouchers sit unclaimed

Energy companies that need to be doing more to help some of the most vulnerable Britons during a crippling cost of living crisis have been exposed. With energy costs at staggeringly high levels due to Russia’s war in Ukraine, and supply cuts to Europe, providers are raking in profits while customers dig deep into their […]

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UK

Energy firms say ban of prepayment meters may be ‘recouped’ from

Business Secretary Grant Shapps had pledged to crack down on “trigger-happy” companies “mistreating” vulnerable customers. Mr Grant has said he would be ordering the UK’s largest gas and electric companies to stop the “harmful and anxiety-inducing practice” of forcing households onto prepayment meters without first taking “every step” to help them with their energy payments. […]

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US

Singapore firms expect business impact from metaverse, ESG

Metaverse and environmental, social, and governance (ESG) are amongst top five innovations businesses in Singapore believe will have an impact on their business over the next 12 months. These technologies will present opportunities and challenges, including difficulty in accessing relevant ESG data.  Some 82% of businesses said metaverse would have major or moderate impact on […]

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US

UAE VC firms launch joint fund for Web3 ecosystem worth $1

Venom Foundation and Iceberg Capital have teamed up to launch a new fund for the Web 3 ecosystem to stimulate innovation in the space. The fund, known as Venom Ventures Fund (VVF), will place a premium on firms building on the blockchain. A press statement from both entities confirms that the fund will invest in blockchain projects focusing […]

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Finance

Gas boiler ban fury firms forced to sell heat pumps Brits can’t

The government is desperate to cut carbon emissions from our homes, as it battles to hit its 2050 net zero target to combat climate change. Our properties are responsible around one-sixth of all emissions, as the vast majority use fossil fuel gas boilers for heating. Ministers have been drawing up plans to persuade Britons to […]