BP shares slide as suspends share buybacks and increases cost-cutting goal Business Energy giant BP has suspended its share buyback programme and deepened its cost-cutting target, as it scrambles to bolster its balance sheet amid the anticipation of a weaker oil price. In its final results, the company said the decisions were taken to allow it invest in its oil production business and “fully allocate excess cash” [...]
Small businesses ditch green agenda as ‘survival’ becomes priority Business Small businesses are ditching green finance initiatives as “ensuring survival” becomes a bigger focus for firms amid the pressures of rising costs. The latest business growth tracker from Natwest showed prioritising of sustainability was at an all time low among small and medium-sized enterprises (SMEs) by the end of 2025. Just 30 per cent of [...]
Britain does not have to accept industrial decline Opinion Britain's industrial decline was not inevitable. It's time to revive Britain's industrial economy as a national priority, writes Rian Chad Whitton.
Budget: Octopus boss Greg Jackson hails cuts to energy bills November 26, 2025 Octopus Energy boss Greg Jackson has hailed the cuts to energy bills announced in today’s Budget, as the Chancellor slashed multiple renewable levies. Jackson welcomed the energy bill cuts as a “positive step” as Rachel Reeves described energy costs as “one of the greatest drivers of the rising cost of living”. Reeves said she will scrap [...]
Net zero targets “are not helping” claims shadow energy secretary October 19, 2025 Shadow energy secretary, Claire Coutinho, has claimed that Labour’s net zero targets” are not helping” the UK’s economy. In an interview with Sky News’ Trevor Phillips, Countinho linked the government’s climate targets to the ongoing cost of living crisis. She said: “We’ve said we would repeal the climate change target, and we actually think the [...]
Ed Miliband’s Green New Deal won’t deliver 400,000 ‘new’ jobs October 6, 2025 The language of "job creation" is seductive, but Ed Miliband's promise to create 400,000 'new' green jobs is deceiving, writes Matthew Bowles.
BP shares jump after oil major ups dividend and launches buyback August 5, 2025 BP shares jumped on Tuesday despite the firm recording a hit to profit and revenue in the first half of 2025 as weaker oil prices and lower trading performance weighed on takings. The London-listed oil major posted total revenue of $95.6bn (£72bn), down from 2.7 per cent from the same previous last year, while profit [...]
Smart Pension invests £330m into Octopus Energy fund as Mansion House Accord bears fruit July 29, 2025 Smart Pension has made a £330m investment into two funds managed by Octopus Energy in an early sign the Chancellor’s Mansion House Accord is beginning to bear fruit. The pensions firm, which has more than £7bn in assets under management, said the commitment will represent 5 per cent of the portfolio of its default fund, [...]
Why the UK can’t get a grip of its energy crisis April 14, 2025 A months-long cost-of-living crisis, state bailouts of consumer energy bills, endless planning rows, judicial interventions and now the near-collapse of Britain’s only manufacturer of virgin steel all show different sides to the UK’s ongoing energy crisis. Its dependency on foreign imports, poor planning of infrastructure and lack of control over soaring bills means the extent [...]
Grangemouth: Green projects at oil refinery site could cost £13bn March 12, 2025 Plans for new green projects at the Grangemouth oil refinery site in Scotland could reportedly cost up to £13bn. A feasibility study of possible options for the site – dubbed Project Willow – has listed nine opportunities including recycling plastics and producing biomethane, to create a “flourishing low carbon hub” over the next two decades, [...]