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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

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.

Black Friday sales in Britain fall year-on-year

Black Friday spending in Britain fell year-on-year, credit card data showed on Friday, dealing a blow to retailers who had hoped for strong sales at the start of the Christmas shopping season.

Sales worth more than £7bn forecasted across Black Friday.....

Shoppers in Britain were poised to carry on splashing the cash into Cyber Monday, with some forecasts suggesting they planned to spend more than £7bn across Black Friday and the online shopping day.

Brexit impact on UK ‘landbridge’ may ‘adversely...

The agrifood, seafood and automotive sectors will be adversely affected in particular by the impact of Brexit on the UK “landbridge,” the critical transit route linking Ireland and Europe, a new report finds.

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...