Corporate earnings forecasts are changing at record speed

Corporate earnings forecasts are changing at record speed

Adidas-Chef Kasper Rorsted, Mercedes-Benz, Fresenius, BASF, RWE Many German companies are currently correcting their forecasts – both upwards and downwards. – (Photo: Fresenius, BASF, dpa) – – – – Düsseldorf On Tuesday, the division of the German economy became apparent within a few minutes. First, wind turbine maker Siemens Gamesa scaled back its revenue and … Read more

Energy prices are not going down yet. The outlook for consumers continues to deteriorate

Energy prices are not going down yet.  The outlook for consumers continues to deteriorate

You are reading a sample from the Cash Only newsletter, in which Martin Jašminský, Zuzana Kubátová and Jiří Zatloukal comment on events in Czech business every Friday. If you are interested in Cash Only, subscribe newsletter. —— It’s summer, the solar power plants are running at full capacity and the windmills are spinning satisfactorily, yet … Read more

Sports clubs and the energy crisis – “Sport will become more expensive”

Sports clubs and the energy crisis – “Sport will become more expensive”

– –Many clubs are concerned that they will no longer be able to heat their halls in winter. (picture alliance / dpa / Uwe Anspach) After the corona crisis comes the energy crisis – which is difficult for sports clubs to absorb. Because many have not even overcome the effects of the corona pandemic. In … Read more

Saving for electricity can also be painless. Just check the circuit breaker

Saving for electricity can also be painless.  Just check the circuit breaker

You can also listen to the article in audio version. – The situation on the energy markets in Europe has changed fundamentally since last year, including in the Czech Republic. Energy prices have risen dramatically since the end of last year and everyone will pay extra for them. Some energy traders have already got into … Read more

CEZ makes gas and electricity more expensive by up to 80 percent. This is not the last, experts say

CEZ makes gas and electricity more expensive by up to 80 percent.  This is not the last, experts say

– Electricity prices continue to rise, this time with the largest Czech electricity distributor ČEZ. However, according to experts, over time it will affect all electricity suppliers. Moreover, this should not be the last wave of price increases. And gas will also rise in price. One of the largest energy suppliers in the Czech Republic, … Read more

Gas prices will remain high next year, Gazprom expects

Gas prices will remain high next year, Gazprom expects

Gas prices at the Dutch virtual trading hub TTF shot dramatically high at the turn of September and October, leading to a pan-European alarm. After that, the situation partially calmed down, a month ago the raw material cost around 65 euros per megawatt-hour. In the second half of November, however, it started to grow again … Read more

Vera was hit hard by the end of Bohemia Energy. It collapsed from new gas reserves

Vera was hit hard by the end of Bohemia Energy.  It collapsed from new gas reserves

– Although the ending Bohemia Energy claims that it was fair to its customers, its clients have a different opinion. Although they did not lose electricity and gas, they were shocked by the amount of advances from suppliers of last resort. Mrs. Věra also knows about this, and she came up with a plan for … Read more

Virgil Popescu explains why capping energy prices is not indicated: ‘Spain grants a subsidy, exactly what we do’ – News by sources

Virgil Popescu explains why capping energy prices is not indicated: ‘Spain grants a subsidy, exactly what we do’ – News by sources

Virgil Popescu (PNL), Minister of Energy, explained on Thursday, for B1 TV, why it is not possible and it is not indicated to cap the price of electricity. “The prime minister also explained that we can talk about capping the energy zone when all or most EU members cap prices, that we no longer have … Read more