Toyota warns of 20% profit drop and doubling raw material costs ; US to announce inflation rate – business live

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National Grid has agreed to pay back £200m of revenues gleaned from subsea electricity cables early in an effort to cut painful household bills, reports Alex Lawson.

Under an agreement with watchdog Ofgem, the energy network operator must pay back revenues made from European ‘interconnector’ cables over a five-year period above a cap.

Since the price of materials is rising, we need to work to reduce the amount of materials we use as much as possible and to replace them with less expensive materials.

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Source: theguardian
Toyota warns of 20% profit drop and doubling raw material costs ; US to announce inflation rate – business live