The group of oil-producing nations, OPEC+, has agreed a deal that would extend a critical portion of its oil supply cuts well into 2025, as it looks stabilise the market …
June 2024
Eurostar won’t have a rival for at least four years – and Brexit is to blame
Eurostar will keep its monopoly on the Channel Tunnel for at least the next four years as Brexit red tape delays the launch of a rival service. Richard Branson’s Virgin …
Labour wants to cut migration but won’t give specific target, Yvette Cooper says
Labour has refused to set specific targets on how far it wants to reduce net migration to the UK should it win the general election. Speaking with BBC’s Sunday with …
Election 2024: Jeremy Hunt admits he may lose seat in ‘Blue Wall’ clash with Lib Dems
Jeremy Hunt has admitted he may lose his seat at the general election, telling his children that the prospect was “nothing to worry about – that’s democracy”. The Chancellor’s former …
Royal Mail bidder Daniel Kretinsky: We’ll deliver a turnaround or ‘go home’
The energy tycoon behind the £3.6bn takeover of Royal Mail’s parent company has pledged to turn the ailing postal service around or “go home”. Daniel Kretinsky, dubbed the Czech Sphinx, …
‘We are done’: Vodafone chief rules out more big deals after offloading Spanish and Italian arms
The chief executive of Vodafone has ruled out any more major deals as part of her strategy to simplify the sprawling telecoms giant and improve shareholder returns. Margherita Della Valle, …
Tourist tax puts us at a competitive disadvantage, says Gatwick boss
Britain’s tourist tax is putting Gatwick at a “competitive disadvantage” to rival European hubs, the airport’s chief executive has warned. Stewart Wingate told the Telegraph the tourism tax was holding …
European Central Bank set to cut interest rates despite inflation worries
The European Central Bank is all but certain to be the first major central bank to cut interest rates this week as it shrugs off a rise in inflation and …
British Gas: Centrica faces shareholder revolt over £8.2m CEO pay packet
The owner of British Gas is facing a potential shareholder revolt this week over its chief executive’s £8.2m pay packet. Centrica boss Chris O’Shea said in January there was “no …
Real Madrid hungry to add to 15th Champions League title, says Ancelotti
Real Madrid manager Carlo Ancelotti insists the Champions League winners are still not satisfied despite cementing their dominance in the competition with a 15th victory. The Spanish giants’ 2-0 defeat …