Total latest to suffer from low oil prices in Q3 results October 30, 2019 Oil supermajor Total’s profits slumped by 24 per cent this morning as it became the latest company to be hit by low oil and gas prices. The French company’s third quarter results showed that profit was $3bn (£2.3bn), down from $6.24 billion in the same three months in 2018. Read more: Weak oil prices push [...]
UK shoppers call for carbon footprint data October 29, 2019 More than 70 per cent of UK consumers want businesses to share data regarding the carbon footprint created in the making of their products so they can make more ethical purchasing decisions. According to a new poll commissioned by En+ Group, the world’s largest producer of low carbon aluminium, 68 per cent of the UK [...]
Four things you need to know about BP’s results October 29, 2019 BP released its third quarter update this morning and with the oil giant announcing a $749m (£581.3m) loss, it was not pretty reading for investors. Fuelled by weaker oil prices and a hit from hurricanes, BP’s share price dropped nearly four per cent to 493p. However, the company still beat analyst expectations despite its poor [...]
Ofgem issues Gnergy with final payment warning October 29, 2019 Ofgem has issued Gnergy with a final order for their unpaid Renewables Obligations bill, raising the possibility that the supplier could have its license revoked if they did not comply by the payment deadline. The watchdog said that the company, which was one of four suppliers who missed the original deadline for payments, had not [...]
‘It can’t get any worse’: What City workers think of another General Election October 29, 2019 It’s that time again: Britain is on course for another General Election, after Labour leader Jeremy Corbyn announced he was ready to fight the “most radical election ever”. But Brits have endured more than three years of uncertainty since the EU referendum, and few groups of workers have felt the effects of it more sharply [...]
Gender pay gap: UK women earn £263,000 less than men over working life October 29, 2019 British women will earn £263,000 less than their male counterparts over their life, according to new data from the Office for National Statistics (ONS). The ONS study shows that the average working woman can expect to take home 59 per cent of what the average man takes home. Read more: UK inflation stays at Bank [...]
Harry Dunn’s family sues Trump administration October 29, 2019 The family of 19-year-old Harry Dunn, who was killed in a car accident involving the wife of a US diplomat, have announced that they are suing the Trump administration for “legal misconduct”, Sky News has reported. They also said they were starting legal action against Anne Sacoolas, the driver involved in the crash that killed [...]
When will we have a UK general election? October 29, 2019 Boris Johnson announced plans for UK general election on 12 December to “get Brexit done.” He’s tabled another vote in the Commons for today – and Labour have agreed to support the motion. Last night, MPs failed to support the dissolution of parliament under the Fixed-term Parliaments Act – a motion which required a supermajority [...]
GFG Alliance launches $15bn Liberty Steel Group October 29, 2019 GFG Alliance, Sanjeev Gupta’s family-owned conglomerate, today announced plans to merge its worldwide steel plants into one global business worth $15bn (£11.7bn). The Liberty Steel Group, which will combine operations in the UK, Europe, USA and Australia, will be incorporated by the end of the year. Read more: Sanjeev Gupta in fresh talks over British [...]
SolGold set to soar as flagship copper mine strikes gold October 28, 2019 SolGold have raised their outlook for their flagship copper mine after metallurgical testing showed a potential extra $8.7bn (£6.8bn) in revenues over its life. The Primary Economic Assessment initially indicated total revenues of $74bn over the life of the mine. The Australian company’s Alpala project, which has been labelled as a future tier one copper [...]
