Ovo Energy has agreed to pay more than £10m after the energy regulator for Great Britain, Ofgem, found a lack of monitoring of vulnerable customers with prepayment meters (PPMs) could have exposed them to a “clear risk of harm”. Ofgem found that Ovo did not adequately monitor its PPM customers, including those on the priority
Car tax rules can be confusing, but here’s everything you need to know about vehicle excise duty (VED) and the major changes coming. Car tax changes for 2026 have recently taken effect — but more are on the way which affect millions of drivers(Image: stefanamer via Getty Images) Keeping track of car tax (officially termed
Yasam Ayavefe has placed technology inside his wider venture portfolio as a practical business tool rather than a decorative trend. That distinction is important. The technology market is full of companies promising transformation, but the stronger question is always the same: what problem does the technology solve, and who does it serve? OXO Tech, the
The firm has acquired Executive Lifestyle Planning, financial planner Daniel Richards’ client book, Medical Investment & Financial Management, Peartree Wealth Management, Wealth and Tax and The IFA Partnership. Following the acquisitions, three financial planners and one client support employee have joined the team. Sevenoaks-based firm Executive Lifestyle Planning was run by Paul Streat, who is
Equity mutual funds continued their upward momentum in May 2026, with both mid-cap and small-cap categories delivering positive returns. However, mid-cap funds held a slight edge over their small-cap counterparts at the benchmark level, while small-cap funds produced some of the strongest individual fund performances during the month. According to FinAlpha’s monthly snapshot covering the
The independently owned wealth management business bought DWA Protector and Rogate Capital to expand its London presence. The double deal increased Bowmore’s total AUA to £650m. The growing business added that it was on track to organically add an additional £80m in AUM this financial year. Bowmore said the acquisitions would allow clients at both
Inspirent, based in Hamilton, North Lanarkshire, was incorporated in 1987 as Monklands Business Enterprise Trust, before several rebrandings over its 39-year lifespan. It has supported more than 20,000 SMEs in that time, but has now revealed it will be closing its doors. The not-for-profit broke the news that it was winding down just days after
President Recep Tayyip Erdoğan said on Wednesday that the Middle East conflict and its fallout have reinforced Türkiye’s strategic importance in global energy supply. Speaking at the inauguration ceremony for renewable energy projects completed in 2025, Erdoğan highlighted the country’s role as a regional energy hub and transit corridor. Over three months into the war
While the global natural catastrophe insurance protection gap is estimated to have risen to US $424 billion in 2025, new research from Swiss Re’s Institute suggests that insurance coverage is growing at a rate broadly in line with the increasing catastrophe exposure.Swiss Re said that both insurance and adaptation efforts are critical to narrowing the
The waiver does not cover energy subsidies to households and businesses that are impacted by rising fuel costs. It focuses on investments that EU countries have put in place since February, when the war started, to reduce their reliance on fossil fuels. These include investments in renewable sources of energy, such as solar panels or