Power station owner Uniper posts £10bn loss as gas shortages bite

German energy firm, which operates many UK power stations, has been bailed out by federal government

The owner of the Ratcliffe-on-Soar power station in Nottinghamshire has posted a 12bn (10bn) loss weeks after agreeing a bailout package with the German government, in a set of results that signal the deepening energy crisis across Europe.

Uniper received a 15bn lifeline from the German state in return for a 30% equity stake in a deal agreed in July.