(Reuters) – BP will acquire the remaining stake in its U.S. pipelines partnership BP Midstream Partners LP that it doesn’t already own in a more than $700 million deal, as the energy giant looks to simplify its structure. The company said on Monday BP Midstream unitholders will receive 0.575 of a BP American depositary share …
BP to buy out U.S. pipeline partnership in $723 million deal Read More »
By Conor Humphries DUBLIN (Reuters) -Ireland said on Monday that the number of people employed by multinational companies in the country had hit an all-time high of 275,000 in 2021, up 10% on its pre-pandemic level. Just over 10% of Ireland’s workforce is now employed by the multinational sector, particularly big technology and drugs companies …
Jobs at multinational companies in Ireland hit record high Read More »
(Removes extraneous word from first paragraph) LONDON (Reuters) – The cost of making sure Britain’s electricity supplies were balanced with demand doubled to more than 1 billion pounds ($1.32 billion) for the three months to Nov. 30, regulator Ofgem said, voicing concern about the high fees many companies are charging for balancing services. British energy …
Britain’s electricity balancing costs double to more than 1 billion stg Read More »
LONDON (Reuters) – Qatar on Monday joined Britain’s Roll-Royce in developing small nuclear power plants capable of delivering low carbon energy to around 1 million homes each. The Qatar Investment Authority (QIA) said it would invest 85 million pounds ($112.2 million) for a 10% stake in the project, joining existing shareholders Rolls-Royce, BNF Resources UK …
Qatar backs UK’s Rolls-Royce in small nuclear power project Read More »
(Reuters) – Rolls-Royce said on Monday Qatar’s sovereign wealth fund would invest 85 million pounds ($112.12 million) in the British company’s new low-carbon nuclear power business in exchange for a 10% equity stake. The London-listed firm has agreed with the Qatar Investment Authority for the funding in its Small Modular Reactors business, which Rolls-Royce said …
Qatar takes 10% stake in Rolls-Royce’s low-carbon nuclear business Read More »
LONDON (Reuters) – British manufacturers reported a near-record inflow of new orders this month but also a worsening shortage of stocks of finished goods, which deteriorated at an unprecedented pace for a second month in a row, an industry survey showed on Monday. The figures from the Confederation of British Industry, collected between Nov. 22 …
UK factories report strong order growth, record bottle-necks Read More »
LONDON (Reuters) – UBS Asset Management has excluded Exxon Mobil and four other “unresponsive” energy companies from its climate aware range of funds, including one managed for UK pension scheme NEST, the firms said on Monday. The asset management arm of UBS also divested from Imperial Oil, Kepco, Marathon Oil and Power Assets following a …
LONDON (Reuters) – Britain on Monday called for views on potential checks for new oil and gas licences to assess whether projects are in line with the country’s climate commitments. Britain has a target to reach net zero emissions by 2050 and the consultation comes after oil major Shell earlier this month scrapped plans to …
Britain consults on climate checks for new oil and gas licences Read More »
(Reuters) – British software company Sage Group said on Monday it would buy the remaining 83% stake in cloud-based software provider Brightpearl it does not already own for about $299 million. The deal for Brightpearl, which provides operating systems to retailers and wholesalers, will be funded using existing cash and liquidity, London-listed Sage said. The …
UK software firm Sage to buy remaining stake in Brightpearl for $299 million Read More »
By Huw Jones LONDON (Reuters) – The number of finance jobs shifting from Britain to the European Union due to Brexit is less than initially expected despite billions of euros in share trading moving to the bloc and London losing most of its access to EU capital markets, consultants EY said on Monday. After Britain …
London banking job exodus to EU slows despite Brexit Read More »
