Government injects £120m into Ineos’s Grangemouth plant Energy The government has piled over £100m into Britain’s last remaining ethylene plant in Grangemouth, saving hundreds of livelihoods after its owner warned that sky-high energy costs had left it on the brink of closure. Ministers inked a “landmark partnership” with Sir Jim Ratcliffe’s Ineos on Wednesday to secure the future of the Falkirk plant, which [...]
Ineos blasts ‘industrial self harm’ as firm battles Brussels over dumping Industrials Ineos has accused Brussels of “industrial self harm” as the company fights back against what it described as “dumping” of imports to Europe from Asia. The chemicals company, controlled by billionaire Sir Jim Ratcliffe, today confirmed that it has filed or is in the process of filing ten major anti-dumping cases with the European Commission, [...]
Petroineos: Sir Jim Ratcliffe-backed energy giant loses $250m Energy Petroineos, the energy trading company backed by Sir Jim Ratcliffe, lost $250m (£187.5m) in 2024 as it slumped into the red for the first time since 2020, it has been revealed. The Jersey-based business has reported the pre-tax loss after posting a profit of $30m in 2023. The results for the previous financial year were [...]
Sir Jim Ratcliffe: Act now or five million jobs will be lost October 9, 2025 Sir Jim Ratcliffe has called on Europe’s leaders to save the continent’s chemicals industry or risk losing millions of jobs. The founder and chairman of Ineos has urged politicians to make an “eleventh-hour intervention” at what he has described as a “moment of reckoning” for the industry. Sir Jim, who is also known as a [...]
Sir Jim Ratcliffe’s Ineos issues ‘urgent warning’ amid job cuts October 7, 2025 Sir Jim Ratcliffe’s Ineos is to cut 20 per cent of the workforce at its Acetyls plant at Hull, it has been confirmed. In total, 60 jobs are set to be lost in what the group said was a “direct result of sky-high energy costs and anti-competitive trade practices”. Confirming the news, Ineos blamed “dirt-cheap [...]
Mandelson scandal is sickening, but it’s the economy that’s fatal for Starmer September 11, 2025 Despicable Peter Mandelson is deeply damaging for Keir Starmer, but it’s the economy that will collapse his government, says Alys Denby Jeffrey Epstein’s ‘birthday book’ is a sickening document. It doesn’t just contain damning messages from Donald Trump and Bill Clinton, but a cartoon depicting the financier grooming children to give him lewd massages, images [...]
Man United shareholder, Ratcliffe’s Ineos, buys into Castore with Belstaff deal August 28, 2025 Manchester United minority owner Sir Jim Ratcliffe’s Ineos has announced a “significant strategic investment” into premium sports apparel brand Castore. The petrochemicals company will invest in the British clothing brand as part of a deal which will see Castore acquire 100 per cent of Ineos-owned Belstaff on a “debt-free, cash-free” basis. Castore enjoys sporting sponsorship [...]
Biggest manufacturers expected to pay £685m more in tax June 30, 2025 Manufacturers across the UK will have to cough up £685m more in new property taxes next year, new research has suggested, adding costs to several businesses which are struggling to boost output and already cutting back on headcounts. The government last week said it was ready to address high electricity prices for up to 7,000 [...]
Man United owner Ratcliffe sees fortune plummet £6.5bn May 16, 2025 Manchester United co-owner Sir Jim Ratcliffe has seen his fortune plummet by £6.5bn in just one year. The latest edition of the Sunday Times Rich List sees the Brit drop to seventh with an estimated wealth of £17bn, down £6.47bn on his fortune last year. He’s been jumped by Sir James Dyson, Israeli businessman Idan [...]
Profit slump revealed at Jim Ratcliffe-backed Petroineos ahead of major closure May 15, 2025 Profitp at Petroineos slumped in the months leading up the closure of its Grangemouth refinery, heavily delayed accounts have revealed, as the energy trading company wrestled with economic uncertainty, supply chain shocks and a shift away from fossil fuels. The Jersey-based business, which is backed by billionaire Manchester United owner Sir Jim Ratcliffe, posted a [...]