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....Washing machines typically contain one or more large concrete blocks, which can weigh more than 25kg (4st), in order to prevent them from moving during spin cycles. But the production and transportation of concrete creates carbon emissions and makes washing machines very heavy to transport, increasing fuel costs. ... [Read full article on Guardian ]
Friday 4th of August 2017 01:19:34 PM
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No more heavy loads: experts develop greener, lighter washing machine image
Source : Guardian [Read Article] Friday 4th of August 2017 01:19:34 PM
....Washing machines typically contain one or more large concrete blocks, which can weigh more than 25kg (4st), in order to prevent them from moving during spin cycles. But the production and transportation of concrete creates carbon emissions and makes washing machines very heavy to transport, increasing fuel costs. ...
Black cab turns green as all-new electric London taxi launches image
Source : Guardian [Read Article] Tuesday 11th of July 2017 11:50:20 AM
.... [But] you can’t rest on your laurels and say I’m ringfenced,” he said, adding that the company had not done a good enough job in the past of explaining why its cabs were functionally better. LEVC said the private hire vehicle finance for the model would be higher than previous versions but this would be offset by lower running costs, including a claimed £100 less on weekly fuel costs. ...
UK to fund research into letting electric cars return power to grid image
....StrategicFit, an energy consultancy, thinks a single electric car could earn its owner £1,000-£2,000 a year for helping the grid, depending on where it were located and how often it were plugged in. Jesse Norman, a transport minister, said: “Electric vehicles are already helping thousands of motorists cut their fuel costs, and now there is an extra financial incentive for motorists to go green. ...
School buses boost FirstGroup profits image
Source : BBC [Read Article] Thursday 1st of June 2017 09:41:43 AM
....Aberdeen-based FirstGroup said its American arm benefited from the weak pound. But the pound's impact on fuel costs left it nursing a £19. ...
US airlines face heat in Washington after passenger clashes image
Source : BBC [Read Article] Tuesday 2nd of May 2017 03:40:16 PM
.... . But some members, including Republicans, raised the need for stricter oversight, citing industry consolidation, cumbersome fees and falling fuel costs they said had not been transferred to passengers in the form of lower fares. ...
Food and fuel inflation 'hitting UK supply chain' image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:00:38 AM
....The pound has fallen by about 16% against the dollar since the Brexit vote last June, pushing up the cost of imported goods. According to the research, industrial transportation and logistics businesses experienced the largest increase in significant financial distress in the first quarter of 2017 - up 46% year-on-year - largely due to rising fuel costs. ...
Brexit economy: UK faces squeeze on living standards image
Source : Guardian [Read Article] Friday 24th of March 2017 10:30:30 AM
.... It is expected to rise further this year thanks to higher crude oil prices and because the weaker pound is making imports such as food ingredients and fuel more expensive. The latest official snapshot of living costs showed fuel cost 19% more this February than a year ago. ...
London-Paris electric flight 'in decade' image
Source : BBC [Read Article] Wednesday 22nd of March 2017 08:06:00 AM
....Wright Electric's goal, detailed in a presentation given to potential investors on Tuesday, is to make all short-haul flights electric-powered within the next 20 years, which would be about 30% of all flights made globally. The company said that as well as lower fuel costs for the airlines, the technology could have a major added benefit for the public. ...
Rising prices set to push inflation over 2% Bank of England target image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
. Rising food and fuel costs are expected to have pushed inflation to its highest level in more than three years when official figures are released on Tuesday, underscoring the impact of the Brexit-battered pound on prices in the shops. ...
UK climate targets 'will raise household energy bills by £100 in a decade' image
....Rebecca Williams, energy specialist at WWF, said: “This report shows that energy companies are wrong to blame the increase in energy bills solely on UK government policies. It is clear that the main driver here is rising fossil fuel costs. ...
Young drivers to bear the brunt as car insurance costs continue to rise image
....“They have less disposable income with which to weather these storms, so we are quite worried about the effect of young drivers trying to stay mobile,” says Simon McCulloch from Comparethemarket. “They have got a little bit less money relative to generations before them, they have got higher fuel costs, they have got more expensive insurance and it does feel like it is a little bit harder. ...
BA owner IAG's profits hit by weak pound image
Source : BBC [Read Article] Friday 24th of February 2017 07:53:02 AM
....IAG issued a profit warning after the Brexit referendum in June, and in October it warned that ticket prices might have to rise as a result of sterling's fall. Airlines normally buy their fuel in dollars, but a sharp drop in fuel costs has helped counter some of the adverse currency fluctuations. ...
Brexit economy: can consumers keep shoring up the UK? image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 10:41:44 AM
....8% inflation was the highest since mid-2014 and is expected to rise further this year thanks to higher crude oil prices and rising import costs. The latest official snapshot of living costs showed fuel cost 17% more this January than a year ago, the steepest price rise for more than five years. ...
What level does inflation have to reach to erode savings and pensions? image
Source : Daily Express [Read Article] Tuesday 14th of February 2017 01:15:00 PM
.... . Rising fuel costs and food prices - which remained unchanged between December and January - boosted inflation, the Office for National Statistics said. ...
UK inflation warnings intensify as service sector costs rise image
Source : Guardian [Read Article] Friday 3rd of February 2017 01:43:13 PM
....“Supply chain managers reported that cost burdens were weighing down more heavily and impacting on their business for the seventh time in eight months,” said David Noble, group chief executive officer at the Chartered Institute of Procurement and Supply, which co-publishes the report. “The triple whammy of rising fuel costs, salaries and higher import prices were keenly felt, and these rising costs may have also had an effect on the number of new jobs on offer, reflected in the rate of job creation which was at a five-month low. ...
UK firms brace for further Brexit price rises, surveys show image
Source : Guardian [Read Article] Monday 9th of January 2017 12:01:02 AM
.... Among those making “light side” products such as insulation and lighting, 71% had seen an increase. Rebecca Larkin, a CPA senior economist, said: “Rising costs of imported raw materials continue to be a primary driver of cost inflation, but there is now an indication that currency weakness is filtering through to higher energy and fuel costs too. ...
Is night time the right time to use your electrical appliances? image
Source : Guardian [Read Article] Saturday 7th of January 2017 06:59:12 AM
....If a fire breaks out during the night, whatever the cause, the risk to life is always greater. “We understand a balance needs to be struck between energy use, green issues and fuel costs, but in our view you can’t put a price on fire safety. ...
Christmas boost for easyJet as 5.6m people fly in December image
Source : Guardian [Read Article] Friday 6th of January 2017 09:59:50 AM
....6% on the previous year. Lower fares have helped, with easyJet cutting prices by about 6% in each of the past two years, passing on lower fuel costs in the wake of the oil price slump. ...
FTSE 100 edges higher but Capita leads the fallers image
Source : Guardian [Read Article] Wednesday 21st of December 2016 09:37:58 AM
....Carnival is also lower, down 53p at £40. 92 after the cruise ship operator said higher fuel costs and exchange rates would hit its results in 2017, although it did report better than expected fourth quarter figures. ...
Retail sales up ahead of 2017 slowdown image
Source : BBC [Read Article] Tuesday 20th of December 2016 12:23:26 PM
....9% in November compared with the same month last year as shoppers took advantage of Black Friday discounts. But higher fuel costs meant the rise was not as strong as in October, when annual retail sales growth hit a 14-year high of 7. ...
Retail sales rise on Black Friday discount boost image
Source : BBC [Read Article] Thursday 15th of December 2016 09:48:44 AM
....9% in November compared with the same month last year as shoppers took advantage of Black Friday discounts. But higher fuel costs meant the rise was not as strong as in October, when annual retail sales growth hit a 14-year high of 7. ...
Dieselgate: EC begins legal action against UK and other EU nations image
Source : Guardian [Read Article] Thursday 8th of December 2016 12:24:18 PM
....”. A European shift towards less polluting vehicles could save consumers between €4,400 and €9,400 (£3,700 and £8,000) in lifetime fuel costs by 2025, according to a recent report (pdf) by the European consumer group BEUC. ...
UK service sector activity smashes forecasts image
Source : Guardian [Read Article] Monday 5th of December 2016 11:16:21 AM
.... Sterling’s sharp fall since the EU referendum in June has made UK goods and services cheaper in overseas markets. The flipside of the weak pound for businesses is higher import costs, with services companies reporting pressures from higher food and fuel costs and pricier business travel. ...
World could face oil shortage by end of decade, says IEA image
Source : Guardian [Read Article] Wednesday 16th of November 2016 08:00:13 AM
....”. But it said low oil prices had accelerated the decline in fossil fuel subsidies, as governments had less need to spend taxpayers’ money to keep fuel costs down. ...
EasyJet profits fall due to weak pound and discount fares image
Source : Guardian [Read Article] Tuesday 15th of November 2016 09:25:44 AM
....EasyJet suffered a sharp fall in annual profits – its first decline in six years – and expects a further drop this year after the budget airline was hit by the weak pound and was forced to cut prices. Currency movements cost the company £88m as the pound’s fall against the dollar increased fuel costs. ...
The business of hedging image
Source : BBC [Read Article] Friday 14th of October 2016 03:09:51 PM
Air France warns of 'concern about France as a destination' image
Source : BBC [Read Article] Wednesday 27th of July 2016 06:43:01 AM
....Air France also joined other European airlines in warning of the impact from the "high level" of geopolitical and economic uncertainties. However, operating profit rose 138% to €317m, partly due to lower fuel costs. ...
Be yourself image
Source : BBC [Read Article] Monday 20th of June 2016 11:47:27 PM
....Of course you could argue that the sexuality of those at the helm is not really anyone else's business but their own, but Mr Joyce believes being open about it allows him to be himself at work and demonstrates to others that it hasn't hindered his career. During his tenure, he has steered the airline through huge difficulties caused by tough competition and soaring fuel costs, including a 2011 union dispute over restructuring which led him to take the unprecedented step of grounding all flights. ...
Ryanair fares cut could prompt price war image
Source : Guardian [Read Article] Monday 23rd of May 2016 07:31:30 AM
....Holidaymakers could find themselves bagging a cheaper seat on the plane this summer after Ryanair announced it would cut air fares by an average 7%, raising the prospect of a further price war between airlines. The Irish no-frills carrier said it would drop fares to keep its planes full, with demand hit by economic uncertainty and terror attacks, as lower fuel costs cut the cost of flying. ...
EasyJet set for dividends payout lift-off despite falling into the red image
Source : Daily Express [Read Article] Wednesday 11th of May 2016 08:26:00 AM
.... . “Consumers have enjoyed lower fares, which have decreased by 6 per cent year-on-year, the second successive year of falling fares as lower fuel cost benefits are passed on. ...
City news: Restaurant Group, WPP, British Airways and AstraZeneca image
Source : Daily Express [Read Article] Saturday 30th of April 2016 12:01:00 AM
....IAG, which also operates Aer Lingus and Iberia, has also seen demand weaken from higher-paying premium customers. Lower fuel costs helped quarterly operating profit take off in the three months to March 31 to €155million (£121million) from £19. ...
A real profits recession may be on its way – but there's no need to panic image
.... In actuality, retailers have griped that they haven’t benefited from lower crude prices; some economists have hypothesized that a lack of wage growth ensures that consumers prefer to hang on to their savings. Moody’s Investors Service has calculated that even packaged foods, one of the industries most affected by fuel costs, has saved about 10%. ...
Business News: Bonmarché, Hornby, Carnival, Vodafone image
Source : Daily Express [Read Article] Thursday 31st of March 2016 12:01:00 AM
....--------------------------------------------------------------------------------------------------------------. CARNIVAL is on course for bumper annual profits as it attracts more cruise passengers at higher prices and benefits from lower fuel costs after a slump in oil prices. ...
Lufthansa profits soar despite strikes image
Source : BBC [Read Article] Thursday 17th of March 2016 09:51:57 AM
The end of £1 petrol? Drivers woe as prices at the pump rise ahead of the Budget image
. Tesco has started to raise prices at the pumps off the back of rising wholesale fuel costs after cutting prices to below £1 before Christmas. ...
Petrol prices fall yet AGAIN amid fears George Osborne will soon raise fuel duty image
....The AA has now written to the Chancellor urging him not to hit motorists. The group's president Edmund King said: "Not only do hard working families rely on low fuel costs for their day-to-day driving but industry is also dependent on motor fuel for deliveries and mobility of their workers. ...
Domino's Pizza delivers 18% profits rise image
Source : Guardian [Read Article] Thursday 3rd of March 2016 01:23:21 PM
....2m last year, when the firm celebrated its 30th anniversary. Domino’s said it benefited from the record low cheese price as well as lower wheat and fuel costs after the collapse in global oil and commodity prices. ...
Domino's Pizza boosted by mobile app image
Source : BBC [Read Article] Thursday 3rd of March 2016 08:30:21 AM
....Domino's Pizza has revealed what it describes as "excellent" results for last year, driven primarily by the growth in its digital sales. The company also says its franchisees were helped by a "record low cheese price, favourable wheat price and a fall in fuel costs". ...
Air France-KLM returns to profit image
Source : BBC [Read Article] Thursday 18th of February 2016 01:00:48 PM
. Air France-KLM returned to profit in 2015 for the first time in four years, helped by lower fuel costs and higher passenger numbers. ...
Arctic shipping passage 'still decades away' image
Source : Guardian [Read Article] Tuesday 9th of February 2016 09:30:46 AM
....It will be decades before big cargo ships link China and northern Europe by taking a shortcut through the Arctic Ocean, a report predicts. Climate change, retreating summer ice and the prospect of shorter journey times and 40% lower fuel costs has led Russia, European governments and some industries to expect a major ice-free shipping lane to open above Russia, allowing regular, year-long trade between the Atlantic and Pacific oceans within a few years. ...
George Osborne will not balance books by end of decade, warns think tank image
Source : Telegraph [Read Article] Wednesday 3rd of February 2016 05:00:20 AM
.... . However, NIESR expects falling fuel costs to provide a "significant" boost to household spending power this year, lifting growth by 0. ...
Business: BT, Boots, Rolls Royce, Ryanair image
Source : Daily Express [Read Article] Tuesday 2nd of February 2016 12:01:00 AM
.... Shares up 9¼p to 494¼p. Ryanair expects to cut fares by 6 per cent this quarter but lower fuel costs and a rise in passenger numbers will keep it on course to hit annual profit forecasts. ...
Ryanair predicts price falls as profits double image
Source : Guardian [Read Article] Monday 1st of February 2016 09:37:45 AM
. Ryanair expects to cut fares by 6% in the first three months of this year on the back of growing traffic and falling fuel costs. ...
'This firm will save €1bn in costs': The shares fund managers are backing in the oil slump  image
.... . Steve Davies, manager of the Jupiter UK Growth fund, has been buying Thomas Cook and International Airlines Group, because he thinks their profits will rise on the back of lower fuel costs. ...
City news: City watch dog, Marston’s record, Dixons Carphones and Easyjet  image
Source : Daily Express [Read Article] Tuesday 26th of January 2016 09:01:00 PM
....----------------------------------------------------------------------------------------------------. EASYJET said low fuel costs will keep it on course to meet annual profit forecasts despite falling demand for air travel following the Paris terror attacks and Russian airliner crash in Egypt. ...
Paris and Egypt terror attacks scared British travellers off flying, says EasyJet  image
Source : Daily Express [Read Article] Tuesday 26th of January 2016 04:56:00 PM
.... However, EasyJet today said bookings for the second quarter were bouncing back. And added lower fuel costs - amid tumbling oil prices - would provide savings allowing it to cut airfares and boost passenger numbers. ...
Final boarding call nears for Boeing's ageing 747s as orders dwindle away image
Source : Guardian [Read Article] Saturday 23rd of January 2016 08:00:07 AM
....More than 1,500 747s have been sold over four and a half decades and the plane was once known as the queen of the skies by pilots and spotters. But its popularity among airline accountants has plunged in the last 10 years as higher fuel costs and narrower profit margins made it economically unviable on many routes. ...
Finally Tesco and Asda cut diesel prices to 6-year low but it’s not enough, blast critics image
....The reductions come as oil dipped to new lows this week, to sit at around 30 per cent below prices in early December. Diving oil prices have pushed down wholesales fuel costs. ...
Davos: There’s a real risk of talking ourselves into a downturn image
Source : Telegraph [Read Article] Wednesday 20th of January 2016 09:20:59 PM
.... Theoretically a drop in crude oil prices should be good news for 90pc of the economy. Take Ryanair or easyJet, which could take advantage of the rapid fall to hedge out fuel costs for a number of years. ...
H&B accused of squeezing suppliers image
Source : BBC [Read Article] Monday 18th of January 2016 05:58:38 PM
....In its letter, the company said that it increased turnover thanks to a range of new initiatives and internal investment but that suppliers were not contributing proportionately to the growth of the business: . "Indeed, during a period when there has been little or no inflation, a general fall in food prices and fuel costs at their lowest for more than a decade, we have seen our margin eroded substantially by increased product costs," it said. ...
Oil prices under $30 on Iran worries image
Source : BBC [Read Article] Friday 15th of January 2016 11:28:07 AM
.... Transport operators and airlines should also be benefitting from cheaper fuel. The lower fuel costs have also helped to keep inflation close to zero in many countries. ...
Fuel surcharge, what fuel surcharge? image
Source : BBC [Read Article] Friday 15th of January 2016 12:00:10 AM
....And, more important, the regulators were not going to let the airlines hoodwink their passengers. In 2012 the US Department of Transportation had ruled: "When a cost component is described as a fuel surcharge … that amount must actually reflect a reasonable estimate of the per-passenger fuel costs incurred by the carrier". ...
Oil trading volatile on oversupply fears image
Source : BBC [Read Article] Tuesday 12th of January 2016 09:59:44 PM
.... Transport operators and airlines should also be benefitting from cheaper fuel. The lower fuel costs have also helped to keep inflation close to zero in many countries. ...
BP to axe 1 in 5 North Sea jobs as oil giant cuts 4,000 staff worldwide image
Source : Guardian [Read Article] Tuesday 12th of January 2016 06:01:57 PM
.... However, she refused to say that the sector was in crisis, noting that BP and Oil & Gas UK, the industry body, had both stressed North Sea oil had a bright future and were planning continued investment. However, Sturgeon conceded that while lower oil prices helped consumers and the wider economy through cheaper fuel costs, the job losses and cuts in oil industry spending were having a direct, negative impact on economic output. ...
Oil prices plummet again as Saudis vow to maintain output image
Source : Guardian [Read Article] Wednesday 30th of December 2015 07:18:15 PM
....5% while Shell’s value fell 1%, dragging down the wider a FTSE 100 index. The fall in wholesale oil prices has been partly passed on to motorists in the way of lower fuel costs. ...
Recession, retrenchment, revolution? Impact of low crude prices on oil powers image
Source : Guardian [Read Article] Wednesday 30th of December 2015 06:00:07 AM
Beat Scrooge at his own game - Tips to help lower your energy bills this Christmas image
Source : Daily Express [Read Article] Tuesday 22nd of December 2015 04:18:00 PM
....If driving to see friends this Christmas you also have to budget for petrol costs. The RAC has condemned retailers for failing to pass on cuts in wholesale fuel costs, especially to the UK’s 11million diesel drivers. ...
How Britons splashed their cash in 2015 image
Source : Telegraph [Read Article] Monday 21st of December 2015 07:00:13 PM
. Consumer spending rose at the fastest pace in at least four years in 2015 as stronger pay growth and falling fuel costs encouraged Britons to splash out on holidays and going out. ...
The stations offering petrol for LESS than £1 litre image
Source : Daily Express [Read Article] Tuesday 15th of December 2015 04:36:00 PM
....76p a steep litre and BP, Total, Texaco and Esso all charging more than 106p. AA spokesman Luke Bosdet said: “The supermarket fuel price war has continued its ferocity beyond the weekend, leaving the nearest non-supermarket retailer trailing on average 5p-a-litre in their wake,” “In the past, supermarkets’ fuel cost savings would have been passed on as money-off-fuel vouchers based on how much customers spent instore. ...
Britain inches out of deflation in November image
Source : Telegraph [Read Article] Tuesday 15th of December 2015 10:01:16 AM
.... . While falling fuel costs continued to exert a drag on inflation, the Office for National Statistics (ONS) said the fall in petrol and diesel prices last month was smaller than a year ago, resulting in an uptick in the headline rate. ...
Petrol prices head to £1 a litre - but where is cheapest to buy now? image
Source : Telegraph [Read Article] Thursday 10th of December 2015 05:18:34 PM
.... The average price of diesel. The newly lowered prices are great news for motorists, however fuel costs fluctuate so it's worth being aware of the other ways you can make savings. ...
FTSE falls as Anglo leads miners lower, but Sainsbury and Tesco climb image
Source : Guardian [Read Article] Tuesday 8th of December 2015 09:43:07 AM
.... Moreover, sector share prices look well-underpinned by free cash flow metrics. The slump in oil prices after Friday’s disappointing and inconclusive Opec meeting has lifted airline shares, on the basis that they should face cheaper fuel costs. ...
Monarch has levelled out from a near fatal tailspin image
Source : Telegraph [Read Article] Monday 7th of December 2015 08:56:22 PM
.... But Monarch’s survival shows that there is a need for investment firms who have a higher risk appetite than most and are willing to bank-roll such projects. Rather than the loss of the remaining 3,000 jobs, Monarch is now forecasting further profit growth, helped by lower fuel costs. ...
Monarch returns to profit after near-collapse image
Source : Telegraph [Read Article] Monday 7th of December 2015 09:36:56 AM
.... . The drop in jet fuel costs has provided Monarch with a £30m lift. ...
Airlines braced for fallout from attacks  image
Source : Daily Express [Read Article] Monday 30th of November 2015 09:53:00 AM
....The holiday firm said so far the cancellation of holidays to Tunisia after the beach and hotel terrorist attacks in June, which killed 30 Britons, impacted its underlying earnings by about £22million. Last month IAG upgraded its annual profit guidance after growing passenger numbers and lower fuel costs led to strong third quarter results. ...
Chinese stock market slump rocks UK-listed trusts and miners image
Source : Telegraph [Read Article] Friday 27th of November 2015 10:47:54 AM
.... Royal Dutch Shell B shares and BP slipped by almost 1pc as a result. However, low-cost carrier easyJet was one of the main beneficiaries of the lower fuel costs - jumping 1. ...
Autum Statement: Will George Osborne cut fuel duty? image
Source : Telegraph [Read Article] Wednesday 25th of November 2015 12:32:49 PM
.... . A tax hike could be used to plug the gap in falling oil revenues from the North Sea, but, on the other hand, the Treasury's own research has recognised a link between lower fuel costs and economic growth. ...
George Osborne set to raise petrol prices in the Autumn Statement, fear experts image
Source : Daily Express [Read Article] Tuesday 24th of November 2015 01:17:00 PM
.... Mr Osborne promised to keep fuel duty on hold until 2015 and now the recent diesel emissions crisis could provide him with an excuse to slap an additional levy on to fuel, say experts. The recent drop in fuel costs, thanks to falling oil prices, could also makes fuel duty a soft target. ...

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