His appointment comes after BP drastically reduced its spending on renewables last week, rolling back plans made during Mr Looney’s tenure.

The rise came after a summit in London where the UK and France announced a ‘coalition of the willing’ in an effort to secure peace in Ukraine.

People on less than £123 per week do not get sick pay under current rules, which are expected to be strengthened next year.

Cost increases from the Budget and concerns over a potential trade war hit manufacturers.

Experts said a perceived lack of action from US President Donald Trump on his pro-crypto promises has led to the slump in value.

Users totted up more than five billion views of properties on Rightmove’s property portal in 2024, the company said.

Deputy governor Dave Ramsden pointed to ‘increased uncertainty’ in the UK economy in a speech on Friday, amid higher-than-expected price rises.

Chief executive Charlie Nunn took home £5.6 million last year, boosted by long-term bonus payments tied to Lloyds’s shares.

Falling mortgage costs will help sales, the housebuilder said, while recent planning changes will help it get more houses approved.

The engine manufacturer’s boss said more military spending will ‘contribute to economic growth’ as its shares soared on a recovery in profit.

The insurance group estimated that the broader insurance industry loss from the wildfires would be about 40 billion US dollars.

The move follows pressure from some investors to boost profits at the firm, but has also angered environmental groups.

The fossil fuels giant said it would increase oil and gas investment by about 20% to £7.9 billion a year as part of a major strategy update.

The luxury car manufacturer said 170 people will be affected, after its losses widened in 2024 following a slump in wholesale volumes.

The oil giant was criticised by environmental groups amid forecasts that it will roll back pledges made five years ago in a bid to boost profit.

Investors have fled the largest cryptocurrency in recent days, amid fresh security concerns and a perceived lack of policy action from Donald Trump.

Bute Energy is developing the projects across Wales, which bosses hope will generate enough power for 2.25 million homes.

The travel agency pointed to a 10% rise in advance bookings for the crucial summer period, compared to the same time last year.

The medical technology giant has been in the midst of a turnaround effort, and recently faced calls from its top investors to break the company up.

Bills are forecast to rise because of an increase in the cost of gas across Europe, as Ofgem reveals the new energy price cap on Tuesday.