National Grid says gas helps lift profits 4 percent
National Grid announced a 4 percent increase in half year profits, driven by a strong performance in its gas distribution business, and forecast full year results in line with its expectations.
National Grid profits up 4 percent
National Grid posted a 4 percent increase in half year profits, forecast full year results in line with its expectations and said the outlook for 2008/9 was positive.
British Energy sees H1 earnings plunge
British Energy has reported that pre-tax earnings in the first half plummeted 50 percent to £257 million due to lower electricity output.
British Energy earnings fall 49.7 percent
Nuclear power station operator British Energy posted a 49.7 percent fall in first-half earnings on Tuesday due to power station shutdowns and lower electricity output, but said it hoped for a better second half.
Oil extends decline and falls over $1 after G20 summit
Oil fell over $1 to below $56 a barrel on Monday, dropping to near its lowest in almost two years after a meeting of the Group of 20 major economies ended with few actual proposals on how they would combat a global recession.
BHP Billiton faces lost iron ore sales
Mining giant BHP Billiton is facing lost sales of up to $600 million (403 million pounds) in its iron ore business in the second half of 2008, a newspaper reported on Saturday.
Centrica says reviewing new wind farm economics
Centrica is reviewing the economic viability of planned wind farms due to soaring costs and the credit crunch, the owner of British Gas said.