Business

Rishi Sunak will head to Scotland on Monday as the Conservatives kick off a week of campaigning on energy security. Number 10 said the prime minister would use the trip to “highlight the central role” the country will play in “defending the UK against disrupted global energy supplies” and reaching the government’s net zero targets.
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Credit Suisse has been fined a record £87m by the Bank of England for “extremely serious” risk management failures. The bank, which was subject to a forced takeover by Swiss rival UBS earlier this year, fell “well below” regulatory standards in its dealings with private investment firm Archegos Capital Management, officials said. Credit Suisse lost
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The UK’s gas storage is “materially behind” Europe, the chief executive of British Gas owner Centrica has said. Chris O’Shea said there was a need to expand gas storage and his company was seeking to bring the UK’s largest gas facility to full capacity, but the efforts did not have government regulatory agreement. While the
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