These UK-listed oil and gas firms are making advances in the North Sea February 17, 2017 Two London -listed oil and gas firms today announced major advances in their North Sea assets. Ithaca Energy's Stella field has finally come onstream after electrical faults and bad weather caused delays from late last year. In a statement today the company said: "Production has been started from the field and oil export to the adjacent shuttle [...]
The best Twitter reactions to Tony Blair’s speech at Open Britain February 17, 2017 Tony Blair made an impassioned speech in the City of London this morning calling on the British people to "rise up" and fight against Brexit. The former PM was speaking at the launch of his new campaign for the UK to remain in the European Union. "People voted without knowledge of the true terms of [...]
Activist investor takes swipe at Johnston Press chief executive after building up 21 per cent stake February 17, 2017 The activist investor building up a stake in Johnston Press has taken a first public swipe at the newspaper group’s chief executive since becoming its biggest shareholder. Richard Bernstein, who leads the Crystal Amber fund, has told City A.M. he lacks “confidence” in Johnston Press boss Ashley Highfield to lead the company out of trouble. [...]
The boss of this FTSE 250-listed housebuilder just made one of the largest ever charitable donations by a UK businessman February 17, 2017 Steve Morgan, the boss of FTSE 250-listed housebuilder Redrow, has donated £200m to charity – thought to be one of the largest donations ever made by a UK business person. A regulatory filing showed Morgan has donated 42m of shares in the housebuilder to his family's charitable foundation, The Morgan Foundation, which he founded in 2001 to [...]
“Rise up”: The full text of Tony Blair’s Open Britain speech on Brexit February 17, 2017 Tony Blair has been absent from British politics for years, now – but today he returned in spectacular style, urging the UK's population to "rise up" against Brexit. Although some (including former deputy PM Nick Clegg) liked it, the majority of reaction has been that he missed the mark. Not sure what you think? Here's [...]
Fresh fears of an S&P downgrade sends Toshiba’s shares to new lows February 17, 2017 Troubled Japanese conglomerate Toshiba's shares plummeted yet again today – this time on news S&P Global could cut its credit rating. S&P said it could lower the firm's rating by several notches if it receives financial support, including debt restructuring, sending investors into panic mode again. Toshiba's shares plunged as much as 12.5 per cent [...]
Tony Blair says the British people should rise up and stop Brexit February 17, 2017 Tony Blair this morning made a dramatic return to the front line of British politics, launching a new campaign for the UK to remain in the European Union. The former Prime Minister told the British people to “rise up” against the referendum vote and stop the process of leaving the Union. He said a second [...]
A Seoul court has officially declared former shipping giant Hanjin bankrupt February 17, 2017 Embattled South Korean shipping giant Hanjin has finally been declared bankrupt. A South Korean court made the decision today that Hanjin Shipping, formerly the world's seventh-largest container shipper, was officially bankrupt after ruling earlier in the month the firm's liquidation value would be worth more than its value as a going concern. Hanjin had debts of [...]
British Steel appoints a new chief executive with Roland Junck to take a step back February 17, 2017 British Steel, the rebranded company that runs the Scunthorpe steelworks, has appointed a new chief executive, signalling an important next step in putting operations on an even keel. Peter Bernscher, who has served on the boards of several European steel firms, will take on the role, allowing executive chairman Roland Junck to take step back from the day-to-day [...]
Business secretary Greg Clark says Peugeot-maker PSA wants to build on Vauxhall’s success February 17, 2017 Business secretary Greg Clark has called his talks with the French government and PSA "constructive", saying the French firm wants to build on the success of Britain's Vauxhall business. In a short statement, Clark said the PSA "stressed that they valued highly the enduring strength of the Vauxhall brand, underpinned by its committed workforce". Clark jetted to Paris [...]