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British sun beats natural gas to provide most electricity

Bloomberg Britain got a glimpse of its green future as the sun provided more power to households than any other energy source over a rare, sunny holiday weekend. Solar generation rose to 8,728 megawatts, just shy of the record of 8,910 megawatts on May 26 last year. The sun provided 26.9 percent of electricity supply, just beating natural gas, while ...

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Sasol CEO expects oil volatility with long-term price around $60

Bloomberg Sasol Ltd. expects a “volatile environment” for crude oil as geopolitics help sway the market. “It’s going to move back and forth depending on what’s happening in the world — political tensions, supply disruptions,” said Steve Cornell, co-chief executive officer of the South African energy and chemicals company. Market drivers include the much-anticipated US decision on the global nuclear ...

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Takeda clinches $62 billion deal to buy drugmaker Shire

Bloomberg Takeda Pharmaceutical Co. reached an agreement to buy larger rival Shire Plc for about 46 billion pounds ($62 billion) in a deal that transforms it into a top drugmaker in the lucrative business of rare diseases and boosts its heft in the US. The Japanese company capped a drawn-out pursuit by agreeing to pay Shire 49.01 pounds a share ...

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