United Utilities hikes dividends despite lower profit and rise in debt November 16, 2023 United Utilities released its half year report today, highlighting an ambitious five year plan and hiking its dividend despite a fall in profit and rise in debt. Revenue rose 6.8 per cent, but operating profit fell 6.9 per cent due after a 16.6 per cent jump in operating costs. Debt rose from £7.8bn in 2022 [...]
Fuel retailers face fines if they do not ‘come clean’ over pricing November 15, 2023 Fuel retailers face fines if they fail to be more transparent on pricing, Energy Secretary Claire Coutinho has announced.
Britishvolt owner could be wound up after failing to pay employees November 15, 2023 The owner of Britishvolt could face winding up, after a former employee began legal action over unpaid wages.
SSE reports higher than expected earnings amid £2.5bn investment drive November 15, 2023 London-listed energy giant SSE reported higher than expected half year earnings this morning.
German government to guarantee £6.5bn Siemens Energy rescue package November 14, 2023 Siemens Energy is set to receive a €15bn rescue package, underwritten by the German government.
UK falls out of top five renewable energy investment markets… again November 14, 2023 The UK has dropped out of the top five most attractive countries for renewable energy investment, according to consultancy firm EY.
Oil watchdogs raise outlooks amidst Israel-Palestine uncertainty November 14, 2023 Global oil markets are creeping back to confidence as two energy watchdogs cast a positive light on the sector this week.
Thames Water hit with £73m penalty over pollution and leakages November 14, 2023 Thames Water has been ordered to pay £73.7m back to customers after the UK's water regulator found it had failed to reduce pollution and tame leakage problems.
Glencore swoops in to buy 77 per cent of Canadian miner Teck in £5.65bn deal November 14, 2023 Japan's Nippon Steel will pay $1.7 billion and swap its interest in one of Teck's coal operations for 20 per cent of the coal business, the report said, citing sources.
Government facing legal challenge over burning trees for energy in net-zero plan November 13, 2023 The case alleges that the Government’s Biomass Strategy is unlawful and will undermine the UK’s ability to achieve net zero by 2050.