Rio Tinto profits sink as iron ore prices ease and China’s economy stutters July 26, 2023 Rio Tinto has reported its lowest first-half year profits since the pandemic, with earnings tumbling amid easing iron ore prices.
Equinor unveils steep drop in profits as fossil fuel prices fall July 26, 2023 Equinor's profits have tumbled in line with falling oil and gas prices, signalling an expected industry-wide decline in earnings.
Ofgem toughens finance requirements for suppliers in latest market clampdown July 26, 2023 Ofgem has announced toughened capital requirements for suppliers, as it looks to ensure firms are resilient to future market shocks.
Floating offshore wind ripe for subsidies, Octopus’ renewable boss argues July 26, 2023 The government should target subsidies at emerging technologies where the UK can be a world leader, such as floating offshore wind.
AMTE Power secures fresh £1m loan from investors as it scrambles to avoid administration July 25, 2023 AMTE Power has announced a fresh loan facility from a US asset manager, an eleventh hour lifeline as it scrambles to secure its future.
London Metal Exchange names new chief executive for clearing house as court verdict looms July 25, 2023 The London Metal Exchange has made fresh changes to its senior team, announcing a new chief executive for its clearing house.
Yu Group revels in rising share price as supplier beats earnings expectations July 25, 2023 Yu Group has seen its shares soar nearly six per cent, after announcing it is on course to "substantially" outperform market expectations.
Sizewell C nuclear plant gets £170m cash boost from government July 25, 2023 Sizewell C has been given a fresh cash boost by the government, which has poured a further £170m into the proposed nuclear power plant.
Ofgem hits SSE with £9.78m fine after securing ‘excessive’ payments which raised costs for customers July 25, 2023 Ofgem has made a final decision to impose a hefty £9.78m financial penalty on SSE for securing excessive payments from ESO.
Utilita boss: We’ve got ‘no faith’ in Ofgem’s ability to manage the market July 25, 2023 The price cap is still "the biggest single risk to supplier profitability," warned Utilita boss Bill Bullen, as he called for more household support.