UK Oil & Gas’s share price leaped more than 71 per cent this morning after revealing there were “significant quantities of moveable oil” at the so-called Gatwick Gusher.
Category: News Wire
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George Osborne to reap £21bn windfall from UK’s ‘safe haven’ status
Record low borrowing costs boosts Treasury’s coffers ahead on Budget next month
German poll finds one in three firms would leave UK after Brexit
Bertelsmann Foundation’s survey of 700 British and German firms finds 29% would cut capacity or relocate with 80% firmly behind UK staying in the EU
£35bn Shell-BG merger goes through
Shell share price dips as boss Ben van Beurden hails “significant moment” after £35bn takeover of BG Group goes through
Companies ‘are in best shape for two years’
Companies have reported their fastest growth for two years, but supermarkets and the oil and gas industries weighed heavily on an otherwise encouraging performance, according to analysis by the Share Centre.
Cold winds blow in shoppers to the high street
British retailers given a boost with an uplift in shopping footfall in January after a grim December
Chancellor Osborne’s family firm pays no corporation tax
George Osborne has shared in a £335,000 dividend payout from his family’s profitable wallpaper business — even though it has not paid any UK corporation tax for the past seven years.
Glaxo fined £37.6m for ‘illegal behaviour’ over Seroxat deals
UK competition watchdog said firm paid drugmakers £50m in return for delaying cheaper generic versions of drug
Rolls-Royce slashes dividend for the first time in 24 years
Plunging profits have forced Rolls-Royce to slash its dividend for the first time in a quarter of a century.
£120m error in Google chief’s profit figures
Google was accused of living on a different planet yesterday after executives insisted that its £130 million tax settlement with Britain was a fair deal.
Investors fall prey to ‘death spiral’ as faith in central banks wavers
“Markets have stopped believing central banks can generate inflation. This is becoming a self-reinforcing death spiral”
Peer-to-peer lenders reject Turner’s criticism
The peer-to-peer lending industry reacted angrily after the former head of the City regulator warned that the fast-growing sector was an accident waiting to happen.
Twitter share price nosedives on news it is losing users
Price of stock falls 13% in after-hours trading after hitting an all-time low earlier this week on news its number of monthly users has stopped growing entirely
British Gas and EDF cut gas prices
British Gas and EDF Energy have announced they are cutting their gas prices, the last of the big six energy suppliers to do so.
Thomas Cook revenues dip on terror attacks
Revenues and bookings at Thomas Cook dropped in the last three months of 2015, in the wake of the terror attacks in Paris, Istanbul and Sharm-el-Sheikh, the tour operator said today.
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