CAPEX

​National Grid is celebrating a reduction in the impact of COVID-19 on its underlying operating profits in a year with strong operational performance and the "transformational" acquisition of Western Power Distribution (WPD).

O&G major Shell is to slash its cost base in response to the growing COVID-19 crisis and economic uncertainty.

Company spending on low carbon investment in Europe hit €124 billion in 2019, but the UK is faltering with just 3% of that investment.