Thursday newspaper round-up: Energy suppliers, Tokamak Energy, RedBird IMI
By Michele Maatouk
Date: Thursday 21 Nov 2024
(Sharecast News) - Energy suppliers will spend £500m helping customers with their energy bills this winter, after the government helped broker a deal involving 12 of the biggest companies in the UK. Suppliers will spend the money in a variety of ways, including putting credit on some customers' bills, writing off the debts of others and putting credit on prepayment meters, sources told the Guardian. - Guardian
Gautam Adani, one of the world's richest men, has been indicted in New York over an alleged multi-billion-dollar scheme to pay $250m in bribes and conceal the scheme from US investors. Prosecutors charged the chair of Indian conglomerate Adani Group and two other executives of a renewable energy company with securities fraud and conspiring to commit securities and wire fraud. - Guardian
The City is sticking with its diversity push even as Wall Street investors pressure companies to cut spending on programmes branded "woke" by campaigners. According to the Investment Association, over half its members were forced to cut costs last year, but none chose to scrap diversity initiatives - in direct contrast with their US counterparts who are increasingly abandoning diversity, equity and inclusion (DEI) programmes. - Telegraph
A pioneering British nuclear fusion company has raised almost £100m and suggested it could have a pilot plant running within a decade, bringing hopes of a near-limitless source of clean electricity closer. Tokamak Energy has raised $125m (£99m) from investors including Lingotto, a fund that manages the wealth of Italy's billionaire Agnelli family and is chaired by George Osborne. - Telegraph
RedBird IMI is considering providing financial support for a sale of The Telegraph newspapers to a New York entrepreneur as he struggles to secure backing for a bid. Dovid Efune has for weeks been in exclusive talks with RedBird IMI to buy The Daily Telegraph and The Sunday Telegraph but he has been unable to secure backing for a deal from Hudson Bay Capital and Oaktree Capital. - The Times
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