Shell: FTSE 100 giant’s shares rise after unveiling buyback and profit hit May 2, 2025 Shell recorded a sharp fall in first-quarter profits on Friday, after crude oil priced weakened amid geopolitical uncertainty. The FTSE 100 oil giant recorded adjusted earnings of $5.58bn (£4.2bn) for the first three months of the year. Whilst this surpassed analyst expectations of $4.96, it marked a stark fall from the $7.73bn reported for the [...]
Investment funds in April: Energy plummets while property soars May 1, 2025 Energy funds suffered deeply during April as an expected slowdown in global growth caused oil prices to tank throughout the month. Five energy funds featured in the bottom 10 performing investment funds, alongside two resource funds, with Guinness Global Energy as the worst performer, falling 13.5 per cent. “With the price of a barrel of [...]
Tony Blair is right to call for ‘reset’ of ludicrous Net Zero debate April 30, 2025 If energy secretary Ed Miliband still believes that critics of his dash to Net Zero are peddlers of “nonsense and lies” he has a new name to add to his list of dangerous misinformation merchants: Tony Blair. I do appreciate that some people believe that his name belongs on exactly that kind of list, but [...]
Ed Miliband’s reckless Net Zero ideology April 29, 2025 Rumours persist that Ed Miliband, the energy secretary, could be shunted out of his role when the Prime Minister conducts his first major reshuffle since last summer’s election victory. Keir Starmer has the perfect excuse; the world has changed. He’s fond of saying that, and of course it’s true; huge changes are afoot and the global economy [...]
Grid connection for clean energy firms to be fast-tracked, ministers say April 15, 2025 Grid connections for businesses delivering clean energy are to be prioritised, ministers have said. The government has said so-called ‘zombie projects’ which hold up the queue for National Grid connectivity are set to be axed from the waiting list. While industries including data centres and AI, wind energy and solar projects will be accelerated for [...]
Nationalising British Steel won’t help the UK’s dying industry April 9, 2025 Nationalising British Steel is a painting-over-the-cracks solution. The real problem is energy prices, writes Elinor Bale.
Planning application for Cumbria coal mine dropped after legal setbacks April 5, 2025 The company behind a proposed development for the UK’s first coal mine in 30 years has withdrawn its planning application. The government confirmed on Friday that West Cumbria Mining (WCM) withdrew its application for the site near Whitehaven after years of legal and regulatory setbacks. Then-housing secretary Michael Gove first granted planning permission for the [...]
‘Awful April’ price hikes will cause ‘inflation surge’ April 1, 2025 Sweeping price hikes coming into effect from Tuesday are set to push up inflation, a leading economics consultancy has said, as what many have called ‘Awful April’ is set to put an extra burden on businesses’ costs. Higher costs in everything from water to energy will contribute to a rise in inflation that peaks at [...]
Drax strikes deal to develop 400,000 tonne ash facility March 27, 2025 Drax has agreed a 20-year joint venture deal that will see the development of an ash processing facility close to its power station. The new facility is expected to begin operations by the end of 2026 and produce 400,000 tonnes of ash per year at full capacity. The company estimates it will generate incremental adjusted [...]
Ofgem to fast-track £4bn investment in UK electricity grid March 20, 2025 Ofgem has announced plans to fast-track around £4bn of investment into expanding the UK’s electricity transmission network as it looks to decarbonise the grid by 2030. The Advanced Procurement Mechanism (APM) will enable signed-off projects to “break ground as soon as planning approval is granted,” the energy regulator said in a statement on Thursday. It [...]