Fuller’s splashes out to boost London portfolio October 24, 2011 FULLER, Smith & Turner is paying £16m for five pubs as it moves to boost its estate in time for the Olympics next summer. Fuller’s is buying The Wellington at Waterloo, The Pavilion End and Bluu in the City, The Hand & Flower in Kensington Olympia and the Red Lion Hotel in Wendover, Bucks The [...]
National Grid sells Onstream October 24, 2011 NATIONAL GRID said yesterday it has sold its metering division to Macquarie Bank, in a deal worth £275m. Utility Metering Services, known as Onstream, joins Macquarie’s portfolio of UK assets, which also includes the M6 toll road. It was set up by National Grid in 2001 and covers more than 4m gas meters across the UK, [...]
Tate & Lyle faces closure of plant October 24, 2011 THE HISTORIC Tate & Lyle sugar refinery in east London may be forced to close, as its American owners are hit by new import tariffs imposed by the European Commission. ASR, which bought the 133-year oldplant in Silvertown from Tate & Lyle last year and licensed its brand name, has so far had to pay [...]
Keystone on target to top oil estimates October 24, 2011 GULF Keystone Petroleum said yesterday it expects to shortly increase its oil reserves estimates at one of its exploration fields in Kurdistan. It told investors in a market update that the Shaikan field project held between five and 10 per cent more oil than originally thought, having examined new 3D data. Previous estimates had put [...]
Chariot pins hopes on 2012 October 24, 2011 CHARIOT Oil & Gas said yesterday a share placing has left it with $139.6m (£87.6m) of cash reserves going into 2012, which it called a “critical year in the company’s growth and development” as it shrugged off widening half-year losses. The AIM-listed firm said that a weak pound had led to a foreign exchange loss [...]
Essar refinery upgrade a success as Vadinar re-opens for business October 24, 2011 ESSAR Energy’s Vadinar refinery will hit an increased capacity of 375,000 barrels per day (bpd) by the end of March, the company said yesterday. The energy company had shut the refinery in western Gujarat state last month for 35 days to raise capacity by 25 per cent and upgrade it to process more heavy and [...]
Dragon Oil upbeat on its growth rates until 2015 as production forges ahead October 24, 2011 TURKMENISTAN-FOCUSED oil firm Dragon Oil said it was confident of maintaining its 10 to 15 per cent target growth rate to 2015, putting it on track to produce 100,000 barrels of oil per day (bpd) in four years’ time. The company said that following a detailed review of its oil fields, it expected to be [...]
Premier produces its first gas from Indonesia field October 24, 2011 FTSE 250-listed Premier Oil yesterday announced its first gas production at the Gajah Baru field in Indonesia. Premier achieved first gas after receiving the ministerial consent to complete commissioning at a rate of up to 50bn British thermal units per day (bbtud), it said in a statement yesterday. The firm also said its previously announced [...]
FedEx expects record shipments October 24, 2011 E-commerce will drive record holiday shipments this year for FedEx Corp, the world’s second-biggest package delivery company said yesterday. FedEx expects to deliver more than 260m packages globally between Thanksgiving on 24 November and Christmas, up 12 per cent from a year earlier. FedEx said it will add about 20,000 seasonal workers to help handle [...]
Saab still in talks with Chinese October 24, 2011 The owner of troubled Swedish carmaker Saab is still talking to would-be Chinese buyers, hours after scrapping a planned cash lifeline and days after spurning their total buyout bid. Saab owner Swedish Automobile said late on Sunday it was cancelling a planned €245m investment deal signed in June, under which Zhejiang Youngman Lotus Automobile and [...]
