Jersey Oil & Gas hails ‘transformational’ North Sea oil field award July 22, 2019 Jersey Oil & Gas, an independent drilling company, was today awarded the right to operate North Sea oil fields containing more than 100m barrels of discovered oil. The company’s shares rocketed 136 per cent today as it hailed the award as the “most significant event for JOG [Jersey Oil & Gas] since its inception”. Read [...]
Extra carbon emissions charge could be slapped on airline tickets under Whitehall plans July 22, 2019 People buying airline tickets could face an extra charge for carbon emissions being added automatically in the coming years. Government ministers are considering forcing airlines to add so-called carbon offsetting payments to tickets. Read more: Vueling Airlines named as the most delayed airline in the UK The extra charge would be voluntary, but passengers would [...]
Kenyan police arrest finance minister Henry Rotich on corruption charges with CMC di Ravenna July 22, 2019 Kenya’s finance minister Henry Rotich was arrested this morning on corruption charges, along with the director of Italian construction firm CMC di Ravenna. Authorities have never arrested a sitting Kenyan minister for corruption. Read more: Tullow faces delays at Kenyan projects The charges emerged after Kenyan police investigated the misuse of funds in the building [...]
Fire risk: Volvo recalls 500,000 cars after investigation finds faulty engine part July 22, 2019 Swedish car maker Volvo has recalled more than half a million cars after it found a faulty engine part could cause vehicles to catch fire. More than 69,000 cars in Britain are affected, the manufacturer said this morning. Volvo will contact all affected customers. A Volvo spokesman said the firm was not commenting on how [...]
Number of employees enjoying job perks falls to 12-year low July 22, 2019 Corporate cost cutting has pushed the number of people receiving major job perks to a 12-year low, according to research. The number of employees who receive taxable job perks such as company cars, private medical insurance and staff accommodation fell 3.6m last year. Read more: Google UK employees earned £226,000 on average last year The [...]
British Gas owner Centrica ‘to cut dividend and sell off oil and gas business’ July 21, 2019 Centrica is said to be planning to cut its dividend and start looking for a buyer for its oil and gas business. The British Gas owner is reportedly planning to cut its payout in a bid to keep its credit rating. It would join the likes of Vodafone, Marks & Spencer and BT in doing [...]
Industry slams Labour plan to bring outsourced public services in-house July 21, 2019 Business leaders have pilloried a Labour policy announcement to bring local council jobs like construction, bin collection and school dinners in-house. John McDonnell this weekend said the party wants local councils to carry out the services themselves rather than pay companies to do it. The Confederation of British Industry’s chief UK policy director Matthew Fell [...]
MPs: Next Prime Minister should make Huawei 5G decision ‘a matter of priority’ July 19, 2019 MPs have urged the next Prime Minister to decide whether to include Chinese tech giant Huawei in future 5G networks as a matter of priority. In a report published this morning, the Intelligence and Security Committee (ISC) said the matter is “damaging the UK’s international relationships”. Read more: UK’s approach to Huawei makes no sense, [...]
Boeing takes $4.9bn hit on 737 Max groundings to compensate airlines July 18, 2019 Boeing will set aside $4.9bn (£3.9bn) to compensate airlines for the disruption caused by the worldwide grounding of its 737 Max jet. The world’s biggest plane maker said this evening the after tax charge would slash its pre-tax profits by $5.6bn in the second quarter, when results are announced next week. Read more: Ryanair warns [...]
Gatwick to use standby runway to increase passenger capacity July 18, 2019 Gatwick airport has jettisoned plans to build an extra runway, instead opting to bring the standby runway into “routine use” by 2020. The airport said it is readying a planning application to use the second runway alongside the main tarmac. This would increase capacity at the airport so as to serve around 70m passengers by [...]
