Oil prices climb as investor attention turns to Opec’s November meeting September 28, 2016 Oil prices rose today after industry data showed a surprise draw in US crude stocks and Saudi Arabia stirred hopes for a freeze deal at Opec's meeting in November. Brent crude, the global benchmark, rose as much as 0.94 per cent to $46.39 per barrel. Its US counterpart, West Texas Intermediate, swelled as much as 0.91 per cent to [...]
Brits are working an extra hour and 12 minutes everyday compared to 10 years ago September 28, 2016 If you feel like you're spending more time at work, new research suggests you're not alone. The Institute of Practitioners in Advertising's (IPA) annual TouchPoints survey of 5,000 people found that Britons are working an additional hour and 12 minutes per day in the workplace, an increase of 22 per cent since 2005. Read more: Forget the work-life balance, we [...]
Mark Carney warns North Sea industry turmoil to “persist for some time” September 28, 2016 Bank of England governor Mark Carney has warned that the crisis engulfing the North Sea oil and gas industry is likely to “persist for some time”. An estimated 120,000 jobs will have been lost by the end of this year due to the oil price slide which began in mid-2014. Carney added that the turmoil was [...]
Randgold Resources boss warns gold industry faces a supply crunch September 27, 2016 The boss of FTSE-listed miner Randgold Resources has warned that the gold industry is facing a supply crunch. Speaking in Johannesburg, South Africa yesterday, Mark Bristow told local mediathat global gold output was likely to peak in 2019 before coming down sharply. He attributed this to a dearth of new discoveries alongside cost cutting measures which mean miners are not replacing their [...]
S&P warns European utilities’ nuclear liabilities have “shot up” September 27, 2016 Standard & Poor's said today that European utilities' nuclear liabilities "shot up" over the past 18 months and have moved "well beyond" the €100bn (£86bn) mark. The credit ratings agency warned that typically long-term liabilities are becoming more short-term and sometimes carry immediate funding needs. Read more: Dismantling Europe's old nuclear power plants will run up a [...]
United Utilities rises as trading remains in line with expectations September 27, 2016 Shares in United Utilities rose as much as 1.27 per cent to 998.50p per share today after it said first half trading remained in line with expectations. The London-listed firm expects group revenue to be slightly lower in the first half of 2016-17 due to the accounting impact of its Water Plus joint venture with Severn Trent. But underlying [...]
How your boss can influence your political beliefs September 27, 2016 Managers often decry how hard it is to "get inside" their employees' heads, but when it comes to politics they appear to be doing it with relative ease. A new paper released earlier this month entitled "Do CEOs affect employees' political choices?" found that a chief executive's political beliefs can result in their workers contributing three times [...]
First US shale gas shipment arrives in the UK as fracking debate rages September 27, 2016 The first ever shipment of US fracked gas is set to arrive in Britain this morning amid an increasingly fiery debate about the future of fracking in the UK. Billionaire Jim Ratcliffe's petrochemical company Ineos will take a delivery of a tanker carrying 27,500m3 of ethane at its Grangemouth plant in Scotland. The imported shale gas will replace dwindling supplies [...]
