Ofwat clamps down on water companies with proposals to regulate dividends July 28, 2022 Water companies could be prevented from making dividend payments if their financial resilience is at risk, in new reforms pushed by Ofwat.
Exclusive: Energy boss slams Liz Truss’ plans to suspend green levies as ‘nonsensical’ July 28, 2022 Good Energy's chief executive Nigel Pocklington has slammed Liz Truss' proposal to impose a moratorium on green levies.
Shell unveils record profits and begins $6bn buyback programme July 28, 2022 Shell has posted massive profits of $11.5 billion for the second quarter, smashing its previous record three months of trading earlier this year.
Exclusive: Industry body urges Tory leadership contenders to back fracking July 28, 2022 The UK's leading onshore energy body has called on the two Tory leadership contenders to lift the moratorium on fracking.
British Gas owner Centrica restores dividend amid massive profits from soaring oil and gas prices July 28, 2022 Centrica has restored its dividend, with the energy giant enjoying a post-pandemic rebound, powered by soaring oil and gas prices.
Sunak’s pledge for VAT cuts on energy bills only a short-term solution to energy crisis, warns IFS July 28, 2022 Scrapping VAT on energy bills should only be a temporary measure to ease costs for struggling households, argued the IFS.
Energy supplies will be tight this winter, warns National Grid’s system operator July 28, 2022 The UK's electricity supply could be tight at times this winter but there should be sufficient supplies to meet demand revealed NGESO.
January Blues: Brits face painful spike in energy bills as Kremlin puts West under pressure July 27, 2022 UK households are set to be hit by energy prices as high as £500 a month in the new year, according to new analysis.
Equinor hands out a further $3bn to shareholders as high gas prices power bumper profits July 27, 2022 Equinor is returning an additional $3bn to shareholders, with the Norwegian energy giant enjoying second-quarter profits above expectations.
Rio Tinto slashes dividend in half as cooling iron ore demand weighs down profits July 27, 2022 Rio Tinto has suffered a 29 per cent drop in profits during the first six months of trading this year, amid weaker prices for iron ore.
