Jeremy Hunt to meet CMA, Ofgem, Ofwat and Ofcom over ‘profiteering’ concerns June 26, 2023 Jeremy Hunt will ask industry regulators what they are doing about any companies exploiting rampant inflation by raising prices. The Chancellor is set to meet the Competition and Markets Authority (CMA), and the watchdogs for energy, water and communications on Wednesday. He will press them on whether there is a profiteering problem in their sectors [...]
Siemens Energy’s share price plummets by a third after billion euro turbine bill warning June 23, 2023 Siemens Energy has seen over a third knocked off its market value today, amid problems at its wind turbine business.
Oil continues two month downturn as recession fears weigh on prices June 23, 2023 Oil prices has resumed their two-month long downturn - driven by demand concerns - with both major benchmarks sliding for a second day.
Eni and Var Energi to buy Neptune Energy in £3.9bn mega-deal June 23, 2023 Eni and Var Energi have reached an agreement to acquire oil and gas specialist Neptune Energy in a £3.9bn deal.
LME compliance chief called FCA nickel queries ‘ridiculous’ June 22, 2023 The London Metal Exchange's head of compliance described questions from the UK's markets regulator about nickel prices as "ridiculous."
Church of England to pull investment from fossil fuel companies June 22, 2023 The Church of England is pulling its investment from fossil fuel companies because they are failing to align with the Paris Agreement, the Archbishop of Canterbury has said. By the end of the year, the Church said it will have removed its £10.3 billion endowment fund from all oil and gas companies unless they are [...]
Available LME copper stocks fall to the lowest since 2021 June 22, 2023 Copper available to the market in London Metal Exchange fell to the lowest level since October 2021, data from the exchange showed.
Good Energy snaps up solar panel specialist amid record installations June 22, 2023 Good Energy has snapped up solar and storage business Wessex Eco Energy as it looks to harness record solar panel installations.
‘Totally without merit’: Judge rejects environmental challenge against Sizewell C nuclear plant June 22, 2023 The government's decision to grant development consent for the Sizewell C nuclear plant was lawful, a high court judge has ruled.
Oliver Stone on Putin, nuclear power and feeling like an outsider June 22, 2023 As we sit down to start our interview, Oliver Stone makes a point of putting his own dictaphone on the table to record our conversation. “To protect ourselves,” he says, before going on to speak non-stop for 45 minutes with absolutely no filter, on virtually any topic I raise, and quite a few I don’t. [...]
