Liberty House to restart large steel bar and rod rolling mill in Kent October 14, 2016 Industrials group Liberty House has ploughed more investment into the UK steel industry and is set to revive a large mill in Kent by mid-next year, the company said today. Liberty will restart rod and bar rolling mills at the facility in Sheerness in Kent, which shut down more than four years ago. The group [...]
Kazakhstan’s $50bn Kashagan oil field starts up production October 14, 2016 Kazakhstan's huge Kashagan oil field has exported its first ever shipment, the country's energy ministry said today. The field, located in the Caspian Sea, has loaded 26,500 metric tons of crude oil for export into local pipelines, the ministry said in an email. The site has had a troubled history since being discovered in 2000. Bringing it online was [...]
Former William Hill boss Ralph Topping slams plans to merge with Canada-based gambling group Amaya October 14, 2016 Former William Hill chief executive has called on the bookmaker's current management staff to axe plans to conduct a £4.5bn merger with Canadian online betting giant Amaya. Ralph Topping, who led the company for eight years before departing in 2014, said he "fully support[s]" majority shareholder Parvus Asset Management, which yesterday slammed a possible deal, saying it [...]
The fall in sterling has given the UK’s cosmetic surgery sector a facelift October 14, 2016 While the still-falling value of sterling has worried many sectors of the UK's economy, the cosmetic surgery industry has received a veritable lift from the weaker pound. Cosmetic surgery clinics are booming off the back of the Brexit vote and subsequent currency hit, as plastic surgery tourism to UK clinics has been made "considerably more [...]
Gulf Keystone Petroleum share price falls more than seven per cent on completion of major debt deal October 14, 2016 Shares in Gulf Keystone Petroleum slid more than seven per cent this morning as the Kurdistan-focused oil producer completed a finance restructuring deal that has left its investors with next to nothing. The transaction, which was announced in mid-July, will shrink the company's debt burden from $600m (£492m) to $100m and help it raise $25m of new equity, via [...]
Forget pumpkin spice lattes, now you can get beer in your Starbucks coffee with its Espresso Cloud IPA October 14, 2016 Forget pumpkin spice lattes and Christmas-themed cappuccinos, Starbucks has taken its drink innovation to a whole new level this autumn – though it might be one you want to skip for your 8am coffee. Coffee lovers and craft beer aficionados might want to stop reading now – some of you might find this news a little difficult [...]
Mountain Warehouse takes a hike on IPO plans as half-year sales double October 14, 2016 Outdoors retailer Mountain Warehouse abandoned plans to float in London before the EU referendum, the group revealed today. Despite initial discussions showing there was strong investor interest, the company ditched the idea in the early summer. Its decision was confirmed as the better move, a source close to the company said, after the pro-Brexit referendum [...]
Elegant Hotels announces second dividend but bookings hit over the summer by “political uncertainties” in the UK October 14, 2016 Caribbean tourism group Elegant Hotels has announced it will pay out another dividend in February despite its booking feeling the effects of a summer of "political uncertainty" in the UK. In addition to an interim divi for the period to 30 September of 3.5p per share, Elegant Hotels will also pay a second divi also [...]
Samsung operating profit to go up in flames to the tune of £2.5bn in the next two quarters after Galaxy Note 7 discontinuation October 14, 2016 South Korean electronics giant Samsung said today it expects to take a $3bn (£2.46bn) hit to its operating profit over the next two quarters because of the discontinuation of its Galaxy Note 7 smartphone. The announcement brings the total losses from the debacle to around $5.3bn. In a market update earlier this week, the company [...]
English Wine Producers says homegrown industry is set for an “exceptional” harvest this year October 13, 2016 The UK's wine makers are gearing up for an "exceptional", high-quality vintage this year, according to an industry body. Harvests at some homegrown vineyards began in mid-September, though the main bulk of the grapes will be harvested now and over the next fortnight. English Wine Producers, the marketing body representing the English and Welsh wine [...]
