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BUSINESS LIVE: Under fire Shell hands $7bn to shareholders

UK households eye shift to sustainable energy

Half of Britain's households have said they expect to be more sustainable in the next year as a direct result of the energy crisis.

Some 47 per cent said cutting down the amount of energy they used at home was a priority, according to research by comparison website Energy Helpline.

Britons usurp Germans as Europe's biggest savers

Britain has overtaken Germany as the savings champion of Europe, new data has revealed.

Britons have been squirrelling away more money than any of their European counterparts since the pandemic began, according to analysis by savings platform Raisin.

GlaxoSmithKline delivers a shot in the arm for Emma Walmsley

Embattled GlaxoSmithKline boss Emma Walmsley scored a victory against her detractors as she upgraded its full-year guidance. 

The FTSE100 pharma giant is due to see earnings in 2021 fall by between 2 per cent and 4 per cent, less than the 'mid-to-high single digit decline' previously predicted. 

Budget boost for nuclear, but steel industry left fuming

Ministers have set aside £1.7billion to fund a new nuclear plant in the next few years. 

The Government has been in talks to build another large station on a par with Hinkley Point C for several years. 

Taxman will collect additional £1.6bn from North Sea as oil prices surge

The taxman will collect an additional £1.6billion from the North Sea over the next five years after oil prices surged. 

The Government is expected to make £8.5billion from the resource-rich region between 2021 and 2026, the Office for Budget Responsibility said in its latest outlook. 

House prices will rise by 13 per cent over next five years

House prices will rise by 13 per cent over the next five years following a bumper 2021, according to Budget forecasts.

The Office for Budget Responsibility (OBR) said property values were on course to rise by 8.6 per cent this year – significantly faster than previously expected. 

And prices are expected to rise every year to the end of its forecast in 2026. 

Chancellor Rishi Sunak toasted by investors after unveiling tax cuts

Teetotal Chancellor Rishi Sunak was toasted by investors after he unveiled tax cuts for pubs, restaurants and airlines in the Budget. 

Businesses were braced for further levies after huge rises in corporation tax and national insurance in Sunak's previous outings.

Car industry bemoans lack of support in Budget

The car industry bemoaned a lack of support in the Budget as the number of vehicles built in the UK fell for the third month in a row. 

A total of 67,169 cars left production lines last month, down by 41.5 per cent on the same time last year, and the worst figure for September since 1982, said the Society of Motor Manufacturers and Traders.

Local MPs up pressure on LV private equity deal

MP for Bournemouth East Tobias Ellwood said the deal comes against the backdrop of British companies being sold abroad at a 'rapid rate'. 

He told the Mail: 'While the purchase may be well intended, the longer-term consequences are a loss of local jobs and the movement of focus of the business away from its origins overseas. 

British banks could be most vulnerable to economic meltdown in China

UK lenders are the largest creditors to China with around £187billion of loans tied up in the country at the end of June – up by more than 20 per cent since the end of 2019. 

The numbers are likely to worry analysts and the Bank of England amid fears of a debt crisis in China. Concerns about the financial strength of property giant Evergrande, which is struggling under crippling debts of £220billion, have sent shockwaves through China's property sector.