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Oil

Two Pemex partners to invest a combined $250 million in two projects.....

Two private partners of Mexico’s state-run oil company Pemex will invest a combined $250 million in two projects over the next four years as they aim to quickly ramp up crude output, according to...

Energy

Ovo Energy profits down by two-thirds

One of the largest challengers to the Big Six energy giants has revealed a two-thirds slump in...

Share of renewable energy generation touches...

Despite increased demand of electricity caused by the “Beast from the East” cold snap,...

BHGE’s to invest £31 million in north-east...

A £31 million investment in a north-east manufacturing base will boost the region’s subsea...

Business

Glasgow packaging company reduces its pension fund deficit.....

A strong sales performance by Glasgow-based packaging company Macfarlane Group has reduced its pension fund deficit to £9 million. Macfarlane employs over 925 people at 30 sites, principally in the UK, but also in Ireland and Sweden.

UK manufacturing downturn eases but Brexit causes concern

The downturn in UK manufacturing eased slightly this month, but factories are still fearful of the global economic slowdown and Brexit uncertainty, according to a new survey.

Bilfinger UK teams up with Ineos for Scotland sites

Bilfinger UK has been awarded multi-million-pound contracts to maintain two Scottish sites for chemicals giant Ineos in a move that will see the transfer of more than 100 workers.

Plan for new Jaguar Land Rover global parts logistics centre

IM Properties is working with Jaguar Land Rover to create a new global aftermarket parts distribution centre for the automotive company.

Ireland’s economic growth forecasted to fall to 4% this...

Economic growth will fall to 4 per cent this year and dip further to 2.7 per cent next year – and that’s based on a Brexit deal being reached, the State’s largest business lobby group has forecast.

FinTech firm Delio secures £2m investment

FinTech software platform Delio has secured a £2m investment from Maven Capital Partners.

Wine

Symington announces investment in new table wine winery

Symington has announced €5m investment in new table wine winery in Douro. The pre-eminent port producer will spend €4 to €5 million on a new winemaking facility at Quinta do Ataíde in the...