Bloomberg HitecVision is emerging as the frontrunner to acquire Exxon Mobil Corp’s oil assets in the UK North Sea, according to people familiar with the matter. The private equity firm is in advanced talks with Exxon about a potential deal, the people said, asking not to be identified discussing confidential information. A sale could fetch around $1 billion for Exxon, ...

Bloomberg UK power prices rose to a four-year high after the UK grid operator warned that its safety buffer of supplies was almost eroded for Sunday. National Grid Plc said it’s “monitoring the situation closely” in a warning published on Twitter. The network operator stopped short of issuing an official alert called an Electricity Margin Notice, which is published when ...

Presidential transitions, even when they are less fraught than this one, prompt more apprehension among America’s allies than among its enemies. This is especially true of the British. The British government is exerting itself to show the incoming Joe Biden administration that the UK remains a useful ally. Last month, Prime Minister Boris Johnson agreed to a remarkably generous supplementary ...