FTSE 100 Live: BT-Verizon deal; Stocks wobble as US and Iran renew talks; Burnham lays out plans for government
Energy suppliers to face financial stress test as Ofgem grapples with winter crisis December 15, 2021 Ofgem has announced a raft of reforms to fix the energy sector following 25 suppliers collapsing in the past three months
OPEC remains bullish on oil demand and downplays Omicron variant December 13, 2021 OPEC raised its oil demand forecast for the first quarter of 2022, anticipating the new Omicron variant will be “mild and short-lived”.
Shareholders approve Shell plans to move HQ to UK December 10, 2021 Shareholders have voted overwhelmingly in favour of Shell's ambitious plans to ditch its share structure and move to London.
Octopus Energy reaches $5bn valuation with new investment partnership December 10, 2021 Octopus has received a $300m boost from CPP Investments in a new partnership deal, with the energy giant now worth $5bn.
Citizens Advice accuses Ofgem of failing to act against unfit energy suppliers ahead of gas price crisis December 9, 2021 Citizens Advice slammed Ofgem yesterday for failing to act against unfit energy suppliers before the ensuing gas price crisis.
Sureserve snaps up efficiency specialists CorEnergy in £7.5m deal December 8, 2021 Sureserve has acquired efficiency consultants CorEnergy (Cor) for £7.5m - boosting its renewables expertise and range of services.
Centrica to sell Spirit Energy’s Norway assets in $1bn deal as it looks to decarbonise portfolio December 8, 2021 Spirit Energy is selling its Norwegian oil and gas production business and its Statfjord field in a deal worth over $1bn in cash.
Government set to step in as carbon price mechanism is triggered after market rally December 7, 2021 Ministers could step in to reduce the costs polluters pay for emissions permits after carbon allowances increased by 50 per cent in November.
SSE defends renewables plan after activist calls for governance changes December 7, 2021 SSE has hit back at continued criticism from activist investor Elliott Management (Elliott) over its renewables plans.
Cost of keeping energy market in check quadruples to near £1bn as winter crisis deepens December 6, 2021 The cost of pricing the country’s energy sector has quadrupled over the past two years as the industry lurches from the pandemic and soaring wholesale costs.