Greg Jackson spins off Octopus’ tech arm Kraken after $1bn injection Investing Octopus Energy Group has spun off its technology arm, Kraken, following its first standalone investment round. The fresh funding round for Kraken was led by global investment giant D1 Capital Partners, with new investors including Fidelity International, Durable Capital Partners and Ontario Teachers’ Pension Plan Board. Kraken – which is an AI-powered platform now contracted [...]
Budget: Octopus boss Greg Jackson hails cuts to energy bills Energy Octopus Energy boss Greg Jackson has hailed the cuts to energy bills announced in today’s Budget, as the Chancellor slashed multiple renewable levies. Jackson welcomed the energy bill cuts as a “positive step” as Rachel Reeves described energy costs as “one of the greatest drivers of the rising cost of living”. Reeves said she will scrap [...]
Pisces rival claims LSE venue won’t give firms enough trading volume Markets The London Stock Exchange’s plan to let private companies trade shares just twice a year on a new private stock market will not offer firms or investors enough trading volume, according to the boss of a rival platform that hopes to launch next month. Mike McCudden, chief executive of private shares platform JP Jenkins, told [...]
London Stock Exchange gets go-ahead to run Pisces private stock market August 26, 2025 The Financial Conduct Authority has given the London Stock Exchange the green light to operate a new Pisces private stock market, clearing the path for the market’s launch later this year. The City watchdog confirmed on Tuesday that London’s flagship stock exchange had become the first operator to receive approval to run Pisces – a [...]
Octopus heat pump ad claim row boils over July 30, 2025 A war of words has erupted between energy providers after an Octopus Energy advert was banned for claiming that households could have a heat pump installed for as little as £500. The Advertising Standards Authority (ASA) upheld a complaint against the Greg Jackson-run energy giant, ruling that not enough customers were eligible for the £500 [...]
Ed Miliband rules out zonal energy pricing July 10, 2025 The UK government has ruled out the introduction of a zonal energy pricing system that would have seen regions closer to renewable energy sources likelier to see lower prices. Ed Miliband’s Department for Energy Security and Net Zero has opted to reform the existing system by reviewing the way transmission charges work and incentivising the [...]
Octopus Money CEO: Cash ISA saving can be ‘over-comforting’ June 5, 2025 Saving into cash ISAs can lead investors to become “over-comforted” with their financial situation, despite likely better choices, the CEO of Octopus Money has said. Speaking to City AM, Ruth Handcock argued that the fact that 92 per cent of Brits do not receive financial advice was “the biggest unsolved problem in financial services”. “It [...]
Mark Kleinman: Fintech Growth Fund’s journey ends in Octopus’s tentacles April 24, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Fintech Growth Fund’s journey ends in Octopus’s tentacles It could scarcely have augured more favourably. An investment fund whose creation was recommended by the City grandee Sir Ron Kalifa in his 2021 review of the UK [...]
UK sale of collapsed Bulb to Octopus under microscope in legal battle January 21, 2025 The UK government's sale of collapsed energy firm Bulb is at the centre of focus of an appeal today as British Gas and E.ON seek a judicial review on the deal
Rolls-Royce chair and Octopus founder named among industrial strategy panel December 17, 2024 Octopus founder Greg Jackson, Rolls-Royce chair Dame Anita Frew and former Tory business secretary Greg Clark are among the heavyweight names appointed to a new Industrial Strategy Advisory Council, launched by the government on Tuesday to help stimulate growth. The panel, which also includes private sector top dogs like Prudential chair Baroness Shriti Vadera and [...]