BP given thunderous boost by delivering project 11 months early and under budget January 23, 2017 BP reported good news from the Gulf of Mexico, revealing plans to turn on the taps of a major project 11 months ahead of schedule and $150m (£120m) under budget. The oil giant said production had started at its Thunder Horse project, which will boost supply from the area by 50,000 barrels per day. Read more: Egypt nets $220m [...]
Halliburton shares fall: “The international downward cycle is still playing out” January 23, 2017 Halliburton's share price fell over two per cent today after revealing soft markets outside North America were only partially compensating for loss-making international operations. The figures The firm today revealed its full year numbers in a trading update with total revenue falling by $7.7bn, or 33 per cent to $15.9bn. Losses mounted and operating profits widened from $165m in 2015 [...]
More than concrete cows: Six things you need to know about Milton Keynes on its 50th birthday January 23, 2017 Us Brits love history. But 50 years ago today we did something that cut against the grain. The UK's cities, towns and villages are generally steeped in history. From black and white houses, old castles and local churches, you can trace the roots of many areas back for centuries. Today, however, is the birthday of Milton [...]
Financial Conduct Authority fines to increase in 2017 as new rules take effect January 23, 2017 Unusually low level of fines handed down by City watchdogs in 2016 will not be repeated this year, with new rules and a broadening of remits likely to mean more penalties are on the cards in 2017. Fines issued by the Financial Conduct Authority (FCA) fell by 97 per cent in 2016 compared with the year [...]
Prime Minister’s talks with Donald Trump to build on special relationship January 22, 2017 Prime Minister Theresa May will use her visit to see US President Donald Trump to build on the “special relationship” between the two countries, but won’t be afraid to speak out on anything “unacceptable”. On Friday, May will be the first foreign leader to visit to the White House and meet the new US president since [...]
Undercover investigation reveals raft of failings from data-selling firms January 21, 2017 An undercover investigation has revealed the miniscule cost of buying personal information from data-selling firms. Posing as a would-be pension scammer, consumer group Which managed to access details of members of the public for as little as 4p. The investigation also highlighted significant failings by data-selling firms in undertaking sufficient due diligence on who it is [...]
Cycling firm Velusso offers premium biking trips in the Balearics. We geared up to take them for a spin January 20, 2017 Cycling holiday firm Velusso has grand designs on satisfying the needs of City cycling enthusiasts. Its aim: to combine a luxurious break with a darn good workout while providing snippets of what it’s like to be a member of the Olympic cycling team. The post-London Olympic cycling boom led to increasing numbers of cycling holiday [...]
Royal Bank of Scotland flogs £235m of investment grade shipping loans to Japanese bank January 20, 2017 Royal Bank of Scotland (RBS) has sold £235m of Greek shipping loans to Japanese firm Orix in an attempt to bolster the coffers of the majority state-owned bank. The sale is considerably smaller than the original $3bn deal to sell the whole of RBS' Greek shipping business to Orix, and a narrower portfolio compared with $600m of debt [...]
Nissan boss fails to commit to the Britain until Brexit details are known throwing firm’s UK future into doubt January 20, 2017 Nissan will only decide the fate of its UK's operations when the terms of Britain's exit from the EU become clear, boss Carlos Ghosn said today at Davos. Last October, Prime Minister Theresa May sparked controversy by providing a "letter of comfort" to Nissan saying that the UK's Brexit strategy would not harm the carmakers export competitiveness. While [...]
BT has hiked prices and scrapped free TV coverage of Premier League and European football January 20, 2017 Free Champions League and English top flight TV coverage will end from next season as the BT has revealed plans to start charging customers for its BT Sport packages. The telecoms giant has announced a raft of price increases across its line rental and broadband offerings so customers can enjoy what BT called a "better package [...]
