Saudi Aramco production cut prompts questions about future oil demand January 30, 2024 Saudi Aramco said today that it will cancel a planned production boost after receiving orders from Saudi Arabia's energy minister.
Revolut to ‘aggressively’ double down on business accounts after surge in revenue September 4, 2024 The head of Revolut's business-to-business offering has said it is "aggressively doubling down" on the market, after the unit's global revenues exceeded $500m (£380m) this summer.
COP28 hosts back proposed additional Saudi oil cuts November 30, 2023 Saudi Arabia could cut oil production further thanks to the first stage of the OPEC+ group’s meeting this morning, supported by the UAE. The nation has won provisional backing for the move has made it contingent on other nations contributing to the cuts, measures that if not could jeopardise the agreement. The UAE, hosts of [...]
Flight to quality gets underway as half of London offices set to be ‘unlettable’ by 2027 August 7, 2024 Changes to energy efficiency requirements mean that a majority of office spaces in the capital won’t meet the minimum standard for leasing within the next four years, making it a race to re-fit before 2027. Minimum energy efficiency standards (MEES) currently require that rented commercial properties in England and Wales have a minimum EPC rating [...]
Kingfisher shares soar: B&Q owner sales dip as customers shun ‘big-ticket’ items September 17, 2024 B&Q owner Kingfisher has reported a “resilient” set of results after a series of profit warnings last year, but weaker sales in France continued to weigh on profit. According to its half-year earnings for the six months ended 31 July 2024, sales fell by 1.8 per cent overall, to £6.75bn from £6.9bn, while gross profit [...]
Rio Tinto agrees on £22m SEC fraud fine after six-year legal battle November 22, 2023 Rio Tinto has reached a $28m (£22m) settlement agreement with the Securities and Exchange Commission (SEC) after a six-year legal battle over purported executive fraud.
Switch to a VoIP provider that has small businesses in mind January 26, 2024 The UK has over 2.4 million small businesses relying on legacy phone lines, which must migrate to a digital VoIP solution before the 2025 BT shutdown deadline. Businesses becoming early adopters will be able to grow faster and gain an edge over their competition, and a digital mindset today is a critical success factor for [...]
Shell takes second place behind Exxon in oil supermajor earnings February 2, 2024 US oil heavyweights Chevron and Exxon have beaten a subdued global oil price to post their second-biggest profits in ten years.
Euro 2024 squad value: How much is each team worth? June 14, 2024 It’s fair to say football is awash with cash. And these Euro 2024 Championships in Germany are no different. While there is money swimming around in sponsorship and broadcast deals and in prize money, the squad valuations across the 24 teams show the huge differences between sides. But, of course, that doesn’t necessarily mean success. [...]
CMC Markets swings to loss amid ‘tough’ market conditions November 16, 2023 CMC Markets swung to a loss this morning and saw dividends per share fall amid a slowdown in trading volumes on its online platforms.