Keystone XL still faces obstacles even with Trump’s approval January 26, 2017 President Donald Trump moved to fulfill one of his campaign promises on Tuesday, signing an executive order to revive the Keystone XL and Dakota Access Pipelines. The former had been rejected outright by the Obama administration while the latter had been given an indefinite delay. The industry hailed the executive order, but just because President [...]
TV presenter Noel Edmonds secures Therium litigation funding for Lloyds HBOS legal battle January 31, 2018 TV presenter Noel Edmonds has secured millions of pounds of litigation funding for a legal battle with Lloyds Banking Group over the actions of HBOS before it was acquired. Therium Capital Management, which specialises in funding expensive legal cases, has agreed a "seven-figure" funding package for Edmonds' claim. The former Top of the Pops and [...]
UK’s second listed law firm Gordon Dadds doubles profit in first results since IPO November 28, 2017 Gordon Dadds, which became the second law firm to list on London’s public markets in August, has more than doubled its profit in the last year as it revealed its first results since the stock market float. The Aim-listed firm saw its revenue increase by 14.5 per cent to £12.89m, as adjusted profit before tax [...]
Gulf Keystone Petroleum receives payment for its September oil exports from the Kurdistan Regional Government December 5, 2016 Gulf Keystone Petroleum today confirmed it has received a gross payment of $15m (£11.8m) for September crude oil exports from the Kurdistan Regional Government. The London-listed oil group and the Kurdish government’s ministry of natural resources “continue to work towards agreeing the final form of invoices for May through September 2016”, Gulf Keystone said in a [...]
Gulf Keystone Petroleum share price falls more than seven per cent on completion of major debt deal October 14, 2016 Shares in Gulf Keystone Petroleum slid more than seven per cent this morning as the Kurdistan-focused oil producer completed a finance restructuring deal that has left its investors with next to nothing. The transaction, which was announced in mid-July, will shrink the company's debt burden from $600m (£492m) to $100m and help it raise $25m of new equity, via [...]
New Queensferry Crossing creating a catalyst for investment September 13, 2017 The royal opening of the Queensferry Crossing, signalled the successful culmination of the biggest infrastructure project in Scotland for a generation. Exactly 53 years since Her Majesty opened the adjacent Forth Road Bridge, The Queen officially cut the ribbon to open the £1.35bn Queensferry Crossing on Monday 4 September 2017. World-class engineering The new iconic [...]
Gulf Keystone shares plummet as shareholders effectively wiped out July 14, 2016 Kurdish oil producer Gulf Keystone tumbled today after a desperately-needed funding agreement left shareholders with next to nothing. They will hold on to just five per cent of the company, with bondholders owning a majority stake. Read more: North Sea oil workers back strike action as tensions mount Its shares tanked as much as 44.04 per cent to [...]
City Moves for 16 February 2017 – who’s switching jobs? February 16, 2017 Today's City Moves cover a tax advisory firm, property and legal eagles. Take a look at these movers and shakers: Lancaster Knox LLP Heather Williams has joined Lancaster Knox LLP, the tax advisory and investigations specialists of the Knox Group, as director of tax investigations. Heather brings extensive experience in managing, resolving and litigating disputes [...]
Gulf Keystone plummets as debt repayment fears mount April 14, 2016 Shares in Gulf Keystone Petroleum tumbled today after the Kurdistan-focused oil producer warned that it could miss a bond payment later this month. The London-listed company said it would utilise a grace period regarding payments that are due 18 April on bonds which expire 2 May and 3 May respectively. Its shares fell as much as 33.1 per cent to 4.7p [...]
The oil boss who wants to bore you October 31, 2016 Gulf Keystone’s finance chief tells Francesca Washtell of his plan to quietly repair the oil firm. From his relaxed demeanour, it’s hard at first to believe Sami Zouari, Gulf Keystone Petroleum’s chief financial officer, when he says he found it an “exhausting” process bringing the company back from the brink. Earlier this month, the Kurdistanfocused [...]