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Breaking News
BREAKING: Bank of England hikes interest rates for tenth time in a row

Ineos

  • Ineos founder Ratcliffe ‘formally’ enters race to buy Manchester United

    in the race

    Founder of Ineos and one of Britain’s richest men Sir Jim Ratcliffe has officially entered the race to buy Premier League club Manchester United. The current owners, the Glazer family, have appointed a merchant bank – believed to be the Raine Group – to take bids for the Manchester Club, which could fetch up to [...]

  • Ineos in talks with Rolls-Royce to build mini nuclear reactor and power Scottish chemical refinery

    MINI NUCLEAR REACTOR

    Ineos is reportedly in talks with Rolls-Royce to build a mini nuclear reactor and power its Scottish chemical refinery.  Jointly owned by China’s PetroChina, the Grangemouth factory will need to reach net-zero by 2045 to comply with the Scottish government’s environmental targets, the Sunday Telegraph reported. While Scottish First Minister Nicola Sturgeon has opposed the [...]

  • Ineos presented with £1.2bn bill to make Defender’s rival

    £1.2bn bill

    Ineos Automotive has been presented with a £1.2bn bill for its efforts to manufacture a rival to Land Rover’s Defender.  Since its 2017 foundation, the car maker – a subsidiary of chemicals giant Ineos Industries – has faced several challenges, as first reported by the Sunday Times. Ineos doubled its losses to €212m (£193m) in [...]

  • Chelsea sale: Sir Jim Ratcliffe bid ‘rejected out of hand’ by Roman Abramovich’s bankers

    May 4, 2022

    Sir Jim Ratcliffe’s bid for Chelsea has been “rejected out of hand”, according to senior figures at his business the Ineos Group. The British petrochemicals billionaire made an 11th-hour offer for the Premier League club last week which comprised £2.5bn plus a commitment to invest a further £1.75bn. But Ratcliffe has indicated that he is [...]

  • Ineos strikes deal with New Zealand Rugby to add All Blacks to sporting stable that includes Formula 1, cycling and football teams

    July 28, 2021

    New Zealand Rugby has announced Ineos is to become its official performance partner in a six-year deal beginning in 2022. The deal sees New Zealand Rugby’s national teams, including the All Blacks and the Black Ferns, join the growing Ineos sporting stable, which is owned by British billionaire Sir Jim Ratcliffe. They will join Mercedes-AMG [...]

  • Ineos snaps up Danish oil and gas fields for $150m

    March 18, 2021

    Ineos today said that its energy subsidiary had snapped up Danish firm Hess’ oil and gas assets for $150m (£107m). The deal will see the conglomerate take control of the remaining 61.5 per cent stake in the Syne Ard oil field, as well as 4.8 per cent stake in the Solsort field. It is the [...]

  • Sir Jim Ratcliffe’s Ineos confirms new 4×4 will be built in France

    December 8, 2020

    Sir Jim Ratcliffe’s Ineos today confirmed that it would build its new 4×4 car in France, putting an end to hopes that it would do so in Wales. Back in August it was revealed that the petrochemicals company was in talks to buy a factory at Hambach from Mercedes-Benz. The Hambach site currently manufactures smart [...]

  • Ineos inks deal with Hyundai for hydrogen-powered Grenadier 4×4

    November 23, 2020

    Sir Jim Ratcliffe’s Ineos will work with South Korean auto giant Hyundai to assess whether its new Grenadier car can be powered by hydrogen fuel cell. The assessment is part of a new deal between the two firms to explore new hydrogen power technologies across a number of sectors. The Grenadier, which is set for [...]

  • Sir Jim Ratcliffe’s Ineos to build new 4×4 in France

    August 26, 2020

    UK car manufacturing suffered another blow today after it emerged that Sir Jim Ratcliffe’s Ineos had made an official offer to buy a factory in France to build its new 4×4.  The billionaire was understood to have been in talks with the Welsh government to build a new factory in Bridgend for the car, a [...]

  • Coronavirus: Chemicals giant Ineos to build hand sanitiser factory in 10 days

    March 24, 2020

    Chemicals giant Ineos will build a hand sanitiser factory in 10 days that will produce 1m bottles a month as more UK firms join efforts to curb the spread of coronavirus. Ineos, which is owned by the UK’s third richest man Sir Jim Ratcliffe, is already Europe’s largest producer of the two chemicals needed to [...]

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Trending Articles

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  • Bank of England expected to raise interest rates by 50 points to post financial crisis high of four per cent

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