Hints and tips:
Related Special Reports
...Glencore declined to comment on the letter....
...Thames Water, which has 16mn customers, equivalent to a quarter of the UK’s population, said more than 30 per cent of its network was not mapped....
...Britain’s two remaining blast furnace operators have long warned they need help to cover the costly shift towards less energy intensive forms of steelmaking....
...After a co-ordinated international investigation, the Swiss company agreed to plead guilty to a series of charges in return for paying $1bn in fines and forfeitures in the US, £280mn in the UK and $40mn...
...location away from the UK to secure a higher valuation....
...The UK should be less of an issue although the Competition and Markets Authority does not comment on deals until there is a formal announcement....
...The mismanaged budgeting is a blow to Glencore, which holds 17.7 per cent of the company’s shares and is entitled to future supply from the mine for 10 years....
...Its 5 times multiple of forward ebitda, before BHP’s approach, was about 15 per cent below BHP and Glencore, and 40 per cent under US-listed Freeport-McMoRan....
...BHP has until May 22 to make a formal approach under UK takeover rules....
...“We have moved quickly after the acquisition by Eni of Neptune Energy to transform our competitive position in the UK,” he added....
...“The Glencore case probably needs to be put back in context....
...the silvery metal surged 17 per cent year-on-year in 2023, flooding the market as global demand growth for electric vehicles sharply decelerated, according to an annual review by Darton Commodities, a UK-based...
...The metal is heavily used in renewable energy projects and electric vehicles....
...This shift will have major ramifications for both the auto industry and the energy sector.”...
...Bluebell, a London-based hedge fund that previously took on Danone and Glencore, wrote to BP chair Helge Lund in October shortly after acquiring a small stake in the London-listed energy major....
...Sellafield Ltd, which is owned by the UK’s Nuclear Decommissioning Authority, is in charge of cleaning up and looking after the Sellafield nuclear waste facility in West Cumbria, north-west England....
...Last month it agreed to acquire UK-based Greenergy, one of Europe’s largest suppliers of biofuels....
...One top-15 shareholder said that, at the current offer price, a proposed takeover had implications for the wider UK stock market....
...Under President Joe Biden, the country has designated $369bn for clean energy incentives and reduced inflation by lowering energy costs, PwC’s report highlighted....
...London should ditch aspirations to be a global centre for technology company listings and instead focus on reversing the flight of mining groups to Australia and Canada, says the head of a UK private equity...
...About 14 per cent of the UK’s power was supplied by nuclear plants in 2022....
...Shouting matches between utility companies and regulators are common in the UK....
...Starling Bank has poached energy supplier Ovo’s chief executive, Raman Bhatia, to lead the London-based digital lender in its next stage of growth towards a potential public listing, following the departure...
...“The government wants to use the regulated asset base model to fund everything from Sizewell C [nuclear power plant] to the energy transition,” said one adviser close to the negotiations at Thames Water....
...Talksport Ltd — which owns Times Radio, Virgin Radio, Talksport and Talkradio — reported a profit of £8.6mn....
International Edition