Centric

Hydrogen Economy

Centrica aims to develop a “UK hydrogen economy”

Energy giant Centrica and Ryze Hydrogen will jointly build and operate hydrogen production facilities aimed at providing a reliable supply of hydrogen for industry and transportation, the companies told City AM this morning. A memorandum of understanding has been signed which will combine expertise to kick-start the development of a so-called “UK hydrogen economy”, targeting …

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London markets plunge amid rising European inflation data

London markets plunge amid rising European inflation data

L Shares of ondon fell after trading in Europe was hit by runaway inflation across the continent. The FTSE 100 was also impacted by falling shares of banking companies after the disappointment of the latest quarterly figures from NatWest. The upper index ended the day down 26.02 points, or 0.37%, at 7,047.67. Michael Hewson, chief …

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Bank of England pushes £40bn to stop another 'Lehman moment'

Bank of England pushes £40bn to stop another ‘Lehman moment’

Germany was forced to nationalize gas importer Uniper, pumping around $29 billion into the business. The Danish, Finnish and Swedish governments also guarantee loans against collateral, under programs worth around $10 billion to $24 billion each. Under the UK scheme, the Bank of England will provide a 100% guarantee on “additional loans” to energy companies, …

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