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He must have been high on drugs to think Putin would have forgiven him 😳

“Yevgeny Prigozhin has been killed in a private jet crash in the Tver region north of Moscow, Russian agencies have reported.

The Wagner mercenary boss was on board the aircraft when it crashed killing all 10 passengers, authorities have said.

According to Russia’s federal air transport agency: “An investigation of the Embraer plane crash that happened in the Tver Region this evening was initiated.

“According to the passenger list, first and last name of Yevgeny Prigozhin was included in this list.”

“A North Sea developer has warned it is being forced to cancel projects and reduce production because of the “severe impact” of the Government’s windfall tax.

Ithaca Energy, which is behind the controversial Cambo oil field, has told investors it is writing $74m (£58m) off the value of assets as a “direct impact” of the Energy Profits Levy.

Production is expected to fall next year by at least 6pc as a result of the lower investment, it said.

It came as the company said the return of lower gas prices had squeezed profits.

Gilad Myerson, Ithaca’s executive chairman, said: “The Energy Profits Levy continues to have a direct impact on investment in the UK North Sea and Ithaca Energy’s own investment programme across its diverse high-quality operated and non-operated asset base.

“We continue to constructively engage with the UK government to highlight the impact of the current fiscal regime to the industry’s outlook and to the UK government’s stated energy security and net zero ambitions.”

On Wednesday, Ithaca said its statutory net profit had tumbled from $1.6bn to $160m in the six months to June 30.“

Wait till Labour get in.

Regarding Truss, she wanted to cut corporation tax to help UK businesses, amongst other growth-focussed policies..

Interest rates will peak at 5.5pc, economists have predicted, as data showed the UK’s private sector suffered its weakest month in more than two years in August.

Markets have been sent into turmoil after data showed the UK’s manufacturing and services sectors suffered their worst month of output since the first winter Covid lockdown in 2021.

Two and 10-year gilt yields were more than 10 basis points lower on the day and the pound dropped as much as 0.9pc against the dollar after the latest S&P Global/CIPS flash UK purchasing managers’ index delivered a reading of 47.9, indicating the first contraction in output since January.

Just last week, 10-year gilt yields had hit their highest levels since 2008 just above 4.7pc.

Paul Dales, chief UK economist at Capital Economics, said the data and market turmoil will not stop the Bank of England from raising interest rates from 5.25pc to 5.5pc in September, “but it will encourage it that higher rates are working”.

He said: “Overall, the dual signs of weaker activity and easing price pressures give us a bit more confidence in our view that interest rates will peak around 5.5pc rather than the 6pc priced into the markets before this release.”

Chris Williamson, chief business economist at S&P Global, said: “While a further hike in interest rates in September looks to be on the cards, the August PMI data will add to speculation that rates could soon peak.”

Rhys Herbert, senior economist at Lloyds Bank, said there are “increasing concerns about output growth, which the Bank of England will need to consider carefully in its next decision for interest rates”.

I hope he does Darth. I am more of a fan of Liz Truss and her growth policies. But I won’t be voting Tory at the next election you’ll be glad to hear. I’ll be leaning further right to the Reform Party 😉

Im not a Hunt fan Darth 😉 He’s a Remoaner who should never have got that job.

😂 You’ve made me chuckle

I know what you’re getting at randommix. In previous years the SP has risen after the buyback has finished. I think that it is mere coincidence or to do with the timing of the buyback. The summer months normally see markets falling only to rise going into the winter when the buyback has been completed.

Yes quite probably Darth. Hardly news is it ? Even Jeremy Hunt has suggested it is necessary to quell inflation.

Challenge for you today Darth - post a positive news piece about something for a change 😉

How do they suppress the share price for the buyback exactly out of curiosity? The average buyback price is actually above the current share price so I’m not sure I would buy into that conspiracy 😳

Why would the SP start to rise because the buyback is complete ? Doesn’t make sense.

“ Looks like you are the only one getting riled up here.”

😂 Mirror time for you.

Just bought a load more to take my average down to 71 1/2p. Fingers crossed we are around its lows now 😳

Bought back into these in the 40s last year and have watched them oscillate in a fairly tight range since then. Good news on the dividend front and hope it will facilitate a higher rating going forward 🤞

They know who they are 88….. Negative, socialist/SNP Remoaners who love talking the country down and who will still complain as the benefits of Brexit start to amass. Amuses me that they get so riled about things 😂

Governor Bailey is a pr*t I’m afraid who has spectacularly failed thus far. Why would we doubt his ability to get things right this time. Inflation was transitory wasn’t it ? 🤔🤣🤣

😂

If a special dividend is paid, the shares will drop by the dividend amount on the ex date. A pointless exercise really.

Wasn’t my article Gunsup, just pasted from the Telegraph. I would be sure as eggs are eggs that the Tories will cuts taxes before the election.

Agree on savings. Sold all my corporate and strategic bonds and get a risk free 5.7% on the overnight money markets instead.

Government borrowing came in below official forecasts in the first four months of the fiscal year, providing potential room for Chancellor Jeremy Hunt to cut taxes.

The budget deficit between April and July was £56.6bn, the Office for National Statistics (ONS) said.

The figure was £11.3bn less than the Office for Budget Responsibility forecast in March.

The deficit in July alone was £4.3bn, below the £5bn forecast by economists.

Total debt reached £2.58trn, which is 98.5pc of GDP. The ONS also revised figures from earlier months, showing the total size of the Treasury’s debt never exceeded the size of the economy, a threshold that it previously said was crossed.