Energy giant SSE is hit by a £115m loss as the Covid-19 pandemic impacts demand

Energy giant SSE is hit by a £115m loss as the pandemic impacts cuts demand and the number of new supply connections SSE said the estimated impact is slightly lower than expected Full-year earnings are down, with the blow set to be between £150m and £250m  Despite the knock, SSE is forging ahead with £7.5 … Read more

Fresnillo cuts gold production forecasts as Covid-19 impacts Mexican mines

Metals miner Fresnillo cuts gold production forecasts after its Mexican mines are hit by Covid Gold and silver are seen as safe investments in economically uncertain times The firm blamed a drop in workers at its Herradura mine for its lower forecasts  Fresnillo’s silver production guidance remains unchanged at 51-56m ounces  By Harry Wise For … Read more

Ancient asteroid impacts ‘created the building blocks of life’ on Earth

Asteroids colliding with the Earth four billion years ago created the building blocks of life on our planet and possibly even on ancient Mars, a new study claims.  Researchers from Tohoku University in Japan recreated the conditions present in seabed craters made by the space rocks crashing into the young Earth. The team say these … Read more

Extra-terrestrial impacts may have shaped Earth 3.2 billion years ago, study finds

Earth’s rocky surface is the result of ‘intense bombardment’ of extraterrestrial impacts hitting the surface billions of years ago Experts say impacts from space triggered the rise of tectonic plates on Earth   Layers of round particles condensed from the impact were discovered Particles date back about 3.2M years ago, similar to when plates appeared  By … Read more