Water bills set to rise by a fifth as government calls for ‘complete reset’ of sector December 15, 2024 Water bills are set to rise by at least 21 per cent as the government slams a "failure of regulation and governance" within the sector.
Wind turbine maker cuts 600 jobs as demand shifts December 11, 2024 A total of 600 jobs have been put at risk of redundancy by wind turbine maker Vestas, it has been confirmed. The business said employees at its Newport plant on the Isle of Wight have been told at least half of its manufacturing operation will be cut amid changing demand for turbine blades. Vestas said [...]
TI Fluid Systems agrees to £1bn takeover as London exits accelerate November 29, 2024 ABC Technologies has reached an agreement to buy London-listed British manufacturer TI Fluid Systems for £1bn, following previous rejected proposals
Scottish wind lifts SSE’s profit as boss says he will step down November 13, 2024 London-listed energy giant SSE delivered a substantial increase in pretax profit as boss Alistair Phillips-Davies, said he would stand down next year after more than 11 years at the helm. In the six months to September, SSE’s adjusted pretax profit rose 26 per cent, climbing to £714.5m up from £565.2m in the same period last [...]
Victory for Shell after Dutch court overturns landmark emissions ruling November 12, 2024 The Hague Court of Appeal has overturned a landmark ruling that ordered the energy giant Shell to reduce its carbon emissions.
Orsted hikes guidance as boss hails Hornsea offshore wind farms November 5, 2024 The Danish state-backed energy group said operating profit had risen from DKK 19.4bn to 23.6bn compared with the prior year.
HMRC takes Royal Bank of Canada to the UK’s highest court over corporation tax November 4, 2024 The tax agency has taken the Canada's largest bank to the UK Supreme Court over corporation tax payments on a North Sea oil production
Shell’s profit drops on weaker refining margins October 31, 2024 Shell’s earnings fell slightly last quarter after profit margins declined at its refining business amid weaker global demand for oil. The oil and gas giant said adjusted earnings were $6.03bn (£4.65bn), down from $6.2bn during the same period last year. However, the figure comfortably beat a company-provided analyst consensus of $5.4bn (£4.1bn) and Shell confirmed [...]
Rolls-Royce sells stake in small nuclear reactor division October 29, 2024 Rolls-Royce has sold a minority stake in its small nuclear reactor division to Czech power company CEZ. The Derby-headquartered giant has handed a 20 per cent share in Rolls-Royce SMR in a deal worth hundreds of millions of pounds. CEZ plans to build the first small modular reactor at the existing Temelin nuclear plant in [...]
BP beats estimates despite lower oil prices October 29, 2024 FTSE 100 oil giant BP has reported strong-than-expected earnings for the third quarter. On Tuesday, it posted an underlying replacement cost profit, used as a proxy for net profit, of $2.3bn (£1.8bn) for the three months to 30 September. The figure beat analyst expectations of $2.1bn (£1.6bn), according to an LSEG-compiled consensus. However, the figure [...]