Shell: FTSE 100 giant in line for profit hit after oil woes July 26, 2025 Shell is expected to report lower profits for recent months as the energy giant continues to battle oil price volatility and strives to return cash to its shareholders. The FTSE 100-listed company is predicted to report adjusted earnings of 3.74 billion US dollars (£2.78 billion) for the second quarter, when it publishes its latest figures [...]
Regulator probes Deloitte over Glencore accounts July 23, 2025 The accountancy regulator announced this morning that it has launched an investigation into Deloitte over audits related to the energy giant Glencore.
Sizewell C gets £38bn sign-off with support of Centrica and France July 22, 2025 Energy secretary Ed Miliband has signed off on a £38bn deal to build Sizewell C, with Canadian investment fund La Caisse, British Gas owner Centrica and French state companies lining up to back the nuclear power station. In a final decision signed off by Miliband, the government has agreed to be the largest equity shareholder [...]
Hercules PLC looks to strategic expansion after strong first half July 17, 2025 Hercules Site Services PLC, the innovative tech-enabled labour supplier for the UK infrastructure and construction sectors, has announced robust half-year results, trading in line with expectations. The second half is building momentum and will be underpinned by strategic acquisitions and a bold move into the power and energy sector. For the six months of FY2025, [...]
Powering the Future July 16, 2025 As the global energy paradigm shifts towards sustainability, Saudi Arabia is redefining its position from an oil powerhouse to a pioneering force in renewable energy. At the heart of this transformation is the Ministry of Energy, whose leadership is shaping policy, fostering innovation and thriving ecosystem, and catalysing foreign direct investment (FDI) across clean energy [...]
Ed Miliband rules out zonal energy pricing July 10, 2025 The UK government has ruled out the introduction of a zonal energy pricing system that would have seen regions closer to renewable energy sources likelier to see lower prices. Ed Miliband’s Department for Energy Security and Net Zero has opted to reform the existing system by reviewing the way transmission charges work and incentivising the [...]
Greenergy biodiesel plant do shut down in latest industrial strategy blow July 10, 2025 One of Britain’s biggest biodiesel plants is preparing to shut down in the latest blow to the government’s industrial strategy. The Greenergy plant in Lincolnshire, which is thought to produce as much as a quarter of the UK’s biodiesel, on Thursday confirmed it would begin consultation on a proposal to cease production. Greenergy said its [...]
Octopus’s Greg Jackson: We have been gaslit by vested interests July 7, 2025 Octopus Energy founder Greg Jackson has accused his opponents of “gaslighting” ahead of an imminent decision by ministers on whether to split up the UK’s power market. Prime Minister Sir Keir Starmer is expected to draw a line under the zonal pricing debate as early as this week after months of increasingly fierce lobbying from [...]
National Wealth Fund to put £28m into carbon capture project July 7, 2025 A government -backed fund is pledging more than £2 for a carbon capture project. Energy secretary Ed Miliband has said that workers in “Britain’s manufacturing heartlands” will benefit from the investment in the Peak Cluster works. Peak Cluster is working towards a pipeline that will take carbon emissions from cement and lime companies in the [...]
Shell forced to file amended US filings after EY broke audit rules July 2, 2025 Shell is to file amended regulatory filings after Big Four firm EY told the energy giant it broke audit rules