British Gas-owner Centrica adds £300m to share buyback plan December 10, 2024 FTSE 100 giant Centrica has added another £300m to its existing share buyback plan, meaning it will have snapped up some £1.5bn in shares over the last two years. In a trading update today, the owner of British Gas said that it expected its 2024 full-year earnings and net cash to be broadly in line [...]
Centrica and EDF extend lifespan of four UK nuclear power plants December 4, 2024 Ministers see nuclear power as vital to hitting looming emissions targets, given wind and solar power projects are reliant on weather conditions.
AI is about to go nuclear – so the UK needs to, too October 31, 2024 As the artificial intelligence (AI) industry hurtles headlong towards what can only be described as nuclear-level growth, the UK needs a matching energy source to keep up. But data centres, responsible for powering the floods of new generative AI models and applications, rely on vast, consistent energy supplies to keep their servers ticking. According to [...]
Rolls-Royce sells stake in small nuclear reactor division October 29, 2024 Rolls-Royce has sold a minority stake in its small nuclear reactor division to Czech power company CEZ. The Derby-headquartered giant has handed a 20 per cent share in Rolls-Royce SMR in a deal worth hundreds of millions of pounds. CEZ plans to build the first small modular reactor at the existing Temelin nuclear plant in [...]
Tory leadership: I’ll return us to ‘party of sound money’, Robert Jenrick pledges October 16, 2024 Tory leadership contender Robert Jenrick has pledged to return the Conservatives to “being the party of sound money”, if elected. The former migration minister outlined his economic plans in a speech this morning in which he admitted the Conservatives “abandoned fiscal responsibility in the mini-Budget.” Jenrick told an audience of journalists and MPs at a [...]
How to unlock green growth (clue: it’s not all about net zero) October 13, 2024 Think nuclear and speed up planning if you want to achieve green growth, suggests Brendan Chilton,
Rolls Royce closes in on European nuclear reactor deals as UK process delayed September 22, 2024 Rolls Royce is closing in on two deals to build miniaturised nuclear power plants in Sweden and the Netherlands after a successful deal with the Czech Republic announced last week. Rolls-Royce boss Tufan Erginbilgic had warned that the firm would start building small modular reactors (SMRs) in Europe should UK ministers fail to speed up [...]
Why we bought a decommissioned nuclear power station August 30, 2024 Seventy years since a Brit first split the atom, it’s time to re-energise our nuclear industry and reclaim leadership in the technology of the future, says Lord Grade Down an unassuming country lane in Gloucestershire, out of the market town of Berkeley and toward the Severn Estuary, lies the site where Britain’s next nuclear power [...]
Lifting the ban on onshore wind was step one. Now Britain must move faster August 6, 2024 Labour’s reversal of the de facto ban on onshore wind is encouraging, but Britain must do more to get building again, writes John Caudwell One of Labour’s first acts in government was to lift the de facto ban on onshore wind. This change in planning policy means that onshore wind projects no longer need to [...]
The Notebook: Nuclear power continues to divide, but we need to think about the future July 22, 2024 Kokou Agbo Bloua, Societe Generale’s global head of economics, takes the pen to talk nuclear, climate volatility and the economic outlook.