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

Ocado invests £17 million in developing 'vertical' farms

Ocado, which delivers food bought online from Waitrose, is planning to grow herbs and leafy greens next to its distribution centres.

UK has produced one unicorn tech firm a month over the past.....

The UK tech sector has produced one unicorn firm each month over the past year, according to new figures released ahead of London Tech Week.

In a latest blow to UK car sector, Ford to close Bridgend...

Ford said it would close its plant in Bridgend, south Wales, next year because of falling demand for some if its engines, putting 1,700 jobs at risk in a further blow to Britain’s once booming car industry.

Aviva to cut 1,800 jobs as UK business splits into two

British insurer Aviva will restructure its British business and cut costs across the firm with the loss of 1,800 jobs globally as it new chief executive seeks to make the business more competitive.

EU customers ‘abandoning’ UK firms over Brexit...

European customers are "abandoning" UK firms, according to a manufacturers' organisation.

Legal & General to sell home insurance business to Allianz

Legal & General has sold its home insurance business to German rival Allianz in a deal worth £242 million.

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...