Biggest manufacturers expected to pay £685m more in tax June 30, 2025 Manufacturers across the UK will have to cough up £685m more in new property taxes next year, new research has suggested, adding costs to several businesses which are struggling to boost output and already cutting back on headcounts. The government last week said it was ready to address high electricity prices for up to 7,000 [...]
Inspired latest to attract private equity takeover bid June 26, 2025 Energy and sustainability consultancy Inspired has agreed to a £183.6m all-cash takeover from US private equity firm HGGC, marking a sharp turn in the firm’s M&A saga after previously rejecting a rival bid from Regent Acquisitions. HGGC will make the acquisition through a newly formed vehicle, Intrepid Bidco Limited, offering 81p per share – a [...]
Former Centrica boss in running to be next BP chair June 21, 2025 The former boss of multinational energy firm Centrica is among those in talks to be the next chairman of BP. Sam Laidlaw is being considered as a successor to Helge Lund, who announced he would step down from BP in April. Laidlaw is one of a number of prominent candidates in the running to chair [...]
Ed Miliband forced to look again at North Sea oil and gas June 19, 2025 The UK government is mulling over a change to the law to oil and gas projects in the North Sea in a drive to lower energy bills. Michael Shanks, a minister working under energy secretary Ed Miliband, will be visiting Scotland on Thursday with a decision set to be made on the government’s intervention on [...]
Exclusive: Government admits fossil fuels use is cheaper than net zero technology June 19, 2025 The UK government has quietly admitted that using low-carbon technologies essential to the rapid drive to net zero are more expensive than when fossil fuels are used an energy source, City AM can reveal. Labour ministers are expected to double down on expanding the use of green technologies to lower costs as the Treasury and [...]
Firms stumped up extra £29bn for ‘astronomical’ energy costs June 19, 2025 British industry has had to fork out an additional £29bn to fund rising energy costs over the past four years, a fresh analysis has shown, adding further weight to calls for government bring down energy prices for British firms when it publishes its industrial strategy. According to the Energy and Climate Intelligence Unit (ECIU), firms’ [...]
King Charles’ Crown Estate to invest £400m in offshore wind supply chain June 17, 2025 King Charles III’s property firm is to invest up to £400m of fresh capital into the UK’s offshore wind supply chain, it has been announced. The Crown Estate has earmarked £350m for investment into the construction of a new port and supply chain infrastructure it said would support “accelerated delivery of UK offshore wind projects.” [...]
Green light for Sizewell C as £14.2bn to go to major nuclear project as part of Spending Review June 10, 2025 The UK’s nuclear energy capacity is set to receive a major boost after the government confirmed it would put up the funds for the Sizewell C plant, ending months of uncertainty. Funding for the project is set to be announced by Chancellor Rachel Reeves alongside a decision on the Small Modular Reactor (SMR) competition at [...]
London Tech Week: Rio Tinto leans into UK tech to hit net zero targets June 9, 2025 The UK must invest more materials innovation and secure tech partnerships or risk being left behind in the global arms race for essential minerals needed for energy transition, mining giant Rio Tinto execs told London Tech Week. Chief executive Jakob Stausholm and chief innovation officer Dan Walker said the FTSE 100 giant is betting heavily [...]
Energy services giant returned to profit before $1bn takeover June 9, 2025 A UK energy services giant returned to profit and created hundreds of jobs in the year before being acquired in a deal which valued it at more than $1bn (£737m). OEG Energy Group, which is headquartered in Aberdeen, has reported a pre-tax profit of $4.4m for 2024, having posted a pre-tax loss of $14.9m in [...]