Losses neared £70m at group behind kitchen maker Magnet due to cost-of-living crisis February 28, 2024 Almost £70m was lost by the group behind kitchen maker Magnet after being hit by "unprecedented" inflation, "elevated" energy prices and "notably subdued markets" due to the cost-of-living crisis.
UK green hydrogen plant plans unveiled by global giant Lhyfe February 27, 2024 Plans for a green hydrogen plant in the North East of England have been unveiled by global giant Lhyfe.
Without reform, the UK will sleepwalk into another cost of living crisis February 27, 2024 Decades of complacency got us into the cost of living crisis, and we'll face another one if we don't change our ways, writes Adam Hawksbee.
Hydrogen power firm Geopura to create hundreds of jobs after £56m investment February 22, 2024 Hydrogen power company GeoPura has secured a £56m investment which will help create hundreds of jobs, it has been announced.
UK’s largest nightclub operator Rekom owed over £120m as it collapsed into administration and cut 470 jobs February 19, 2024 The UK's largest nightclub operator owed more than £120m as it collapsed into administration and cut almost 500 jobs before a rescue deal was agreed.
Top energy firms to hold crisis talks on Labour’s windfall tax plans February 19, 2024 Major oil and gas firms are set to hold crisis talks this week to discuss concerns about Labour’s windfall tax plans for the sector.
Brits to get ‘much-needed respite’ with energy price cap to drop by 15 per cent February 16, 2024 It said the cap will keep going down until July, which is also due to the seasonal change, causing less Brits to use oil and gas for heating especially.
Ithaca Energy scales back North Sea investment due to energy windfall tax February 15, 2024 Ithaca Energy said today that its full-year earnings would be in line with its guidance, as the firm grapples with a sinking stock price. The North Sea oil and gas producer said 2023 production had been 70.2 thousand barrels of oil equivalent per day, matching expectations of 78-74. Last month, the firm’s chief executive Alan [...]
Low power, please charge: Battery storage troubles leave investors on the hook February 15, 2024 A number of battery storage investment trusts are struggling. Is this just a bump in the road or the beginning of the end?
Profits fell at green tech start-up Myenergi ahead of major job losses February 12, 2024 Profits were cut at smart home start-up Myenergi ahead of the HSBC-backed company slashing more than 100 jobs, it has been confirmed.