Kentz wins $190m Qatar Petroleum contract November 20, 2013 Kentz Corporation, the holding company of the Kentz engineering and construction group, has been awarded an $190m (£117.9m) contract by Qatar Petroleum for work on around 775 wells across its Dukhan Oilfield in Qatar. (Release) Kentz will deliver the engineering, procurement, installation and commissioning for wellhead industrial control systems, alongside corrosion protection at the wells. [...]
Npower sells gas and electricity accounts to growing Telecom Plus November 20, 2013 Npower has sold its Electricity Plus and Gas Plus subsidiaries to Telecom Plus, the latter said in a statement this morning. In a separate statement, Telecom Plus announced it's seen "significant acceleration" in organic growth, with adjusted profit before tax up 10.1 per cent to £13.7m. Growth and increased customer numbers were seen on the [...]
Cineworld CEO to resign ahead of chain expansion November 20, 2013 Cineworld CEO Stephen Wiener is to move on from the chain on 31 March next year, after 18 years leading the company. The cinema chain operates 79 sites, and in October announced that while it would be closing or selling two recently acquired Picturehouse cinemas, it would be opening "up to and possibly 25 new [...]
What you need to know before the open – 20/11 November 20, 2013 European bourses are set to open lower this morning ahead of US retail sales and minutes from the Federal Open Market Committee (FOMC). Investors await the prospect of taper news, after the latest FOMC statement made no mention of shutdown. We're also expecting the Bank of England minutes this morning, but not with any surprises. [...]
German PPI down in October as energy prices fall November 20, 2013 The price change for industrial products in Germany missed expectations this morning, falling 0.2 per cent in October, following a consensus of no change and after September's 0.3 per cent increase. Year-on-year, the index was down 0.7 per cent. In September, the annual rate of change all over was –0.5 per cent. While prices of [...]
Shareholders back Nokia’s €5.4bn handset division selloff November 19, 2013 Nokia has announced that shareholders have overwhelmingly backed the €5.44bn (£4.5bn) sale of its devices and services division to software giant Microsoft. At an emergency general meeting Nokia chairman Risto Siilasmaa said that 99 per cent of the company’s shareholders had already voted in support of the sale – which is designed to inject much [...]
BlackRock’s Fink erases US gains with warnings of great rotation reversal November 19, 2013 BlackRock CEO Lary Fink says that investors such as pension funds will rotate assets out of equities as the year ends. We are going to start seeing pension funds selling equities and buying bonds. If people are going to have a formula as to how they do asset allocations, they have to stick with it. [...]
Numbers that show the decline in the UK’s pigs and cattle November 19, 2013 Data published by the Department for Environment, Food & Rural Affairs has shown that in both England and the UK cattle and pig numbers have declined in recent years, whilst the sheep count has risen. Cattle On the 1 December 2012, there were 5,308,000 cows, bulls and calves in England. In the UK there were [...]
Unilever to sell trio of haircare brands November 19, 2013 Anglo-Dutch company Unilever, announced on Tuesday it will be selling hair care brands- Soft & Beautiful, TCB and Pro-Line Comb-Thru. The brands are to be sold to Strength of Nature for an undisclosed amount. The sale does not include TCB's African business. President of Unilver North America, said: Soft & Beautiful, TCB and Pro-Line Comb-Thru [...]
Tie Rack set to shut UK shops by end of year November 19, 2013 Tie Rack's UK presence is to be wound up. The owners of the high street name will begin closing the chain's 44 UK stores on Wednesday, reports Mark Kleinman, City editor at Sky News. The closures could threaten up to 200 jobs. Sky News' sources said that a closing-down sale is expected to start on [...]