The FTSE 100 index closed down 0.36 per cent or 25.92 points to 7,248.89 this afternoon.

Four more energy suppliers have gone bust meaning 19 have folded since August under the strain of soaring wholesale gas and electricity prices.

The collapses mean around 23,700 households and businesses will switch suppliers, energy watchdog Ofgem said.

Challenger bank Starling still plans to float on the stock market – but could be tempted away from London.

The digital lender, which counts Goldman Sachs and Qatar’s sovereign wealth fund among its biggest investors, was valued at more than £1billion earlier this year.

Tesla shares slammed into reverse yesterday after Elon Musk said it had not signed a contract with Hertz.

The electric car maker’s shares soared last week after Hertz announced a massive deal to buy 100,000 Tesla vehicles. It was Tesla’s biggest-ever order and the company’s value rose above $1trillion. 

 > If you are using our app or a third-party site click here to read Business Live

Omni Energy, MA Energy, Zebra Power and Ampoweruk all said they will cease trading

Omni Energy, MA Energy, Zebra Power and Ampoweruk all said they will cease trading

Omni Energy, MA Energy, Zebra Power and Ampoweruk all said they will cease trading

This post first appeared on Dailymail.co.uk

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

‘Another one bites the dust’ cry shoppers as ‘UK’s biggest outdoor store’ to close branch forever TODAY

ONE of the UK’s biggest outdoor stores is closing a store today…

How one in eight claims for damage is submitted in March – so how bad are YOUR local roads?

Motorists are being warned to prepare for ‘peak pothole season’ with one…

Full list of Empire cinemas closing – check if your local is going

EMPIRE Cinemas has announced that it will be closing multiple sites after…

Warning for 100,000 parents missing out on up to £570 a year free supermarket vouchers due to hidden rules

THOUSANDS of households are missing out on up to £570 a year…