Friday newspaper round-up: Energy bills, listing rules, aircraft deliveries

23rd Aug 2024 07:23

(Sharecast News) - Households will begin the run-up to winter with a sharp increase in their energy bills after the industry regulator increased its cap on energy prices by 9.5% from October. Under the new price cap, the average annual energy bill will rise to £1,717 a year for gas and electricity, up £149 from its current level of £1,568, which has been in place since July. The price cap is set every quarter by Ofgem, the energy regulator for Great Britain, and imposes a maximum on how much suppliers can charge their 29 million household customers per unit of gas and electricity. - Guardian

Travellers are being told to expect widespread disruption this bank holiday as delays and congestion are predicted across key roads and rail routes, and airports are expecting more than 2 million people through their doors. On what is expected to be the busiest weekend for travel this year, the transport analytics company Inrix said the heaviest road traffic was likely on Friday between 10am and 6pm, and Saturday between 10am and 1pm. - Guardian

Junior lawyers are being offered bonuses of $50,000 (£38,000) for referring their friends for jobs amid a war for talent. US law firms Paul Weiss and Kirkland & Ellis are paying tens of thousands of pounds to London-based workers as part of the firm's global policies. The bonuses are on top of six-figure salaries paid to junior lawyers, which start at £180,000 at Paul Weiss and £164,000 at Kirkland & Ellis upon qualification. - Telegraph

Britain's wide-ranging overhaul of the listing rules has made it more attractive to join the London stock market, a senior executive at the first company to take advantage of the reforms has said. Andy Hunter, deputy managing director of CK Infrastructure, which is based in Hong Kong and has a market capitalisation of almost £14 billion, told The Times that the new rules were "very welcome" and had made it "more straightforward" for the company to have its shares traded in London. - The Times

Aircraft deliveries took off in July this year in a boost for Britain, with 120 passenger jets delivered by the manufacturers Boeing and Airbus despite wider difficulties in the supply chain. According to ADS Group, the trade association for the aerospace, defence, security and space sectors in Britain, this represents the best July for aircraft deliveries on record, as well as the best month in the year to date. - The Times