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Car production in Britain fell slightly in January as thousands continued the shift towards electric vehicles which experienced a near 50 percent increase. Despite global economic instability,…
Power generation firm Drax is the latest winner from the energy price crisis, with its earnings up 84 percent in the last 12 months to…
Interest rates in the UK will have to keep rising to prevent inflation sticking around for too long, a member of the Bank of England’s…
Rolls Royce, the British aero-engine manufacturer, unveiled profits of £652m in 2022, £238m higher than the previous year. The increase, which was driven by its civil…
MPs are piling pressure on the government to compete with rival markets for green investment, amid growing concerns the UK could lose out to the…
Households face a hefty hike to their energy bills in April, predicts Cornwall Insight, after it warned that the price cap would not fall below…
The world’s largest mining company BHP Group (BHP) has suffered a heavy decline in profits, following a dip in iron ore prices and heavy pandemic…
The mammoth profits of the world’s oil and gas giants will pass £200bn when Saudi Aramco unveil their record results next month – with the…
Moscow’s trade partners have increasingly paid more for Russian crude than quoted prices suggest, Goldman Sachs said in a note, cushioning Russia from the impact…
For 65 years, nuclear power has been an integral part of the UK’s electricity system, providing low carbon and reliable power to UK homes, public…
EDF UK has raked in hefty profits, with soaring electricity prices powering its rebound from last year’s losses. The French energy giant’s UK arm recorded…
Glencore will hand out over £5.8bn ($7bn) to shareholders in dividends and buybacks after the commodities giant posted another period of bumper revenues and profits…
US inflation eased for the seventh month in a row in January, but the pace of decline is beginning to level off, official figures out…
Onshore wind developments have dropped sharply since 2016, when former Prime Minister David Cameron pushed through new restrictions – which meant wind farm developers had…
Britain’s pubs are at “breaking point,” hospitality chiefs have warned after new figures reveal that the number of pub and bar insolvencies has risen 83…
European countries have forked out over £700bn (€792bn) to shield businesses and households from soaring gas prices since the start of the energy crisis, according…
Lyft is trailing behind competitor Uber as disappointing forecasts have caused investors to lose confidence. Shares in the ride-hailing company dropped more than 30 percent…
Despite continued rate rises from the US Federal Reserve, gold prices are recovering as other central banks around the world buy up the precious metal…
National Grid stood down its order for two coal power plant units to be warmed up yesterday evening, easing concerns of a supply crunch…
BP has scaled back its climate ambitions, easing plans to slash the amount of oil and gas it produces over the current decade to meet…