Energy bills are set to fall for millions of households in Britain this winter, after the country’s energy regulator told suppliers to reduce bills by 6% from October, following a drop in wholesale gas and power prices this year.
The entry of Spanish utility Iberdrola to the Irish market is expected to put downward pressure on Irish electricity prices, which still rank above the European average.
One of the world's largest utility companies has become the latest supplier to enter Ireland's residential-energy market.
Consulting engineering and environmental scientists Fehily Timoney and Company (FT) has acquired Applied Ground Engineering Consultant’s (AGEC) services for an undisclosed sum.
Energy firm SSE said it would cut jobs in its customer service and metering teams in Britain as the company faces a perfect storm of stiff competition, higher costs and a cap on how much it can charge.
Britain’s regulator proposed a price cap on default energy bills to save households about a £1bn (€1.1bn) a year and aims to implement it in time for winter following a UK government promise to tackle “rip-off” prices.
The UK’s Jeremy Corbyn may have found a way to make good on his pledge to nationalise the British energy industry without spending almost €140bn buying up the six biggest utilities, writes Rachel Morison
SSE and the owner of Npower have reached an agreement to merge their operations to create a new energy supplier in the UK.
Energy supplier SSE and the owner of Npower are in talks about combining their operations to create a new company in the UK.
Centrica shares plunged to their lowest level since 2003 as the UK government plans to publish a draft law as early as next week to cap household energy prices.
Spanish stocks dropped after elections on Sunday left no clear winner, signalling weeks of political instability ahead.
As recession bites, enticing golf’s big names is a luxury Spain can no longer afford, says David Henry
The London market sunk deeper into the red today after further falls in commodity prices hit traders' confidence.
THE potential tangible benefits of a successful wind energy sector were unveiled yesterday, with experts estimating 60,000 jobs could be created as part of its development.
IRISH exploration company Petroceltic has conditionally raised $120.5 million (€89.6m) in fresh funding by way of a share placing, in order to fund its international drilling programme planned for the second half of this year.
IRISH oil and gas exploration company Petroceltic has raised $40 million (€30.2m) through a share placing to help fund its drilling plans in North Africa and the development of its exploration activities in Italy.
The auction of nuclear power firm British Energy suffered a blow today after it emerged one of the potential suitors had pulled out of the running.
Nuclear power firm British Energy today dismissed a series of takeover approaches as not “representing shareholder value”.
The London market endured a turbulent start to the week today as bank shares came under pressure following a profits warning from lender Bradford & Bingley.
French industrial group Suez confirmed today it was no longer involved in talks over a possible bid for UK nuclear power provider British Energy.
An environmental group said radioactive contamination has been found outside a nuclear power station on the banks of a major river in Spain.
British Energy shares jumped ahead today after it was reported the board of French energy giant EDF had given the green light for a takeover bid.
Scottish Power today became the latest energy supplier to announce inflation-busting price rises.
FRENCH stocks gained yesterday, led by Electricite de France after speculation that the region’s biggest power generator may be planning to bid for Iberdrola, Spain’s second-largest utility.
A takeover bid for Scottish Power and the dramatic appointment of a new boss at ITV failed to lift the London market today as a weakening US dollar continued to take its toll.
Scottish Power agreed to be taken over by Spain’s Iberdrola today in a €17.1bn move to create Europe’s third largest utility company.
The FTSE 100 Index halted its recent slide today as investors clung to hopes that the market was over the worst of its dollar-led worries.
A raft of corporate activity failed to excite investors in London as the FTSE 100 Index gave up early gains to drift into the red.
The London market gave up its early gains today as a busy corporate calendar failed to excite traders.
A day of frenzied takeover speculation failed to spark the London market as falling metal prices took their toll on the big mining stocks.
A number of takeover developments kept investors on their toes during a solid start to the week for the London market.
Scottish Power shares made fresh gains today amid speculation that a Spanish company could be about to offer £12bn (€17.8bn) for the energy supplier.
Share prices extended their losses in late afternoon trade, dragged down by Wall Street, while Union Fenosa and Sogecable underperformed on debt and liquidity concerns, dealers said.
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