UK seeks to restart CO2 production; inflation expectations jump; Entain shares surge on takeover approach – as it happened
Rolling coverage of the latest economic and financial news
- Latest: UK ministers near deal on CO2 production to ease food supply fears
- CNBC: DraftKings makes $20bn offer for Ladbrokes-owner Entain
- Sky News: government has reached agreement with CF Industries to restart CO2 production
- UK factory orders at record but output growth slows
- OECD lifts inflation forecasts amid commodity surge
- Introduction: Food industry warns government has 10 days before consumer see shortages
- Explainer: What caused the UK’s energy crisis?
Time to wrap up:
Ministers are very close to reaching a deal to restart carbon dioxide (CO2) production at factories on Teesside and in Cheshire, in an effort to ease fears of food shortages.
Related: UK ministers near deal on CO2 production to ease food supply fears
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The world’s energy watchdog has called on Russia to send more gas to Europe as the energy supply crunch bleeds across the continent, in a rare public rebuke of the Kremlin.
The International Energy Agency (IEA), which advises global governments on energy policy, called out the gas-rich country for refusing to increase exports even as fierce demand has driven market prices to successive record highs, appearing to support claims that Russia is withholding supplies.
“This is also an opportunity for Russia to underscore its credentials as a reliable supplier to the European market,”
Related: IEA calls on Russia to send more gas to Europe before winter
