Energy & Power news
Latest breaking stories, features and analysis
BP expects to reduce net debt to £25.26 billion sooner than expected
- BP expects to reduce net debt to £25.26 billion sooner than expected.
- The oil and gas firm valued disposals proceeds at £3.39 billion in Q1.
- BP shares opened just under 2% up in the stock market on Tuesday.
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Enel stock price gains nearly 5% this week on interest from Wren House
Shares of Enel S.p.A. (ETR: ENL) have continued their impressive recovery this week, boosted by interest from the global investment fund Wren House. Enel stock price has gained nearly 5% this week to almost completely erase the coronavirus-related losses. Fundamental analysis: Open Fiber attracts attention Enel Group, the Italian…
July 17, 2020
E.ON stock price slides after selling Innogy’s Czech retail business
Shares of E.ON SE (EBR: EON), the Germany-based electric utility giant, slid 1% on Monday after the firm agreed to sell its Innogy SE’s entire electricity and gas retail business in the Czech Republic. Fundamental analysis: Deal to be completed this year E.ON SE has agreed to sell Innogy’s electricity…
July 13, 2020
National Grid stock price drops 6% on “disappointment” with Ofgem’s plan
Shares of National Grid (LON: NG.) have plunged 6% today following the U.K. energy regulator Ofgem’s new price-control and investment plans. As a result, National Grid stock price now trades at a 3-month low. Fundamental analysis: National Grid “extremely disappointed” by Ofgem’s plan Ofgem, the U.K. energy regulator, has…
July 9, 2020
RWE price surges 14% in May on a ‘good start’ to the year
Shares of RWE AG (ETR: RWE) surged nearly 14% in May to trade at a 3-month high. Earlier this month, the Germany-based energy giant said it got off to a “good start” to the year, despite the coronavirus pandemic. Fundamental analysis: RWE executes well, rival companies take legal action…
May 30, 2020