Ratcliffe’s INEOS calls on Labour to reopen North Sea drilling Energy The chemical group owned by billionaire Jim Ratcliffe has urged the government to reopen the North Sea for drilling as it lashes out at its latest energy cost scheme for businesses. INEOS, which was founded by Ratcliffe in 1998, said Labour’s British Industrial Competitiveness scheme (BICS) fails to address UK industries relying “far more heavily [...]
Thousands of jobs at risk as Ineos suspends operations at huge UK chemicals plants Industrials Thousands of jobs have been put at risk after Ineos suspended operations at three of the UK’s biggest chemicals plants, as owner Jim Ratcliffe took aim at “ridiculously high” energy prices in the UK. The three plants which are being idled produce the raw materials for pharmaceuticals, clothing, cosmetics, detergents, construction materials and military explosives [...]
British tycoons raise the alarm over state of UK economy Politics Two of Britain’s wealthiest business chiefs have launched fierce criticism against government policies and the health of the UK economy. Billionaire energy boss Sir Jim Ratcliffe and gambling entrepreneur Fred Done have separately warned about the state of the economy and direction of policy in the past 48 hours. In particular, the business chiefs claimed [...]
Premier League: US owners dominate over half of 20 clubs August 21, 2026 The Premier League returns this evening for its 35th season, and clubs have become commodities traded by some of the world’s richest and most influential investors. From private equity funds to billionaires to sovereign wealth, this current crop of 20 team owners – this season seeing Hull City, Coventry City and Ipswich Town replacing Burnley, [...]
Sir Jim Ratcliffe is right – our energy policy is ‘all over the place’ May 6, 2026 Punchy interventions from chemicals tycoon Sir Jim Ratcliffe are not rare; most announcements from his company, Ineos, are enriched with a missive from the billionaire on where exactly the UK is going wrong. But these are no mere PR ploys. The stakes are high and he knows what he’s talking about. Yesterday’s confirmation of his [...]
Jim Ratcliffe warns Britain’s energy policy is ‘all over the place’ as Ineos explores North America with Shell May 5, 2026 Europe and the UK’s approach to energy policy is “all over the place” and eroding the region’s security and growth prospects, Jim Ratcliffe has said in an announcement confirming Ineos’s plans to expand its oil and gas operations in the Gulf of Mexico. In a statement announcing Ineos’s fresh investment in the US alongside Shell, [...]
Miliband to bow to pressure on North Sea drilling April 3, 2026 Energy secretary Ed Miliband is poised to bow to significant pressure to allow drilling in the North Sea to counter collapsing fuel supply chains and soaring energy costs. Miliband is planning to give the green light to the Jackdaw gasfield, which could supply gas to more than a million homes this winter. This would be [...]
Ratcliffe’s Ineos could sell off assets as chemicals sector struggles February 25, 2026 Ineos is reportedly considering selling off parts of its business, as the chemicals giant attempts to shore up its finances amid a wider industry downturn. The firm founded and chaired by Jim Ratcliffe has held preliminary talks about selling off parts of its vinyls business Inovyn, Europe’s largest producer of PVC, a plastic widely used [...]
Government injects £120m into Ineos’s Grangemouth plant December 17, 2025 The government has piled over £100m into Britain’s last remaining ethylene plant in Grangemouth, saving hundreds of livelihoods after its owner warned that sky-high energy costs had left it on the brink of closure. Ministers inked a “landmark partnership” with Sir Jim Ratcliffe’s Ineos on Wednesday to secure the future of the Falkirk plant, which [...]
Ineos blasts ‘industrial self harm’ as firm battles Brussels over dumping November 11, 2025 Ineos has accused Brussels of “industrial self harm” as the company fights back against what it described as “dumping” of imports to Europe from Asia. The chemicals company, controlled by billionaire Sir Jim Ratcliffe, today confirmed that it has filed or is in the process of filing ten major anti-dumping cases with the European Commission, [...]