Traders bet on Thames Water crisis contagion as firm races to agree survival plan April 17, 2024 Traders at major hedge funds are betting against the assets of British water companies amid fears over their levels of debt highlighted by the crisis engulfing Thames Water.
AIM: Another firm bails out of listed status due to £250,000 admin costs April 17, 2024 Scirocco, an AIM-listed operation, will delist due to high admin costs and what it describes as limited flexibility on the public markets
Boiler Replacement Scheme Over 60s UK: Apply Now for Free Funding April 16, 2024 Thanks to the boiler replacement scheme over 60s, you can upgrade your home’s heating system for free. Available for low-income and vulnerable households in Scotland, Wales and England, you can claim up to £7,500 in free funding for upgrading your entire home’s heating system, to make it more efficient, reduce the cost of energy bills [...]
Abrdn and two more City giants shun Sizewell C nuclear project April 15, 2024 The government is currently the majority shareholder and is currently investing a total of £2.5bn in financial support for the project.
Ceres Power’s revenue bounces back after a rocky few years April 15, 2024 Revenue for the fuel cell and hydrogen technology specialist increased from £19.8m to £22.3m, while gross profit jumped from £10.7m to £13.6m, the company's 2023 results revealed.
Vitol, Gunvor and Trafigura say bribery is over – but reform will take more than words April 15, 2024 The chief executives of Vitol, Gunvor and Trafigura declared the era of bribery in the sector to be over last week. But Rhodri Morgan argues that it will take a lot more than words if the companies are serious about putting an end to corruption in the industry
Tata Steel faces pay showdown with workers after Unite strike vote April 14, 2024 A company source told City A.M that the pay offer remains contingent on employees not hitting the picket lines.
UK and US block trade of new Russian metals at world’s largest exchanges April 13, 2024 The UK and the US have announced that new aluminium, copper and nickel produced by Russia will no longer be traded at the world’s two largest metal exchanges.
What could Shell and BP be worth across the pond? April 13, 2024 Ultimately, Shell and BP's future in London rides on how patient investors are willing to be.
Petrofac mulls equity issuance as it battles to stay afloat April 12, 2024 Oil and gas exploration company Petrofac currently remains "in discussions" with its lenders over restructuring its massive debts, suggesting options such as exchanging equity in the business.