Why it pays for TV networks to have their own flagship shows August 2, 2016 Fans are often frustrated by the fact TV network HBO's smash hit series Game of Throne isn't available on rival platforms such as Netflix. But new research suggests that holding onto exclusivity rights isn't just good for TV operators, it also benefit consumers. Read more: Play your own Game of Thrones in Northern Ireland Other [...]
Premier Oil granted more breathing space as debt talks continue August 1, 2016 EMBATTLED oil explorer Premier Oil was handed more time to renegotiate its debts arrangements with lenders yesterday, amid the stubborn price rout. The FTSE 250-listed firm said today that a test of financial covenants for the 12 months ended 31 July had effectively been pushed back by a month. It comes after a similar extension in June, which Premier [...]
Petrofac auditors find “no evidence” to support bribery allegations August 1, 2016 Petrofac said today that an independent investigation had found no evidence it was involved in a global scandal over bribery and corruption on the oil industry. The FTSE 250-listed firm called in lawyers and accountants after leaked documents suggested Monaco-based Unaoil paid bribes on behalf of oil companies including Petrofac to win contracts. "The independent investigation has thoroughly investigated [...]
Oil price tumbles as slow recovery stokes negative sentiment August 1, 2016 Oil reversed earlier gains to slip into negative territory today, as increased Opec production and more US oil rigs left crude investors feeling glum. Brent crude, the global benchmark, fell 2.11 per cent to $42.61 per barrel this afternoon, having risen as much as 0.74 per cent to $43.85 earlier in the day. Meanwhile, its US [...]
Platinum miner Lonmin shares fall as it flags political headwinds August 1, 2016 Shares in Lonmin fell as much as two per cent per cent to 233.5p per share today, after the platinum miner warned it could be hit by political and industrial headwinds in the near future. It came as the broader mining sector was boosted by a better-than-expected economic data release out of China, the world's [...]
China urges Hinkley approval as its state media scolds security concerns August 1, 2016 China urged the UK government to press ahead with the Hinkley Point C nuclear power plant, after it delayed making a final decision until October. Reports suggest Prime Minister Theresa May pushed back final approval last week because of security concerns regarding the involvement of China's state nuclear company, which would own about a third of the project. [...]
Fintech startup wants individual investors to buy big corporate bonds August 1, 2016 Fintech start-up wiseAlpha wants smaller investors to take a bite out of the multi-billion pound corporate bond market. The online investment platform is widening access to individual corporate bonds for UK companies such Enterprise Inns, Vue Entertainment and New Look for as little as £100. wiseAlpha will issue notes, which are backed by loans or bonds it [...]
Union calls on Tata Steel to clarify intentions for Port Talbot July 31, 2016 The steelworkers' union Community has called on Tata Steel to clarify exactly what its intentions are for Port Talbot steel plant and the wider industry. "They need to be clearer this is where we are, this is what needs to happen and this is what the government needs to do," a Community spokesperson told City [...]
Isis fighters launch attack on key oil field in Northern Iraq July 31, 2016 At least five workers were killed and major oil pumping was shut down after Islamic state militants attacked a gas facility and an oil field in Northern Iraq today. Four employees were shot dead and two guards left critically injured after four gunmen stormed an AB2 gas compressor station in the early hours of this morning. [...]
Building suppliers to provide health check for UK construction July 31, 2016 Two building materials suppliers' results next week will shed light on the outlook for the UK construction industry. Builders across the country rely on the likes of Travis Perkins and Ibstock for their bricks, cements and roofing materials — meaning their results act as a litmus test for the wider sector’s health. Read more: This company just proved bricks [...]
