Gold prices slump ahead of Federal Reserve’s Jackson Hole symposium August 21, 2023 Gold prices have failed to revive in this morning's trading, with investors awaiting the mood music from a key central bank summit later this week.
Ofgem cannot fix the energy market unless ministers scrap the price cap August 21, 2023 Ofgem will struggle to fix the crisis-hit energy market unless the price cap is reformed, or even scrapped.
Polymetal hopes for Russian asset sale within six months August 21, 2023 Polymetal plans to sell its Russian business within six months, with mining groups from the country and Chinese investors among the potential suitors.
Seven week oil rally ends as demand concerns in China sees prices stall August 20, 2023 This year's longest rally in oil prices has finally stalled, with both benchmarks faltering for the first time since swingeing OPEC cuts.
Household energy bills to stay high into next winter despite price cap dip August 20, 2023 Households energy bills will remain above pre-crisis levels, despite Ofgem being set to announce a fall in the price cap this winter.
Banks to snub Treasury meeting as UK oil and gas sector struggles for financing August 20, 2023 The UK’s oil and gas sector faces the growing prospect of a cash crunch, with the Treasury’s latest attempts to lure lenders unlikely to succeed.
Energy bills expected to fall £150 a year from October, say analysts August 18, 2023 The amount that an average household is expected to pay for its energy bills will fall by around £150 per year from the start of October, according to a new forecast. Ofgem’s next price cap, which will be announced on Friday next week, will drop to around £1,925, according to the latest forecast from Cornwall [...]
United Utilities hit with hefty £800,000 fine for taking too much water August 17, 2023 United Utilities has been fined £800,000 after illegally abstracting 22bn litres of water in Lancashire, the Environment Agency has said.
Treasury red tape on wind farms to cost bill payers £1.5bn per year, climate group warns August 17, 2023 Bill payers are being left £1.5bn worse off per year due to Treasury red tape blocking new offshore wind projects, according to the ECIU.
ITM Power: Troubled hydrogen specialist hopes to win over shareholders as results meet expectations August 17, 2023 ITM Power has delivered results in line with company expectations, in its bid to reassure shareholders its turnaround plan is viable.