BUSINESS LIVE: Ofgem reveals new energy plan; Anglo American faces poisoning claims; Defunct Woodford continues to rake in fees
Regulator Ofgem has laid out plans which could ease the expected surge in energy bills facing households in April when changes to the industry price cap are implemented.
Around 25 UK energy suppliers have collapsed since August as prices have soared, forcing millions of households and businesses to switch to new ‘suppliers of last resort’.
Anglo American faces a major legal battle over claims that one of its mines in Zambia poisoned 100,000 people including babies, pregnant women and children.
In the latest scandal to rock a top mining company, a class action lawsuit has been filed against the FTSE 100 group in South Africa.
Neil Woodford’s defunct investment firm raked in more than half a million pounds last year.
Woodford Investment Management pulled in £590,209 in the year to March 2021 despite having no funds left to manage following Woodford’s fall from grace in 2019. The money was generated from ‘consulting work’ that Woodford performed.
Anglo American boss Mark Cutifani has slammed the case as ‘opportunistic and completely misdirected’