Centrica is undertaking a trial to develop a local energy market in Cornwall, which will see the development of a virtual marketplace and the installation of new technology into over 150 homes and businesses. Over the next three years, Centrica’s Distributed Energy and Power business will work with renewable generators, local businesses and other large…
Large companies will be required to publish details on how quickly they pay their suppliers, under draft regulations set out by small business minister, Margot James. Coming into force from April 2017, a “duty to report” will require large companies and limited liability partnerships (LLPs) to publicly report twice yearly on their payment practices and…
Siemens has officially opened a new rotor blade factory for offshore wind turbines in Hull. The site at Alexandra Docks has been transformed from a derelict industrial wasteland to a high-tech manufacturing hub and shipping to the first offshore wind project is expected in early 2017. “Our new factory in Hull which we are today…
RBS has failed the Bank of England’s latest stress test which was based on the group’s balance sheet as at 31st December 2015. The bank has responded saying that it has taken a number of actions since the end of last year, such as the run-down of Capital Resolution risk-weighted assets (reduced by £10.4 billion…