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  1. September 5, 2014

    Why Woodford dumped his HSBC stake

    Renowned fund manager Neil Woodford has sold his entire position in global bank HSBC, just two months after acquiring the...

  2. August 7, 2014

    Drax shares fall after Court of Appeal ruling

    Shares in Drax Group fell by as much as a tenth on Thursday after the UK’s Court of Appeal backed the government’s right to...

Special Reports

  1. Energy

    While the US enjoys cheap gas, Europe has become a battleground of conflicting priorit...
  2. Special Report: Innovations in Energy 2013

    Businesses in the sector are rarely thought of as being among those that are driving g...
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  1. July 29, 2014

    Drax earnings fall on carbon tax increase

    Drax Group, the operator of Britain’s biggest power plant, suffered a 15 per cent drop in earnings in the first half due to...

  2. July 23, 2014

    UK energy department reverses Drax biomass decision

    The Department of Energy and Climate Change has reversed its decision to exclude Drax Group from receiving an enhanced...

  3. July 23, 2014

    Drax gains on hopes for project approval

    Clarity remains in short supply for investors in Drax, the Yorkshire power station owner. The European Commission on...

  4. July 23, 2014

    Biomass report adds to debate on power station subsidies

    Burning wood to generate electricity can produce as many of the carbon dioxide emissions responsible for climate change as a...

  5. July 15, 2014

    Drax wins appeal over biomass conversion contract

    Drax Group has won an appeal against a decision to exclude it from receiving a £1.3bn investment contract to fund the...

  6. FT Alphaville

    May 21, 2014

    Rise of the Bond villains

    - Our economy needs investors like Mr Zorin. California welcomes him with open arms. - May I quote you on that, Mr Howe? -...

  7. May 4, 2014

    Scientists attack biomass power subsidy

    Some of the most distinguished scientists in the US have written to UK energy secretary Ed Davey, urging him to abandon the...

  8. April 23, 2014

    Saga to set sail leaving AA to make roadside repairs

    Saga, the financial services and travel group focused on cruise-loving over-fifties, has lived up to its name in its voyage...

  9. FT Alphaville

    April 23, 2014

    The (early) Lunch Wrap

    Good morning New York, FT ALPHAVILLE We note a few Ukraine effects in Russia. NEWS Germany led an expansion in business...

  10. April 23, 2014

    Drax shares hit by UK subsidy move

    Shares in Drax, the UK power generator, fell more than 13 per cent after it said it was launching legal proceedings against...

  11. April 16, 2014

    UK carbon capture scheme wins €300m from EU

    Brussels is to grant €300m to a pioneering carbon capture and storage project in the UK. The move comes as the EU seeks to...

  12. February 24, 2014

    Brussels probes UK state aid for Drax power station project

    Brussels has started a preliminary investigation into whether the UK breached state aid rules when it guaranteed a £75m loan...

  13. February 18, 2014

    Carbon costs weigh on Drax

    Falls in the price of imported coal were outweighed by the scrapping of emissions allowances and a new carbon price support...

  14. December 19, 2013

    Green subsidy snub puts power station’s future in doubt

    The future of one of Britain’s largest coal-fired power stations hangs in the balance, after it was told it would not get an...

  15. December 18, 2013

    Onshore wind farms face competition for subsidies

    Onshore wind farms will have to compete with each other for state subsidies after 2015 – driving the price down further – as...

  16. December 11, 2013

    Europe’s biomorass

    Ask most people how the EU generates the growing proportion of its energy it has to produce from renewable sources and they...

  17. December 9, 2013

    Energy: Forest fuels

    Wood pellets sound harmless. In fact they are highly combustible, 100 times easier to ignite than coal. When a pile of them...

  18. December 4, 2013

    UK’s Drax power group boosted by support for biomass switch

    Shares in Drax jumped on Wednesday after the owner of Britain’s biggest electrical power station, in North Yorkshire,...

  19. November 17, 2013

    Drax powers a brighter future with biomass

    It may be good for the planet but it is explosive stuff. The feedstock behind attempts by Britain’s biggest emitter of...

  20. October 14, 2013

    Case study: biomass fuels industrial rebirth in the UK

    Ironbridge, the 18th century birthplace of the Industrial Revolution, and Drax, the UK’s biggest coal-fired power station,...

  21. September 29, 2013

    Grangemouth applies for government guarantee to convert to US shale

    Ineos, a privately owned chemicals group, has asked for an infrastructure loan guarantee from the UK government to convert...

  22. August 14, 2013

    Drax begins £700m conversion to wood pellets

    The biomass industry may be on the ropes but some big projects are moving ahead. Drax, which operates the largest coal-fired...

  23. July 29, 2013

    Shire boosted by growth hopes

    Shire led the risers in a flat London market yesterday as sector consolidation and growth hopes lifted the stock to a record...

  24. June 29, 2013

    PPF to take on UK Coal pensions

    The bulk of Britain’s coal industry is set to end up in the hands of the Pension Protection Fund with UK Coal Operations,...

  25. June 27, 2013

    Smiths Group among top UK gainers on break-up hopes

    Break-up hopes put Smiths Group among the London market’s top gainers on Thursday, with analysts arguing that the sale of...

  26. June 27, 2013

    UK has far more shale gas than previously thought

    Ministers have moved to plug Britain’s looming energy gap with a flurry of measures to encourage investment in shale gas,...

  27. June 14, 2013

    Dorothy Thompson managing shift to sustainable fuel

    Dorothy Thompson, who becomes a Commander of the British empire in the Queen’s birthday honours, is one of the few women at...

  28. June 7, 2013

    It’s not so grim up north as green shoots of growth appear

    Work has begun in Leeds on foundations for the city’s first new high-specification office block for five years. In Grimsby...

  29. May 1, 2013

    Lombard: Zombie cash-eaters highlight private equity weakness

    In a list of people deserving a second chance, private equity managers would probably vie with investment bankers for last...

  30. May 1, 2013

    Weir Group chairman confirms speculation about resignation plans

    The chairman of Weir Group has confirmed recent speculation of his departure at the year-end, as the FTSE 100 engineer...

  31. April 30, 2013

    UK Coal Operations seeks liquidation after colliery’s closure

    UK Coal Operations, the company that runs two of the last three deep pits in Britain, has warned that it is in danger of...

  32. April 26, 2013

    Shanks outperforms falling market on takeover talk

    A revival of takeover speculation helped Shanks outperform a falling London market on Friday. Shanks gained 3.3 per cent to...

  33. April 24, 2013

    Drax biomass conversion a first for Osborne infrastructure scheme

    A coal-fired power station in Yorkshire will partially be converted to run on biomass with the help of the chancellor’s...

  34. March 20, 2013

    Budget 2013: Measures disappoint construction industry

    Measures to boost infrastructure investment were dismissed as “immaterial” by industry experts, who said the government had...

  35. March 20, 2013

    Shell and Drax remain in carbon contest

    Royal Dutch Shell and the Drax power station will stay in the race for the government’s £1bn carbon capture and storage...

  36. March 8, 2013

    Government pledges Drax biomass support

    A £225m project to convert half of Britain’s biggest coal-fired power station into a biomass plant is to receive a...

  37. February 19, 2013

    UK energy policy – great gas

    There are two risks that hover over energy policy. One is that electricity gets so expensive that consumers cannot afford...

  38. February 19, 2013

    Drax presses on with switch from coal

    Drax Group said it remained on track to convert half its generating capacity from coal to wood pellets and other...

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