Brussels links UK access to ‘Made in EU’ support with tougher China policy
The EU has reportedly told the UK that favourable treatment under its industrial policy will require closer alignment on Chinese imports, particularly cars. No tariff decision or UK-EU agreement has been announced; the exchange is… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Genel moves into pole position for Capricorn as DNO declares offer final
Genel has raised its recommended offer for Capricorn to $5.74 a share, valuing the company at about $436 million. DNO said on 28 September that its competing $5.214 offer is final and will not be increased. Genel now has the stronger commercial position, but completion remains subject to an Egyptian condition and the mechanics of […]
Bank of England rate rise pressure builds as energy shock persists
Two deputy governors who voted to hold rates in September have signalled that persistent energy inflation could change their position. The Bank now expects inflation to reach about 4.2% in early 2027, while household energy bills are projected to exceed £2,000. For energy investors, the shock is becoming a financing issue as well as a […]
Hunterston battery reaches financial close with BP-backed revenue structure
Revera Energy has closed financing and issued notice to proceed for its 400 MW / 800 MWh Hunterston battery in North Ayrshire. Non-recourse lending was supported by a BP tolling arrangement and a separate revenue… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
US cuts fuel economy target and dismantles EV compliance incentives
The Trump administration’s final ruling lowers the 2031 regulatory fleet average from roughly 50.4 miles/gallon to 34.9 miles/gallon. Inter-manufacturer credit trading will end from model year 2028, removing an important source of revenue for EV-focused manufacturers. NHTSA claims the rule will cut vehicle prices, but its analysis indicates an additional 122bn gallons of petrol could […]