Thames Water faces cash crisis warning

Thames Water’s parent company, Kemble Water Holdings, has received a caution from auditors, indicating a potential cash shortage by April if shareholders fail to inject additional funds

‘Minimal borrowing costs for oil and gas despite environmental concerns’

Oil and gas companies are facing almost no additional borrowing costs compared to less polluting businesses, according to a study by S&P Global Ratings

Thames Water to slash 300 jobs in bid to tackle £14bn debt

The water supplier is set to cut jobs, primarily in its retail and digital divisions, as part of a broader effort to enhance financial stability

EDF Energy and OVO join appeal against Ofgem’s decision

The suppliers have been granted permission by the Competition and Markets Authority to intervene in Utilita’s appeal against Ofgem’s decision to implement minimum capital requirements for energy suppliers

Climate crisis incurs $16m per hour in extreme damage

A study reveals extensive financial losses of approximately $2.8 trillion from extreme weather damage due to the climate crisis, impacting around 1.2 billion people between 2000 and 2019

‘UK seeks financial backing from banks for North Sea oil projects’

Major financial institutions, including Barclays, Lloyds, NatWest have reportedly been invited by the Treasury for discussions aimed at revitalising investments in North Sea oil and gas ventures

Heat pump to slash Lloyds Banking Group’s carbon emissions

Mitie’s collaboration with Lloyds Banking Group sees the introduction of a heat pump that is predicted to drastically reduce the bank’s carbon footprint

Macquarie pumps £550m into Southern Water

Macquarie has raised its ownership in Southern Water to over 75%

Ofgem mandates energy suppliers to hold cash reserves

The measure aims to enhance industry resilience against market shocks and supplier failures

UK’s largest CO2 supplier to permanently close ammonia plant

CF Fertilisers plans to permanently close its ammonia plant at the Billingham Complex to “ensure the long-term sustainability of its business in the UK”