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      City sounds alarm on £40bn foreign M&A offensive targeting ‘cheap’ UK firms

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Energy

  • Russian ships accused of plotting North Sea sabotage with ghost ships

    April 19, 2023

    The UK is under threat from a Russian programme to sabotage wind farms and cables in the North Sea, according to new allegations.

  • UK has enough gas for summer demand, National Gas Transmission confirms

    April 18, 2023

    The UK will have sufficient gas supply to meet demand from April to September and is expected to sustain flows to Europe

  • UK risks missing net zero goals warns Ovo boss, as firm unveils new tariff to fight greenwashing

    April 18, 2023

    The UK will miss its net zero goals without bolder action from the government and energy industry, warns Ovo boss Raman Bhatia,

  • Forced prepayment meter installations for over 85s banned in Ofgem crackdown

    April 18, 2023

    UK energy suppliers have all signed up to a new code of practice for prepayment meters as part of an industry crackdown.

  • North Sea industry push for windfall tax price floor in bid to boost bank lending

    April 18, 2023

    North Sea oil and gas producers are pushing the government to introduce a price floor in the windfall tax so that banks will offer better loans.

  • Low-cost energy generation may no longer be winning factor for renewable auctions under government overhaul

    April 18, 2023

    Applications for renewable projects could soon be assessed on their contributions to the wider green industry, rather than just prices.

  • Exxon Mobil challenged by investors over climate goals ahead of AGM

    April 17, 2023

    LGIM and CBIS have co-filed a shareholder resolution, calling on Exxon Mobil to provide more climate disclosures.

  • John Wood Group confirms talks with Apollo as it extends deadline for takeover bid

    April 17, 2023

    John Wood Group has confirmed it will hold talks with Apollo to see if a firm offer can be made on the same terms as its fifth takeover bid.

  • National Grid needs competition for UK to meet energy ambitions, argues energy boss

    April 17, 2023

    National Grid’s electricity network should be opened up to competition from private companies to speed up connections for new projects.

  • Feeding off scrap: Steel industry must go green if it wants taxpayer support

    April 17, 2023

    The steel sector must embrace scrap supplies if it wants to present a viable green future and win over taxpayer support for more funding.

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