Dynegy became the latest big-name US energy company to announce its withdrawal from the worldwide trading arena in October, as attempts to find a partner for its trading business failed.

The Houston-based company is to shed a “significant” amount of jobs across its operations. Dynegy says it will announce numbers in the near future, but reports suggest that between 800 and 1,000 jobs will be cut from its workforce of 5,500. Its president and chief operating officer, Steve Bergstrom, has also