Shares rise a further 4% after Thursday’s 16% jump following bumper results Energy price cap to fall to £1690 from April in Great Britain in boost to households Over here in the UK, consumer confidence faltered in February, as people fretted about the outlook for the economy, which was in recession at the end of last year. The closely followed monthly GfK consumer confidence survey, which has been running since January 1974, came out overnight. After an improvement in December and January, the February index dipped unexpectedly from -19 to -21, worse than economists’ forecasts. This metric is key to understanding the financial mood of the nation because confident householders are more likely to spend despite the cost-of-living crisis. Continue reading...

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