Bloomberg Power plant developers in Britain are overestimating the need for natural gas-fired generation to back up intermittent renewable energy. The nation needs only 38 percent of the gas capacity it has now to keep the power on, according to a report by New Resource Partners, a consultancy that advises governments and investors on renewables. “Our modelling shows that the ...

Bloomberg Porsche AG has an ambitious plan to improve operating profit by 6 billion euros ($6.8 billion) over eight years by streamlining operations as the automaker spends more to develop and manufacture electric cars, according to people with knowledge of the matter. Porsche aims to increase earnings before interest and taxes by about 750 million euros annually over a timeframe ...

Bloomberg iDreamSky Technology Holdings Ltd., a Chinese game distributor, has attracted Sony Corp. and JD.com Inc. as cornerstone investors for its planned Hong Kong initial public offering, people with knowledge of the matter said. The Shenzhen-based company plans to start taking investor orders on Monday, the people said, asking not to be identified because the information is private. The firm ...