Glencore: Copper, zinc, lead and nickel output slides but trading profits to top £3bn July 21, 2023 Glencore saw its output in copper, zinc, lead and nickel dip this morning as it struggled with a downturn in production but said it expects to exceed its long-term annual guidance – with trading profits reaching as high $4 (£3.1bn). The commodity giant said the half-year results were in line with expectations, with its full [...]
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.
Macquarie plans to take full ownership of National Grid’s gas unit after increasing stake July 19, 2023 An investor-consortium led by Australia’s Macquarie Asset Management has upped its stake in the National Grid’s gas transmission business and plans to take full ownership “in due course”. Macquarie, along with British Columbia Investment Management Corporation, snapped up an additional 20 per cent in the gas business, the company said today. The investment takes the [...]
Global electricity demand expected to slow as recession fears take hold, says IEA July 19, 2023 Global growth in electricity demand is expected to slow this year, the IEA predicts, amid the energy crisis and an economic downturn.
Energy suppliers could have to hand money back to customers in Ofgem price cap review July 19, 2023 Ofgem could order suppliers to pass money back to customers this winter as part of its latest review of the price cap.
Severn Trent invests up to £1bn amid increasing scrutiny on water suppliers July 19, 2023 Severn Trent expects to invest up to £1bn this year improving its infrastructure amid increasing scrutiny on the crisis-hit sector.