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Energy suppliers have given heat pumps a fresh vote of confidence despite calls from backbench Conservative MPs to slow down the shift from heating systems…
United States Steel Corporation, one of the most iconic American steelmakers, rejected a takeover bid from rival Cleveland-Cliffs Inc. that would have formed one of…
The price of gold has weakened in the face of a strong US dollar, with investor sentiment shifting away from the precious metal as hopes…
The UK economy grew faster than expected in June, and expanded 0.5 per cent, helping to bring growth in the second quarter to 0.2 per…
As late as the mid-noughties, it was almost inconceivable to marry together the idea of generating a positive ‘impact’ on the planet or society while…
It’s been eight years since world leaders came together in Paris and pledged to reduce emissions to net zero by 2050. Eight years of being…
China’s already “tortuous” recovery from the Covid pandemic continued to stall today as fresh data indicated that domestic demand remained depressed. Figures out this morning…
Siemens Energy on Monday said problems recently unveiled at its wind turbine unit would cost it £1.9bn (€2.2bn), well short of worst-case estimates but still…
Glencore suffered a sharp drop in pre-tax profits in the first six months of trading this year as the boom in commodity prices finally eased.…
Households near new energy projects should be offered lump sum payments to boost community approval of needed infrastructure and ensure the rollout of new electricity…
The chair of a leading Westminster panel has vowed to investigate reports Drax has been switching off one of its biomass units to reduce pay-outs…
International supply chains were stretched by a combination of ports suddenly closing at short notice due to virus outbreaks, workers being forced to stay at…
Downing Street’s latest energy announcements this morning will not lead to a reversal in the controversial windfall tax, despite industry hopes of it being softened…
Drax has confirmed talks are still ongoing with the UK government over its multibillion pound plans to develop carbon capture and storage facilities at its…
British Gas has posted record profits, fuelled by Ofgem’s lucrative allowances in the energy price cap, with the household energy giant reporting a near ten-fold…
Ofgem has announced toughened capital requirements for suppliers, as it looks to shore up the industry’s finances following the volatility of soaring gas prices last…
Rolls-Royce shares skyrocketed more than 20 per cent this morning after it raised its full year profit guidance on the back of a boom in…
Ofgem has imposed a hefty £9.78m penalty on SSE Generation for securing excessive payments from the UK’s electricity system operator, which was in breach of…
Ovo Group (Ovo) shareholders have raised their stakes in the company in transactions worth £200m, which has been announced the same day the company revealed…
Glencore saw its output in copper, zinc, lead and nickel dip this morning as it struggled with a downturn in production but said it expects…