Energy
Oil price manipulation probe turns to trading houses
European authorities investigating alleged oil price manipulation have asked trading houses to provide them with information.
Categories: Energy
Energy bills 'could overtake mortgages in five years'
Energy bills are rising so steeply that they could overtake mortgage repayments in parts of Britain in just five years' time, the chief executive of supplier, First Utility, has claimed.
Categories: Energy
Energy bills 'could overtake mortgages in five years'
Energy bills are rising so steeply that they could overtake mortgage repayments in parts of Britain in just five years' time, the chief executive of supplier, First Utility, has claimed.
Categories: Energy
Shell: oil market regulation will cost consumers
Royal Dutch Shell lobbied against proposed European rules designed to clamp down on commodity market abuse, arguing they would raise costs for consumers and increase market volatility.
Categories: Energy
BP attacks Gulf trial judge as it fights against 'raid on its coffers' for 'absurd' compensation claims
BP has launched a blistering attack on the judge presiding over its fate in the Gulf of Mexico trial, as it escalates its fight against the "raid on its coffers" for "fictitious" compensation claims.
Categories: Energy
Ex-BP chief Tony Hayward to chair Glencore Xstrata after shareholder revolt
The City's rehabilitation of disgraced BP chief Tony Hayward is complete as he becomes the interim chairman of the new FTSE resource titan Glencore Xstrata after investors voted out Sir John Bond.
Categories: Energy
Ex-BP chief Hayward to chair FTSE giant Glencore Xstrata after shareholder revolt
The City's rehabilitation of disgraced BP chief Tony Hayward is complete as he becomes the interim chairman of the new FTSE resource titan Glencore Xstrata.
Categories: Energy
Ex-BP chief Hayward to chair FTSE giant Glencore Xstrata
The City's rehabilitation of disgraced BP chief Tony Hayward is complete as he becomes the interim chairman of the new FTSE resource titan Glencore Xstrata.
Categories: Energy
Ex-BP chief Hayward to chair FTSE giant GlencoreXstrata
The City's rehabilitation of disgraced BP chief Tony Hayward is complete as he becomes the interim chairman of the new FTSE resource titan GlencoreXstrata.
Categories: Energy
BP to ask David Cameron for help as escalating Gulf oil spill costs raise takeover fears
BP will ask David Cameron to raise the issue of its rising costs of compensation connected to the Gulf of Mexico oil disaster in 2010 with the US government, as it fears it may become a takeover target, according to reports.
Categories: Energy
BP and Shell braced for market reaction amid oil price manipulation probe
BP and Shell were braced for the reaction of the markets on Wednesday after European regulators began an investigation into whether the companies may have manipulated the price of oil for more than a decade.
Categories: Energy
Shell and BP unmoved by price fixing probe
Shell and BP shares were trading flat as markets weighed up the implications of an investigation by European regulators into whether the companies may have manipulated the price of oil for more than a decade.
Categories: Energy
Shell shares drop but BP unmoved by price fixing probe
Shell shares fell 1.6pc but BP's were trading flat as markets weighed up the implications of an investigation by European regulators into whether the companies may have manipulated the price of oil for more than a decade.
Categories: Energy
Petrol price 'rigged for a decade'
Motorists may have paid thousands of pounds too much for their petrol over the last decade, after two of Britain's biggest companies were raided on suspicion of manipulating oil prices.
Categories: Energy
David Cameron: 'deeply concerned' if petrol prices driven up by price-fixing
PM is "extremely concerned" about allegations that petrol prices may have been rigged by oil companies, his spokesman says.
Categories: Energy
Tory MP asks SFO and police to consider petrol price rigging
A Tory MP has asked the Serious Fraud Office and London police whether they have "scope to investigate" allegations of oil price-fixing that could have driven up costs for drivers.
Categories: Energy
Regulators must explain 'limp-wristed' petrol price rigging inquiry, says MP
British regulators under pressure to explain the "limp-wristed, lettuce leaf" inquiry that gave the petrol market a clean bill of health just months before oil companies were raided by European authorities.
Categories: Energy
Britain is world's leading exporter of power generators
Britain is the world's leading exporter of power generators, as they are seen as manufacturers of the "best quality and are the most reliable", according to latest research.
Categories: Energy
US shale energy creates global oil 'supply shock'
Booming oil production in North America brought on by the shale energy revolution has created a global "supply shock" that is reshaping the industry, the International Energy Agency said on Tuesday.
Categories: Energy
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more