Centrica Signs 10-Year Deal for US Natural Gas With Devon Energy
Centrica Energy, its trading arm, will receive 50,000 million British thermal units per day of natural gas from 2028, or the equivalent of five liquefied natural gas cargoes per year, according to a statement on Friday. The volumes will be indexed to TTF, the European benchmark price.
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Yahoo
27 minutes ago
- Yahoo
Storm Season Prevention: Tips for Protecting Elevators in Inclement Weather
Schindler Elevator Corporation Prepares Building Managers for 2025 Hurricane Season MORRISTOWN, N.J., Aug. 20, 2025 (GLOBE NEWSWIRE) -- American residents of the Atlantic shorelines are no stranger to hurricanes during the months of June to November. Regardless of familiarity, storms can turn severe in a matter of moments and cause harm to people and buildings alike. Schindler Elevator Corporation, a leading provider of elevators, escalators, and moving walks, provides tips for building managers to protect their elevators in the case of severe weather. Before hurricanes or heavy rain arrive, there are several preventative measures building managers can take to safeguard their equipment, including: Inspecting the elevator machine room's ventilation openings, windows, and doors for possible rain leakage. Installing a Liquid Intrusion Detection system (LID) that will intelligently move the elevator to a pre-determined floor to protect both the elevator and the counterweight from being immersed in liquid and potentially suffering irreparable damage. Installing metal splash guards around ventilation openings to prevent leakage from reaching electrical panels. Adding weather stripping around any machine room doors open to the outdoors to prevent flooding. Leveraging a closed-loop maintenance technology like Schindler Ahead to monitor equipment 24/7 for failures or damage. Ensuring that the designated security area has an updated diagram showing the location of the building's elevators, car numbers, and the elevator car phone number, along with the elevator company's emergency phone number in an accessible place. As the storm approaches, building managers should consider taking the following actions: Confirming all vents and other openings where water could seep in are closed and secured. Ensuring each car is moved to the center of the building, or to the top floor for two-story buildings. Elevators exposed to the outdoors should always be positioned at the floor below the top. Once all cars are appropriately placed, ensure the doors are closed. "While many building managers located in the path of hurricanes are familiar with the threats severe storms pose to their buildings, vertical transportation can often be overlooked," explained Jakub Glowacki, Schindler's VP of Repair and Spare Parts. "Annually reviewing these tips – especially ahead of hurricane season – can help building managers protect their elevators from costly flooding damage and avoid post-storm disturbances." To learn more, facility and building managers can review Schindler's storm season protection sheet at About Schindler Elevator Corporation Founded in Switzerland in 1874, the Schindler Group is a leading global provider of elevators, escalators and related services. Schindler's mobility solutions move more than 2 billion people every day all over the world. Behind the company's success are over 70,000 employees in more than 100 countries. Schindler is committed to reaching net-zero emissions by 2040 through a 90% absolute reduction of its greenhouse gas emissions in scopes 1, 2, and 3 from a 2020 baseline as its long-term science-based emission reduction target, while working to neutralize its residual emissions. For more information, please contact: Kim LaCava, PR & Communications Manager 973-207-1773 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27 minutes ago
- Yahoo
Average UK house price rises to £269,000 in June
The average price of property in the UK rose to £269,000, which marked a 3.7% increase on an annual basis, according to data released on Wednesday. This represented a £9,000 rise over the year, according to the latest UK House Price index, which is calculated by the Office for National Statistics (ONS) and the Land & Property Services Northern Ireland. The average UK property price was up 1.4% on a monthly basis, compared to a 0.4% increase between May and June last year. Regionally, the North East saw the biggest increase in average house prices on an annual basis, rising 7.8% over the 12 months to June to £163,679. The typical price of a home in London rose by 0.8% to £561,309 in the year to June, which was up 0.6% compared to May. Jonathan Hopper, CEO of Garrington Property Finders, said: "After slowing sharply following the end of the stamp duty sugar rush, house price inflation is back with a bang. 'Eye-catching though it is, the jump in the national rate of inflation – up by a full percentage point between May and June – should be taken with a healthy pinch of salt. 'The dizzying pace of growth seen in parts of northern England is a world away from the modest 0.8% rise recorded in London. "Prices in the North East are rising nearly 10 times faster than those in the capital, and inflation is brisk in Scotland and Northern Ireland too." Hopper added: "With so many homes to choose from, the dynamic between sellers and buyers is beginning to look less like a tug-of-war and more like a cautious handshake. Affordability is still a hurdle in the south, but where prices have adjusted, buyers are engaging and deals are being struck. "This shift is telling us something important about buyer priorities. Families and upsizers are re-entering the market, while demand for flats remains subdued. It reflects not only changing housing needs. but also the impact of borrowing costs on entry-level buyers and investors." Data released by property website Rightmove (RMV.L) on Monday showed that the average price of property coming to market for sale fell by a seasonal 1.3%, or £4,969, to £368,740 in August. Rightmove said that the average new seller price asking price for a home fell by more than £10,000 over the past three months, as sellers have sought to price more competitively to attract more buyers. Meanwhile, separate ONS data published on Wednesday showed that monthly private rents increased by 5.9% to £1,343 in the year to July, though this was down from annual growth of 6.7% in the 12 months to June. Read more: UK inflation rises to 18-month high in July, driven by higher air fares Nathan Emerson, CEO of professional body Propertymark, said: "With the UK government and the Scottish government edging towards the final stages of legislating the Renters' Rights Bill and the Housing (Scotland) Bill respectively, the rental market is about to undergo fundamental changes aimed at strengthening consumer protection. "We currently stand at a point where, on average, across the UK there are typically six people making an application for every rental property available. This represents an extremely unhealthy situation where long-term investment is urgently needed to keep pace with growing demand across nearly all regions." Read more: How unspent pension pots could rack up inheritance tax bills Elon Musk may be banking on his UK energy plan to boost Tesla's fortunes Best credit cards for air milesError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27 minutes ago
- Yahoo
Jaguar exec on the controversial 'Copy Nothing' rebrand, its EV future, and Trump
For a brand that's seemed off the radar in recent times, its been an interesting past year for Jaguar's Tata Motors ( There was the rebrand late last year that critics labeled "woke" and a startingly unexpected concept — the Type OO — that car fans found polarizing at the very least. Even President Trump weighed in on Jaguar following the resignation of its CEO last month, calling the rebrand a "total disaster." Jaguar managing director Rawdon Glover has a lot on his plate, but he is optimistic that the 90-year-old British marque is on the right path. He spoke to Yahoo Finance at the Quail event during Monterey Car Week about that rebrand, why Type OO's design is an evolution, and why competing in the "brutal" premium luxury space needs a rethink. The following interview has been condensed for clarity and length. Talking about the Type 00 concept, what does it mean for the brand in particular? The new tagline is "Copy nothing," right? Is that what we're talking about? "Copy nothing" probably needs a little bit of unpacking. So the founder of Jaguar, Sir William Lyons, he used this term, and he said, "When Jaguar is at its very best, it is a copy of nothing." And what he means by that is, it shouldn't look like anything else on the road. When everybody else goes in one direction, Jaguar should have the confidence and the strength and its own convictions to do something completely different. So what we're showing with Type 00 is a very clear signpost as to what you can expect for the future. You've made some interesting design points about the vehicle. Being an EV, for example, means it could have had a small front because there's no motor, but you didn't do that. Why? Because we don't think that's what people want in a $130,000 vehicle. What recent history and EVs has shown us is, very quickly, EVs have become commoditized. They tend to be cab-forward with small wheels. They tend to ride higher. What it means is the sector becomes actually quite homogenous and very commoditized. If we're going to go into that segment and say, "You're going to buy a $130,000 Jaguar," you've got want one. When you get inside the car, it's going to feel incredible. And when you drive it, because it's a Jaguar, it's got to be an involving, engaging car to drive. If Sir William Lyons were alive today, I'd like to think that's exactly the type of car that he would be designing and engineering. When the "Copy Nothing" campaign launched back in November, some car enthusiasts complained about the video ahead of the concept's release, calling it "woke." Were you surprised by some of the backlash? Yeah, I think what's important to say is the tease campaign, which is probably what you're referring to, was never intended to be either a cultural or political statement, full stop. It was about creativity and individuality. You know, [critics] harness that for probably other purposes, but that's never the intention. But if you then step back from that and say, "Okay, well, what has it done?" It's given us a platform. [The video's] job, in between unveiling the brand and unveiling Type 00 in Miami, was to get as many eyeballs as possible on the Miami launch. That was its only job. President Trump also weighed in on the rebrand recently after Jaguar's CEO stepped down a couple of weeks back. Were you surprised by that? We literally just put it on our platform to say something really interesting is happening. So I am a bit surprised that we're still talking about it. But you know, and I just reiterate, it was not about cultural statement. It was not a political statement. It's about creativity and individuality. Speaking of other somewhat controversial matters, Jaguar's all-electric pivot. That's part of the future the brand — has that changed? It's a kind of all hockey analogy — you've got to skate to where we think the puck is going, not where the puck is today. I think there are other elements of it too. I think we have to make sure the technology is game-changing. So 700 kilometers, 400 miles of range. That will remove a lot of the very rational barriers, plus super-quick charging. But you know also, what we're finding is, at those price points [around $130,000], it's unlikely [to be a Jaguar buyer's] only current asset. So the type of people that are here [at] the Quail, the type of people that buy that car will have three, four, five [cars], and it's about what car is best for that particular journey they're doing at the time. So we come back to the earlier point, which is, what do we need to do? We need to make the most desirable car that we can. And how can we do that? Well, by having incredible proportions and looking like nothing else. What do you say to people who say a radical design coupled with going all-electric alienates your core clientele? We're the custodians of the brand, right? And a lot of people, they feel a huge amount of passion for Jaguar. I've certainly learned that in the last 12 months, and you'd much rather have that than actually have nobody care. But if you look at what's happening in terms of the technology landscape, what's happening with competition, what's happening in terms of the commercial performance of [our existing] vehicles, you come to the point: what is required? When the E-Type landed in 1961 in Geneva, it didn't look like anything that came before it, and didn't look like anything else on the road. The spiritual successor, the XJS, again, didn't look like the E-Type. It looked like nothing else on the road. And I think at our high points in the Jaguar history, that's what we've done. You mentioned before that you're currently operating in the premium luxury space, that's super competitive. Is this one way to stand out? Yeah. If I look at what's happened in the last 20 years, really difficult. We call it the premium, but it's a brutally competitive space, dominated by players that are much bigger than us, at much greater purchasing economies of scale, and much greater manufacturing economies of scale. In any strategy, you start with, where do we want to play, and where do we think we can win? And if I look at, for example, our Range Rover business model, which, again, is not dissimilar from this, if you have a really compelling product proposition and desirable brand, we can operate really successfully at those elevated price points. Pras Subramanian is the lead auto reporter for Yahoo Finance. You can follow him on X and on Instagram. 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