The energy transition Chairman stated that we can’t store all the electricity being generated by wind at the moment and that wind accounted for more than 50% of the UK’s electricity generation last year and will only continue to grow along with other clean energy generation models. It’s a system and transition that the rest of tue world is/will follow IMHO. Yes fossil fuel around for many years yet but renewable clean energy generation and storage will only continue to grow. IES will take care of any funding needed at any given time and I just don’t see there being many unwilling participants to back them as they continue to make the excellent progress they’ve shown in the last year. GLA
The Energy Transitions Chairman Talking right now live on Bloomberg TV saying have to invest in storage in the UK and saying the electricity transition in UK is now unstoppable
Agree Push2, they are and will continue to manage the financials accordingly though I’m not qualified enough to say whether or not the recent 10 million loan facility was the best option to have adopted. Long term, prospects are fantastic and such sums of money will become irrelevant in the not too distant future.
Rial Mail Export Chaos after Cyber Attack19 Jan 2023 07:19
Bloomberg News Headline: Royal Mail Export Chaos Has Businesses Fuming After Cyber Attack. Just another reason to highlight the importance of any large/medium size company to have sufficient Cyber Security measures in place
Retail/e-commerce/strong consumer (particularly fashion and beauty) in the UK/US/Europe being particularly talked up and only getting stronger as the year moves forward by the CIO of GXO LOGISTICS INC on Bloomberg. THG going to smash it me tinks!! ;-)
RE: LINE OF RESISTANCE HAS BEEN HELD16 Dec 2022 16:19
Volume of trades has dropped substantially today and price barely moving so looks like the day traders have cleared off (for now). Meantime, we await the next RNS
RE: Year in Highlights BP share price15 Dec 2022 17:55
Goldman Sachs Global Head of Commodities announced on Bloomberg today that equities of Oil and metals companies will be the big winners in 2023 with potential 40% returns. Will be adding more here before the year’s out as I will in BHP also. GLA