Tullow Oil books $1.5bn writedown as it cuts outlook for oil prices January 15, 2020 Tullow Oil sounded the alarm on oil prices today, booking a $1.5bn (£1.15bn) writedown on its outlook after lowering its long-term oil price outlook. The energy firm slashed its prediction for oil prices by $10 to $65 a barrel, with underwhelming well exploration and a reduction in Ghanian reserves also contributing to the writedown. “Tullow [...]
Analysis: Can oil prices recover from the coronavirus crash? April 20, 2020 Global oil prices plunged again today amid heightened fears that some producers might have to stop pumping due to the rapid filling of the world’s storage facilities. West Texas Intermediate, the US benchmark, is in freefall, dropping 40 per cent today alone, whilst Brent crude fell over seven per cent. The collapse in prices, coupled [...]
Chelsea 4-0 Everton: Giroud and Gilmour lead Lampard to dominant win on a perfect day for the hosts March 8, 2020 This season Stamford Bridge has been nothing like a fortress. West Ham, Bournemouth, Southampton and Manchester United have all taken three points on visits to SW6. Before this one-sided, free-flowing 4-0 hammering of a hapless Everton on Sunday Chelsea had scored just 18 of their 47 Premier League goals at home – the lowest percentage [...]
Three lessons law firms can learn from rivals’ collapses amid coronavirus April 30, 2020 Law firm collapses are a lot like bank runs. Confidence in the institution crumbles, causing partners to rush for the exits – taking their capital and clients with them. Partner departures reduce the firm’s revenue, profit and capital, leading to further partner exits in a destructive feedback loop. Once firms enter this death spiral it [...]
RBS swings to loss in wake of £900m PPI charges October 24, 2019 The Royal Bank of Scotland (RBS) swung to a loss during the last quarter as a rush of payment protection insurance (PPI) claims caused a £900m hit to the lender’s balance sheet. RBS reports an operating loss of £8m for the nine months to the end of September 2019, falling from £961m in the same period last [...]
South Africa v England: Joe Root’s wickets leave visitors on the brink of victory and series lead January 19, 2020 Only rain can stop them now. It’s not a statement which you would expect to be true about England playing an away Test match against South Africa, but after a nigh on perfect fourth day in Port Elizabeth the visitors are on the brink of taking a 2-1 series lead. England began Sunday needing 14 [...]
Don’t let Covid spoil Valentine’s Day – bring the party home February 6, 2021 Usually the first busy night of the year for bars and restaurants, this Valentine’s Day promises to be a more subdued affair thanks to ongoing restrictions. But don’t let that spoil the romantic fun – here’s a list of some ways to bring the party to you on 14 February. Boisdale Valentine’s Night Dinner Kit [...]
The Novelty of the Coronavirus: What it means for Markets March 18, 2020 Does market history offer any parallels to today’s novel coronavirus crisis? Market action in recent weeks has been reminiscent of the global financial crisis (GFC) of 2007–2009, the crash of 1987, and, for those with a long memory, the crash of 1929, which wouldn’t have been so disastrous if it had not been followed by [...]
Oil stocks fall as coronavirus hammers oil prices January 27, 2020 Shares in oil and mining firms slipped this morning as oil prices continued to tumble, with fears over the coronavirus driving down demand for fuel. Brent crude fell over 3.5 per cent to hit $57.78, its lowest levels since October, after sixth straight sessions of decline. West Texas Intermediate fell 3.5 per cent to $52.30. [...]
Cost of new Museum of London balloons to £332m over ‘desperate’ need for repairs July 1, 2019 The price tag for the new Museum of London in West Smithfield market has increased by a third to £332m after studies revealed the extent of repair work needed. The relocation, previously estimated to cost £250m, is one of the largest cultural projects underway in Europe and is set to be the UK’s most expensive [...]