AML, SED, CWR: Stocks to eye as UK car production improves after a year

Highlights  The global biomass heating market is set for ‘pronounced growth’ during the period between 2021 and 2028. Drax, biomass focused power generation business, was named as a key player in the sector by the report. The ...

Highlights Energy regulator Ofgem has said that the energy market requires quick reforms. The move came after it faced criticism after more than 20 energy suppliers went bust. The UK had earlier unveiled a hydrogen strategy to help decarbonise...

Highlights Defence contractor Babcock’s shares jumped 2 per cent after the company returned to profit in HY21.The statutory half year 2021 (HY 2021) operating profit stood at £75.4 million, reversing from an operating loss of £...

Highlights Ben Broadbent, the deputy governor at the Bank of England (BoE), cautioned that inflation could rise to over 5 per cent by spring 2022 due to soaring gas and electricity bills. The rise could potentially come as the energy regulator ...

Highlights  A SIPRI report found that the top 100 weapons manufacturers in the world posted profit growth of 1.3 per cent in 2020 on a yearly basis. Arms manufacturers were mostly protected by sustained government demand for military goods...

Highlights  Private equity focused investment trust Electra Private Equity said on Thursday that it would soon begin the formal process of moving from the LSE’s main market to AIM. The company aims to rebrand to a digital lifestyle p...

Highlights  UK’s Labour shadow Treasury minister, James Murray called on making energy bills VAT free to help people get through a difficult winter period. Drax group reported new targets for its pellet production and biomass sales. ...

Highlights Over 20 UK energy suppliers have collapsed in the last 12 weeks since the energy crisis started in August. Energy regulator Ofgem has pledged to introduce more stringent stress tests for energy suppliers to determine if they are capa...

Highlights EDF, a French utility company, and German energy group RWE inked a PPA wherein EDF will purchase all of RWE’s offshore wind energy from planned project Sofia. Sofia is expected to produce about 6.5 TWh per annum of wind energy ...

Highlights Wise’s shares surged after the group upped its FY 2022 revenue growth forecast. Wise’s gross profit during the period rose by 46 per cent to £173.8 million on a year-on-year basis. The company estimates its FY 2022...