Miners are set for a bumpy ride February 26, 2024 The UK’s major miners face multiple challenges. The first of these is operational – Glencore and Anglo American, two of London’s largest commodity outfits, have bled profits in 2023. For the former, adjusted EBITDA fell by 50 per cent year-on-year to $17bn in 2023 while Anglo American saw a net profit fall of 94 per cent. [...]
Ofwat blasted for allowing struggling water firms to not employ auditors February 26, 2024 The firms together provide water and sewage services to around 3.7m UK customers.
Moving markets: Five things shaping the FTSE 100 today February 26, 2024 Asian markets were mixed as investors awaited inflation data, while oil prices extended their decline. The week ahead promises a flurry of retail and technology earnings reports, offering insights into sector performance and economic trends.
Next silent on reports it is eyeing The Body Shop February 25, 2024 Next has reportedly been weighing up buying parts of The Body Shop after the high street cosmetics chain fell into administration last week.
Britishvolt owner hit with £8m bill over alleged tax avoidance in Australia February 25, 2024 The new owner of failed battery start-up Britishvolt faces a near £8m tax bill in his home country of Australia, where one of his companies has been accused of having "an intentional disregard of a taxation law".
Ofgem drops retail energy price cap to lowest level in two years in boost for households February 23, 2024 Despite welcoming the price cap drop, Ofgem's head has said there are still "big issues" to be tackled
Awards announced for Square Mile’s green champions February 22, 2024 The Clean City Awards – organised by the City of London Corporation – celebrated its 30th anniversary this year
UK exits ‘outdated’ international energy treaty after talks break down February 22, 2024 Energy Secretary Claire Coutinho said staying within the treaty could "jeopardise" the UK's clean energy sector
How can Ofwat regulate ‘failing’ firms like Thames Water without pushing them into bankruptcy? February 22, 2024 The Environment, Food and Rural Affairs Committee expressed significant concerns over Ofwat's role in regulating the water industry
Hydrogen power firm Geopura to create hundreds of jobs after £56m investment February 22, 2024 Hydrogen power company GeoPura has secured a £56m investment which will help create hundreds of jobs, it has been announced.