Reuters UK Business

By Susanna Twidale LONDON (Reuters) – National Grid’s Electricity System Operator (ESO) is reviewing the way Britain’s power generators are paid to ensure the market remains balanced after several recent high-cost days, it said on Monday. British energy prices have reached record highs this year as global gas prices have soared, forcing multiple British energy …

Britain’s National Grid to review electricity balancing costs Read More »

PARIS (Reuters) – European space company ArianeGroup will develop a reusable mini-launcher to compete with the likes of Elon Musk’s SpaceX, French Finance Minister Bruno Le Maire said on Monday. The launcher “must be able to be operational in 2026”, Le Maire said during a trip to the ArianeGroup site at Vernon in Normandy, where …

France to mimic Musk with own SpaceX-style launcher, minister says Read More »

By Siyabonga Sishi PORT EDWARD, South Africa (Reuters) – South Africans took to their beaches on Sunday to protest against plans by Royal Dutch Shell to do seimsic oil exploration they say will threaten marine wildlife such as whales, dolphins, seals and penguins on a pristine coastal stretch. A South African court on Friday struck …

S.Africans protest against Shell oil exploration in pristine coastal area Read More »

By David Milliken and William Schomberg LONDON (Reuters) -Bank of England Deputy Governor Ben Broadbent said on Monday that inflation in Britain might “comfortably exceed” 5% in April and that the country’s tight labour market risked becoming a more persistent source of inflation. The BoE, which is trying to steer the economy through its recovery …

BoE’s Broadbent sees inflation above 5%, price pressure from jobs market Read More »

By Michael Nienaber BERLIN (Reuters) -Investor morale in the euro zone in December fell to its lowest level since April as renewed restrictions to contain a fourth wave of coronavirus infections clouded the growth outlook, a survey showed on Monday. Sentix’s index for the euro zone fell to 13.5 from 18.3 the previous month. Analysts …

Pandemic measures cast pall on euro zone investor morale Read More »

LONDON (Reuters) -The emergence of the new coronavirus Omicron variant is starting to impact shopper behaviour in Britain, researcher Springboard said on Monday. It said that in the week to Dec. 4 overall UK shopper numbers, or footfall, rose 0.7% versus the previous week and was up 0.5% in central London. However, Springboard noted its …

UK shopper numbers show first signs of Omicron impact -Springboard Read More »

MOSCOW (Reuters) – The Belarusian Foreign Ministry on Monday said Minsk would retaliate to sanctions on its aviation industry with similar measures against air carriers from the European Union and the United Kingdom. The EU sanctioned Belarusian state-run airline Belavia last week, accusing it of flying in migrants as a tactic to destabilise European states, …

Minsk to target EU, UK air carriers after sanctions on Belarusian air industry Read More »