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British Gas agrees £20m payout and compensation for prepayment meter failures
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India raises fuel prices as global energy crisis adds pressure on economy
New Delhi: India raised fuel prices by 3 rupees ($0.03) per liter Friday as the government moved to offset losses due to higher global oil prices.In New Delhi, gasoline prices rose to 97.77 rupees ($1.17) a liter, while diesel climbed to 90.67 rupees ($1.09) a liter.India imports about 90% of its oil and has been hit hard by rising energy prices and supply disruptions linked to the Iran war and the closure of the Strait of Hormuz. It had until now avoided raising retail fuel prices despite sharp...
British Gas to pay £20million compensation to thousands of customers after prepayment meter scandal
British Gas is set to pay a £20million settlement to thousands of customers impacted by the firm's prepayment scandal, Ofgem has confirmed.The nation's energy regulator has taken action the energy firm and demanded compensation is paid to customers who had a prepayment meter installed without permission.Ofgem's investigation looked into installation activity between February 2018 and February 2023.At the time customers claimed they had prepayment meters installed under warrant without adequate s...
India raises retail fuel prices for first time since Mideast war started
India’s state-run fuel retailers have raised petrol and diesel prices for the first time in four years by 3 Indian rupees ($0.03) per litre, or more than three per cent, according to dealers, to recoup some of the losses incurred due to higher global crude oil prices. India — the world’s third-biggest oil importer and consumer — is one of the last major economies to raise retail fuel prices following the disruption to shipping through the Strait of Hormuz by the war started by US-Israeli attacks...
British Gas pays £20m to settle probe into force-fitting of prepayment meters
British Gas pays £20m to settle probe into force-fitting of prepayment metersJust nowShareSaveAdd as preferred on GoogleGetty ImagesBritish Gas has agreed to pay £20m into a redress fund to settle an investigation by the regulator into the forced fitting of prepayment meters.Three years ago it emerged that debt agents working for British Gas had broken into the homes of vulnerable customers to fit prepayment energy meters.The regulator Ofgem said British Gas, which has apologised for the scandal...
Price prediction: Where are gold rates headed today & what should investors do?
Gold price prediction today: Gold prices are seeing a weak intra-day bias, says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities. He recommends a sell on rise strategy:
Trump-Xi Have Made 'Fantastic Trade Deals, Great For Both Countries'
President Donald Trump said he had made "fantastic trade deals" with China's Xi Jinping, as the pair met on Friday at final talks of a superpower summit that according to the US leader has also reaped a Chinese...
Hormuz crisis: India’s oil stock down 15% since US-Iran war - here’s what it means
Analysts believe that if supply disruptions persist for an extended period, refiners may eventually have to scale back refinery runs or reduce crude processing activity. They say this could partly explain Prime Minister Narendra Modi urging citizens to conserve fuel.
David Beckham is Britain’s first billionaire sportsman, according to rich list
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Rich List 2026: Wealthiest people in UK revealed as David Beckham becomes first billionaire sportsman
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Fears of ‘postal deserts’ as owner of former WH Smith stores puts counters under threat
Exclusive: Contract changes mean Post Office outlets inside TG Jones stores would be easier to close, with up to 60 possibly affectedThe owner of WH Smith’s former high street business is aiming to change contracts with the Post Office to make it easier to close outlets within its stores, increasing fears that communities will become “postal deserts”.TG Jones operates 180 post offices and it is understood that as many as 60 could be closed under a restructuring plan by Modella, the private equit...
King’s College and Cranfield hope to be stronger together in surprise merger
News will come as a shock to staff, especially at Cranfield, but the institutions’ bosses say intention is growthThe announcement that King’s College London is to absorb Cranfield University came as a surprise but not a shock to England’s higher education leaders, who have been braced for sudden announcements about job cuts and course closures.But for staff and students at both institutions the news will have come as a shock, particularly at Cranfield, the smaller, highly focused postgraduate te...
Manchester United co-owner Jim Ratcliffe’s estimated wealth falls by almost £2bn
Manchester United co-owner Sir Jim Ratcliffe remains one of the 10 wealthiest people in the United Kingdom, though his estimated wealth has dropped by almost £2billion.British newspaper the Sunday Times published its 2026 Rich List on Friday, which names the 350 richest people in the UK.Several others involved in sport, including active and retired sportspeople and team owners, have made the list. These include former England, United and Real Madrid midfielder David Beckham, who has become the f...
Britain's wealthiest individuals revealed: Pair of brothers top 2026 rich list while David Beckham becomes UK's first billionaire sportsman
Britain's wealthiest individuals revealed: Pair of brothers top 2026 rich list while David Beckham becomes UK's first billionaire sportsmanBy MARTIN ROBINSON, CHIEF REPORTER Published: 06:59, 15 May 2026 | Updated: 06:59, 15 May 2026 e-mail View comments
Nigel Farage's mysterious crypto billionaire backer catapulted into Top 10 of Sunday Times Rich List
The Reform UK has "found himself a really useful cash machine" in the form of a publicity-shy Thai-based British tycoon whose staggering wealth has been estimated at £18.2billion
Citi Says African Borrowers Are Turning Creative on Debt Sales
African governments are increasingly turning to unconventional borrowing strategies, as high global interest rates and volatile currencies keep many shut out of traditional dollar funding markets, according to Citigroup Inc.
"Time For Economic Patriotism": BJP As Congress Criticises Fuel Price Hike
In Delhi, petrol prices increased by Rs 3 to Rs 97.77 per litre and diesel to Rs 90.67. Petrol in Mumbai now costs Rs 106.68 a litre and diesel comes for Rs 93.14 per litre, while in Chennai, prices increased to Rs 103.67 for petrol and Rs 95.25 for
Oil Prices Pressure Bonds: Markets Snapshot
Back-to-back inflation reports out of the US along with heightened energy prices and mounting political uncertainty have seen investors flee global bond markets as benchmark interest rates to the highest levels in nearly a year. The Opening Trade spoke with leading market voices and economists for their analysis. (Source: Bloomberg)
Oil prices today: Crude rises over 1% as Trump warns Iran, Hormuz concerns persist
Global oil prices surged as President Trump expressed impatience with Iran, fueling fears of Strait of Hormuz disruptions. Brent and WTI crude saw significant weekly gains amid uncertainty over the Iran conflict and supply concerns. Despite claims of increased vessel crossings, the Strait remains a critical choke point, with maritime incidents further heightening market anxieties about tight supply.
Energy markets mostly higher in Friday trading, led by crude gains
Energy prices were broadly higher in afternoon trading Friday (May 15, 2026), with benchmark crude oil futures posting gains as traders tracked shifting supply signals across global markets.As of 2:01 pm Friday in Tokyo, WTI was up $1.24 at $102.41, a 1.23% increase. Brent crude rose $1.24 to $106.96, up 1.17%, while Murban crude gained $0.55 to $104.70, a 0.53% advance.Oil slides 2%+ as traders price in de-escalation, heavy crude differentials swingRefined products also moved higher. Gasoline f...