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      City sounds alarm on £40bn foreign M&A offensive targeting ‘cheap’ UK firms

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Energy

  • Ofgem tells E.ON Next to pay up over prepayment meter failings

    November 20, 2024

    The energy regulator Ofgem has told provider E.ON Next to pay up £14.5m for failing to provide final bills and refunds to its customers. E.ON failed to provide customers energy bills or give them back money owed on credit balances for prepayment meters. This comes after an investigation by Ofgem found that nearly 250k prepayment [...]

  • Don’t sit back and watch Thames Water ‘car crash,’ ministers told

    November 18, 2024

    Union warnings come after a Guardian investigation alleged Britain's biggest water company is in a far worse financial state than previously thought.

  • Ex-BP boss says Labour is ‘ignoring’ UK’s energy needs

    November 12, 2024

    The new government’s decision to divest from North Sea oil and set up a state-owned renewable energy company is the “last thing” it should be doing, the former chief executive of BP has said. Bob Dudley, who ran the British petrochemical giant BP for ten years, told City AM that energy secretary Ed Miliband was [...]

  • Three Drax power plants delayed due to grid connection hold-ups

    November 10, 2024

    It was understood the plants would come online by October 1 and serve as backstops intended to prevent blackouts.

  • Plans for England’s largest onshore windfarm unveiled in first since ban lifted

    November 5, 2024

    The site will be the fifth largest onshore wind power producer in the UK, with the top four all currently based in Scotland.

  • Orsted hikes guidance as boss hails Hornsea offshore wind farms

    November 5, 2024

    The Danish state-backed energy group said operating profit had risen from DKK 19.4bn to 23.6bn compared with the prior year.

  • Did Rachel Reeves deliver a net zero Budget?

    November 4, 2024

    The UK’s recent Budget included a series of measures which have prompted debate over its impact on achieving net zero. While Rachel Reeves announced significant investments in green energy, hydrogen projects and electric vehicle incentives, a number of her decisions have raised concerns about the effectiveness of the UK’s environmental sector. While Wednesday’s Budget announced [...]

  • Rolls-Royce sells stake in small nuclear reactor division

    October 29, 2024

    Rolls-Royce has sold a minority stake in its small nuclear reactor division to Czech power company CEZ. The Derby-headquartered giant has handed a 20 per cent share in Rolls-Royce SMR in a deal worth hundreds of millions of pounds. CEZ plans to build the first small modular reactor at the existing Temelin nuclear plant in [...]

  • If money’s tight, why waste it on futile GB Energy?

    October 28, 2024

    The fiscal pain of this budget will be worse because of needless GB energy, writes Conservative Environment Network director Sam Hall.

  • How we saved Britain’s small businesses millions in energy costs – and counting

    October 22, 2024

    Small businesses across the UK have had to face the wrath of rising energy costs for years - and entrepreneur Joe McDonald is fed up with it.

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