Pennon Water hikes dividend and capital spending plans despite profit slump November 29, 2023 Pennon Water reported a 90 per cent drop in profit this morning but hiked its dividend as management remained confident about the group's outlook.
Harbour Energy continues to boost global footprint while targeting ‘material shareholder returns’ November 29, 2023 Harbour Energy has announced today it's targeting free cash flow of $1bn (£800m) in its current financial year.
Government ‘mixed messages’ put financial sector green progress at risk, MPs warn November 29, 2023 The financial sector’s progress towards net zero risks stalling due to “mixed messages” from the government on green issues, a group of MPs have warned.
UK faces ‘critical bottleneck’ on skilled jobs ahead of green transition November 28, 2023 The UK faces a “critical bottleneck” on skilled infrastructure jobs ahead of the green transition, an energy firm has warned.
Shell’s floating LNG plant to restart next month November 28, 2023 Shell is set to restart export operations at its giant floating LNG facility in Australia next month following an extended closure.
Scottish Power owner to invest £12bn in Britain to support green energy and offshore wind November 27, 2023 Spain's renewable energy giant Iberdrola has announced plans to invest nearly £12bn in Britain through 2028 in grids and green energy projects.
China takes aim at ‘illegal activities’ in the iron ore market November 27, 2023 The price of iron ore fell 1.2 per cent on Monday morning, to £104.67 ($132.20) per tonne, bringing to a halt five weeks of gains after Chinese officials warned the country may intervene in the market. The National Development and Reform Commission (NDRC) said on Friday it had met with major port operators to discuss [...]
Octopus boosts renewable capacity ahead of Shell Energy deal November 27, 2023 For an undisclosed fee, Octopus Energy has bought into Ørsted’s Walney Extension wind farm, the eighth largest in the world. The generation arm of the energy supplier has taken a 12.5 per cent stake in the Irish Sea project, which was built in 2018. The project has 87 turbines with a generation capacity of 660 [...]
Small business lobby calls on Ofgem for more support as winter bites November 27, 2023 The Federation of Small Businesses (FSB) has called on Ofgem to make changes as small businesses are still battling high utility bills despite the fall in October's energy price cap.
Global scramble for Uranium spells trouble for UK’s nuclear plans November 27, 2023 City PM’s energy editor Rhodri Morgan delves into the sector’s challenges in his weekly column. The global rush for Uranium, and the consequential price spike, could pose a major headache for the UK’s nuclear power ambitions. Nuclear power currently provides about 10 per cent of the world’s electricity. And, despite this relatively small market share, [...]
