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Energy

  • Engineering group Weir sees bright future for mining as 2024 orders tick up

    April 25, 2024

    Weir Group said it is on track to reduce company costs by £60m and grow operating margin to 20 per cent by 2026.

  • FTSE 100 today: BHP pounces on Anglo American while Meta drags tech lower

    April 25, 2024

    US stocks saw a slight rise amid volatility. Asian stocks declined as Meta reignited tech sell-off, and the Japanese yen dropped below ¥155. Meta's stock fell 15 per cent, contributing to market turbulence. Despite this, oil and gold prices held steady. Investors now await US Q1 GDP data and earnings updates from Alphabet, Microsoft, Intel and Barclays.

  • Is Ithaca Energy’s £754m buy of Eni’s North Sea oil and gas assets a good deal?

    April 24, 2024

    Dark clouds of political uncertainty and the green transition hang over Ithaca Energy's blockbuster £756m buy.

  • Fossil fuel generation of UK electricity hits all-time low

    April 24, 2024

    Energy think tank Carbon Tracker today said that on Monday, April 15th, just 2.4 per cent of UK electricity came from fossil fuel sources.

  • Serica Energy chief: ‘High commodity price windfall long gone’

    April 24, 2024

    Serica Energy today announced its first share buyback programme, totalling £15m.

  • FTSE 100 today: London markets set to shine green, riding global upward momentum

    April 24, 2024

    Asian markets followed Wall Street's upward trend, with oil and gold prices trading nearly flat as tensions in the Middle East eased. Tesla's stock soared 13 per cent after plans to fast-track a 'more affordable' model release. Attention now shifts to the upcoming earnings reports from Meta, Boeing, IBM, and Intel.

  • Ithaca Energy to buy Eni’s UK assets for about £754m

    April 23, 2024

    North Sea oil and gas producer Ithaca Energy said on Tuesday it would buy Eni's UK upstream oil and gas assets for about £754m in an all-stock deal.

  • Can I Get Help with a New Boiler if I Am Not On Benefits? Apply Today for Eco4 Funding

    April 23, 2024

    If you are wondering if it’s possible to get help with a new boiler if you are not on benefits, this post is for you. We are going to show you how you can claim free funding from the ECO4 scheme even if you are not a receipt of benefits such as Income Support or [...]

  • Top British court orders Gazprom unit to drop £387m Russian claim against Italian bank UniCredit

    April 23, 2024

    The UK's highest court has upheld a decision that England has the right to block a Gazprom unit's Russian lawsuit against Italian bank UniCredit

  • Diamond glut sees London-listed miner Anglo American cut gem production

    April 23, 2024

    London-listed miner Anglo American said it decreased diamond production through the first quarter by almost one quarter.

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