British Steel’s French site up for sale separately to Jingye deal December 5, 2019 The Chinese buyers of British Steel have reportedly been left “furious” as it emerged that the failed steelmaker’s French factory is for sale separately from the rest of the company. Last month China’s Jingye struck a deal to buy the whole of the collapsed manufacturer, with the firm to pay about £50m to take over [...]
AJ Bell profit rises a third as firm completes record year December 5, 2019 AJ Bell’s first year as a publicly listed company was the most profitable ever for the broker and online trader, with profit rising nearly a third. Read more: AJ Bell reports growth in customers and assets under administration The figures Revenue at the investment platform rose 17 per cent in the year, up to £104.9m [...]
Oil prices soar ahead of Opec meeting December 4, 2019 Oil prices shot up today ahead of Thursday’s Opec meeting, which is expected to yield an extension to oil production cuts. West Texas Intermediate rose 4.1 per cent to $58.4 a barrel, with Brent Crude up 3.9 per cent to $63.16 per barrel. Read more: Saudi Arabia pushing Opec for deeper oil production cuts Expectations [...]
BP faces complaint over ‘misleading’ ad campaign December 4, 2019 Environmental law charity Clientearth has accused BP of “misleading” the public regarding its low-carbon credentials with its multimillion pound advertising campaign. Yesterday the non-profit group lodged an official complaint under international guidelines regarding the campaign, which is BP’s first in 10 years. Read more: Spanish oil giant Repsol pledges to cut emissions to zero by [...]
Chinese power firm Sdic delays London listing on market conditions fears December 4, 2019 Leading Chinese power generation firm Sdic Power today announced it would delay listing 10 per cent of its shares as global depositary receipts on the London Stock Exchange (LSE) due to “market conditions.” In a statement, the company said it “believes this is a prudent decision and is in the best interests of its existing [...]
Nato summit 2019: World leaders appear to mock Donald Trump at Buckingham Palace reception December 4, 2019 Footage from last night’s reception at Buckingham Palace for the Nato summit appears to show world heads of state mocking Donald Trump. The coverage shows a conversation between Boris Johnson, French President Emmanuel Macron, Canadian premier Justin Trudeau and Princess Anne. Read more: Nato summit 2019: Trump-Macron tensions mar 70th anniversary of alliance When Johnson [...]
M&C Saatchi shares sink 40 per cent after major profit warning December 4, 2019 M&C Saatchi saw its share price implode today after issuing a profit warning and admitted an £11.6m accounting error. The advertising giant said profit for the full year is expected to be between 22 and 27 per cent below the level it hit in 2018. It also unveiled the accounting error after an independent review [...]
Over a hundred firefighters bring blaze at Brentford Travelodge under control December 4, 2019 A major fire at a Travelodge in Brentford has been brought under control, after more than 100 firefighters were dispatched to tackle the blaze. Firefighters were called to the blaze in the early hours of Wednesday morning. Around 160 guests and staff were evacuated, with no reports of injuries at this stage. Read more: Commuter [...]
Petrol prices fall for the fourth consecutive month in November December 4, 2019 Petrol prices fell for the fourth month in a row in November, with the average price of a litre of unleaded now 3.3p less than at the beginning of August. The average price for unleaded fell 0.48p to 125.93p, with diesel showing a similar drop in price from 130.27p to 129.83p, according to the RAC’s [...]
Spanish oil giant Repsol pledges to cut emissions to zero by 2050 December 3, 2019 On Monday Spanish oil giant Repsol pledged that it would reduce net carbon emissions from its operations and products to zero, taking a €4.8bn (£4.1bn) value hit in the process. The company, which described the move as an industry first, announced the step on the first day of the UN climate change summit in Madrid. [...]
