The OECD becomes the latest in a long line of forecasters to downgrade UK GDP growth prospects after EU referendum November 28, 2016 UK growth will fall sharply in 2017 as uncertainty following the vote to leave the European Union weighs on Britain’s prospects, according to an influential intergovernmental trade group. Real GDP growth will decline from two per cent for this year to 1.2 per cent in 2017 and one per cent in 2018, according to the Economic [...]
May to lead “historic” summit with Polish government November 28, 2016 Prime Minister Theresa May will today welcome her Polish opposite number to London at the start of what Downing Street is branding a “historic” cross-government summit. May will host Prime Minister Beata Szydlo for talks on Brexit and defence co-operation, while senior ministers from both sides will also meet at Lancaster House. British ministers expected to [...]
House of Fraser CEO Nigel Oddy has resigned after less than two years at the helm as Christmas trading looms November 27, 2016 House of Fraser chief executive Nigel Oddy has resigned less than two years after taking up the post, leaving the retailer hunting for a new boss at the start of the vital Christmas trading period. Oddy will leave at some point in the new year once the company’s board has found his replacement, the company confirmed. [...]
Saudi Arabia won’t meet with non-Opec oil producers November 25, 2016 Saudia Arabia has told the Organisation of Petroleum Exporting Countries (Opec) that it won't attend talks with non-Opec producers due to be held next week. Opec is scheduled to discuss supply rates with producers that aren't a part of the cartel on Monday, with Opec oil ministers meeting on Wednesday to hammer out a final deal. However, [...]
Magnus: this chess documentary charts the genesis of genius November 24, 2016 Of all the sports in the world, competitive chess is not one that inspires Hollywood-style underdog stories. But this tale of the genesis of genius is, in its own way, as compelling as any blockbuster. People of a certain age, of course, will remember the epic battle of minds that was Garry Kasparov vs Bobby [...]
Brent crude and West Texas Intermediate crude oil prices lift as Iraq indicates it will cut production and US stockpiles fall November 23, 2016 Oil prices were lifted this evening after Iraq signalled it is willing to "shoulder responsibility" for part of Opec's planned production cut and data showed US crude inventories declined by 1.3m barrels. Iraq, a key member of the 14-member consortium, had previously called for it to be exempt from efforts to strike a final slash to output [...]
Shares in Aim-listed nickel sulphide explorer Amur Minerals skyrocket 200 per cent in a month November 23, 2016 An Aim-listed nickel sulphide explorer's share price has risen 200 per cent in the last month and 60 per cent in the last five days after a slew of new agreements. Amur Minerals, which is developing the Kun-Manie nickel, copper and sulphide project in the far east of Russia, got a 21 per cent share [...]
Brent crude oil price dips after eyeing $50 a barrel and West Texas Intermediate crude also slides November 22, 2016 The benchmark oil price pared back earlier gains today, after edging close to $50 a barrel. Brent crude rose as high as $49.96 before losing around one per cent, or 51 cents, on the Monday’s close to reach $48.39 a barrel during early evening trading in London. West Texas Intermediate crude, the US benchmark, slid 1.7 [...]
Oil prices rally more than four per cent as Opec deal optimism and weaker dollar buoy the market November 21, 2016 Oil prices rallied to their highest levels in three weeks today as a weaker dollar and hopes that Opec will seal an output deal next Wednesday boosted the market. Global benchmark Brent crude was edging closer to $50, trading up 4.7 per cent, or $2.20, to $49.06 yesterday evening. US sweet crude was up 4.6 [...]
Oil continues upward moves despite dollar strength as Putin raises Opec cut hopes November 21, 2016 Oil prices continued their upward move since Friday on expectations that Opec would agree to a production cut at their next meeting. The rise came despite the US dollar’s continued move higher, which usually has a negative effect on commodities traded in dollars. Futures for West Texas Intermediate, the US oil benchmark, were up more [...]