Apollo makes another takeover swoop for Wood Group March 7, 2023 Shares in energy and consulting firm Wood Group surged today after it revealed a £1.6bn takeover swoop from US buyout giant Apollo, its fourth bid for the firm. The London-listed engineering and energy consulting firm, which has rejected the three previous cash offers on the grounds they undervalued the firm, said it was set to [...]
Eon set for hiring spree to handle strain of energy crisis on customers March 7, 2023 Renewable supplier Eon Next has announced plans to hire more than 1,300 people to improve its services for customers.
‘Clock is ticking’ warns energy bodies in call for eased renewable levies and slashed planning rules March 6, 2023 Two leading energy bodies have urged the government to introduce investment relief for remove planning obstacles for new projects.
Shell boss: US ‘significantly’ more attractive for green energy investment than UK March 6, 2023 The US is more attractive than the UK for energy investment, warned the new boss of Shell, following the US Inflation Reduction Act.
How farmers with better data could help prevent future food shortages March 6, 2023 Farmers need access to better data to predict fertiliser prices to ensure the UK's food security, argues the NFU.
Electric dreams: Is the government really prepared to save car industry after Britishvolt chaos? March 6, 2023 The collapse and revival of Britishvolt raises questions over how the government can revive the car industry - if it wants to.
London Metal Exchange faces FCA ‘enforcement’ investigation after £3.3bn nickel crisis March 3, 2023 The FCA announced plans to begin an "enforcement" investigation into London Metal Exchange response to last year's nickel crisis.
From the digital pound, to homeworking via heat pumps: City A.M.’s five most-read stories of the week March 3, 2023 The most read story of the last seven days was the revelation that the digital pound would coming this decade. Details of the unpublished Treasury and BoE report were reported here and read by hundreds of thousands of readers Second most read was our energy editor’s piece on heat pumps, following British Gas owner’s decision [...]
IEA: Global energy-related CO2 emissions rose to record highs in 2022 March 2, 2023 Global energy-related emissions of carbon dioxide hit a record high last year, the International Energy Agency (IEA) revealed today.
Water firms ordered to strengthen supply plans by Ofwat or have their profits slashed March 2, 2023 Ofwat has demanded water companies toughen up their plans to secure reliable water services in the coming decades.