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Oil

UK oil industry could be damaged by lack of clarity around brexit deal

The UK’s draft withdrawal agreement for leaving the European Union lacks clarity, which could be damaging to the UK oil and gas industry with increased costs for retaining skilled workers, analysts.....

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

UK regulator casts doubt on stores’ merger

British regulators say the proposed supermarket merger between Sainsbury’s and Walmart’s Asda unit would push up prices and reduce quality for shoppers, casting doubt on a deal that would create the country’s biggest grocery chain.

Porsche warns UK customers of 10% brexit surcharge

In a move described by Porsche as ‘precautionary’, the luxury car maker has warned its UK customers might have to pay 10% extra for cars delivered after Britain leaves the EU.

Ford may move some business out of Britain because of Brexit

Ford Motors told British Prime Minister Theresa May during a conference call this week that it may have to move some production out of Britain because of Brexit, according to a source.

Greencore to stockpile in UK in the event of a hard Brexit

Greencore is ready to stockpile ingredients in the UK and change recipes in the event of a hard Brexit that could hit supply lines, according to UK managing director Peter Hayden.

Impax Asset Management plans Ireland subsidiary in...

Impax Asset Management is planning to establish a subsidiary in Ireland to deal with the potential fallout from Brexit, as it reports a "landmark" year of rising AUM and profits.

Britain's carmaking sector warns on Brexit no-deal...

Britain's carmaking sector warned on Tuesday that a no-deal Brexit would be a "catastrophe" for the industry, two weeks ahead of a key parliamentary vote on London's proposed deal with Brussels.

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...