Middle East tensions push up oil prices as tankers burn in the Gulf of Oman June 13, 2019 International oil prices surged this morning as reports emerged that two oil tankers had caught fire in the Gulf of Oman. A port in the United Arab Emirates got a distress signal from the Front Altair, Bloomberg reported earlier today. Bloomberg later reported that the Kokuka Courageous tanker has also been hit. The ship’s manager [...]
Chris Tremlett: England should combat the dangerous Chris Gayle with all-out pace at the Rose Bowl June 12, 2019 England play West Indies at the Rose Bowl on Friday and I’m sure they won’t be complacent about what Jason Holder’s side can do. West Indies’ fast bowling attack have shown how good they can be, demolishing Pakistan for just 105 in their opening game and reducing Australia to 79-5 in their second with aggressive [...]
Philip Green’s retail empire avoids administration as rescue plan is passed June 12, 2019 SIR PHILIP Green squeezed through a controversial rescue plan this evening as his fashion empire came back from the brink of administration by winning a crunch vote. Read more: Green offers landlords cash to save Arcadia Creditors passed a series of votes that will give the embattled Topshop tycoon breathing space to embark on a [...]
Ineos plans $800m investment in Texas petrochemicals plant June 12, 2019 British chemicals giant Ineos is looking to plough more than $800m (£630.4m) into a Texas project, according to local reports. The money will be used to expand its La Porte petrochemical plant, the Houston Chronicle reported. The 40-acre extension will bring 1,500 construction jobs to the site, and increase Ineos’ permanent workforce by 25 people. [...]
Norway’s sovereign wealth fund to divest from fossil fuel investments June 12, 2019 The world’s biggest sovereign wealth fund appears set to sell its $1bn (£788m) stake in London-listed Glencore, after Norwegian politicians today passed a bill to divest from fossil fuel investments. The decision will see the country’s $1 trillion fund sell stakes in companies which get more than 30 per cent of revenues from coal. It [...]
Andy Murray Queen’s comeback: Hip expert warns of ‘very difficult’ road for former British No1 June 12, 2019 After 154 days without competitive tennis – a period which involved a much-discussed operation, extensive rehabilitation, plenty of pain, but also time with his family and friends – Andy Murray will make his long-awaited return at Queen’s Club next week. It may come on the doubles court rather than the singles and may be in [...]
Pendragon share price crashes by a fifth on ‘accelerating’ losses June 12, 2019 Shares in used car dealer Pendragon crashed by more than a fifth this morning after it said it expected losses to accelerate. The board said it expects underlying profit before tax for 2019 to be a small loss with the first-half of 2019 expected to be “significantly loss making” ahead of a return to profitability [...]
Boris Johnson ‘not aiming’ for no-deal Brexit but warns against further delay June 12, 2019 Boris Johnson said he was not aiming for a no-deal Brexit but that it was responsible to prepare for such an outcome, as he launched his bid to become Prime Minister. The former London mayor made his pitch to Tory MPs and party members this morning as he kicked off his campaign to replace Theresa [...]
ECB and IMF chiefs warn trade headwinds could damage European integration June 12, 2019 The president of the European Central Bank (ECB) and the head of the International Monetary Fund (IMF) have today warned that global trade “headwinds” could damage growth in Europe. Read more: Eurozone investors gloomy as trade war continues to rage They cautioned that the vulnerability of Europe’s emerging eastern economies to the current global slowdown [...]
British American Tobacco boosted by vaping sales June 12, 2019 British American Tobacco (BAT) announced that sales of e-cigarettes and vaping products would accelerate in the second half of the year as demand for traditional cigarettes declines. Shares fell nearly five per cent despite the positive trading update as the company revealed it had lost market share. Corporate volume share was down ten percentage points [...]