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Energy

  • Disgraced former BP boss Bernard Looney plans Abu Dhabi comeback

    July 8, 2024

    Former BP chief executive Bernard Looney is reportedly plotting a comeback in Abu Dhabi after he was dismissed last year over past relationships with colleagues.

  • Eon UK returns to profit for the first time since 2020 with £700m swing

    July 8, 2024

    The UK arm of energy giant Eon has returned to the black for the first time since 2020 after a swing of more than £700m.

  • Ovo Energy mulls sale as bankers set to be brought in

    June 30, 2024

    Ovo Group, the UK's fourth largest energy supplier, may be bringing in bankers to explore possibilities including new investors or a sale.

  • Octopus Energy-backed EV charging network Be.EV raises £55m

    June 26, 2024

    EV charging network Be.EV, which is backed by Octopus Energy, has raised £55m from Natwest and Germany's KfW IPEX-Bank.

  • Drax Group to sell 90,000 metre points to EDF Energy

    June 26, 2024

    British power firm Drax has announced it will sell up to 90,000 customer meter points to EDF Energy after a strategic review of its energy supply business.

  • No, climate action will not damage business interests

    June 26, 2024

    Green and economic growth come hand in hand, say Sophie Miremadi and Alex O’dell

  • Octopus to repay £3bn of Bulb nationalisation costs after supplier’s collapse

    June 21, 2024

    Octopus Energy will pay the UK government an early £3bn windfall after the company promised to reimburse all the public funds it received to take over the collapsed energy supplier Bulb.

  • Election 2024: Former Tory tsar to vote for Labour

    June 21, 2024

    The former Tory net zero tsar Chris Skidmore has revealed he will back Labour at the July 4 general election.

  • Will it work? GB Energy

    June 20, 2024

    Labour has pledged £8.3bn for a new energy investment vehicle, GB Energy. But will it work? Sam Fowles investigates.

  • Advanced Energy pulls out of XP Power pursuit

    June 18, 2024

    US semiconductor firm Advanced Energy is no longer pursuing a deal for XP Power after it had three informal approaches rejected by the Singapore competitor.

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