FTSE 100 Live: City stocks rally after tech sell-off; Iran threatens ‘forceful response’ over Strait of Hormuz
Shapps pledges to ‘max out’ North Sea’s oil and gas reserves July 23, 2023 The government will “max out” the UK’s remaining reserves of North Sea oil and gas, declared energy security secretary Grant Shapps.
UK rejects AMTE Power’s urgent plea for funds as it works to avoid administration July 23, 2023 AMTE Power faces an increasingly uncertain future, with its urgent pleas for financial support from the government have fallen on deaf ears.
Outfox the Market fined £1.8m as Ofgem scrutinises suppliers’ finances July 23, 2023 Outfox The Market will pay a hefty £1.8m for failing to provide financial data to Ofgem, which is scrutinising the economic stability of suppliers.
British Gas poised for record profits after Ofgem’s hike in price cap allowances July 23, 2023 British Gas is expected to post record profits next week, powered by Ofgem's decision to temporarily hike allowances for suppliers.
Ovo: Shareholders for UK’s fourth biggest energy firm invest further £200m as profits slump July 21, 2023 Ovo shareholders have poured an extra £200m into the owner of the UK’s fourth-largest energy supplier.
Former PM Liz Truss supports second backbench revolt over onshore wind July 20, 2023 The government is bracing for a fresh attempt from Conservative backbenchers, including former Prime Minister Liz Truss.
Wind farm with potential to power 1.5m UK homes halted as industry urges government to bolster supply chains July 20, 2023 Plans to build a new UK offshore wind farm that could have powered up to 1.5m homes have been halted today amid concerns over rising costs.
PayPoint hits back at competition lawsuit as legal showdown looms July 20, 2023 PayPoint has hit back at accusations it entered into anti-competitive agreements with energy suppliers in the prepayment market.
AMTE Power shares tank 50 per cent after battery firm issues administration warning July 20, 2023 AMTE Power is on the brink of administration, with shares plummeting on the London Stock Exchange.
SSE reiterates earnings target despite waning wind generation July 20, 2023 Electricity output from renewables has lagged behind SSE's expectations this year, with generation lessened by poor weather conditions.
