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UK retains national electricity pricing, introduces strategic energy reforms. The government aims to modernise the electricity market, maintaining a unified pricing model while implementing reforms to enhance efficiency and fairness, reduce costs, and secure clean energy investments.
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Iberdrola announces €6.6 billion in sustainable finance transactions. Global energy provider Iberdrola has secured €4.1 billion for a UK wind farm and a €2.5 billion credit line linked to sustainability targets. The financing supports Iberdrola’s ongoing green investment strategy….
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WSP Global will acquire Ricardo for £363 million in cash. The deal gives shareholders a 28 percent premium and sharpens WSP’s focus on environmental and advisory growth as it targets further expansion in the UK and Europe.
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PepsiCo and Cargill launch collaboration for regenerative agriculture. The initiative aims to expand sustainable farming practices across 240,000 acres in Iowa by 2030, enhancing supply chain resilience and supporting farming communities through tailored advice and financial incentives….
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HMRC lacks data on billionaire taxpayers, MPs criticise. The Public Accounts Committee urges HMRC to enhance billionaire tax tracking, citing a need for better strategies and transparency in ensuring the ultra-wealthy contribute their fair share to public finances.
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Wagestream has acquired pensions technology provider Zippen in a move. The deal underlines the growing demand for workplace financial benefits, as Wagestream strengthens its position in employee financial wellbeing with new specialist expertise in the UK pensions market.
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The European Central Bank faces new uncertainty over U.S. trade. Bundesbank President Joachim Nagel urged “politics with a steady hand” as Trump’s sweeping tariff threat disrupts policy plans. Officials will now rerun growth forecasts ahead of the 23–24 July ECB meeting, with no immediate rate move expected.
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Brookfield and Google announce major hydroelectric power agreement. Brookfield Asset Management and Google have entered into a Hydro Framework Agreement to provide up to 3,000 MW of carbon-free hydroelectric capacity for Google’s U.S. operations. This marks the largest corporate clean power deal for hydroelectricity to date….
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UK inflation rose to 3.6 % in June. Headline inflation surprised at 3.6 % in June, the highest since January, as fuel and food prices edged higher and economists’ forecasts were left behind. Core CPI and goods inflation also picked up, complicating the outlook for Bank of England rate cuts.
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UK launches a Transition Finance Pilot to boost green finance. The initiative aims to remove regulatory barriers hindering companies from reducing carbon emissions, potentially attracting up to £200 billion in investment and reinforcing the UK’s leadership in green finance.