Gulf Keystone share price tumbles on funding concerns March 17, 2016 Shares in Gulf Keystone tumbled as much as 18.3 per cent to 9.8p this afternoon, after the oil producer warned it could struggle to meet debt repayments next month. The Kurdistan-focused oil producer flagged "material uncertainties" regarding its ability to meet coupon payments in April and October, as well as the debt repayment of $250m April 2017 and $325 million [...]
Oil price sinks as Keystone shutdown fails to prevent US stockpile build at key Cushing hub April 7, 2016 The price of a barrel of oil has slid by around two per cent today after the shutdown of the Keystone pipeline last week failed to hold back the rising tide of oil. Inventories at the Cushing, Oklahoma delivery hub added 255,804 barrels according to market intelligence firm Genscape. Brent crude was trading at $38.81 at the [...]
Donald Trump plans “big day” for national security including setting the foundations for Mexico border wall January 25, 2017 The President has said a "big day" is planned on national security – and that includes an update on the proposed wall on the border between Mexico and the US. Donald Trump tweeted: "Among many other things, we will build the wall!" Big day planned on NATIONAL SECURITY tomorrow. Among many other things, we will [...]
Donald Trump urges car giants Ford, General Motors and Fiat Chrysler to build new plants in the US January 25, 2017 US President Donald Trump has urged the heads of car companies to boost production in the US and promised to slash “out of control” regulations to attract more investment. Trump yesterday also signed executive orders for construction of the controversial Keystone XL and Dakota Access oil pipelines, which had been thrown into doubt under his [...]
Jamie Oliver to buy back his Jamie’s Italian restaurants in Australia November 3, 2016 Jamie Oliver's on a mission Down Under. The celebrity chef is set to buy back his Jamie's Italian restaurants business in Australia, after Keystone Group (which ran the operation) collapsed and put the franchise up for sale. Receiver Morgan Kelly from Ferrier Hodgson confirmed Jamie Oliver Group was the preferred bidder for the six restaurants, [...]
Jamie’s Italian to slim down with restaurant closures January 6, 2017 Jamie's Italian is slimming down. The celebrity chef's restaurant group is shutting six of its outlets, which are likely to be sold in the first quarter of this year. The Brexit vote has been weighing on the business, and Jamie's has decided to close the restaurants which aren't getting enough people through the door. Campaign group [...]
Freezing Londoners’ travelcards would have cost City Hall £132m a year January 19, 2017 Expanding London Mayor Sadiq Khan's controversial fares freeze to include Londoners' travelcards would cost City Hall a total of £132m a year. Khan campaigned on the basis of freezing the capital's travel costs for four years, but it later emerged that this would affect only a limited selection of travel costs. Only single and pay-as-you-go fares are including [...]
Tory Brexiteer Nadim Zahawi says the UK should pay into the EU budget to secure tariff-free Single Market trade October 30, 2016 A leading Conservative Brexiteer has called on the government to maintain contributions to the EU's budget to secure tariff-free trade. Nadim Zahawi, who previously served as David Cameron's apprenticeship adviser, said the UK should continue to pay “a proportion” of the £13bn paid into the EU. Writing in the Mail on Sunday, Zahawi said Brexit leaves [...]
Genel and Gulf Keystone Petroleum share price: Oil firms rise as KRG boosts confidence February 1, 2016 Shares in London-listed oil firms Genel and Gulf Keystone Petroleum jumped today on the news that they could recoup hundreds of millions of dollars in overdue payments from the Kurdistan Regional Government (KRG). Shares in Gulf Keystone rose as much as 43.43 per cent to 17.57p per share this afternoon, while Genel gained as much as 6.75 per cent to 111.55p this [...]
Brent crude and West Texas Intermediate crude oil prices rebound as dollar surge weakens and Opec hopes revive November 18, 2016 Oil prices rebounded this morning after a surge in the US dollar weighed on the black stuff and took Brent crude below $46 and US sweet crude under $45. Brent crude flat at $46.49 a barrel this morning, lifting from a low of $45.78, as optimism that the Organisation of the Petroleum Exporting Countries (Opec) managed [...]