Moving markets: Five things shaping the FTSE 100 today February 20, 2024 Asia stocks struggle despite China's interest rate cut, while Middle East tensions keep oil prices near three-week highs. Investors are focused on Bank of England's Bailey speech and Nvidia earnings.
Anglo American’s platinum mining firm to cut 3,700 jobs after profit nosedive February 19, 2024 The firm's redundancies are likely to predominantly cover its South African operations
Polymetal looks to sell-up and quit Russia over nationalisation fears February 19, 2024 Polymetal has been looking to leave the war-torn market for months
Orsted troubles show the wind sector might not grow as quickly as expected February 19, 2024 Wind power has long been front and centre of the UK’s green transition over the last few years, with wind farms being rolled out in the UK’s surrounding seas. The clean-energy industry, in particular wind, has boomed and worked on the broad assumption that costs will only come down in the future. But Orsted’s latest [...]
Top energy firms to hold crisis talks on Labour’s windfall tax plans February 19, 2024 Major oil and gas firms are set to hold crisis talks this week to discuss concerns about Labour’s windfall tax plans for the sector.
Macquarie explores cutting stake in Cadent as gas network prepares for net zero transition February 18, 2024 Australian asset manager Macquarie is exploring a sale of part of its stake in Cadent alongside another shareholder worth a combined £1.3bn as the UK gas network readies for the renewable energy transition.
Petrofac: Two former executives charged with bribery by UK anti-fraud agency February 16, 2024 The UK anti-fraud agency has revealed it charged two former Petrofac senior executives with bribery over influencing contracts awards. The Serious Fraud Office (SFO) has charged Marwan Chedid and George Salibi, who worked in various senior roles within Petrofac Group in the United Arab Emirates (UAE). The SFO alleges that from 2012 to 2018, Chedid [...]
Brits to get ‘much-needed respite’ with energy price cap to drop by 15 per cent February 16, 2024 It said the cap will keep going down until July, which is also due to the seasonal change, causing less Brits to use oil and gas for heating especially.
EDF swings to profit on back of high electricity prices but notes £11bn Hinkley hit February 16, 2024 French nuclear power giant EDF swung to profit in 2023, despite booking a large impairment on the struggling Hinkley Point C project.
Sir Adrian Montague: Chairman of Thames Water parent company Kemble quits February 16, 2024 He has also stood down as director of each of Kemble's subsidiaries, apart from TWUL and Thames Water Utilities Holdings Limited.