Leni hails Trinidad oil progress January 29, 2013 Explorer Leni Gas and Oil has made significant progress at its Trinidad operations, it said yesterday. Over the last week, production at the Goudron and Icacos fields averaged more than 170 barrels of oil a day, smashing Leni’s production targets. The explorer, chaired by entrepreneur David Lenigas, hit a record 201 barrels of oil a [...]
Judge accept BP plea over spill January 29, 2013 An American judge has accepted an agreement by BP to plead guilty for its role in the Deepwater Horizon disaster and pay $4.5bn (£2.9bn) in penalties for the worst offshore oil spill in US history. BP now has 60 days to send a remedial plan to the Department of Justice and the Environmental Protection Agency [...]
Going vogue: Legal Hot 100’s 15 mins of fame January 29, 2013 NEVER mind Tatler’s List of People Who Really Matter, the Lawyer Magazine’s Hot 100 list has been published this week, alongside snaps from a glossy photoshoot. Not only have our legal hotties been shot by John Miller, who has papped the likes of David Cameron, they have also been filmed for five minutes of internet [...]
Green-fingered Lady and Lord Mayor get muddy in the forest January 29, 2013 SPADES and wellies were order of the day when Lord Mayor Roger Gifford and his wife, the Lady Mayoress, ventured deep into forest territory this week, ankle-deep in mud. The couple were planting three trees to launch the Gifford Wood Appeal, an effort which will help safeguard 30 acres of land at Horseshoe Hill under [...]
Recovery hope as insolvency rate declines January 29, 2013 LONDON’S business population got healthier through 2012, according to insolvency figures published yesterday, with the number of firms increasing and the proportion failing coming down. A total of 5,105 firms in the capital entered insolvency in the year, up 2.28 per cent on the year according to Experian. But the rate of insolvency fell to [...]
Senior judges rule CRB checks are a breach of human rights January 29, 2013 THE Court of Appeal yesterday ruled that the law forcing people to disclose all previous criminal convictions in job applications is a breach of human rights. The court said legal requirements forcing people to reveal convictions turned up by a Criminal Records Bureau (CRB) check to prospective employers was not “compatible” with article 8 of [...]
Car insurance cost dips yet effect of gender ruling still to be felt January 29, 2013 THE COST of a comprehensive car insurance policy fell to an average of £789 in December – the lowest level since October 2011 – according to figures released today by the AA. However the company warned that the 2.9 per cent decline over the last three months of 2012 does not tell the full story [...]
Land Registry says house prices grew modestly over December January 29, 2013 HOUSE prices climbed upwards at a stately pace in December, consolidating modest yearly gains, according to data out yesterday. Housing was 0.8 per cent more expensive in the final month of 2012 than it was in November, the Land Registry said, capping off a yearly increase of 1.7 per cent. As it has throughout the [...]
Savers hit with lower interest as FLS kicks in January 29, 2013 SAVERS have come in for an interest rate hammering, as account providers have slashed rates since the Funding for Lending Scheme (FLS) kicked in last August. In January so far, 100 accounts have seen their interest rate chopped, according to data released by the Savingschampion website yesterday, adding to the 64 cuts in the previous [...]
City Views | Can the FTSE surge continue? January 29, 2013 WELI ELMI HUXLEY No – I think the index is headed for a correction, bringing it down closer to 6,000. Currently we have 2008 valuations without 2008 levels of economic prosperity – so the valuations don’t make sense. PHILIP ALLMAN BUTTERFIELD PRIVATE BANK I don’t think so. Sometimes forecasting market movements is complete guesswork, but [...]
