Miliband’s policies have already damaged Britain’s economy October 13, 2013 EVERY so often, financial markets spectacularly misjudge an issue. One such blunder took place immediately after Ed Miliband announced his policy to freeze gas and electricity prices for the first 18 months of a Labour government. Instead of heading for the exits, investors sat on their hands. Shares barely fell that first afternoon, despite extensive [...]
Miliband’s policies have already damaged Britain’s economy October 14, 2013 EVERY so often, financial markets spectacularly misjudge an issue. One such blunder took place immediately after Ed Miliband announced his policy to freeze gas and electricity prices for the first 18 months of a Labour government. Instead of heading for the exits, investors sat on their hands. Shares barely fell that first afternoon, despite extensive [...]
GDF Suez joins search for shale gas in Britain October 22, 2013 GDF SUEZ has bought into the prospect of fracking in Britain, spending $39m (£24m) on exploring Dart Energy’s licences in the Bowland Basin. The French firm is taking a 25 per cent stake in Dart’s 13 licences, as well as putting money towards drilling costs as the companies look for commercially viable deposits of natural [...]
French GDF Suez jumps on UK shale bandwagon October 22, 2013 GDF Suez E&P UK (GDF) – the UK arm of French energy giant GDF Suez – has become the second utility firm to buy into British shale gas after buying a 25 per cent interest in UK onshore projects. (Release) GDF will work with Dart Energy on 13 of its UK licenses, the latter said [...]
London Report: Yellen’s dovish tone helps FTSE 100 to rebound November 14, 2013 TOP shares rebounded yesterday, led higher by energy stocks after the Federal Reserve’s Janet Yellen eased worries the US central bank may start scaling back its stimulus programme this year. Yellen, in remarks released ahead of the Senate hearing yesterday to confirm her as new Fed chair, said the central bank had “more work to [...]
Centrica set to name US head British Gas boss February 14, 2013 A NEW head of British Gas is set to be installed by parent company Centrica as soon as today, with the firm’s US executive Chris Weston widely tipped to be taking over, it emerged last night. Weston is currently head of Centrica’s US gas retail business Direct Energy. He is set to replace outgoing managing [...]
SSE shares edge up as it commits to dividend rise September 30, 2013 SSE’s shares rose slightly yesterday, after the energy supplier reassured investors that it would be increasing its dividend this year. The FTSE 100 firm’s shares plummeted last week, wiping £1.15bn off its value, after Labour leader Ed Miliband proposed to freeze energy bills until 2017 if elected. In yesterday’s trading update, the big six energy [...]
Npower defends plan to increase bills by 10.4pc October 21, 2013 NPOWER yesterday became the third of the big six suppliers to raise its energy prices, as it unveiled a 10.4 per cent increase to the average gas and electricity bill. The price hike will take effect from 1 December and equates to an extra £137 per year for dual fuel customers. The energy firm’s increase [...]
Centrica pulls out of UK new nuclear plans February 4, 2013 BRITISH GAS owner Centrica yesterday pulled out of plans to build up to four new nuclear power stations in collaboration with EDF, blaming rising costs and the construction timetable slipping. Centrica has spent around £200m on the project, which will be written off in this year’s results. EDF is in discussions with a number of [...]
Huge subsidies to kickstart new UK nuclear plant October 20, 2013 A DEAL to build Britain’s first nuclear power station for two decades is expected to be revealed today after a year of negotiations over subsidies to be paid to the operators. French energy firm EDF and the Department for Energy and Climate Change (DECC) will host the unveiling of Hinkley Point C today. EDF’s long-time [...]