EDF Energy in talks to buy electric vehicle chargers Pod Point October 31, 2019 The French energy supplier EDF is in talks about the acquisition of electric vehicle-charging start-up Pod Point. The company is the latest utilities supplier to branch out into the global automotive sector. Read more: Fiat Chrysler and PSA set to enter 50-50 share swap in $50bn merger Talks about a deal are understood to have [...]
FTSE 100 staggers as Lloyds and Shell profits tumble October 31, 2019 The FTSE 100 dropped sharply this morning as Lloyds and Shell weighed down London’s blue-chip index, which headed for its biggest fall since 2 October. The index fell roughly one per cent to 7,254 points, with the DAX and the CAC both down 0.7 per cent. Shell’s share price fell nearly 3.8 per cent to [...]
Nabuh Energy on the brink as Ofgem demands outstanding payment October 31, 2019 Nabuh Energy has become the latest energy supplier to be threatened with having its license revoked after Ofgem issued it with an order demanding outstanding Renewables Obligations be paid today. The Sheffield-based company, which came bottom of Citizens Advice’s customer service rankings, owes £872,200. Read more: Ofgem issues Gnergy final payment warning Nabuh Energy is [...]
Royal Dutch Shell profits slide 15 per cent amid low oil prices October 31, 2019 Royal Dutch Shell became the third oil supermajor to feel the strain of low oil prices this week as profits fell 15 per cent in the third quarter. However, Shell still managed to comfortably beat analysts’ expectations, posting earnings of $4.8bn (£3.7bn), well ahead of the $3.91bn anticipated. Read more: Total latest to suffer from [...]
Russian pipeline Nord Stream 2 gets final approval October 30, 2019 The controversial Russian oil pipeline Nord Stream 2 has been approved by Denmark, removing the last obstacle in the way of the project’s completion. The Danish permit, which has been pending since April 2017, was the last needed for the 1230km pipeline from Russia to Germany to be completed. Read more: European politicians blast Gazprom [...]
Smurfit Kappa packs a punch with third quarter update October 30, 2019 Packaging company Smurfit Kappa Group (SKG) today announced 11 per cent growth for 2019 so far, with the Dublin-based company’s earnings growing to €1.26bn (£1.09bn). SKG returned revenue of €6.8bn in the nine-month period ended 30 September, three per cent above the same period last year. Read more: GSK posts third quarter sales growth after [...]
Glaxosmithkline posts third-quarter sales growth after Pfizer purchase October 30, 2019 Glaxosmithkline have reported group sales of £9.4bn for the third quarter, with total operating profits of £2.1m, compared with £1.9m for the same period in 2018. The drug manufacturer raised its forecast for 2019, saying that it now expected profits to be flat compared to last year, up from a previous estimated of a three [...]
Airbus drops delivery target as production stalls October 30, 2019 Airbus revised its full-year delivery goal for commercial jets this morning, as the plane manufacturer continued to suffer with delays at a newly expanded German plant. Europe’s largest aerospace group now hopes to deliver around 860 airliners in 2019 instead of the 880-890 previously targeted. Read more: Airbus warns employees on cash flow in defence [...]
Whatsapp takes Israeli firm to court over cyber attack October 30, 2019 Whatsapp is suing Israel’s NSO Group, saying that the firm was behind cyber-attacks that infected devices with malware. The Facebook-owned messaging service accused the company of sending malicious software to around 1,400 mobile phones for spying purposes. Read more: NSO deny spyware is capable of obtaining individual’s data from cloud Journalists, human rights activists, political [...]
Severn Trent announces new chair October 30, 2019 Severn Trent announced this morning that Christine Hodgson had been appointed as the next chair of the FTSE 100 water company. Hodgson will succeed Andrew Duff in April 2020, having joined the board as a non-executive director from 1 January. Read more: Severn Trent chairman steps down as water firm implements new plan She is [...]
