UK energy suppliers could go bust after Saudi attacks, experts warn September 18, 2019 An attack on Saudi oil facilities might turn the screws on struggling energy suppliers, experts have warned, a year after a winter that felled several smaller firms. More companies might face bankruptcy if they have not bought enough energy in advance to supply their customers through what could be an unusually chilly winter. Read more: [...]
Sirius boss buys shares after project put on review September 18, 2019 The chief executive who put the brakes on his own mining project yesterday has bought more shares in the venture, after they collapsed by more than half. The family of Chris Fraser bought an extra 250,000 of Sirius Minerals shares at just over 4p each, the company revealed in a filing today. The family now [...]
Trump authorises new sanctions on Iran September 18, 2019 US President Donald Trump has said that he will ramp up sanctions against Iran after alleging the country was behind an attack on Saudi Arabian oil refineries. “I have just instructed the Secretary of the Treasury to substantially increase Sanctions on the country of Iran!” the President tweeted. Read more: Iranian leader says Saudi attacks [...]
Sterling falls on lower inflation and Brexit concerns September 18, 2019 Sterling has fallen against the dollar this morning after UK inflation undershot expectations and traders’ nerves grew over Brexit. Read more: Falling computer game prices drag UK inflation to lowest rate in three years The pound was 0.4 per cent lower against the dollar by 10.45am UK time to buy $1.245. Yet the fall was [...]
Can we avoid an energy crunch? September 18, 2019 | City Talk The energy transition has to happen. Climate change can no longer be ignored and the political will is finally there to confront the substantial challenges. The first stage of this process is the switch from energy produced by coal and gas to energy produced by renewables, such as wind, solar and geothermal. As part of [...]
Iranian leader says Saudi attacks were ‘warning’ from Yemenis September 18, 2019 Iran this morning denied any involvement in a series of attacks on Saudi Arabian oil infrastructure over the weekend as the Saudis prepare to reveal “material evidence” of Tehran’s role. Iranian President Hassan Rouhani said that the attacks had come as a “warning” from Houthi fighters in Yemen’s civil war, which he accused western countries [...]
There is a disconnect between government rhetoric and reality on climate change September 18, 2019 The noise around climate change and the risk it poses to the planet has reached fever-pitch, and pressure on the UK government to take action is increasing by the day. The Extinction Rebellion movement has repeatedly taken to the streets of London to demand action from policy-makers, while Swedish activist Greta Thunberg inspired schoolchildren to [...]
‘Gen Xers care more about sustainability than millennials’ September 17, 2019 | City Talk People from Generation X – defined as those between 38 and 50 years of age – appear more motivated to invest sustainably than millennials. New research found 61 per cent of “Generation Xers” always consider sustainability factors when selecting an investment product, compared with 59 per cent of millennials, who are 18 to 37 years [...]
BHP boss has bonus slashed after death in Australian mine September 17, 2019 The boss of BHP, one of the world’s largest miners, had his bonus slashed last year after a death at one of the company’s Australian coal mines. Chief executive Andrew Mackenzie was paid $3.5m (£2.8m) in the last financial year, down by more than $1.1m. $1.3m of his pay was a performance-related bonus. Read more: [...]
Oil prices plunge as Saudi production could come back online sooner than expected September 17, 2019 Oil prices fell dramatically this afternoon as it was revealed that Saudi Arabia expects that it will have repaired all of its output in just weeks. Prices bounced yesterday as markets reacted to the news that a drone attack had taken out half of Saudi Arabia’s oil production. Read more: Saudi oil attack: How high [...]