Waste giant Biffa has confirmed plans to float in London’s biggest IPO since the Brexit vote September 15, 2016 Biffa Waste Services today confirmed its intention to float on the London Stock Exchange in a deal which would reportedly value the firm at £1bn and propel it straight onto the main market. The company, which was forced to undergo a restructuring after the financial crisis, wants to raise £270m in what will be the biggest initial [...]
Three Hanjin charter ships sold as cargo freeze likened to “Lehman collapse” September 14, 2016 Three ships that had been chartered by troubled shipping firm Hanjin have been sold and two more put up for sale. The collapse of Hanjin – which filed for bankruptcy last month – has played havoc with global cargo flows and been likened to the Lehman credit freeze in terms of its effect on the industry. Brokers told Reuters one ship [...]
Shares in Aim-listed miner spike as it joins “white gold” rush September 14, 2016 Aim-listed Premier African Resources jumped today, after the miner said drilling had commenced at its Zulu lithium project in Zimbabwe. The programme is aimed at producing a maiden resource, as well as testing extensions to the current 3.5km strike length. The company's shares soared as much as 44.74 per cent at the open to 0.55p each, giving [...]
One in five chief executives are psychopaths, study says September 14, 2016 Most of us have listened to a family member, friend or colleague moaning about a "psychopathic" boss, but it appears there’s a chance their complaints are actually justified. Australian forensic psychologist Nathan Brookes' study found 21 per cent of 261 corporate professionals displayed psychopathic traits — far greater than the general population in which the rate is about one per [...]
Sir James Dyson calls for the UK to leave the EU Single Market September 14, 2016 Sir James Dyson has urged Prime Minister Theresa May to take the UK out of the European Union Single Market, even if that leads to an end of free trade and free movement of labour. The intervention comes despite warnings from economists that leaving the Single Market could cost the UK billions of pounds a year. But Dyson, who had [...]
Sky invests $1m in air Drone Racing League in the UK September 14, 2016 Sky said today it has invested $1m (£757,600) to bring drone racing to its new channel next month, as it announced plans to launch the first professional drone race in UK. The distribution deal with organiser The Drone League (DRL), whose competitions allow pilots to fly drones through three-dimensional racecouses, will enable the broadcaster to put on live events and screen [...]
UK ports form alliance in bid to create “gateway to a global North” September 13, 2016 The North of England's four main ports agreed a new partnership in parliament today, as they said £1bn of government funding could help create a "gateway to a global North". The Northern Ports Association — which will include Liverpool, Hull & Humber, Tees Valley and Tyne — will aim to create jobs, make importing and exporting easier and create prosperity [...]
UK wholesale gas prices to spike this winter after storage closure September 13, 2016 The UK is likely to experience supply crunches and price spikes this winter, in line with the volatility seen in 2013 when they hit multi-year highs on outages at a key European interconnector. Fitch-owned research firm BMI said today that problems at the UK's only large gas storage site, Centrica's Rough, meant it is "likely to experience deliverability issues over [...]
Public support for Hinkley falls to an all-time low as UK decision looms September 13, 2016 Public support for plans to build the Hinkley Point C nuclear power plant has fallen to an all-time low, a new poll has shown, ahead of Whitehall's widely anticipated decision on the project. The survey of 2,000 people, by Populus on behalf of Greenpeace, showed a quarter are in favour of Hinkley, while 44 per cent oppose it. [...]
Oil tumbles after IEA warns oversupply will last until mid-2017 September 13, 2016 Oil plummeted today after the International Energy Agency (IEA) pushed back its expectations for the long-awaited recovery of the embattled market. The Paris-based group said that the supply dynamic is unlikely to change significantly in the coming months, meaning it will remain oversupplied until at least the second half of 2017. It had previously forecast no surplus by this point. [...]
