FTSE 100 Live: US stocks sink on open; Iran warns oil price could hit $200 Markets Good morning and welcome back to the CityAM liveblog. The chaos in global markets of last following the breakout of conflict in the Middle East is poised to continue as tensions in the Gulf showed no sign of slowing down over the weekend. The price of oil notched its highest gains in a single [...]
UK gas prices spike over 90 per cent amid US-Iran war Economics Gas prices in the UK have nearly doubled as the war between US and Iran ramped up since the weekend. The price of UK wholesale gas prices – which reflect the costs energy suppliers pay to producers for natural gas before selling to household and businesses – has rocketed by 93 per cent in just [...]
Regeneration of iconic east London Gasworks gets green light Property The redevelopment of Bromley-by-Bow gasworks, set to create more than 2,000 homes, has been given the go ahead by Newham council. Berkeley Group company St William, in collaboration with Historic England, will invest millions in turning the 23-acre brownfield site into a multi-use residential and public space. St William’s managing director, Dean Summers, called it [...]