SSE warns of challenging energy sector and operating retail losses September 29, 2014 SSE will report around £700m of investment in its energy assets during the six months to September 2014 when it publishes its half-year results in November. The energy firm also expects to report an operating loss in its retail segment, and an increased operating profit in its networks segment. Its wholesale segment is expected to [...]
BP and Shell still contenders for major oil deals in Persian Gulf September 29, 2014 BP and Shell have confirmed that they are both in the running to renew contracts for major oil deals in the Persian Gulf. Both companies have been operating in the region for decades in connection with the Abu Dhabi Company for Onshore Oil Operations (ADNOC). However their 75-year old onshore oil field concession agreements expired [...]
BAE faces US trade disruption September 29, 2014 BAE Systems has warned that trading disruption is likely in the last quarter of 2014, because of government spending limits. A financial resolution will keep the federal government running at fiscal year 2014 spending levels. However the British defence company said its outlook remains unchanged.
