Thames Water’s new business plan could see bills rise by over 40 per cent by 2030 April 22, 2024 Already in the hole for around £18bn, today's update brings the company's expected total cost for its 2025-2030 plans to £19.8bn
PM’s net zero speech ‘set us back’, head of climate watchdog warns April 20, 2024 Rishi Sunak’s decision to water down environmental policies has “set us back” on reaching net zero, the outgoing head of the government’s climate watchdog has said.
China’s imports of Russian oil near record high in March April 20, 2024 Russia remained China’s top oil supplier in March, data showed on Saturday, as refiners snapped up stranded Sokol shipments. China’s imports from Russia, including supplies via pipelines and sea-borne shipments, jumped 12.5 per cent on the year to 10.81 million metric tons, or 2.55 million barrels per day (bpd) last month, according to data from [...]
FTSE 100 today: London markets poised for red start as Middle East tensions escalate; investors await more details on the crisis April 19, 2024 Middle East tensions rattled markets in the Asian session following ABC News reports of Israeli missile strikes in Iran. Oil and gold prices surged while bitcoin dropped below $60,000. However, an Iranian official denies the missile attack reports, adding to the uncertainty. Market focus now shifts to UK retail sales data and speeches by Bank of England officials Ramsden and Breeden.
Interest rates and the green economy: The carbon cost of higher for longer April 18, 2024 The high capital intensity and low returns on green projects make them particularly vulnerable to high rates.
Ferrexpo finally reveals financial results despite ongoing lawsuits April 18, 2024 Embattled iron pellet producer Ferrexpo has finally revealed its 2023 financial results after delaying them due to legal action against it.
National Grid set to profit from Hunt’s full-expensing tax relief scheme April 18, 2024 The National Grid has said that it expects to report higher earnings in its full-year results on 23 May, due to new reporting methodology.
Tory MPs led by IDS: Biden’s liquefied natural gas curbs risk reliance on Russian energy April 17, 2024 A group of nearly two dozen Conservative MPs led by former party leader Iain Duncan Smith has warned that Joe Biden's decision to curb US energy exports to the UK and Europe risks making his allies reliant on Russia to meet their energy needs.
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