Chevron divests $2bn North Sea fields to Delek subsidiary as US majors scale back in the UK May 30, 2019 Israeli-backed Ithaca Energy took a major holding in the North Sea this morning with a $2bn deal for Chevron, as the US oil major looks increasingly likely to pull out of the UK altogether. The deal moves around 500 staff to Ithaca, which is owned by Tel Aviv-listed Delek, and quadruples its expected production for [...]
Ollie Phillips: Why well-drilled Saracens will be too strong for Exeter Chiefs in the Premiership final May 30, 2019 The Premiership final is here and it’s no surprise to see Saracens and Exeter Chiefs facing off at Twickenham on Saturday. They’re simply head and shoulders above the rest at the moment. It will be the third final meeting between the two and one of them has been involved in each of the last five [...]
Premier Foods chairman to step down May 30, 2019 Mr Kipling maker Premier Foods has revealed that its chairman is set to retire from his role this summer less than two years after taking on the job. Keith Hamill, who was appointed chair of the firm in August 2017, has told the board of his decision to retire later this year at the group’s annual [...]
Train delays and shoddy rail service are holding back British business May 30, 2019 Trains in the UK are rubbish. Okay, this isn’t really a surprise announcement, but neither is the “we’re sorry to announce that your train is delayed” when it blares over the tannoy on a regular basis. I’m sure this will fill many of you with the same sense of unbridled want-to-drive-a-tractor-through-the-ticket-office rage as it does [...]
British winemaker Chapel Down grows revenue after record-breaking harvest May 30, 2019 British winemaker Chapel Down boosted revenue last year following a record-breaking harvest. The figures Group sales increased by 10 per cent overall, to £13m in the year to the end of December 2018. Sales of wine and spirits were up 11 per cent to £8.9m and beer and cider sales jumped by 10 per cent [...]
Ofgem slaps suppliers Economy Energy and E with £850,000 fine for competition breaches May 30, 2019 Failed supplier Economy Energy has been slapped with a major fine by regulator Ofgem for breaching competition laws with E (Gas and Electricity) and consultancy Dyball Associates. The companies were fined a combined £870,000 by the regulator this morning after it found the two suppliers had agreed to not target each others’ customers through face-to-face sales. [...]
Urgent action needed to tackle stagnating productivity, top economists warn May 30, 2019 The UK and other rich countries must take urgent action on multiple fronts to tackle the productivity slowdown that is undermining growth and preventing living standards from improving, Oxford University economists have today warned. Read more: UK productivity falls for second consecutive quarter Despite rapid technological change, productivity growth in nearly all of the world’s [...]
Regulators mistakes cost customers £24bn over 15 years, study shows May 30, 2019 Brits have been overcharged a massive £24bn for their water, energy and telecoms over the past 15 years due to regulators’ mistakes, a new report has found. Citizens Advice said that “midjudgements” from regulators Ofgem, Ofwat and Ofcom had caused customers to pay far too much for pipes and wires connected to their homes. Read [...]
Chelsea 4-1 Arsenal: Eden Hazard seals Europa League trophy before bidding Blues farewell May 29, 2019 They don’t want him to go, but if this is goodbye it’s a sweet one from Eden Hazard. He took his time, but when the chances came to shape the Europa League final it was Chelsea’s star who shone the brightest to light up a strangely subdued and distant – in more ways than one [...]
Chris Tremlett: Solid India represent the biggest threat to home favourites England at the World Cup May 29, 2019 The World Cup begins tomorrow and as I’ve been writing for the last few months England are my favourites. The hosts have all bases covered, are peaking at the right time and know the conditions the best. However, it will be far from plain sailing for Eoin Morgan’s side, with most of the other nine [...]