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Energy

  • Octopus Energy closes in on Shell deal as Big Six dominates the market

    August 28, 2023

    Octopus Energy is closing in on a deal to snap up Shell's household energy business - which could be finalised as soon as this autumn.

  • Miner issues: Fortescue Metals chief steps down after three-year low in profits

    August 28, 2023

    The boss of Fortescue Metals has resigned just six months after taking the top job, with the iron ore miner posting a steep decline in profits.

  • Brits braced for high winter energy bills as Ofgem cuts price cap slightly

    August 25, 2023

    Energy bills will remain high this winter and above normal levels, despite watchdog Ofgem confirming a minor reduction in the price cap.

  • Gas prices tumble after Woodside LNG workers shelve strike plan

    August 24, 2023

    Gas prices dropped across Europe's major benchmarks today as the prospect of strikes at some of Australia's major LNG plants eased.

  • Harbour Energy confirms losses as UK windfall tax takes its toll

    August 24, 2023

    Harbour Energy has suffered a billion dollar swing in its balance sheet, posting an $8m loss - weighed down by the UK windfall tax.

  • Don’t expect energy bills to return to normal this decade, warns Cornwall Insight

    August 23, 2023

    Energy bills are unlikely to revert to normal levels by the end of the decade, Cornwall Insight has warned ahead of the latest price cap reveal.

  • UK offers Ukraine nuclear fuel boost through £192m deal with Urenco

    August 23, 2023

    The government will provide a £192m loan guarantee through the UK's export credit agency to help power Ukraine's nuclear fleet.

  • Ofgem’s Morgan Stanley Whatsapp fine – a one-off or a sign of things to come?

    August 23, 2023

    Troubled energy firms have been in the crosshairs of Ofgem this year, but now the regulator is targeting banks using Whats App - here's why.

  • Energy industry calls for clampdown on brokers as businesses brace for winter

    August 23, 2023

    The role of brokers in the business supplier market is in urgent need of regulation to protect companies from high prices this winter, an industry body has warned.

  • Ithaca Energy announces fresh shareholder payout after £175m windfall tax hit

    August 23, 2023

    Ithaca Energy has announced fresh dividend payments for shareholders in its half-year trading update, despite a hefty windfall tax hit.

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