Smart Pension invests £330m into Octopus Energy fund as Mansion House Accord bears fruit July 29, 2025 Smart Pension has made a £330m investment into two funds managed by Octopus Energy in an early sign the Chancellor’s Mansion House Accord is beginning to bear fruit. The pensions firm, which has more than £7bn in assets under management, said the commitment will represent 5 per cent of the portfolio of its default fund, [...]
Donald Trump slams North Sea oil taxes that ‘make no sense’ July 29, 2025 US President Donald Trump has slammed the UK for its high taxes on North Sea oil, which he described as a “TREASURE CHEST” for the UK. In an early morning post on Truth Social, Trump said the UK could cash in its oil reserves near Scotland, where Trump opened a new 18-hole course at the [...]
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 [...]