business
E.On to pay out £14.5m after billing errors, Ofgem rules Almost 100,000 E.On customers with pre-payment metres will receive an average of £144 each because of an billing error by the energy supplier, the regulator Ofgem has said. E.On failed to pay the credit in the accounts of mostly vulnerable customers who had ended their … Read more
Dewa tenders motorised butterfly valves contract | MEED Dewa plans to increase its water desalination capacity from 495MIGD to 735MIGD by 2030 Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive … Read more
UK inflation rises to 2.3 per cent in October – the sharpest increase in two years The rate of Consumer Prices Index inflation increased to 2.3 per cent in October from 1.7 per cent in September, the Office for National Statistics said. It is the sharpest month-on-month increase in the rate of inflation for two … Read more
Cable TV networks MSNBC and CNBC to be spun off by Comcast US media giant Comcast is set to spin off its NBCUniversal cable television arm, as the industry continues to struggle with the emergence of streaming giants like Netflix and Amazon Prime. The BBC understands that the plan – set to be announced on … Read more
Japanese and local team to sign Doha West contract | MEED Register for MEED’s 14-day trial access A joint venture of Japan’s IHI Corporation and Kuwait’s Heavy Engineering Industries & Shipbuilding Company (Heisco) has received a letter of award for a contract to upgrade key equipment at the 2,400MW Doha West power generation plant. The state’s … Read more
Drivers urged to ‘contact your lender’ to claim thousands of compensation after scandal – what you need to know A landmark legal case earlier this month revealed how millions more drivers could be owed compensation in a car finance mis-selling scandal. Lenders are now set to be given more time to look at complaints after … Read more
Mulberry cuts jobs in Somerset in ‘rebuild’ after sales plunge PA The fashion brand said it is completing an internal review, with the aim of creating a “leaner” operation The boss of luxury retail company Mulberry says he needs to “rebuild the business”, after sales dropped by almost a fifth in the past six months. … Read more
Harbin to build Remah 2 and Nairiyah 2 power plants | MEED Consortium offered $cents 4.5613/kWh for Remah 2 and $cents 4.4960/kWh for Nairiyah 2 Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old … Read more
Inheritance tax warning: Pension savers risk being ‘caught in the net’ of Reeves’s tax reforms Savers are becoming increasingly concerned about the inheritance tax (IHT) raid on pensions, according to new research from Standard Life. Three in ten UK savers believe recent Autumn Budget changes will reduce the amount they can leave to loved ones … Read more
What are cold weather payments and who can get them? Each cold weather payment is paid for a seven-day period and is worth £25. More than one payment will be made during the course of the winter if there are enough periods of cold weather. The scheme runs between 1 November and 31 March each … Read more