Octopus valuation jumped 60 per cent since 2021 as it launches fresh funding round December 18, 2023 Octopus announced it would inject an additional £625m funds from its shareholders, as it continues to establish itself as one of Britain’s so-called ‘big six’ energy firms.
Renewable infrastructure investment trusts are facing a perfect storm, but what’s next for the sector? December 18, 2023 Green stocks are still out of fashion - but they’re vital to Britain’s net zero ambitions comments City PM's energy editor Rhodri Morgan.
Energy bills to rise further to help suppliers pay off bad debts December 15, 2023 Ofgem said it is proposing a one-off price cap adjustment of £16, equivalent to around £1.33 a month, to be paid between April 2024 and March 2025.
TalkTalk buys Shell UK’s former broadband customers in Octopus Energy deal December 14, 2023 TalkTalk will gain the retail margin from the new additions, but will not get a wider customer base as the company already serves the former Shell customers through its wholesale platform, Sky reported.
Battery firm Gore Street feels bite of investment cooldown as profits plunge December 14, 2023 The battery energy storage firm has struggled with NAV and profit slumps since March
Thames Water appoints new £850,000 boss in attempt to turn tide December 14, 2023 Thames Water has a new boss, Chris Weston, as it attempts to turn the page on a miserable few years
Disgraced BP chief Looney misses out on £32m pay package after ‘serious misconduct’ December 13, 2023 Former BP chief executive Bernard Looney will not receive a £32.4m salary and bonuses package after "serious misconduct".
Should oil nations bankroll hydrogen car racing? The sport’s boss says ‘it is the only way’ December 13, 2023 Oil nations bankrolling hydrogen car racing is "the perfect metaphor of how the future is going," the sport's boss told City PM
Thames Water: We can’t pay our debts – our bills are too low December 12, 2023 Thames Water is set to plead with lenders to extend the collection date of a £190m loan that it currently cannot pay back.
UK’s waste-to-energy leader readies £800m carbon capture expansion December 11, 2023 The UK's largest waste-to-energy firm has announced it will invest £800m into the divisive area of carbon capture technology.
