Oil prices hit new 26 month low on China concerns September 15, 2014 The price of a barrel of oil slipped to a 26-month low during trading yesterday, hit by signs of a slowdown in China and despite the impact of new sanctions on Russia. Brent crude, the global oil benchmark, saw its price fall as low as $96.21 a barrel in trading on the Ice futures exchange, [...]
Hurricane Energy gets storming oil drill results off Shetland Islands September 15, 2014 British oil and gas explorer Hurricane Energy revealed yesterday that production from one of its projects off the Shetland Islands could be around double previous expectations following testing. The Aim-listed oil and gas explorer updated its estimates following test drilling on its Lancaster oil project to the west of the Shetlands. Hurricane revealed that it [...]
PwC revenues boosted as UK optimism rises September 14, 2014 REVENUES at PwC rose five per cent to £2.81bn in the last year, as the professional services firm highlighted a big increase in client confidence across the UK in a further sign of strengthening economic recovery. PwC revealed it had seen solid performance and growth across the board of its UK business, with regional areas [...]
Cain Hoy and Sager lead £400m Islington Square development September 14, 2014 The US private investment firm looking to buy Tottenham Hotspur is today revealing another push into the London market with a £400m development in Islington. Cain Hoy, which last week confirmed it is considering a cash offer for Tottenham, is partnering with developer Sager group on a joint venture to develop the 4.5 acre Islington [...]
Dubai Mall owner aiming for £1bn IPO in UAE’s biggest flotation since financial crisis September 14, 2014 The biggest flotation in the United Arab Emirates (UAE) since the global financial crisis seven years ago is underway as Dubai’s Emir Malls Group (EMG) is hoping to raise nearly $1.6bn (£983m) from the sales of shares. EMG is offering 2bn shares, worth around 15.4 per cent of equity, with the price range set [...]
Miner Mick Davis gets First Avenue on board to build $4bn war chest September 14, 2014 Mining magnate Mick Davis is believed to have hired more advisers as he looks to build on his $4bn (£2.5bn) funds while hunting assets for his new mining company. Davis has been working to build up funds since setting up X2 Resources following the sale of Xstrata to Glencore for $27bn last year. Now, in [...]
Oil hits two-year low as global recovery falters September 11, 2014 BENCHMARK Brent crude oil yesterday fell to a two-year low as increasing supply and signs of weakening demand countered worries that conflicts in the Middle East could curb output. The price fell as low as $96.72 (£59.57), its lowest level since July 2012, as the International Energy Agency (IEA) yesterday cut its global oil demand [...]
Ukraine conflict casts a chill on Gazprom as profits fall sharply September 11, 2014 GAZPROM took a huge blow to its profits in the first three months of 2014, as the conflict in Ukraine and a weaker rouble took their toll on the massive Russian gas supplier. Net profits at Gazprom, Russia’s largest company, fell 41 per cent in the first half of 2014 compared with a year before, [...]
Gatwick and Heathrow achieve record for passengers in August September 11, 2014 Rival airports Heathrow and Gatwick yesterday announced record passenger numbers for August, as they staked their claims for UK airport expansion plans. Gatwick said passenger numbers using its airport rose to 4.36m in August, up 8.2 per cent on last year, and representing the busiest month in Gatwick’s history. Gatwick also revealed it had handled [...]
Southeastern chuffed as it keeps franchise September 11, 2014 RAIL AND bus operator Go-Ahead received a boost yesterday as its majority-owned Southeastern train company had its franchise renewed for another four years. Southeastern, run by the Govia joint venture between Go-Ahead and France’s SNCF-owned Keolis, will keep its routes between London, Kent and some areas of East Sussex until June 2018, the government said [...]
