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The Latest Breaking News from Investec

Energy bills predicted to FALL further this year as price of gas tumbles

Finance firm Investec predicts the Ofgem price cap on energy bills could fall to £3,317 in April, then £2,478 in July and £2,546 in October - this would be lower than the Energy Price Guarantee

Daily Mirror

Energy bills forecast to fall more than expected in the summer

However, prices will still be considerably higher than they were a year ago

Wales Online

UK energy bills forecast to fall below £2,500 as gas prices tumble

Expected dip in July will ease pressure on households struggling to cope with soaring living costs

The Guardian - UK

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Energy experts look to next winter as gas crisis is set to continue in 2023

Experts are already concerned that all the same challenged could be repeated next winter, and perhaps get worse.

The Independent UK

The tunnel under Deansgate and Santa's grotto - memories of Kendals' golden days

The department store served Manchester for over 170 years and remains iconic for various reasons

Manchester Evening News

Treasury discussing raising energy price cap from April, say sources

Department considers making policy announcement in autumn statement rather than waiting until spring

The Guardian - UK

Melrose to split in two with spin-off of its GKN automotive business

Boss of FTSE 100 engineer tells the Standard it’s about getting the company’s ‘mojo back’

Evening Standard

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Now Britain is in the 100% debt-to-GDP club, what’s the spending plan?

Covid has pushed many states’ debts above annual income, but the UK has lower credibility than some with lenders

The Guardian - UK

Energy bills could double to £4,200 by January as households face cost of living crisis

Investment bank Investec now thinks the energy bills price cap - which is currently £1,971 a year - will jump to £3,523 in October, then leap to £4,210 in January.

Daily Mirror

Energy experts warn millions of households face £4,000 annual bills by start of next year

Ofgem is also warning people not to join the ‘Don't Pay’ group which is planned for October 1.

Daily Record

Investec acquires Edinburgh asset manager

Deal should see all 20 existing staff move to the larger group

Insider UK

Millions face £367 monthly energy bills as Ofgem boss issues price cap warning

Experts have issued a dire warning about the rise in energy prices with costs set to soar by around £1,300 to more than £3,200 a year from October

Daily Mirror

Bank of England hikes interest rates to 1%: What it means for your money

The bank's committee has voted in favour of a 0.25 percentage point increase, taking the base rate - which lenders use as a benchmark for interest rates - to a 13-year high of 1%

Daily Mirror

Cost of your mortgage and other borrowing set to increase today to 13-year high

Another increase is expected in August

Wales Online

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Wales Online

Bank of England set to hike interest rates to 13-year high

They are expected to rise from 0.75% to 1% today with another increase likely in August

Wales Online

Interest rates set to hit 13-year high amid cost of living crisis

The Bank of England is trying to get inflation under control

Birmingham Post

Software firm used by Barclays, Santander and Investec secures £2m investment

Portfolio companies of Praetura Ventures include Sorted, Peak AI and PixelMax

Manchester Evening News

House of Fraser to stay in Kendals for now as refurb plans wont start for at least another year

Exclusive: Investec, owner of the the iconic building on Deansgate, has come to a new lease arrangement with the retailer

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