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

U.K. startup raises $12M for its commercial food technology

Winnow, the U.K. startup that has developed smart kitchen tech to help commercial kitchens reduce food waste, is disclosing $12 million in Series B funding.

A third of UK automotive companies cutting jobs ahead of...

Motor industry bosses have claimed that a third of UK automotive companies are already cutting jobs as Brexit nears

UK commercial brokers optimistic about business next year

Around 53 per cent of commercial brokers feel confident about business growth next year while 67 per cent are optimistic about the lending environment, according to research by Shawbrook Bank.

Retail price index changes could drop as investor...

Prices of long-dated index-linked gilts could see another steep fall as investor complacency sets in, but an allocation to the asset class could still benefit multi-asset portfolio managers, according to industry experts.

Gaiety Investments shares in £10.29m dividend

Denis Desmond’s Gaiety Investments shared in a dividend payout of £10.29 million (€11.59 million) from its UK-based joint venture with concert giant Live Nation last year.

Virgin Money set to close Norfolk site, making around 50...

Virgin Money has announced it is closing its Norwich office, Norfolk, next year, making around 50 people redundant.

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...