Technology costs and inflation could drive up price of wind power January 22, 2023 The price of wind power could rise in the coming years, warns Cornwall Insight, as technology comes more expensive
BP, Siemens and PepsiCo branded ‘hypocrites’ for donating to Ukraine while failing to fully exit Russia January 22, 2023 BP, Siemens and PepsiCo have all donated millions to Ukraine while at the same time failing to fully exit Russia, new research shows. The three multinationals have been branded “hypocrites” and sit alongside 13 other top firms that have both given aid to Ukraine while also retaining their links to the Russian Federation. The research [...]
UK government gives millions to China-backed semiconductor firm in Lincoln January 22, 2023 A microchip maker whose owner has alleged links to China's military has reportedly been handed £3m in government support.
National Grid triggers household energy saving plan as cold snap bites January 22, 2023 Households will be paid to cut their energy use as a precaution, with frosty weather straining the National Grid's energy network.
UK’s Supreme Court to decide whether £1.6bn Tuna Bonds case should be heard in London’s courts January 22, 2023 Britain’s top court will this week hear a long-running dispute between Mozambique and a Lebanese shipmaker over whether a case relating to the ‘Tuna Bonds’ should be heard in London’s courts. The UK’s Supreme Court will decide whether the dispute between shipping company Privinvest and the Republic of Mozambique over the $2bn (£1.6bn) scandal should [...]
Aviva is ‘very happy’ with UK’s post-Brexit Solvency II reforms, top exec says January 22, 2023 Aviva is “very happy” with the current state of the UK’s plans to overturn the EU rules that govern the amounts of capital insurers must hold on their balance sheets, one of the firm’s top execs told City A.M. Adam Winslow, the chief executive of Aviva’s UK & Ireland general insurance business, said Aviva is [...]
Grant Shapps cracks down on suppliers forcing households to use prepayment meters January 22, 2023 Grant Shapps has told energy suppliers they must stop forcing financially vulnerable households to switch to prepayment meters.
Asda owners explore £13bn merger with petrol business EG Group January 22, 2023 Asda’s owners are exploring merging the business with petrol forecourts business EG Group before EG’s 2025’s £7bn refinancing, The Times reported on Saturday. The two businesses are both jointly owned by Mohsin and Zuber Issa and private-equity company TDR Capital. The paper said the merger would create a business worth between £11bn and £13bn, with [...]
Copper prices set to surge this year as China reopens January 22, 2023 Copper prices could boom this year, with China loosening its stringent zero-Covid policies – boosting demand for the orange metal.
SSE hikes profit expectations powered by oil and gas prices January 20, 2023 SSE has raised its profits forecasts from 120p to 150p per share for the full-year, following soaring oil and gas prices.