Here’s what a Trump victory could do to the price of gold July 26, 2016 Controversial US presidential candidate Donald Trump's ascendance to the White House would be good for gold, as his policies are likely be bad news for the US economy. To-date, Trump has launched verbal assaults on big corporations, as well as large mergers and acquisitions, and most recently threatened to pull the US out of the [...]
The first strike action in a generation by North Sea oil workers is taking place today July 26, 2016 Hundreds of North Sea oil workers have agreed to down their tools for the first time in a generation today. Nearly 400 members of trade unions Unite and RMT will take part in a 24-hour stoppage. They work for Wood Group across eight oil platforms. This will be followed by a series of other strikes [...]
London-listed miners lose out as gold demand dampens July 25, 2016 Gold miners were some of the biggest losers in London today, as demand for the precious metal waned amid assurances global policymakers would do all they could to help the economy. Fresnillo closed down 1.64 per cent to 1,801p per, while its peer Rangold Resources slipped 3.39 per cent to 8,550p and Centamin slumped 4.72 per cent to 151.3p. [...]
Global oil falls below $45 as oversupply concerns weigh July 25, 2016 Oil dropped to a two-month low today, amid concerns that the persistent global glut of crude and refined products isn't shrinking quickly enough. Brent crude, the global benchmark, was last down 1.46 per cent to $44.94 per barrel. Meanwhile, its US counterpart, West Texas Intermediate crude, slumped 1.95 per cent to 43.33 per barrel. Hedge [...]
This chart shows why UK North Sea strikes won’t affect oil prices July 25, 2016 While North Sea oil workers will grab Britain's attention when they go on strike tomorrow, global crude markets are unlikely to notice. The 24-hour stoppage will see 400 Wood Group employees walk out of eight platforms which are owned by Royal Dutch Shell. And it's expected to be followed by additional strikes over the following weeks. Read more: Date set [...]
Being popular pays: Why workers who find jobs through friends earn more July 25, 2016 Developing new skills, taking on an ambitious project or studying for a qualification around work hours are tried and tested ways of boosting your pay check. But new research suggests the secret to landing a higher paid job is a good circle of friends, both inside and outside of the workplace. Read more: This is how many [...]
North Sea oil tycoon warns against second indy ref July 25, 2016 One of Scotland's most successful businessmen, Sir Ian Wood has urged Nicola Sturgeon not to call a second independence referendum. It comes as Sturgeon prepares to make a speech later today, outlining five Brexit demands for Scotland which could trigger a second Indy ref in the next two years. Read more: Date set for first North Sea [...]
Rolls-Royce to reveal £2bn loss after sterling tumbles post-Brexit vote July 24, 2016 The turmoil wrought by Brexit on currency markets is likely to translate into a large paper loss for Rolls-Royce. The engineering group's half-year results due out on Thursday are expected to show a statutory loss of about £2bn, due to the pound's plunge after the UK voted to leave its biggest trading partner. This is because the FTSE 100-listed [...]
Hinkley Point decision due as government restates commitment to nuclear July 24, 2016 French energy giant EDF will make its final investment decision on Hinkley Point C next week, as the government assures international investors of its continued commitment to nuclear power. EDF recently announced that the final investment decision (FID) will be taken at a board meeting on Thursday, much earlier than expected. It had been pushed back until September, as EDF consulted [...]
