Total sells Canadian oil sands operation to Suncor Energy in £3.3bn deal April 27, 2023 Energy major Total Energies has accepted an offer to sell its carbon-heavy Canadian oil sands operations to Suncor Energy for £3.3bn.
Short seller issues fresh warning to Labour MP after suggesting Kremlin links April 27, 2023 Labour MP Liam Byrne has come under fresh pressure from City short-seller Fraser Perring today after failing to cough up evidence for his allegations the investor was acting on behalf of the Russian state.
Our relationship with China has been overhauled, but it’s still a crucial one for the City April 27, 2023 Next Monday, Virgin Atlantic planes between London Heathrow and Shanghai will resume. This reopens many symbolic and actual possibilities for our relationship with China, writes Juha Jarvinen
Pernod restarts exports of Beefeater gin to Russia – but Absolut vodka still contraband April 26, 2023 The world’s second-largest wine and spirits seller Pernod Ricard has restarted exports to Russia but insists it’s “not business as usual”. Beefeater gin will once more be drank in Moscow bars following the decision which was condemned by the Moral Rating Agency as “disgusting as it is ironic”. The company insisted it stands “firmly with [...]
UK and EU hope to use North Sea to fight Putin’s energy supremacy April 25, 2023 The UK has joined forces with its European allies to ramp up renewable energy generation and bolster the continent's security of supplies.
Exclusive: 777 Partners confirm they’re looking at ‘interesting assets’ amid Everton takeover rumours April 24, 2023 777 Partners has confirmed it is “looking for interesting assets” amid reports that the US investment group is close to takeover of struggling Premier League club Everton. Owner of the British Basketball League and its leading club London Lions, as well as European football clubs Hertha Berlin and Genoa, 777 has been on a buying [...]
The Notebook with Bill Browder: The UK must do more to support Vladimir Kara-Murza April 24, 2023 The Notebook is where the City’s big names talk what’s most important to them. This week: Hermitage Capital Management’s CEO Bill Browder writes. Last Monday, my friend Vladimir Kara-Murza, a dual British-Russian national, was sentenced to 25 years in Russian prison. His crime? Simply speaking out against Putin’s murderous war in Ukraine. According to the [...]
Naftogaz held talks with US oil companies about energy projects in Ukraine April 22, 2023 State-owned gas company Naftogaz has held talks with Exxon Mobil, Halliburton, and Chevron about projects in Ukraine.
North Sea countries to pledge massive ramp up of wind energy April 22, 2023 Energy ministers from European countries surrounding the North Sea will pledge to quadruple offshore wind energy capacity.
Russia bombs its own city of Belgorod by accident April 21, 2023 Russia has accidentally bombed its own city, injuring two people. Residents of Belgorod, a city of 340,000 near Ukraine, first thought it was a Ukrainian attack but the Russian military quickly acknowledged one of its warplanes accidentally released the weapon. Belgorod has faced regular drone attacks that Russian authorities have blamed on Ukraine, but the [...]