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 [...]
Chief executive kidnapped and beaten in Northern Ireland September 18, 2019 The chief executive of a Northern Irish construction supplies group at the centre of an inquiry by the Irish Central Bank was kidnapped from his home last night and later dumped, badly beaten, on the side of the road. Kevin Lunney, who leads Quinn Industrial Holdings, is in hospital with a broken leg and other [...]
Khan promises ‘fairer deal’ as new energy firm launches September 18, 2019 Mayor Sadiq Khan today promised Londoners a “fairer deal” on their energy bills as he announced the creation of a new power company. London Power, a non-profit energy company, will launch this December and provide its customers with renewable gas and electricity. Read more: Energy suppliers win four-year delay for smart meter rollout It is [...]
Yu Group leaks a year after accounting scandal September 18, 2019 Business utility supplier Yu Group sprung a leak in the first six months of the year as the company was forced to “reset” after discovering accounting errors cost the company £10m last year. Loss before tax more than tripled over the period to £3.25m from £895,000, even as revenues grew strongly by 70 per cent [...]
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 [...]
British businesses insert Brexit contingencies in supply contracts to prepare for no-deal September 18, 2019 Two thirds of British businesses that import from European suppliers have penned Brexit clauses which would let them renegotiate if tariffs are introduced after the UK leaves the EU. British firms are set to bear the cost of any tariffs when they buy components from inside the EU when the UK leaves. This could be [...]
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 [...]
Oil prices steady after Saudi attacks sparked record rise September 17, 2019 Oil prices steadied this morning after markets shouldered a massive shock yesterday when prices rocketed at their fastest rate ever. The price of Brent crude, the international standard, was more or less unchanged at $69 per barrel this morning. Read more: Saudi oil attack: How high could oil prices go after record-breaking rise? Yesterday’s shock [...]
