British manufacturing sector gets £4.5bn shot in the arm from Jeremy Hunt November 17, 2023 Funding was announced by chancellor Jeremy Hunt this evening, ahead of the much-vaunted Autumn statement next Wednesday, which is likely to focus on productivity in the workforce.
Thames Water: Debt-laden firm announces more redundancies before Christmas November 17, 2023 Only this week, it was announced Thames Water will be forced to pay £73.7m back to customers for failing to meet performance targets.
Octopus Energy ‘further deepens’ relationship with Tokyo Gas after £3bn investment November 17, 2023 Octopus Energy has today unveiled a £3bn fund dedicated to developing offshore wind assets through its generation arm.
EU begins methane crackdown on oil and gas exporters November 16, 2023 Oil and gas producers across the world will be subject to tighter methane emissions limits from 2030, according to a new European Union agreement. Yesterday, EU member states and the European Parliament agreed to impose “maximum methane intensity values” by 2030 on international producers sending methane into Europe. The declaration states the agreement “will oblige [...]
Millions of Brits worried as energy bills set to rise by more than £100 from the new year November 16, 2023 As Ofgem launches a price cap review, a forecast has warned of new year energy price hikes.
‘Hydrogen for hire’: AFC Energy and Speedy Hire launch joint venture November 16, 2023 Hydrogen energy specialists AFC Energy have launched a joint venture (JV) with the UK’s largest tool and equipment hire company, Speedy Hire. Announced yesterday, Speedy Hydrogen Solutions Limited will purchase £2m worth of 30-kilowatt Hydrogen fuel cell generators from AFC to be delivered to customers across the UK. AFC Energy, which once counted the Russian [...]
United Utilities hikes dividends despite lower profit and rise in debt November 16, 2023 United Utilities released its half year report today, highlighting an ambitious five year plan and hiking its dividend despite a fall in profit and rise in debt. Revenue rose 6.8 per cent, but operating profit fell 6.9 per cent due after a 16.6 per cent jump in operating costs. Debt rose from £7.8bn in 2022 [...]
Fuel retailers face fines if they do not ‘come clean’ over pricing November 15, 2023 Fuel retailers face fines if they fail to be more transparent on pricing, Energy Secretary Claire Coutinho has announced.
Britishvolt owner could be wound up after failing to pay employees November 15, 2023 The owner of Britishvolt could face winding up, after a former employee began legal action over unpaid wages.
SSE reports higher than expected earnings amid £2.5bn investment drive November 15, 2023 London-listed energy giant SSE reported higher than expected half year earnings this morning.