Energy news from the FT:
- Peter Hambro Mining moves to LSE
PHM shares rose 3 per cent to 535p on the first day
- TNK-BP bids for minority stake in Sibir Energy
Analysts said it was not yet clear whether TNK-BP would wind a controlling stake
- RWE chairman announces surprise departure
Thomas Fischer said he plans to step aside due to personal reasons
- Iberdrola profits fall 34 per cent
Spain’s biggest electricity utility due to weaker prices and demand
Energy news from the FT Budget:
- Carbon budget seeks green job boost
Critics say plan fails to ensure assistance for businesses to meet targets
- Fuel increases draw wrath of lobbies
Duty to be increased by 2p per litre from September
- North Sea companies welcome tax breaks
Treasury revealed that it expected North Sea tax revenues to fall by almost half
- Power users face levy to pay for clean coal
Government expected to back 2-4 pilot projects for carbon capture and storage technology
