Elliott takes up £3.8bn stake in BP Energy Notorious activist investor Elliott Management has taken up a £3.8bn stake in BP, becoming the ailing oil major’s third-largest shareholder, according to reports. The US fund’s investment in the London-listed petrochemical giant emerged last weekend, shortly before BP reported an anaemic set of full-year results that saw its profit slump to $8.9bn (£7.9bn). The earnings [...]
UAE royals-linked Esyasoft finally offers deal for UK’s Good Energy Energy Dubai-based energy company Esyasoft has offered to buy Chippenham-based renewable electricity supplier and energy services provider Good Energy, after extending the deadline to make an official offer three times. The motion is now awaiting a shareholder vote. The deadline had previously been delayed to allow more time for Esyasoft to progress its due diligence exercise, [...]
Don’t cut the green crap: Why reversing climate policies might be a mistake UK politics Labour and the Tories should not be turning their backs on the green transition - one of the UK's big success stories - at a time when taking action is more important than ever, Jessica Frank-Keyes argues
How damage to the UK’s nature could knock £300bn off GDP April 25, 2024 Damage to nature in the UK could contribute to a hit to the economy larger than the financial crisis or the Covid-19 pandemic, new research has shown.
Interest rates and the green economy: The carbon cost of higher for longer April 18, 2024 The high capital intensity and low returns on green projects make them particularly vulnerable to high rates.