Germany could be forced to import energy from Britain within five years
The UK s renewable power investments mean it could become an exporter of energy to continental Europe
3 June 2021 • 4:39pm
Germany could be forced to import energy from Britain within years, according to new research, as the UK’s shift to green power takes off.
Energy generated from offshore wind farms could soon be exported to continental Europe as energy prices are forecast to rise, especially in Germany, according to S&P Global Platts.
The UK energy market is set to become “structurally longer, while the whole of western Europe is moving in another direction” said Sabrina Kernbichler, its European power analyst.
EDF warns of delays to Hinkley due to pandemic
Hinkley had been originally due to come online in 2025 when it was given the go-ahead in 2016
23 May 2021 • 6:00am
EDF has warned that the coronavirus pandemic could cause major delays to its £23bn Hinkley Point C nuclear power plant.
Talks are continuing between the French state-owned power business and British officials about potential hold-ups caused by the Covid crisis.
Hinkley’s start date has already been pushed back to June 2026 due to a six-month delay caused by the pandemic. It was originally due to come online in 2025 when it was given the go-ahead in 2016.
Royal Mail cashes in from online shopping boom
Company now generates more profits from parcels than letters
20 May 2021 • 8:58am
Royal Mail saw profits increase four-fold during the year of Covid-19, as restrictions and lockdowns led to a surge in online shopping.
Bosses revealed pre-tax profits for the year to March hit £726m - up from £180m a year earlier - with revenues up 16.6pc to £12.6bn.
The former state-owned service added that parcel revenues rose 38.7pc, offsetting a 12.5pc fall in letters being sent.
A 10p-a-share end-of-year dividend for shareholders was declared, and the company said it was confident it could keep paying out future dividends of 20p a share from next year.
Aggreko agrees £2.3bn private equity takeover
The swoop comes from a consortium led by Britain’s TDR Capital, which is buying Asda with the billionaire Issa brothers
5 March 2021 • 9:08am
Aggreko, one of the world’s largest suppliers of portable power generators, has agreed a private equity takeover worth £2.3bn.
The acquisition at 880p per share represents a substantial 39pc premium to Aggreko’s 645p closing price when the deal was first announced last month.
The swoop for the London-listed company comes from a consortium led by Britain’s TDR Capital – which is buying Asda with the billionaire Issa brothers – and Florida-headquartered infrastructure fund I Squared Capital.