Uranium miner Aura Energy to list on the Aim market August 15, 2016 Aura Energy announced today it it's seeking a dual-listing on London's junior market, to help it meet an anticipated rise in the world's demand for nuclear energy. The uranium mining firm, which is already listed on the Australian Securities Exchange, wants to raise its profile and attract European investors. Read more: Companies aim away from junior [...]
Government plans for fracking payments fail to entice public August 15, 2016 Government plans for sizeable payouts to households located near fracking sites haven't been enough to whet the public's appetite for the controversial process. The Shale Wealth Fund, which could be worth up to £1bn and result in individual households receiving as much as £10,000, was unveiled by Prime Minister Theresa May last week. Read more: Third Energy gets fracking go-ahead [...]
UK government could fall back on get-out clause for Hinkley August 14, 2016 A get-out clause could let Prime Minister Theresa May withdraw crucial funding for the controversial Hinkley Point C nuclear power plant project if she chose to use it. May recently kicked backed the government’s decision on the £18bn project — reportedly due to security concerns regarding Chinese investment. There are fears that its complete abandonment would spark [...]
Anglo American under pressure to hive off its South African operations August 14, 2016 Anglo American is being pressured by its largest investor to spin off its South African operations, a move which could lead to the eventual break-up of the mining giant. South Africa’s pension fund, the Public Investment Corporation (PIC), reportedly wants Anglo to package and sell its platinum mines there to a state-backed vehicle. Read more: Unions warn tens [...]
BHP Billiton due to report largest loss since its inception August 14, 2016 Struggling mining giant BHP Billiton is expected to reveal a historical near $7bn (£5.4bn) loss in its full-year results next week. Analysts have predicted that the Samarco dam disaster and a tough business environment led to the largest loss in BHP's history, which goes back to the 1850s. Read more: BHP Billiton downgraded by Moody’s "This represents BHP Billiton's largest corporate [...]
The £30 hack which could unlock “millions” of Volkswagen cars August 12, 2016 Researchers have more bad news for embattled Volkswagen. The car marker, which found itself at the centre of a global emissions scandal last year, is the subject of an academic paper which says a large number of its vehicles sold since 1995 can be easily unlocked by hackers. And all hackers need to unlock a Volkswagen car — which [...]
Junior gold miner Hummingbird Resources taps up fund manager Fidelity August 12, 2016 Aim-listed gold miner Hummingbird Resources has tapped fund manager Fidelity for $4m (£30.86m) as part of its latest funding round. Hummingbird said today that it's placed 11.1m new shares at 26p each. Investor interest has been stirred by a near 30 per cent jump in bullion prices this year. This comes after a £45.8m fundraising earlier this year, which bought [...]
Fresh wave of North Sea oil strikes suspended as talks restart August 12, 2016 A third round of strikes on Shell's North Sea platforms have been suspended to restart talks between Wood Group and trade unions. A series of strikes had been planned by workers of oil services firm Wood Group on Shell's Curlew, Brent Alpha, Brent Bravo, Nelson, Gannet, Shearwater, Brent Charlie platforms between 15 August and 3 September. [...]
Tata Steel could finalise a rescue deal for Port Talbot next quarter August 12, 2016 Tata Steel could finalise a rescue deal for its UK assets, including the Port Talbot steelworks, as early as next quarter. The Indian congolomerate first revealed its UK business was under review in February. It recently paused the sales process to explore a merger of its European operations with rival firm ThyssenKrupp. Unions previously urged Tata to provide [...]
Npower wins scores of customer as turnaround plan takes hold August 11, 2016 An army of UK customers charged back to Npower last month, as the big six energy giant's turnaround efforts began to bear fruit. RWE Npower was beset by billing problems last year, which left it unable to charge some of its customers. This prompted it to install new senior management and kickstart a restructuring. Peter Terium, chief executive [...]
