The boss of BP has said that switching the energy giant’s listing from London to New York is “not on the agenda”, despite the FTSE 100 group’s valuation trailing that of American peers. Murray Auchincloss insisted that London was still the right home for BP, in response to speculation that the oil and gas group…

A court has signed off 124 warrants for Scottish Power to force-fit prepayment meters in customers’ homes even though the firm has not yet proved to the energy regulator that it is adhering to new rules to protect the vulnerable. In a pilot case, a debt collection agency, Richburns, appeared yesterday by video link at…

Next year’s auction of wind power projects will be make or break for the UK’s goal of hitting net zero by the middle of the century, energy bosses have warned, after the failure of last week’s auction to attract a single bid. Keith Anderson, chief executive of Scottish Power, said the pressure was on next…

Plans for a wind farm in the Scottish Borders have been refused due to its detrimental impact on the landscape. The 45-turbine project, sited along the A7 between Langholm and Teviothead in Dumfries and Galloway, would have powered 325,000 homes, the developers said. After a public inquiry the Scottish government rejected the wind farm due…

If anyone was in any doubt about the mountainous task facing National Grid, it was made all too clear today. According to John Pettigrew, the chief executive of National Grid, Britain is “at the foothills of the energy transition” and the company is facing the challenge of future-proofing the nation’s power network. Hence its vast…

The government has released £13.5 million of “emergency” funding to support supply chain businesses and workers affected by Tata Steel’s plans to restructure its UK steel operations. The funds are the first to be provided by a transition board for Port Talbot in South Wales, where the Indian-owned company is closing its two blast furnaces…

Flutter Entertainment is speeding up the pace of acquisitions after entering talks over a potential £2 billion purchase of Playtech’s Italian operations. It emerged this week that the Paddy Power and Betfair owner had kicked off discussions over an estimated £1 billion takeover of Betnacional, Brazil’s fifth-biggest gambling operator. In recent weeks Flutter has also…

That’s the stock market for you. Put UK companies in its big cement mixer and out can come some weird looking stuff. Take this for example: an outfit lucky enough to be turning business away whose core operations are valued at pretty much zip. How does that stack up? It’s the riddle of Balfour Beatty:…

No new offshore wind farms are expected to have been bid for in a government auction this week, in a significant blow to the government’s clean energy ambitions. Ministers are scheduled to announce tomorrow the winners in their annual auction of financial support contracts for renewable energy projects. A number of sources have told The…